| ▲ | chistev a day ago | |
If I try withdrawing my Monero, I need to convert it to usd, and then withdraw. Can't that process be tracked to me? | ||
| ▲ | Sayrus a day ago | parent | next [-] | |
Trade it directly for USD in cash. I'm not sure what the laws are in the US but I don't remember seeing that owning or selling was illegal in any way. | ||
| ▲ | 2OEH8eoCRo0 a day ago | parent | prev | next [-] | |
Yes. A friend of mine worked cybercrime and said that was often a weak link- criminals tend to want to enjoy the money which means converting and withdrawing or buying physical things. | ||
| ▲ | OutOfHere a day ago | parent | prev [-] | |
Withdrawing it is silly because one can swap and spend it directly on sites that accept cryptocurrencies, as an increasing number of them do accept. Also, even if the withdrawal itself is trackable and taxable, withdrawing it will not reveal your prior transactions which is the point. Pro tip: Do not buy Monero for any amount that you want back as cash. | ||