Author Topic: Exiting crypto large amount - cash out to fiat (Read 1530 times)

bambam · « **on:** January 09, 2018, 09:08:25 AM »

Quote

Let's say, hypothetically, I have 10 million dollars worth of crypto and I decide to cash out to fiat. What is the best way to that? First of all, what strategy would you use to exit your alt positions? You shouldn't just dump a couple of millions at once, of course. And then when you have the BTC, how to cash out? Kraken, Coinbase and other exchanges have fairly tight limits. It could take many months or even years to transfer your money to your bank account. And all the time your money will stay in the account which is pretty unsafe of course...

OTC trading
Local bitcoins

any other suggestion ?

Altcoins Talks - Cryptocurrency Forum · « **on:** January 09, 2018, 09:08:25 AM »

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QlooQl · « **Reply #1 on:** January 09, 2018, 10:55:31 PM »

Take a trip to one of the Eastern European countries that don't tax bitcoin?

jatinjax · « **Reply #2 on:** February 24, 2018, 01:20:54 PM »

india has started taxing crypto converting to fiat 15% tax

cryptothief · « **Reply #3 on:** July 25, 2018, 09:32:45 PM »

With that sort of volume, I'd probably look at making some property investments with the Bitcoin, then maybe rent them for a decent monthly income. The tax will catch up with you one way or the other though. It's a 'nice' problem to have, but unfortunately I doubt I'll ever have it. I'm staying well within the limits at the moment and it's not through choice.

altcoingamer · « **Reply #4 on:** July 26, 2018, 06:10:16 AM »

OTC markets makes the most sense.. may take some time but when youre talking that much capital even 1-2% is a lot... I really have no other suggestion since anything you do on an exchange level is gonna be tedious or cause a lot of slippage.