I'm finally looking to exchange a few of the BTC I've been holding on to for the last few years as I need some money for a new startup.
I've registered and verified an account with Bitstamp and made a test SEPA withdrawal for just under $2000. Everything went fine and I received the funds in my account.
The sum I'm looking to withdraw now would be around 1 million USD. Since the average balance and transactions of my bank account have never really exceeded a few thousand euros, I'm worried about setting off some alarm bells.
Has anyone had experience with this? Is there anything I should be aware of to avoid any hassles?
I've had problems in the past with bank accounts being frozen since i travel constantly and send money worldwide regularly. It was some anti money laundering measure they had in place and I had to convince the bank that I was really just sending funds to myself for living expenses abroad. Took nearly three months to resolve that last time and I would like to avoid this if I can!