Best legal way to safely convert crypto into fiat

Question

Hello i'm looking for a way to safely convert cryptos coming from ambiguous sources into fiat money that can be deposited into my bank acc. Im not scared of paying taxes but i dont want to declare where are they coming from.

Answer 1

Well, I wouldn't know exactly how to do it but I know that bitcoin is traceable, so what I would do is transfer it to monero, then from that monero wallet to another and then back to bitcoin, in the end you create an anonymous bank account and you transfer "small" amounts of money from anonymous to real, another way is douing al theese but in stead of transfear it to your bank transfer it for games money, like robux and after that sell the accounts, I'm not 100% if it works but I've been thinkin on these for a wile

Answer 2

Take inspiration from how Tor anonymizes people. Make several different wallets of several different cryptos and route it through all of them, to several different "end" wallets. Deposit a little bit from each end wallet into the wallet you'll be withdrawing from, but be sure to not do it all at once.

Alternatively, you could take some photographs, sell them on a stock photo website that accepts crypto payments, and then buy them from yourself.

These would probably be considered money laundering if you were using USD, but it's more of a gray area with crypto. Plus, the government probably doesn't care as long as you're paying taxes.

Answer 3

i am not expert in it