Re: Liquidate 100+ BTC to USD in the States - Cheapest Way?
Hi guys,
What's the best way to sell 100+ bitcoins, in a period of, say 1 month?
It seems like most of exchanges doesn't allow withdraw for people the the State anymore.
Localbitcoin seems to too slow, online transaction with strangers are too risky..
Selling on an exchange and withdraw to offshore account seem to be a good option, but still tricky to get the money back to the State.
Any thoughts?
Just hypothetical, I don't have 100+ btc
What's the best way to sell 100+ bitcoins, in a period of, say 1 month?
It seems like most of exchanges doesn't allow withdraw for people the the State anymore.
Localbitcoin seems to too slow, online transaction with strangers are too risky..
Selling on an exchange and withdraw to offshore account seem to be a good option, but still tricky to get the money back to the State.
Any thoughts?
Just hypothetical, I don't have 100+ btc
You would probably need to split up all of the BTC over multiple transactions that don't alert exchanges to put ridiculous fees on the transactions. My prediction would be that getting all of that money out would be an ordeal that takes a lot longer than a month overall. It requires a lot of patience and forces you to hold even if Bitcoin prices are going down.