Post
Topic
Board Bitcoin Discussion
Re: Converting bitcoin to fiat without problems
by
Pandorak
on 28/05/2024, 12:40:54 UTC
Also, make your transactions staggered not one time big time transaction. If you can make it on a daily/weekly basis, much better. I have had the same thoughts before and what I did was I converted my btc to fiat at different time intervals, not on a daily basis though. Use exchange platform that is reputable, and if you will use your local exchange, better make sure you submitted legit docs. Don't give them reason to freeze your account for some carelessness.
Try also to check binance p2p, there are so many sellers/buyers who have high limits. But again, don't do it one time. Intermittent transaction is much better to avoid those prying eyes.

I have never made a large withdrawal so it never occurred to me to make transactions gradually as you said. But now that i think about it your idea is not a bad idea. And one more thing regarding Binance P2P, make sure to choose a seller/buyer who already has a good reputation, my friend was once cheated there even for a small money.

The right solution. Instead of having to use strategies a and b, we just have to be busy and spend money over and over again, where the final goal is how BTC can be converted into fiat and entered into our personal accounts without many questions from any party.

100% Cool