Quote from: aardvark15 on October 14, 2017, 06:22:45 PM

Quote from: bearinbowl on July 30, 2017, 03:58:42 AM

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.

This scenario also came to my mind earlier.

Well no matter on which country you're in how are you going to liquidate this much of bitcoin without alarming banks if what is the source of your funds?

liquidating 1 BTC is easy but if it reaches 10 grand a piece then banks might question you about it. Or is it better to sell it to other people personally?