Selling used mining equipment is completely legal, but it is important to do it transparently.

How to do this? We talk about it in our section #LeoPravo.

Here are a few steps that will help you avoid unnecessary questions from the bank and the tax office:

Conclude a purchase and sale agreement.

Write down in it who is selling, who is buying, the ASIC model and serial number, as well as the transaction amount. Signatures of the parties — and you have an official document that everything is fair.

Pay by bank transfer.

Transfer money to a card with a payment purpose. This will show the bank and the tax office that the money came legally.

Save your documents.

Keep the contract and the transfer statement in case of questions — this way you can quickly prove the purity of the transaction.

A few formalities — and you can safely sell ASICs without the risk of falling under suspicion. Legality is not difficult!