Mapren want to cash out 5 ETH to buy his PuAS Macili
May I know what is the best platform, and what do we need to beware of?
Previously we cash out not more than 1 ETH at a time.
TIA
Best way to cash out 5 ETH
Best way to cash out 5 ETH
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Oct 23 2021, 10:49 AM, updated 3y ago
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#1
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Junior Member
645 posts Joined: Jul 2012 |
Mapren want to cash out 5 ETH to buy his PuAS Macili
May I know what is the best platform, and what do we need to beware of? Previously we cash out not more than 1 ETH at a time. TIA |
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Oct 23 2021, 11:17 AM
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#2
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Newbie
7 posts Joined: Feb 2016 |
send to Luno and convert to RM send to ur bank acc
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Oct 23 2021, 11:19 AM
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#3
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Junior Member
275 posts Joined: Oct 2021 |
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Oct 23 2021, 12:29 PM
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#4
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Junior Member
645 posts Joined: Jul 2012 |
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Oct 23 2021, 08:04 PM
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#5
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Senior Member
1,274 posts Joined: May 2009 |
How much gas fee to Luno ?
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Nov 2 2021, 12:05 AM
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#6
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Newbie
36 posts Joined: Dec 2014 |
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Nov 2 2021, 01:19 AM
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#7
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Senior Member
1,274 posts Joined: May 2009 |
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Nov 8 2021, 12:15 AM
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#8
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Junior Member
21 posts Joined: Dec 2008 |
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Nov 8 2021, 12:18 AM
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#9
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Senior Member
1,274 posts Joined: May 2009 |
QUOTE(cameradude @ Nov 8 2021, 01:15 AM) Is there any limit we can cash out? If cashing out like say 100k at one time will there be any issue? Not daily trading but it's due to long term HODL ... I am not sure, but if more than rm10k, the bank may submit to Bank Negara, this is protocol and normal.You should talk to your accountant or get an accountant to advise. |
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Nov 8 2021, 12:27 PM
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Junior Member
455 posts Joined: Dec 2010 |
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Nov 8 2021, 12:33 PM
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#11
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Senior Member
4,051 posts Joined: Jun 2009 From: Kuching |
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Nov 8 2021, 12:46 PM
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Junior Member
455 posts Joined: Dec 2010 |
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Nov 8 2021, 10:54 PM
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Junior Member
223 posts Joined: May 2010 |
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Nov 9 2021, 08:02 AM
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Junior Member
455 posts Joined: Dec 2010 |
QUOTE(kaiwen1210 @ Nov 8 2021, 10:54 PM) When is that? Recently? By the way when LHDN knock ur door u need to prove it is long term hodl. is that correct? That was Sept 2020.Already more than a year, LHDN didn't contact me or anything. But I can prove that since I always buy crypto from Luno honsiong liked this post
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Nov 9 2021, 10:41 AM
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#15
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Senior Member
1,274 posts Joined: May 2009 |
From what i gathered, LHDN will tax if you are a trader.
But if you state that you are just investor and holding, LHDN cant tax. |
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Nov 19 2021, 02:53 AM
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Junior Member
82 posts Joined: Sep 2020 |
I think the safest way is to use a BTC atm. Ethereum is now available to buy and sell at Bitcoin of America ATM locations. General current worldwide average bitcoin ATM fee is 5.4% for selling crypto for cash. So if you will visit any country that has an atm you can withdrawal your money safely. You can check where the BTC ATMs are on paydepot. I am sure you have at least one close to your location.
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Nov 19 2021, 05:34 AM
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Junior Member
941 posts Joined: Nov 2007 |
QUOTE(DennisMay @ Nov 19 2021, 02:53 AM) I think the safest way is to use a BTC atm. Ethereum is now available to buy and sell at Bitcoin of America ATM locations. General current worldwide average bitcoin ATM fee is 5.4% for selling crypto for cash. So if you will visit any country that has an atm you can withdrawal your money safely. You can check where the BTC ATMs are on paydepot. I am sure you have at least one close to your location. Don't think there exists in Malaysia.Also 5 ETH is around RM80,000 here - I don't think any ATM lets you withdraw so much. |
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