How To Avoid Crypto Taxes: Cashing out

You should pay your cryptocurrency taxes, but if someone wanted to avoid crypto tax...I guess this is how they would avoid the crypto capital gains tax. Sure, the taxation of cryptocurrency seems strange. But taxes on crypto are something that is going to happen when there's so much money out there.

00:00 How to avoid crypto taxes
00:33 Avoid KYC Exchanges
04:06 Pay for things with crypto (from a non-KYC exchange)
06:12 Crypto Taxes
07:54 Bitcoin ATM
09:16 Sell your crypto on eBay
11:31 Crypto Shopping

I recommend using an exchange with no KYC or a decentralized exchange. For most people, your best bet would be KuCoin and you would only be able to fund and withdraw from your account in cryptocurrency.

As for CelPay, I forgot to mention they do KYC so they would be able to report you to your taxes. You should use crypto wallets to send crypto to other people. Nano is fast and super cheap if you want to use that as a form of payment

[jescowhite]

Dude you always have great advice and tips. keep it up.

[BlowitAllUp]

Over-paying taxes doesn't make you a "good person." It makes you stupid. It makes us all stupid for allowing/voting the government to screw us.

[jonnyboy]

Why pay taxes when central banks are just printing money

[JacobFrey]

I was audited by the IRS just for watching this video.

[zefievideo]

I dont even mind the taxes, but flagging crypto to crypto exchanging as short-term capital is ridiculous. I think they are trying to kill crypto by over taxation.

[carmendior]

What is the best strategy to enter crypto trading now for someone with more or less than $8000

[vernellron]

Bitcoin is the beginning of something great a currency without a government.

[mcZOR]

Finally legit video with helpful information regarding taxes, not like any other video that repeats itself with "duh convert bitcoin in IRA tax free account" etc etc. Thank you! subscribed.

[cryptosig]

“Funds roads, police...” lol if only you knew how little percent of your tax dollars actually go to those things.

[psylocibeboobensis]

Also, if you trade on a regular basis, it's much more convenient (and cheaper) to swap to stablecoins (usdt, DAI etc.) instead of cashing out

[ElmwoodParkHulk]

298 IRS agents disliked this video so far ....

[helenalanser]

I live in Portugal; the portuguese gouvernment doesn't tax crypto-gains!

[thebeeskneestreasures]

"You might as well pay taxes at that point" LMAO . You are hilarious! Also, I LOVE the crazy idea of having my own bitcoin ATM at my home ;) Awesome video!

[pmbabi]

I like your mindset and mentality, you’re also really funny man good work

[Deverything]

"My wife is Taiwanese and I can use her passport-" (knock, knock knock) Dude you're a crackup.

[ristonalaimo]

7:46 this guys face when he said "it's not illegal" just made me smile

[riccardogiuseppe]

The world is changing! I'm glad to be part of that. The crypto had made so many millionaires already. It is the evolution of money, Thanks for making this very informative video I just subbed 👍

[teguhlestari]

Success is about focusing Your energy on what creates results and using what you already know

[chrisdher]

Btc atm...it’s better to ask for forgiveness than permission. It just might be crazy enough to work!

[jmsparks]

You deserve an award for this video. Amazing.