Post
Topic
Board Trading Discussion
Re: How to get paid for my 600 BTC?
by
whirlcoin
on 06/06/2018, 16:44:17 UTC
A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?



Getting money from someone in another country is going to be risky. I suggest that he gradually sell those Bitcoins on localbitcoins or some other site that allows cashing out.

If he insists on selling to someone in China, then he should do it in parts. Just send a small amount and wait for payment before sending another small amount. Do this until it is all sent. It could take a long time, but it’s safer that way.
Even localbitcoins is also not suitable to sell for huge amiunt of bitcoins as once we have to do many trades to sell them.But I think this is a biggest negative of crupto field if a big investor want to cashout the process is not easy.