I've been out of the loop for many years now, and have decided to sell some of the bitcoin I've been sitting on for those years.
I've got upwards of 10BTC to sell, and intend to withdraw my proceeds as Canadian dollars. The biggest issues I see for this size of transaction are (a) withdrawal fees, and (b) daily/monthly withdrawal limits.
I don't want to extract my money over the next three months or so, and I also don't want to pay enough in fees to buy a new motorcycle.
Any recommendations on where to start?
10BTC conversation will required large liquidity, I'm not sure if you are going to get a good rate in a decentralized exchange, that's more than $700k worth of Bitcoin and that will even raise suspicion from your bank if you have a deposit worth of $10k above but if you want to do it the centralized way, you can sell it in any of the centralized exchanges but you know that it comes with a risk of KYC. If you are ready for that, then you are eligible to withdraw maximum of United state dollar of 100k, which you can convert through your bank withdrawal but if you want to use kyc and your bank account can take such amount with out any problem, theb use any of the centralized exchanges and he fees are low.
In 7 days, you should be able to liquidated 10BTC without any issue but it will be better if you leave atleast 2BTC on your wallet, you never can tell you know ajd you don't know what tomorrow holds just like the way you had the opportunity today to see Bitcoin trading above $70.