Structuring is the practice of conducting financial transactions in a specific pattern calculated to avoid the creation of certain records and reports required by the Bank Secrecy Act (BSA) and/or IRC 6050I, Returns relating to cash received in trade or business, etc. (Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business)
https://www.irs.gov/irm/part4/irm_04-026-013It's also related to
smurfing:
explanationin crypto universe, some innocuous action could look suspicious. For example, if your withdrawal limit is $7000 (just some random number below $10K), but you want to withdraw 35K, you would have to break that 35K in several pieces, which looks like structuring or smurfing, but in fact it is just an innocent person trying to withdraw a chunk that is much bigger than his limit.
Therefore, I always say: increase your limits. Do it now and not in the middle of the blowoff top-it might be too late then.
The only question is-what is realistically achievable? Perhaps,making your daily limit equal to your yearly income is something to ask for.
Of course, if you keep the bunch on the exchange, they will (or, rather, should, if you ask) give you a daily limit at least equal to that.
