Post
Topic
Board Exchanges
Re: Withdraw Large Amount in Coinbase
by
gentlemand
on 23/12/2019, 12:52:13 UTC
It is a large amount, the chances for his account to be frozen is high, even if his account is verified there is no guarantee that his account won't be frozen. P2P is better, it will make his life easier and he can avoid unnecessary actions like giving valid documents or so on. If OP does not want to do P2P then the only choice he has is to split the funds and do not withdraw it as a whole.

I genuinely don't think I've ever seen a thread about Coinbase freezing accounts and demanding more info. They just close you down and tell you to take your money and go away if you don't meet their unspoken conditions. You won't be allowed to play in the first place if they don't have everything they want from the off.

Bitstamp is the king of fucking their customers that way. If I had that much in Bistamp I'd be vomiting with anxiety.  


You can find people in your local board mate or people in your country who is into crypto, ask one by one who is willing to trade funds from btc to fiat, it is a long process but if you are afraid of the process of submitting documents then you have no other choice, just be careful and avoid scammers, you can ask them to do bank transfer or meet ups, and you will send the btc to their coinbase/btc wallet, it is up to you.

I don't understand why anyone would willingly up their risk by several million per cent unless there's no alternative whatsoever. There are plenty. I'll say it again - investigate proper OTC brokers. For considerable amounts they're a much better idea than any exchange, let alone dealing with several hundred random fuckheads on here.