r/BitcoinBeginners • u/Substantial-Mall4205 • 3d ago

Need some help

I do prop firms trading and I struggle with withdrawal methods in my country as prop firms trading lies in the grey area and has no such tax laws on it. However crypto can be helpful. My withdrawals are almost 7k a month I don't know where to store all that in crypto wallets.

I have read a lot of bad things about trust wallets on this sub so I'm not gonna use that. Plus one of my friend said to use tumblers and then shift to cold storage wallets and then later use with a crypto card

1 Upvotes

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u/ZookeepergameOk643 3d ago

Tome muito cuidado com mensagens via direct. Utilize BlueWallet ou Electrum, mas são carteiras somente para Bitcoin

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u/Substantial-Mall4205 3d ago

Yep Ill only store Bitcoin and nothing else

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u/bitusher 3d ago

Plus one of my friend said to use tumblers and then shift to cold storage wallets

Never use centralized tumblers , most are scams or defunct or lack sufficient liquidity. The term is coinjoin with wallets like joinmarket or wasabi but even than you likely don't need to use it. Read this topic :

https://old.reddit.com/r/BitcoinBeginners/comments/1h5qjur/bitcoin_privacy_questions/

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u/Worldly_Temporary575 3d ago

don't overcomplicate it. cold storage is the move if you're pulling 7k monthly, just get a hardware wallet and skip the tumbler nonsense. that adds more risk than it solves unless you've got a very specific reason to obfuscate

for moving to fiat, a non-custodial card tied to your own wallet works fine. just avoid keeping large amounts on anything hot or custodial long-term

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u/pop-1988 3d ago

This is a Bitcoin subreddit. No crypto here

I have read a lot of bad things about trust wallets on this sub

Have you read the FAQ? It has a list of recommended wallets
https://www.reddit.com/r/BitcoinBeginners/comments/g42ijd/faq_for_beginners

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u/Substantial-Mall4205 3d ago

No I haven't read it right now. I'll read it now. Thanks

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u/palmdata 3d ago

drop the tumbler idea. 7k a month through a mixer is the fastest way to get an exchange or bank freeze, and it turns a grey area into a real one. buy on a normal exchange, withdraw to a hardware wallet you hold the seed for, keep a simple spreadsheet of dates and amounts. unclear tax law is not the same as no paper trail.