this post was submitted on 29 Oct 2023
20 points (83.3% liked)

Monero

1653 readers
24 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS
admin@monero.town
20
How to sell $300k+ Monero without origin of funds? (monero.town)
submitted 1 year ago by moneroworld@monero.town to c/monero@monero.town
33 comments fedilink hide all child comments
 

I bought it in the early days and moved several times due to security reasons. As a result, I'm unable to prove its origin. What would be a viable strategy to cash out?

you are viewing a single comment's thread
view the rest of the comments
[–] moneroworld@monero.town 2 points 1 year ago

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.