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7 years ago in #bitcoin by rok-sivante (77)
$0.72
- Past Payouts $0.72
- - Author $0.65
- - Curators $0.07
95 votes
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Bitpanda has much higher daily limits, but I don't know if it is accessible from china or canada. He might need a EURO bank account and then somehow exchange it for CAD.
Why does he not use paper wallets? He could scan them and have it encrypted on his laptop/USB device
Rok,
My suggestion is to convince the Seller to accept BTC for payment not CAD funds then have SELLER gift the Home to the BUYER, pay ZERO taxes.
ps; Do NOT re-Register the home.
If you seek to purchase and sell $1,000,000 worth of bitcoin but can’t find an exchange that has a sufficient liquidity in its order book to process the order without causing a significant movement in price, two options become available to you. First, you could sit on an exchange and slowly purchase bitcoins through multiple, smaller-sized orders. Every purchase made could in theory cause the market price to rise over time, so there is still risk of an inflated total purchase price. Alternatively, you could engage in an OTC transaction for the entire amount at a negotiated price. The negotiated price for the OTC transaction should in theory be better than the net price you would receive after slippage by executing the entire order on an exchange’s order book.
For more, visit https://bravenewcoin.com/news/how-to-buy-large-amounts-of-bitcoin-through-the-otc-market/
Look for "Over the counter Bitcoin" in Google or DuckDuckGo (for better privacy). If you want to physically move your Bitcoin you can get a Trezor, Ledger or even a paper wallet. If you are really paranoid you can memorize the Trezor's seed words and pass billions of $$$ through any customs on earth stored on your mind.
tell him to store his bitcoin on a trezor... it's a little device and most will never know what it is.
also, you can use a trezor in decay mode, hiding your crypto under a real (blank) wallet, just in case.
or just use Samourai App with its awesome privacy features. you can even hide the full app on your phone and activate it via a sms code
edit: assuming you meant to move it physcially through border
That could work, though I think they’re looking to get into Canadian dollars - so that could be half the equation, though the other KEY half would be what sort of exchange, service, etc to use that could accommodate transactions of that size...
When I read this I though it was a TRICK QUESTION,,,,, Bitcoins are not physical, don't require moving, exist on the Internet and are already inside of every country. That being said, the way to get them in ANY country is to write down your keys or put your Bitcoins or whatever coins into a Trezor wallet or similar,,, PHYSICALLY go to whatever country and in that country open an exchange (pref. peer to peer) account (possibly with a citizen like a corporation) and pull out your cash......
I believe you would only be subject to any taxes that that specific country may or may not charge for trading on the exchange......
Bitcoin is BEYOND Boarders and Governments and banks,,,,, that is why we made it.
TAXATION is THEAFT
I think uphold could do it theoretically? https://support.uphold.com/hc/en-us/articles/206118653
edit: nvm 50k daily limit
Yes, they will charge around 2% (have to look at current rates) for transfers to fiat currency cards.....
Ash you always know so much.
Good on you.
Not meaning to bust your balls or anything, but 'moving bitcoin' across any border is sort of a 'non sequitur'. The coins exist only on the interwebs (or the first distributed republic if you wish). To 'move' the coins you would only need a way to transfer a private key (or seed phrase) from one region to another, and I believe this can be done within the blockchain itself (perhaps with a little help of pgp or the likes) (in that sense, it would be an interesting philosophical question in what regards 'turing complete' is applicable to the blockchain existance as a whole, but I am drifting way off point). I think your main point is: "how to buy/sell millions worth of bitcoin without upsetting the market?". I would say: just dump them on the first exchange that proves liquid and start a panic fire sale, then buy part (or all) of it back and be home free. But that is of course a bit tongue in cheek.
If the funds are for the property purchase, they only need to find a real estate agency that will settle in BTC for them. They will either try to convince the seller to accept BTC or they will take BTC and arrange the CAD payout through their own clearing house. The buyer only needs to use their "brain wallet" with seeds to access the BTC when they arrive in Canada.
NEVER use QCX for anything you do not want completely tracked, they are in tight with regulation with the Canadastan gubment.
Honestly.
It is part of the reason there are really basically NO CAD options to use for exchanges.
Not anything with any volume/choice/liquidity.
Plus their C/S sucks.
thanks for the head's up. though, everything that I've got coming through QuadrigaCX is what I'll be claiming, so no worries there.
what about Kraken? besides those two, I haven't really come across any real options, have you...?
I know people in Canada who essentially run exchanges and quietly will sell Crypto to people they know, in sizable amounts, maybe do similar things or services here or there but that is too big for them.
-- apart from asking my associates in the official Blockchain Assn's and related.
A lot of good advice here, in the replies, too.
I know some of those myself.
Another option is to contact Dan @blocktrades -- and he will most likely be more than willing to help, even if that means (gasp) -- storing on an exchange / BTS / his options for days, etc etc.
Out of the box option to leave things "offcloud"
Dan is the man, but is not @dantheman
lol
You need to hire a lawyer who familiar with cryptocurrencies. It is a serious question.
Mmmmh... It's a lot of money... I live in Switzerland, in the crypto-valley, but I'm just a mannequin. Good luck!
Check the casinos. Some of the casinos accept bitcoins as deposits. But not sure where . you have to go and see. I know some casinos in Cyprus accepts bitcoins, give you chips to play and make it cash while you are leaving. But you maybe have to play some. :)