Author

Topic: Depositing 3 Million GBP in BTC into a bank account (Read 145 times)

legendary
Activity: 4438
Merit: 3387
The big exchanges are big enough and liquid enough for someone to sell bitcoins worth $ millions over a short period of time. Gemini has an auction twice per day.
member
Activity: 258
Merit: 12
Someone on LinkedIn posted the following message:

“I need a bank account to put 3 Million pounds of Bitcoins money through in fiat currency from a LTD company.”

This matter was on my mind for a while. How does those rich on Cryptocurrency paper manage to cash their wins? Clearly, there are people facing this dilemma already.

Any solutions?

DISCLAIMER
I’m not facing this problem, not even close.  Wink
They have connections thats why they can easily cash it out unlike us normal people we dont have such connections,probably most of these whales are connected to some financial institutions like wallstreet and CMEs,thats why they dont have problems liquidating most of their cryptocurrency holdings.
newbie
Activity: 51
Merit: 0
Someone on LinkedIn posted the following message:

“I need a bank account to put 3 Million pounds of Bitcoins money through in fiat currency from a LTD company.”

This matter was on my mind for a while. How does those rich on Cryptocurrency paper manage to cash their wins? Clearly, there are people facing this dilemma already.

Any solutions?

DISCLAIMER
I’m not facing this problem, not even close.  Wink
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