Bitcoin Forum

Guys, where is best place to get 1 milion € out from BTC?
I need money inside europe!
Is kraken better then bitstamp? Or any other better?

If you had a million euros worth of bitcoin in sure you would already know the answer to that question so I call bullshit.

kraken has some limit, 25k daily aand 200k monthly, even with verification, bitstamp should have higher verification, but they are much slower and higher fee for withdraw

Make an account at kraken and if you apply for a business account I am sure you can push your limit even higher.
But 1 exchange won't be enough. For this amount of money deal with reputable exhanges only; kraken, bitstamp and bitfinex f.e.

Bitstamp and Bitfinex have higher limits for professional traders. Your account needs to be validated offcourse but if you send your ID etc. you are sure to have a million euro back in fiat within a week.

If you have such a big amount of money to turn into fiat you better use 3-4 exchanges. Else you won't be able to convert in a reasonable time period.
Make an account on the bigger exchanges mentioned here and verify your account. The use the daily cap to convert your coins into fiat.

With kraken Tier 4 you have a monthly withdrawal limit to fiat of 500k
Withdraw (fiat)      $500,000.00

Daily this is:
Withdraw (fiat)      $100,000.00


Tier 4
Individual High Value Account or
Corporate Account

I got a corporate account the procedure is quite simple. Just sign up and apply for tier 4 by providing several documents.

The best place is still selling on localbitcoins.com in my opinion. You can avoid paying tax if you sell there.

The rates are really bad and what you can avoid in tax you pay in btc price!

Is this some joke? He have one million $ in BTC and he doesn't know hot to cash out? Hmmm i doubt in this, or u just showing yourself to others how rich u are (this is even more unbelievable).
Anyway there is ways for sure, a little bit here and there.. but im interested can this amount move market? And how?

If I had the answer perhaps I would not be spending my time here, and perhaps this is the same condition of most forum members. At least as a millionaire I would not participate in signature campaigns!  :D

Kraken is probably the best exchange within Europe.

Simply invest in altcoins. Although they are mostly a gamble right now, they are extremely profitable if you look at them, and study and predict well. I personally am too lazy and unlucky to work with altcoins, I just work with bitcoin trading.

You cannot have in any place 1 million euro from your bitcoin (if you have those). Any exchange cannot offer such amount with the same price. You can change those gradually and various exchanges without creating a big dump of price and don't having in such way even your million.

All those will make you feel sad after wake up from your bed when you have wondered such dream. Because in the wonder you felt yourself as a king with all that wealth in your money. While after the sleep you find yourself with only with possibility to open this thread with you fantastic post.

Anyhow wait because someone will give for sure your wanted answer.  ;)

very risk, i would invest only in the well known altcoin, like dash, monero, litecoin, and doge, and maybe ethereum, the other it's like a dice game

Are you nuts? There are very few alts with enough of a market cap to be able to put more than a few thousand into without driving them mad. That's just as bad as gambling.

In this thread. You're only guy posted correct answer for his question.

If he know how to accumulate so much of bitcoins than he should be knowing how to liquidate those coins as well. But still asking this kind question means, it is surely a bullshit topic.

Where are you located? There are some pretty good local exchanges in EU and it could be beneficial if you use them, as they don't always require full validation (if that is your concern).
If you seek anonymity BTC-e is good choice I think. Or you can use some large exchanges like kraken.

This is a very big transaction. I think that its better to use more than one exchange, and you will need to verify your id, you can't take out these amount of money anonymous.

The best thing you can do is, you can make different accounts on different trustworthy people's names, give them some commission for using it and get your EUROs transacted either way through exchanges online or Localbitcoins could help too...

Just curious, would like to know why are you redeeming your fiat from BTC at this point when you know halving's going to take place and we might see some huge jumps ahead???

Well, there have been histories of super early adopters which were clueless about Bitcoin and happened to buy a ton of them just to buy some weed in Silk Road or something along the lines. They forgot they had the Bitcoin, then they find out years later and are clueless about it since exchanges didn't even exist back then.

Say what did I just read that good you want to convert your 1 million to bitcoin, :O Oh man I don't know where.
Just do 1000 dollars a month or just wait a little bit when bitcoin is dropping or something.

Speaking about Litecoin, who thinks this coin will ever go up in the future? I still hodl a few of 'em :) don't know what to do.

I can help make cashing 350,000 € . Where are you from ?

Litecoin is pretty dead in my book... their social networks seem to be pretty abandoned, Litecoin reddit is somewhat active but no one really cares about the coin anymore beyond the occasional pump and dump. I guess it will always have the network effect of being "the original altcoin" so potential big pumps aren't discarded.

I don't think people announce on forums they have a million handy - on a forum of technical people  ;D

seems dead but at least it's among the notorious ones, so it should hold up some value even in the future

True. I think i'll just hold them even though it's not much, you never know. :)

oh wow thats a lot of money i must admit a little bit strange that you did not think about it before getting that much bitcoins though i believe that you could try trading through several exchanges as most of the have the limits what would make it impossible to get that much money

That's a lot to spend on bitcoin. Sounds unreal to me that you have that much money to spend on bitcoin. I'm sure that if you really had this that you would know what and where to buy bitcoin.
If not, I would suggest not to buy at only 1 place, it's too much to spend all at once, best to spread it.

guys guys you all are taking wrong, read the OP message carefully, he is asking to cashout btc not investing in btc, before replying just read the message properly, just for campaign post dont post wrongly, he want to cashout his btc worth 1million pound.

if he is real then i think till now he would have got so many suggestion, but one i can give is dont go all in in one shot from which country you are you have to check about legal issues and tax problem, because high transaction are getting notified by laws.

Doesn't really matter, same advice still applies.

Don't cashout at 1 exchange, spread it over several ones. Even if OP does wants to cashout, he's going to run into tax issues no matter how much you're going to cash out. It will eventually come down to the same amount of taxes that he's going to have to pay in the end.

it's good to take profit from it at every halving, them dump and forget, i would do this strategy with litecoin and other similar strong altcoin

Is it the strategy that everyone should follow???
If yes, then how will we get the "stability" that always we talk about???
Also, who will be interested in a "pump-dump-n-forget" type of currency, where the future of that currency is uncertain and in the hands of those who are just to make money on it???

We'll see where the price goes after the bitcoin halving coming July, I know I don't have much reason to believe in LTC atm, but I have a feeling it's gonna have a good kick in the future.

the stability it's only a concern for bitcoin, not for altcoin that does not offer anythign new and are not accepted as bitcoin is

1 million is just to much if you want to convert it to 1 bitcoin. If I was you just better to just do 10.000 euro to bitcoin.
Just to be safe if it is your first time converting your euro to bitcoins. But is not my money so do what you want.

Yeah I'd have to agree, most altcoins are so unstable at the moment, you could end up losing a big chunk of that investment.
And to answer OP, go with a reputable exchange, Kraken should be fine and contact their support.

Ask if you could Skype with someone and try to come to an arrangement that way.

I wonder if you can use the bitcoin directly. If you want to buy expensive thing from seller, you can ask the seller if he accepts bitcoin.

People are really hoping for this to happen. They will save their Bitcoins so they can sell them later on in the future and become millionaires. I do not know how big the chance is of this happening.

1 milion €? Really? Even if you have that money I beleive you know that such a large some can't be placed somwhere unspotted.

did you even bother to read more than only the thread title? i guess not. op is talking (i think trolling) about him looking for a way to cash out €1 million worth of bitcoins. and that's it.

This is not happening and people still think that it is possible. It is very unlikely to gain 1 million from Bitcoin. We have to stay realistic here and focus on what could happen. 

Yeah I do not why people think that this is possible, the chance is so small that this is going to happen. If it is going to happen you have to wait a long time minimum 20 years or longer.

I don't think there is any life threatening situation the require exchanging 1 million EUR from BTC. With so much bitcoin, and with the urgency in changing them back to cash, sound quite fishy.

The first question will be "where did you get your BTC from?"- legal or illegal?

No where there is no 1 million dollar bitcoin I do not know where people get this information from but it is just not true. If you think realistic you should already know the answer.

Yeah there is no such thing as the one million Dollar Bitcoin. Keeping your hopes up for nothing because it does not exist. Be a bit more realistic and focus on the real Bitcoin price.

If you answer that they are legal, then the second question will be how to prove it.
Sadly i did not find a bank that can understand blockchain analysis. Maybe Fidor bank might be the one, but they open accounts only to Germans.

It's so unreal, it's not even can be truth in theory really. I think bitcoins top price point will be around 10000 dollars but it will not be soon.

You cannot find this Bitcoin if it existed then I believe that someone already had found it. So please do not get your hopes up for this because you will never be able to get it. Focus on what you can get because that is real.

The op didnt said he won 1 milion euros he said he wanna cashout from bitcoins to fiat its possible,if he had invested around a huge ammount last year the bitcoin almost has doubled its value soo why not ,sure the question here is stupid as he can easy use kraken ,poloniex or another trusted company soo why to ask if is at the crypto world,makes no sense.

Bitcoin will not reach that high value and that is because there are still a lot of people that is getting more profit with the coin now but it is not rising now that fast and it takes also a longer time.
And that is bad for the people who is waiting for the value because you need really patience for it.

This is not going to happen because it is just high of a price maybe over 50 years it will be possible but not now. It is way to soon for us to talk about millions.

i think its better then bitstamp because you need to do it secured. Don't know how many coins
you are talking about but one million is allot.

The best thing you can do is, you can make different accounts on different trustworthy people's names, give them some commission for using it and get your EUROs transacted either way through exchanges online or Localbitcoins could help too...

Just curious, would like to know why are you redeeming your fiat from BTC at this point when you know halving's going to take place and we might see some huge jumps ahead ???

For the people that say that if you have that much money, he should know ways in how to do this.. I don't agree. Sometimes people find themselves with tons of money, and they have absolutely no idea how financial stuff works, for example, some kids have developed apps that are worldwide success and become super rich and have no idea how money works, same for the people that get rich from stuff like youtube, or some geek that mined very early on for fun.. there are lots of possibilities where you can find yourself wealthy without much knowledge about finance.

Yeah I agree this is just not happening the price is just way to high. That means that the Bitcoin has to be extremely rare and that almost nobody is going to have it.

The million dollar Bitcoin is not going to happen if you believe that this is going to happen any time soon then something is wrong with you.
Lets be realistic that way we will come allot further.

I am not getting my hopes up for this, If you get your hopes up for the million dollar bitcoin then I wish you much look because you are going to wait a very long time. Maybe even forever.

That is a lot of money and that can be nice because if it will rise reach that high value than there will be also a lot of people that is going to make profit and that is nice.
The only thing is that you cant change what the value will be and that is the problem of the Bitcoin.

Lol there are many kind of things you should try maybe you can invest coins in something that offers you a good
pay back its not illegal. Or invest them in something you think will never fall down and slowly slice your money out.

obviously the amount of money you have is directly related to your knowledge on everything

I think the fast act of judgement is a bit naive.

You dont know where they come from, this can be some kid who got inherited with their money and know informed.

I have heard rumors about the one millions Dollar Bitcoin but I know for sure that that is not true at all. It would be something if it was true but whenever something is to good to be true it most of the time is to good to be true.

The chance is really low that it will reach that high value and that is because you also can see that it was this year stable for a long time and many people dont like that.
And there will be now a time that it is going to rise for a long time so we can sell it soon.

People keep talking about the one million Dollar Bitcoin but we all know that it does not exists. Why would you get your hopes up for some unrealistic story like this.
You should focus on what the price really can be in the future.

Do you really think that you are going to gain one million dollars from Bitcoins? I wish you the best but you have to stay realistic and I think that now is not the time that we can make one million from Bitcoins.

That is not possible to reach that high value and that is the problem because you need also to wait for a higher value and that is really important.
But it will reach later a higher value I think and that is nice if that is possible.

That depends on the time scale. I believe the bitcoin price will doulble every year, so in 12 years, the price could be 1 million.

that's not even what this threat is about.

Did you actually read OP or are you just typing something that vaguely responds to the threat title?

Yes you can get several individual buyers and it would be safe to sell your coins in parts to many users than selling it on one exchange

 If you use the Poloniex, Coinbase or Gemini, it is very safe to do the trading. It is better than the localbitcoins.

I am dreaming of something like this to happen in the future but I am not putting my hopes on this because I believe that the chance is small of something like this actually happening.

Nowhere there is no place where you can earn an one million Dollar Bitcoin so do not get busy searching for it because you will not find it.

If that's true its really difficult to cash out as a whole. So with the limitations provided by every exchange go for it and cash out. But it takes longer time.

Kraken has greatly increased its transactions. But to sell your bitcoins and that amount you should think well before. What is your country? You have to explain where did the money? If you bought 1,000 bitcoins when he was worth very little as you will now come up with all that money if you have not declared to the government?

I do not believe that the Bitcoin price is ever going to be one million Dollar because if that would happen to many people would become a millionaire at that point.
Not that that is bad thing but it just seems so unbelievable.

I dont know what you mean with this ropic but what i know is that the bitcoin will never hit the milion dollar each bitcoin.
Because if he will do that there are allot of people millionair with the bitcoin and that cant happen because money is everything for big people in this world.

To cash out the 1M Euro, you need to have several accounts for transactions and that you also need to trade for several days to convert all that into fiat. The stringent regulations on fiat won't allow you to convert all at once. otherwise the big brother will be watching over you.

We know that we are never going to see the Bitcoin value at one million Dollars because that would mean that the Bitcoin is really rare. I know that some people hope for this to happen but it will not.

Yes, the only state that it becomes 1 million dollar is when dollar loses its value otherwise we cannot expect so many millionaires.

Its not just a rare situation, its also a impossible one.

Or more like the world market has to plunge into the gold market 1st and then if the gold market cant support everyones gold then thats when people start heading towards silver, then bitcoin.

You aren't reading well the topic as I see ,the op wanna or asked the best place to exchange his or her coins to euro,meaning he has several bitcoins and isn't for sure talking about one single bitcoin being worth or being traded for 1 million.
Its impossible to believe into op because no one  would expose their portfolio and with such stupid question, is the same as win lottery and ask unknown person in the street where they can claim the prize.

Use paypal exchange bitcoins to dollars first then  deposit it in your visa atm card. After that withdraw that in the bank and exchange it with euros. THough  the surecharges are big but  small enough compared to your withdrawal. But before doing anything else you must do some further research if there are bitcoin sites that exchange bitcoins to euros instantly.

You cannot get a 1 million Dollar Bitcoin because it does not exist, I do not know why you people think that you are going to find it.
With Bitcoin you will have to stay realistic because otherwise you are going to hope for miracles.

I know that the price is not going to be 1 million because it is just way to high, if the price is that high almost nobody can buy the Bitcoin.
You will then have to be a millionaire to be able to buy them.

It depends on the fact that if the bitcoin will be the number one reserve currency in the world. If it is, so that is possible.