Last Bullrun cashing out was hard. First you had exchanges locking up new accounts from Being created, and then accounts had like 100-1000$ per week limits for months. Then we also had the issue of Banks locking accounts with deposits from crypto exchanges.
Im trying to make an account on them all now and get limits raised. Got my coinbase raised to 100k per day limit. Made an account on Coinfloor and did a 2k deposit(UK exchange) Thinking of signing up to Bitstamp, Gemini and Binance.je
Any other services that may be vital come time to cash out 30k Link? Im also wondering what banks to use etc so they dont fuck me And lock the account if i deposit 100k even if im going to pay tax
Getting a high coinbase limit, and properly verified KYC'ed accounts there and a few other large exachanges should be enough.
You don't have to cash out-out, anyway. Just well to fiat when you think is right and can withdraw over time (or buy back in 24hrs later when it keeps going up and then lose everything, kek)
Ryder Roberts
Pretty much got that. 100K USD per limit daily on Coinbase, and account maturity of 5 years. Coinfloor i did KYC but account is around 1 year old and only ever did 2,000 GBP deposit. I guess one more would be ideal. Gemini is looking like the next best KYC exchange.
Advice to newfags is to get this shit in order NOW, because in peak bullrun its impossible to open exchange accounts, KYC, get limits increased or doing anything.
Caleb Russell
the fact that OP is "gearing up" for the bullrun is proof that it absolutely will not happen.
we are way more connected even now than we were during the last bullrun. most people did not make their money from $1 to 20k (20,000x return); they made it from 3k to 12k (4x return)
the crypto space is so diluted that the cash has no reason to flow into BTC. its going to crash and literally crab for the next decade. prepare accordingly.
Alexander Roberts
im starting to wonder how im going to cashout with minimal fees from my ledger->exchange?->fiat and also how im gonna re-accumulate afterwards despite purchase limits everywhere while also tackling the capital gains that comes from the sell.
Cameron Morris
Sign up for many good exchanges now. Hopefully all your coins will be listed o nthem so you avoid making multiple trades to cash out.
Link for example is on Coinbase and Gemini for USD. That means 1 taxable trade. If your account is matured, you have a history and KYC, and you request limit increase you will be fine, but you gotta do it now.
You just made me wonder about tax though. If i were to immediately swap an alt coin to BTC, then BTC to my countries fiat, will that be extra tax even if it is literally just to cash out?
Jayden Thomas
You have a year and 7 months to plan
Aiden Williams
i believe you are not taxed on that btc to alt transaction as long as the alt didnt increase in value in the mean time.
i have kyc on 2 "good" exchanges, about 50k/day withdrawal altogether. but what im worried about more so is the purchase limits when i plan on reacclumulating, they're like 1500 a day and only so much a week (coinbase and crypto . com)
Joshua Reyes
I mean if you do it fast i guess it wont, but its extremely likely it'll go up a fraction of a percent.
Samuel Wood
Coinbase purchase limits are usually much higher than that.
Maybe it's limited on debit cards, but with a Bank account it is a lot higher.
Benjamin Rodriguez
>> last bullrun cashing out was hard
not for me lel
I had 3 exit points tried and tested before the moon. Anyway one of the best ones is Kraken
I am just tier 2 ( lowest of lowest ) verified. daily maximum withdraw limit is $500 000 the next tier is $10M daily
thank me later for telling.
Jaxon Hernandez
Bitstamp is also good and reliable by the way.
Joshua Perez
I also didn't ever have any limits you mentioned. maybe they were bullying americans again. seems like your rulers are very focussed on keeping yall hard working and poor.
Blake Wright
Bitstamp last i tried a couple years ago wanted scans of my fucking bank statements, and a utilities bill.
NO other exchange requested that. Really was a pain in the ass even if i didnt mind doing it so i never got around to it.
Brody Sullivan
>> what is KYC.
lmao
Dominic Scott
Peak wont happen for another 3 to 4 years, ffs. You have time.
Jaxson Robinson
>or doing anything.
This made me laugh out loud, it shouldn't because I want crypto to succeed, but the even the best exchanges were flaming piles of shit during the last peak. It was legitimately retarded.
My heart would skip everytime an account said my 2FA didn't work/wasn't verified etc and it was just congestation fucking up the networks everytime. Hopefully, that isn't the case AGAIN.
Lincoln Nelson
Coinbase never wanted that shit and neither did Coinfloor, both KYC'd me with passport or driving liscence
Samuel Price
if have have witnessed the previous cycle and still fuck up this one you sholud just exit crypto. Also, the exchanges have all prepared for massive amount of load next time. instant scaling plans in place. ( the good ones atleast )
Lucas Long
Is Coinbase offering Link/Euro also?
Brayden Ross
have 5000 LINK in coinbase, if they get to $20 each ill exchange for DAI on coinbase since i have a $10,000/day withdrawal limit
Ryder Edwards
Your a young tard if you think were going to hit ath in 2 years. Youth is just that.... tarded. I huess everyone starts that way.
Grayson Bennett
Yep this is why i want to ditch my American citizenship.
Ethan James
I wrecked the previous cycle like a boss, I entered literally as a late adopter, one week into December. I bought Deep Brain Chain 10x'ed my money sold everything 3 weeks later, except a small LINK stack. I DCA'ed from that point on. I have almost 4 yr Coinbase account 50K Daily withdrawal. I'll probably make a Gemini account now, and maybe KYC for Kucoin. That should be enough.
Samuel Robinson
This
Adrian Stewart
Why do you want to cash out user? I get hedging with stablecoin but why cash out?
The world will be built on blockchain and smartcontract, and you're already in it. As it matures you'll be able to spend money with it (actually you can right now). I know I'm not using my crypto until then, it's side money for me.
kraken is basically a cash out exchange. they have a shit trading engine
Elijah Richardson
>Your
Logan Murphy
Is it possible to "cash out" in stablecoin? Can an exchange put some restrictions? What stablecoins are most reliable?
Julian Taylor
im wondering this too, can i cash out into a stablecoin and put that in cold storage until its time to buy again? stablecoins worry me especially with all the government talk against them
