Well, it depends on what you want to do with the money.
If you want to spend it on daily life costs, you can use debit cards connected to your crypto wallets (BTC, BCH, ETH…) or even to your stablecoin wallet (USDT, USDC…) in case you want to get rid of crypto volatility against fiat. Coinbase provides Visa cards connected to your crypto wallets. You can simply move some money there and spend it anywhere. If you Google “debit card crypto” you will find different providers out there.
The solution above provides more privacy than moving money to a bank, since they will not exchange so many information about you and your finances as banks do (banks are basically spies for the tax authorities).
If you move 5, 6 or 7 figure amounts to a bank in any developed high tax jurisdiction, you may get into trouble over time, and in many cases, it’s the typical trap that triggers the alert to the tax authorities to claim a part of the cake.
But, if you really want to take money out into a bank removing your tax burden, I would suggest:
- Open one or multiple bank account in non-CRS jurisdictions (Georgia, Albania, Montenegro, Cambodia…).
- Transfer there relatively small amounts randomly every month ($3k-$6k).
- Spend it over time with debit cards. Avoid using ATMs unless extremely necessary.
- If you have large sums of money, try buying real state with crypto.
Note that the safest way to spend your crypto money is by staying in the crypto world as much as possible.
Fiat money ecosystem is controlled by governments and bullshit AMLs regulations, which they will always want to steal the money from your pocket, so even if you use “safe” bank accounts, there is always a risk over time if you don’t take conservative decisions and fly under the radar, which depending on the sums involved, it may be complex.
Good luck with the crypto spending!