Good to see that someone with a considerable amount succeeded in cashing out without issues. Despite that, the PayPal method sounds scary to me. What can I do if they claim a SoF document while blocking my crypto and I fail to pass the check?
A crypto loan would be a similar situation, since I still need to prove the origin of the crypto in order to get the loan. I bought it with cash, so I can't provide any real proof that can fulfill a SoF check properly.
Tax is not a problem at all, even if I have to declare the whole amount as pure profit. My main concern is a failed SoF check, which could potentially lead to a block on my crypto.
Good to see that someone with a considerable amount succeeded in cashing out without issues. Despite that, the PayPal method sounds scary to me. What can I do if they claim a SoF document while blocking my crypto and I fail to pass the check?
What happens if they claim a SoF document and I fail the check?
Good advice, but unfortunately, I can't buy a house in circular economy yet.
A crypto loan would be a similar situation, since I still need to prove the origin of the crypto in order to get the loan. I bought it with cash, so I can't provide any real proof that can fulfill a SoF check properly.
Tax is not a problem at all, even if I have to declare the whole amount as pure profit. My main concern is a failed SoF check, which could potentially lead to a block on my crypto.
It is true, but if this amount of cash were to suddenly appear on my account, it could raise red flags.
It's not a problem. My only concern is a failed source of funds check, which could lead to a block on my cryptocurrency.
Thank you, for the great list. I'm definitely going to try some of these services.