How do you convert your crypto/USDT payments to USD/fiat?

[Sherlock]

There are no problems with banks in Latin America yet towards moneylaundering harassing. Because here are so many problems with everything and banks too. 1st problem is that the banks do not open accounts easily to anyone. 2nd is that the NEO banks are abundant, but they all have very limited limits (like few thousands USD/month), so they are unusable for anything else than groceries. But banks here are generally happy for cash, because it is not like in Europe, where ECB prints money and donates it to banks.

The model with p2p payments in Europe is just asking for troubles... not that it is not usable, but the middle man will be sooner or later caught, because likely he has no licence and then all the parties involved will be in trouble, because at least some do some hard crime and everyone involved will be linked to it.

In Hungary and now even in Slovakia, both EU countries, were and are introduced taxes of turnover of bank transactions. Yes, companies/in Hungary anyone, who pays for anything, must pay a tax on the top. Additional taxes are for cashmachine withdrawals. Slovakian companies that want to make bank accounts abroad, must report it and pay the tax even from transactions from abroad.

So this is how digitalization made our lives richer. In the good old times was enough to have money and pay.

[leannamadden]

Generally in Eastern Europe the government still use pen and paper so it should work. Although you still need to have some sort of a reason to use in front of authorities to receive $50k A DAY. I assume you break it up into many small transfers, but still. What do you write on the reason for this bank transactions? Don't banks in Asia care about anything? I need to move there

[casinobonusguy]

I see the title says USDT , we have no issues getting bitcoin into Canadian bank via coin square but USDT is a problem ,Coinomi use to be reliable to swap USDT to bitcoin then to coinsquare but a couple months ago things stopped working.

[Sherlock]

I see the title says USDT , we have no issues getting bitcoin into Canadian bank via coin square but USDT is a problem ,Coinomi use to be reliable to swap USDT to bitcoin then to coinsquare but a couple months ago things stopped working.

USDT to BTC is a major trading par everywhere. Kraken, Bitfinex, Binance to name the most reliable ones. Coinomi is a wallet, is not it? So you are not exchanging at coinomi, but at some third party that you have no control over and you pay some markup. The BTC/USDT should be with 0.2% fee, possibly zero if you have turnover.

At any of exchanges it is possible to change USDT to USD/EUR/fiat, but usually it must be done via other crypto par like USDT->BTC-> EUR or USDT->ETH-> USD. At Kraken, which is imho the most secure crypto exchange (who will became a bank soon), there is even USDT/USD par. Bitfinex has it as well, but banking fees at Bitfinex are high.