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Joined January 2025
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fyi this only works if you don’t take the misery with you.
One day I'm gonna leave this miserable city and never come back. nitter.cf/stilmej/status/2112580…
this is very true. not long ago i was walking a few blocks home and some high school kids were on the same path, a few steps behind me. bruh, i straight up forgot how to walk. idk how but i was even trying to calculate the time and space required for each step so i didn’t look weird. absolute buffoon.
solid guide.
How to reduce taxes using crypto
(Bookmark this)
1. Non-custodial crypto payments
- Money goes wallet → wallet
- No bank involved
You decide when and how to report.
Popular apps:
BTCPay Server
- Self-hosted
- No KYC
- 0% platform fees
Blockonomics
- Bitcoin only
- Direct to your wallet
- Simple for online shops
CoinRemitter
- Supports BTC, ETH, USDT, and more
- No KYC
- Auto-withdraw to your wallet
2. Lightning Network (offchain Bitcoin)
- Payments happen outside the main blockchain
- No public payment history per transaction
- Very fast and cheap
- Hard to trace individual payments
Used for:
- Freelancers
- Online services
- Small daily payments
3. Privacy coins (onchain privacy)
- Transactions don’t show sender
- Don’t show receiver
- Don’t show amount
Main ones
- Monero (XMR)
- Zcash (ZEC)
4. Self-hosted = no third-party reporting
- No company collecting your data
- No automatic 1099 forms
- No exchange reporting your activity
But:
- You still own the legal responsibility
- You keep your own records
5. Countries where crypto taxes are low or zero
No capital gains tax on crypto
🇦🇪 UAE
🇶🇦 Qatar
🇧🇭 Bahrain
🇸🇬 Singapore (if not trading as a business)
🇵🇦 Panama (foreign-sourced income)
Crypto friendly / low taxes
🇨🇭 Switzerland (private investors)
🇵🇹 Portugal (long-term holders)
🇨🇿 Czech Republic (long-term exemptions)
6. What usually does NOT trigger taxes
- Receiving crypto as payment
- Holding crypto
- Paying someone in crypto
- Moving crypto between your own wallets
Taxes usually trigger when:
- You sell crypto for fiat
- You run a registered business
- You are legally required to report
7. Common mistakes people make
- Thinking “no KYC” means illegal
- Thinking privacy = tax fraud
- Using exchanges when they don’t need to
- Not understanding their country’s rules
Use crypto smart and live in the right place.
pump.fun disagrees
i see we are once again in the “so easy even dumb mf’s be making generational wealth”.
I was quite literally born to be one of those dumb mf’s. Lets. Fucking. GO.
Just made 5M in 72 hours. These were all hypothetical trades I made in my head so no real money but I think it still counts.
