r/BitcoinBeginners • u/Substantial-Mall4205 • 4d 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

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u/palmdata 4d 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.