Which exchange for cashing out more than 100 BTCs to a company bank account?

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Quote from: mattbellme on January 02, 2018, 09:18:32 AM

How much money does bitstamp allow you to withdraw? Is there a limit?

https://www.reddit.com/r/Bitcoin/comments/6bzh8k/anyone_know_what_the_daily_withdrawal_limit_is_at/dhu6t7w/

kraken has clear limits. bitstamp doesn't. you'll only find out what they are when they freeze your ass and demand your first born before releasing any money.

mattbellme

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How much money does bitstamp allow you to withdraw? Is there a limit?

alyssa85

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Quote from: ArmorySegWit on December 29, 2017, 09:51:54 AM

Hey guys,

I have a company bank account and I would like to cash out around 150 BTCs to that bank account.
Which exchange would you recommend for that action?
Important should be the liquidity, I don't want to move the market with my sell. And the duration of the verification process and what they want to know for KYC.

Is Bitfinex good?
And I would like to know, if possible, from which country the wire will come.

Thanks in advance

Bitfinex is having withdrawal problems as regards fiat. I don't think they've managed to enable withdrawals for months.

Stick to exchanges like GDAX or Gemini (if you are American) or Kraken or Bitstamp (if you are in Europe).

cybersofts

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Quote from: LeGaulois on December 29, 2017, 12:55:12 PM

Bitstamp and Kraken are the only exchanges I would recommend. Considering you are all good with verifications there is no problem to sell and withdraw such amount. Of course, don't do all in 1 shot, do it during several days, better safe than nothing.
Coinbase is not so good as people like to say, and Gemini I don't know so I can't comment on it

Quote from: pugman on December 29, 2017, 10:37:28 AM

https://localbitcoins.com is the best you can get. It has an escrow you'll get your funds first from the seller and only then you will release the escrow. However, 150 BTC is not a small amount so you'd have to make multiple trades but at the end you shouldn't face any issues. Even if you do, you can file a support case, localbitcoins is very much supportive I have heard, so give it a try.
Do not use bitfinex, if you're doing, you're doing so at your own risk. You can use coinbase too, it's the biggest crypto market for buying and selling.

There is no use for a company or the average Joe to sell 150BTC on a marketplace like localbitcoin. it's a crazy thing to do. No one will ever buy 150BTC and with all scammers there it's just a stupid idea. We are talking about over 20 million dollars, not a $10 banknote.

Definitely GDAX and Bittrex. I see you forgot to mentioned that. Gdax and bittrex are among the very few of the biggest bitcoin exchanges in the world that i personally used and know for sure they can do such very huge transaction.

beerlover

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Quote from: pugman on December 29, 2017, 10:37:28 AM

For your safety, https://localbitcoins.com is the best you can get. It has an escrow you'll get your funds first from the seller and only then you will release the escrow. However, 150 BTC is not a small amount so you'd have to make multiple trades but at the end you shouldn't face any issues. Even if you do, you can file a support case, localbitcoins is very much supportive I have heard, so give it a try.
Do not use bitfinex, if you're doing, you're doing so at your own risk. You can use coinbase too, it's the biggest crypto market for buying and selling.

I have not withdrawn as much as 100 BTC before but I have withdrawn a lot at once before and the saving grace was remitano and localbitcoin. I had to use these two being a P2P exchange that I can make use of in my country and it was swift. Most of the other normal exchanges have limited to what you can withdraw in fiat and I am very sure you may not be able to get as much as that from any of those exchanges.

I doubt if there would be any exchange that can do that easily. The best the OP can ever get is to make use of localbitcoins. Most of the exchanges are regulated and they have limit to which you can withdraw monthly, not sure about the exact amount but they all do. Therefore, the only way to go is to do direct with a buyer who is ready to buy enough from you.

nokati

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sell at some on localbitcoin, some on diffrent exchanges..... DONT SEND THEM ALL TO ONE EXCHANGE!

criptix

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stamp and kraken, if you are tier 4 verified it should be very quick and without much hassle.

btw. i personally would not look for private sellers - im way to scared of the 5$ wrench nowadays.

the artful bodger

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Quote from: player514 on December 29, 2017, 03:27:59 PM

Quote from: Deeyoh on December 29, 2017, 10:31:34 AM

Any of the big exchanges could do it easily. Bitstamp, Bitfinex (although I think they have big problem lately), Coinbase, Gemini. For over 100 BTC in 1 go. I'd probably look for private buyers myself.

Private buyers might be a better idea honestly. If you use a big exchange, you're probably going to end up being faced with significant fees. I know Coinbase is pretty bad with those fees especially if you're in the US. They take a significant chunk. Also, for most part, the exchanges have been doing a pretty bad job at keeping up with the traffic they've been getting. It's probably just a better idea to stay away from them in general.

You can find private buyers through the itbit OTC market. The itbit exchange acts as an escrow between you and a buyer. This link explains how the system works.

https://support.itbit.com/customer/en/portal/articles/2261915-how-to-start-trading-on-the-itbit-otc-agency-trading-desk

ArmorySegWit

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My company is in Belize and is a pure Crypto-Currency-Trading company.
Belize does not care where the money comes from and I can proof Bitstamp some logs from Poloniex.

I guess I will choose Bitstamp, thanks guys.

TERA2

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Every couple years bitstamp sends me all the kyc questions 'where did you get all these coins' , 'how did you find out about bitcoin', 'what do you do for work', 'are you a terrorist', etc. I just have to give them the same answers every time like ' i r leet trader' and some trading logs from Poloniex and its all good. Problem is they might be backed up right now.

dothebeats

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Bitfinex? Lol try another exchange. A lot of issues have been linked to them lately and I wouldn't trust even 1 BTC with their platform atm. You're better off doing business with Coinbase, Bitstamp, Kraken and Gemini. If you don't want to move the market that bad, you need to get your coins in all of these exchanges and offload them simultaneously. Or better yet, find a private buyer that meets the market price so you'll not get ripped off.

audaciousbeing

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Quote from: ArmorySegWit on December 29, 2017, 09:51:54 AM

Hey guys,

I have a company bank account and I would like to cash out around 150 BTCs to that bank account.
Which exchange would you recommend for that action?
Important should be the liquidity, I don't want to move the market with my sell. And the duration of the verification process and what they want to know for KYC.

Is Bitfinex good?
And I would like to know, if possible, from which country the wire will come.

Thanks in advance

Any of the big exchange sites can conveniently do it without any issues. I saw a transaction yesterday that was way more above that amount but it went through. But don't don't think you can pull that off without doing some serious verification because that is way a high amount.

Your concern should be the law surrounding the country your account is domiciled because that his where I see issues some banks are mandated by law to report an amount above $10000 to the authorities and if that will be the first time such amount will be entering that account, be ready for some form of explanation to make because its not going to just go away like someone moving $5000 we are talking about over $200,000k that's huge.

European Central Bank

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Quote from: player514 on December 29, 2017, 03:27:59 PM

Private buyers might be a better idea honestly. If you use a big exchange, you're probably going to end up being faced with significant fees. I know Coinbase is pretty bad with those fees especially if you're in the US. They take a significant chunk. Also, for most part, the exchanges have been doing a pretty bad job at keeping up with the traffic they've been getting. It's probably just a better idea to stay away from them in general.

it's not fees that should stop anyone, it's the possibility of funds being frozen. the exchanges are a twitchy bunch of guys and places like bitstamp hit you with ass probes when you drop large amounts even when you're already verified.

player514

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Quote from: Deeyoh on December 29, 2017, 10:31:34 AM

Any of the big exchanges could do it easily. Bitstamp, Bitfinex (although I think they have big problem lately), Coinbase, Gemini. For over 100 BTC in 1 go. I'd probably look for private buyers myself.

Private buyers might be a better idea honestly. If you use a big exchange, you're probably going to end up being faced with significant fees. I know Coinbase is pretty bad with those fees especially if you're in the US. They take a significant chunk. Also, for most part, the exchanges have been doing a pretty bad job at keeping up with the traffic they've been getting. It's probably just a better idea to stay away from them in general.

European Central Bank

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you're not gonna get a worthwhile answer until you tell us what country you're in.

i wouldn't dream of attempting to extract dollars from bitfinex. i'm not sure whether it's even possible again yet.

if you qualify then the gemini daily auction might work. you'd better check carefully every exchange's limits. some won't let you take out that much in one month no matter what you send them.

wuvdoll

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Quote from: ArmorySegWit on December 29, 2017, 09:51:54 AM

Hey guys,

I have a company bank account and I would like to cash out around 150 BTCs to that bank account.
Which exchange would you recommend for that action?
Important should be the liquidity, I don't want to move the market with my sell. And the duration of the verification process and what they want to know for KYC.

Is Bitfinex good?
And I would like to know, if possible, from which country the wire will come.

Thanks in advance

100BTC is a huge amount of cash right now and I doubt if you may really see an exchange that would allow a huge withdraw like that as some of them have limit that you can take out in fiat per month.

All the above, except for P2P exchanges, that may be the only easy way this can be done and even the transaction cannot really be done without trusting who you are transacting with or someone with a good reputation. Depending on where you are, localbitcoins or remitano can be of help.

LeGaulois

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Bitstamp and Kraken are the only exchanges I would recommend. Considering you are all good with verifications there is no problem to sell and withdraw such amount. Of course, don't do all in 1 shot, do it during several days, better safe than nothing.
Coinbase is not so good as people like to say, and Gemini I don't know so I can't comment on it

Quote from: pugman on December 29, 2017, 10:37:28 AM

https://localbitcoins.com is the best you can get. It has an escrow you'll get your funds first from the seller and only then you will release the escrow. However, 150 BTC is not a small amount so you'd have to make multiple trades but at the end you shouldn't face any issues. Even if you do, you can file a support case, localbitcoins is very much supportive I have heard, so give it a try.
Do not use bitfinex, if you're doing, you're doing so at your own risk. You can use coinbase too, it's the biggest crypto market for buying and selling.

There is no use for a company or the average Joe to sell 150BTC on a marketplace like localbitcoin. it's a crazy thing to do. No one will ever buy 150BTC and with all scammers there it's just a stupid idea. We are talking about over 20 million dollars, not a $10 banknote.

pugman

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Quote from: ArmorySegWit on December 29, 2017, 09:51:54 AM

Hey guys,

I have a company bank account and I would like to cash out around 150 BTCs to that bank account.
Which exchange would you recommend for that action?
Important should be the liquidity, I don't want to move the market with my sell. And the duration of the verification process and what they want to know for KYC.

Is Bitfinex good?
And I would like to know, if possible, from which country the wire will come.

Thanks in advance

For your safety, https://localbitcoins.com is the best you can get. It has an escrow you'll get your funds first from the seller and only then you will release the escrow. However, 150 BTC is not a small amount so you'd have to make multiple trades but at the end you shouldn't face any issues. Even if you do, you can file a support case, localbitcoins is very much supportive I have heard, so give it a try.
Do not use bitfinex, if you're doing, you're doing so at your own risk. You can use coinbase too, it's the biggest crypto market for buying and selling.

Deeyoh

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Any of the big exchanges could do it easily. Bitstamp, Bitfinex (although I think they have big problem lately), Coinbase, Gemini. For over 100 BTC in 1 go. I'd probably look for private buyers myself.

ArmorySegWit

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Hey guys,

I have a company bank account and I would like to cash out around 150 BTCs to that bank account.
Which exchange would you recommend for that action?
Important should be the liquidity, I don't want to move the market with my sell. And the duration of the verification process and what they want to know for KYC.

Is Bitfinex good?
And I would like to know, if possible, from which country the wire will come.

Thanks in advance

Topic: Which exchange for cashing out more than 100 BTCs to a company bank account? (Read 270 times)