Third world fag here

just buy a jetsurf it's more important than fiat
youtube.com/watch?v=9D7Inw2AezQ

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>he fell for the cash out meme
ahahahahaha

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Fucking bullshit my account got closed

I hate banks now Reeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

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If only there were some way to be in control of your own funds, to be your own bank. To hold all of the power to move your value how YOU see fit. To be able to transfer money anywhere in the world and at any amount. A shame it will never become reality

>now

You should have to begin with that's the fucking point of btc you absolute FUCKING IDIOT
THIS YOU FUCKING RETARD OP

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WTF you talking about?
UnionBank is so crypto friendly they even have a crypto ATM.
Pic related.

I've cashed out several times from coins.ph and the Abra app direct to my BDO account.
And I've used the Security Bank eGiveCash withdrawal method of coins.ph many times.

Where the hell are you cashing out that they are so clueless? Buttfuck nowhere like Tanay Rural Bank?

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>imagine the smell

you should never have mentioned bitcoin to them. they have you by the balls now. NEVER MENTION BITCOIN TO YOUR BANK

>regulated btc remittance
I guess you had to compile some KYC there, isn't enough for your shitty bank?
Or they also complain about the wallet to wallet transactions?

Didnt you see the image I posted, my bank is bpi family and apparently they dont know shit about rebit.ph. And yea I should probably open one in unionbank
-_-

What amount did u cash out retards? $300k at once?

In Albania? I always thought being mafia was compulsory there & would have worked in your favour.

Are you OP?
I didn't notice since your ID was different.

BPI is extremely EXTREMELY strict man.
I can't even open an account there because they don't like all my IDs. Voters ID, latest postal ID with the QR code, police clearance with ID card, barangay clearance... Nope.
They have a list of like the only 5 types of IDs they will accept.

I've bought from localbitcoins like over 40x, using bank deposit option.
NONE of the sellers use BPI.
It's all BDO, UnionBank, etc
Never BPI.

So at least you still got your money though, in exchange for getting your account closed?
Or is it "frozen" due to AML concerns/investigation?

hello kababayan OMEGALUL what happened to your money is it gone? do u need help? use coinsph brainlet!

>expecting this to go any other way

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Curious ako magkano winithdraw mo. Ano yun isang bagsakan 7 figures? Consistent ako magwithdraw e para sa monthly expenses, sa BPI rin naman, la naman sumisita sakin. Siguro dahil sa amount. Tapos rebit din naman gamit ko. Kung rebit pala gamit mo edi nagapply ka dun sa 400k php max daily limit? Kasi otherwise tangina dun ako sa tier below nun tas naaabot ko ung monthly limit nun wala naman prob.

>send BTC to coinbase
>Convert to USD
>Send to bank
so hard

thats a good way to lose 30% to the taxman and get your normie bank account audited and spend the next 3 months giving the IRS receipts of gasoline and food purchases to prove you arent laundering money

Got my money

Why didnt you cash out through your cousins in Italy?

Coins.ph has a shitty monthy limit though

6 figures bruh

Kuha mo na pera? Itatax ka raw ba? Tangina wiwithdraw ka 6 figures isang bagsakan sana inayos mo. Sana d ka maBIR. ~500k sa isang buwan ung ichecheck nila IIRC

Honestly the issue is governments more than banks.

Already cashed out millions from rebit and coins tax free. If BIR noticed it I’m probably done

The AML alert happens regardless of the bank I think, but rather based on the amount.
I withdraw 300-400k pesos every month from trading income at UnionBank.
Pic related (with ID sign for proof).

But I got the alert when my account balance hit p2m, I got a call from them asking for documentation on the source of my income.

Sent some docs, exchange screenshots and pics of localbitcoins deposit slips, and all they said was "ok then, carry on".

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BIBIMBAPMADAP NANG BARANG PAP BAP BADAP

Why not just pay taxes on it?
Easier to provide banks with documentation on your money.
You do it once and they never ask again.

Otherwise how do you buy things like houses, condos, and cars without getting asked every time and risking an account freeze every time.

Nigger
How much is the tax %wise, sabihin natin 7 figures? La kasing readily available info o tanga tanga lang ako magtingin. Sa reddit may nakita ako nagpost about it sabi ~30% daw ung tax eh kung malaking amount. Laking kaltas syempre. Naisip ko pede kong icashout sa Dubai tas ipadala nalang dito kasi taxfree ung ganun. Problema lang e tulad ng ginagawa ko ngayon kelangang artehan para hindi maAML nga o baka sa Dubai naman ung problema. I guess it's not worth the hassle kung ganyang kalaking amount tapos consistent naman. Anyway, un nga ibig sabhin ko, regardless kung saang bank, e etong si kupal na OP nagcashout ng isang bagsakan 6 figures tas gustong takasan ung tax. Goodluck nalang. Although nakacashout na raw sya ng milyon so..

doesnt your remittance company have a cash to door option?

> Why not just pay taxes on it?
Begone from my cryptoanarchist cypherpunk nazi board, taxcucking scum.

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Cryptocurrencies are a crock.
What social benefit do they provide?
Well, they allow a few dozen men in my district to sit in their pajamas on the couch all day until their wives are going to be millionaires.
They help terrorists and criminals move money around the world.
They help tax evaders.
They help startup companies to commit fraud, take the money, and 1% of the time they actually create a useful business but then again I dare say that some tiny percentage of all larceny and crime helps finance something that turns out to be useful.
When we have people take risk, we don't encourage gambling. We encourage investment in the real economy.
But when you buy a bitcoin, are you financing a new factory?
NO.
You are gambling on its value for no social benefit.
Finally we have these "Initial Coin Offerings", deliberately naming themselves to lie to the public and convey the image that it's like an initial public offering.
They stole the intellectual property and trademark of legitimate investing and applied it to a fixed, fraudulent, gambling scheme of no social benefit.
Aside from that I think it's a good idea.

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> 6 figures
At once? In usd? Why u don't cash out through local.bitcoin.com by cash? Sending 6 figures to your bank out of nowhere is completely retarded, it's strange that u got your money.

30% ish
Madali naman makalusot
Bago ako naging crypto trader, online marketing raket ko.
Nakakapasok naman ako ng daang libo, total e milyon din, na hindi ko inireport.

Pero napakalegit na ko sa crypto kasi hirap bumili ng bahay etc na malakihang value, sinisilip lagi.

>documentation
>taxes

You are not very smart, are you

>trusting government employees to not murder you for money

So 30% nga, sakit. Anong documentations pinakita mo? Sapat na ung sinabi mo screenshots lang? Kunware sa Bitmex, o sa Binance kung san ka man nagtetrade. History ng trades mo ganun. Sabagay wala dito satin ung tulad sa US na itatax kada transaction bullshit, kelangan lang ng proof na sayo ung crypto kaya mas madali ata. Tama ba? Kung mukhang d maging effective ung Dubai plan ko mukhang kelangan kong patulan na yang 30% cut

Replace crypto with central banks or jews and it's accurate

Yes thats what bpi asked If there’s a trading history under my name, I sent all the screenshot from binance and rebit but unfortunately its not enough