I have a large balance in Coinbase which I want to withdraw to buy a $600,000 house. I have very bad credit score . I also do not have proof of employment since I invested into Forex and Forex is my main source of income. Therefore, I will not qualify for a mortgage. Buying a house with cash is much prefer and simple method by sellers. After earning enough from Forex, I want to buy a house with the earnings I made in Forex. I have transfer my earnings from Forex into my Coinbase BTC wallet. Now, I plan on withdrawing large amount into my bank account so that I can buy a $600,000 house. Will there be any problems or delays between Coinbase and my bank when withdrawing large amount?
First, you should transfer your bitcoins to Coinbase Pro so you'll pay much lower fees when you sell.
You'll want to request a higher withdrawal limit. You can do so on the "Limits" page per these instructions. After a few 4-figure withdrawals, Coinbase Pro automatically raised my daily limit to $50,000 so it should be easy to attain a higher limit.
Good luck, and congratulations on the house.
