You:
1. Selling crypto for USDT on CEXs while being KYC'd.
2. Swap to USD in order to withdrawal to bank account.
3. Proof of income, residence, origin of funds, you will provide the CEX with anything they ask you for.
4. Finally withdrawal goes through, you wait a day or two until it is in your bank account.
5. At the end, you'll pay taxes on it.
Me:
1. Swapping crypto for USDT via self-custody wallet and DEX or exchange aggregator for enhanced privacy.
2. Selling USDT for USD via OTC with a fee of 1.5%, deposited into my Cambodian bank account.
That's it. Done. ~15 minutes.
Not possible for U.S. citizens!
Nobody will ever ask you for Proof-of-Residence, the origin of funds, or any other bullshit that you know from western banks.
This is Cambodia 🇰🇭🙏
All info regarding the remotely opened Cambodian bank account on (including F.A.Q. at the bottom):
My first choice for swapping XMR to USDT?
--> @TrocadorApp
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