Post
Topic
Board Exchanges
Re: Withdraw Large Amount in Coinbase
by
Juggy777
on 22/12/2019, 11:31:31 UTC
I live in the USA and I have been fully verified with Coinbase. I am limited to $10,000 withdraw per day. I have withdraw small amounts to my bank before with no issues. But I am concern if my withdraw will get frozen if I withdraw $10,000 per day so that I can buy the house. I am not sure if withdrawing $10,000 per day will consider structuring since bitcoin is not cash but the bank will definitely file a SAR report since $10,000 keeps on appearing into my account everyday. This is my first year of trading and I do plan filing a tax form on my Forex earnings. I will definitely ask my bank and a tax accountant about it.


@yangk23 since you’re already verified with coinbase you should not have any problem in withdrawing to your bank account. Now about your bank I would advise you to get smart, and withdraw different amounts each time you put in a withdraw request from coinbase e.g. $5k or $8k something like that. Another option for you is to use local bitcoins and receive money from buyers in Fiat this way you won’t face any issues with your bank.