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Withdraw of large amounts

  • 13-01-2018 1:19am
    #1
    lifeandtimes
    Closed Accounts Posts: 2,021 ✭✭✭


    Just thought I'd ask here as I can't see and answer anywhere

    Say one of your crypto that you go into from the start make a you a massive amount, say in the millions

    Obviously you need to transfer it too one of the main cryptos and then change it to euros but how do large amounts get done?

    Coinbase themselves have 100k limit on euro accounts which would take 10 days of transactions, how do the millionaires get their crypto back to euro and to their bank account?


Comments

  • #2
    h0neybadger
    Registered Users Posts: 321 ✭✭h0neybadger


    I’ll let you know how I do it. ;)


  • #3
    soirish
    Registered Users Posts: 713 ✭✭✭soirish


    Bitstamp offer cash out in gold.


  • #4
    lifeandtimes
    Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    soirish wrote: »
    Bitstamp offer cash out in gold.

    Interesting, so you can trade your crypto for gold, which is cool but where are you going sell a few gold bars for cash?

    I guess I'm asking as an example, you made 100 bitcoin which makes it just over a million on binance, where could you then transfer that million to so you could withdraw to your bank account in one transaction? Like I said coin base only do 100k from that wallet a day

    Any exchange offer the option to transfer to euro?

    Or maybe we need a bank to get on board to accept transfers of crypto to a bank account and exchange for the equivilant in euro


  • #5
    Bandara
    Registered Users Posts: 3,282 ✭✭✭Bandara


    lifeandtimes wrote: »
    Interesting, so you can trade your crypto for gold, which is cool but where are you going sell a few gold bars for cash?

    I guess I'm asking as an example, you made 100 bitcoin which makes it just over a million on binance, where could you then transfer that million to so you could withdraw to your bank account in one transaction? Like I said coin base only do 100k from that wallet a day

    Any exchange offer the option to transfer to euro?

    Or maybe we need a bank to get on board to accept transfers of crypto to a bank account and exchange for the equivilant in euro

    Merrion Gold in town, Cumberland Street around the corner from the Alexandra hotel


  • #6
    Zab
    Registered Users Posts: 1,931 ✭✭✭Zab


    bitstamp have no limits


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