Post
Topic
Board Economics
Re: Liquidate 100+ BTC to USD in the States - Cheapest Way?
by
aardvark15
on 14/10/2017, 18:22:45 UTC
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  Grin

You could try Coinbase but if you don't have an account already with them it could take several days. You would need to provide them with identification and link to your bank account. If you are willing to do this, then it's relatively easy to sell through them in my experience.

Once you get all that set up, you put in a sell order and they deposit to you bank in a couple of days. I recommend doing a small sell first to make sure there are no problems. I also don't know if I would sell a lot at one time. I would suggest doing it over the course of a few months to a year or more if you are cashing out that much.