Offramping low 6 figs
There’s been a lot of posts recently on Reddit about using centralized platforms for large crypto transactions especially when trying to get back into fiat. This post for example describes how a significant off-ramp went left because a portion of the funds was deemed as high risk on AMLchecks.
It got me thinking about the importance of researching alternative methods for cashing out, like decentralized exchanges or peer-to-peer trades, especially when dealing with substantial sums.
What are everyone’s experiences with these off-ramp issues?
What are the tax implications of such deals ?
PS For all the scammers DMing me rn - I'm nowhere near 6 figs yet !