Woah, spend a night offline and my question is filled with useful advice!
10 Bitcoin is not an amount that you can cash out using P2P without raising suspicions.
It is about $700,000, and of course if you start receiving this money from multiple accounts that you have no connection to, your account will most likely be closed or frozen and you will be asked about the source of the money, especially if the total annual deposits to your account are less than $100,000.
The best solution is to search for KYC exchange services and pay your taxes legally, as it is difficult to hide this amount or to trade via cash with small amounts around $10,000 per transaction (70 times).
Thanks. I should have been clear that I have no intention of trying to slide this under the radar. Suddenly dumping a million CAD into a bank account will DEFINITELY raise the eyes of the CRA (and probably RCMP), and I'm prepared to own up to it - paying capital gains after maxing out my RRSP. (Also in Canada, anonymous exchanges are very hard to
I just don't think that $15k in withdrawal fees (1.5% at BitBuy) is reasonable; and I don't want to be logging in every day for a third of a year just to withdraw it. (AND I want to avoid scams, since they change frequently, and as I said, I'm out of the loop these days.)
So, given that I'm willing to identify myself to an exchange, are there any specific recommendations on exchanges that meet the above criteria and operate in Canada?