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Title: How responsive is Bitstamp to large cash withdrawals? Post by: Blinken on May 28, 2016, 12:28:21 PM Is Bitstamp a good place to sell a large amount on? By "large" I meaning doing cash withdrawals over $100,000
* Does anyone have experience doing a large cash withdrawal? * How long does it take? * Did they hassle you or ask unexpected questions? * Did they delay the process for no obvious reason? * Did they require any information beyond what would be required to do a wire transfer? * What currencies were they willing to remit in? Title: Re: How responsive is Bitstamp to large cash withdrawals? Post by: alyssa85 on May 29, 2016, 04:52:38 AM Bitstamp is quite rigorous with KYC requirements (meeting American standards rather than the lower European standards, even though they are based in Europe). This is because their primary pair is BTC/USD and they have to be careful with all dollar dealings.
The bigger the amount you are withdrawing, the more questions they ask. Big withdrawals typically need a senior person to sign the withdrawal off, and that takes time, because senior people are generally pretty busy with other stuff. Is there some reason you need to withdraw such a large amount in one go rather than lots of smaller amounts over time? Title: Re: How responsive is Bitstamp to large cash withdrawals? Post by: crazyivan on May 29, 2016, 06:00:44 AM Is Bitstamp a good place to sell a large amount on? By "large" I meaning doing cash withdrawals over $100,000 * Does anyone have experience doing a large cash withdrawal? * How long does it take? * Did they hassle you or ask unexpected questions? * Did they delay the process for no obvious reason? * Did they require any information beyond what would be required to do a wire transfer? * What currencies were they willing to remit in? +1 If you cannot provoide proof where you coins originated, it ll not work out for you. Bitstamp s very careful about AML and KYC policies as they should be. Scammers and ponzi operators should be shot in spot. |