Selling large amounts of crypto
It seems that cashing out crypto is still a problem. You would think that the crypto world improved so much in the last 5-10 years and today we are supposed to have so many options but in reality, it's still far from perfect. While it is true that there are plenty of exchanges/brokers that are ready to take their cut it is much more complicated when it comes to keeping a low profile. Let's imagine you decided to cash out today, liquidate all the crypto you have because you need money to buy a new house, pay for your kids' university, or whatever. The vast majority of exchanges like Binance or Kraken will ask you for an ID, especially when it comes to big volumes. Moreover, the transaction will be out there in the public books and you have no idea who is going to have access to it. Does not sound very anonymous to me. IRS will come knocking at your door tomorrow. Even if you went through all of this, your bank will surely have some questions about why are you getting a ...