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Title: So if I wanted to cash out 10,000 BTC where would I do that? Post by: superside on April 05, 2013, 09:10:16 PM All in the topic
Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: holy_cow on April 05, 2013, 09:14:22 PM At an BTC exchange.
Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: superside on April 05, 2013, 09:15:28 PM That's like saying if you want to buy crack go to a crackhouse
Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: holy_cow on April 05, 2013, 09:17:29 PM That's like saying if you want to buy crack go to a crackhouse Sorry I didn't know you were looking for a high scale, lives on the 102nd floor type of crack dealer. Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: willson on April 05, 2013, 09:18:25 PM mtgox.com, if you want to cash out instantly with 10k, you will get between 142 and 132
Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: superside on April 05, 2013, 09:21:57 PM Doesn't mtgox have a 100btc/$1000 limit per day
Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: tosku on April 05, 2013, 09:24:09 PM Doesn't mtgox have a 100btc/$1000 limit per day On withdrawals, yes. You can sell all your BTC at once, and then withdraw $1000 every day for a long long time. Maybe there's a monthly limit as well? If you verify your account, the limit is higher. Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: willson on April 05, 2013, 09:25:28 PM https://en.bitcoin.it/wiki/MtGox
"MtGox imposes a $1,000 USD limit for withdrawals per 24 hours and a $10,000 USD limit for withdrawals per month with most non-verified accounts. Bitcoins withdrawn are counted toward this limit as well and the USD value is calculated at the market rate at the time of the attempted withdrawal. Customers that have been Verified have higher limits and customers that have Trusted status have limits even higher[8]. Any account-to-account transfers made also count toward this limit as well. Requests for higher withdrawal limits may be submitted by email For higher limits for withdrawal of USD funds, email: aml@mtgox.com For higher limits for withdrawal of BTC funds, email: btcupd@mtgox.com" Good luck Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: willson on April 05, 2013, 09:26:26 PM Also, http://bitcoincharts.com/markets/mtgoxUSD.html the bottom graph might be useful for you
Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: superside on April 05, 2013, 09:30:53 PM Sweet, thanks guys.
FYI, I don't have 10k in btc I was just interested. Not trying to destroy the value just yet :) Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: EastcaostSix on April 05, 2013, 09:31:02 PM Mtgox if you want the highest dollar value.
Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: strikegold on April 05, 2013, 09:32:31 PM wow! wish i had a luxury problem like this ;D
Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: PachucoBro on April 05, 2013, 09:32:42 PM I would get on a plane and fly to you and we could both walk into a local branch of my CHASE bank and we can get this deal done in an hour or so.
The rate would be at $113.60 USD. Where are you located? :o Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: PachucoBro on April 05, 2013, 09:34:41 PM Mtgox if you want the highest dollar value. Actually at the moment if you sell 10,000 BTC at market price then you would get down to $133 per BTC which actually is not that bad and it would happen instantly. Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: superside on April 05, 2013, 09:35:37 PM haha, sorry guys I only have about 800 btc right now. This was just curiousity
Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: willson on April 05, 2013, 09:41:21 PM Pachucho, play eve online?
Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: PachucoBro on April 05, 2013, 09:44:13 PM Pachucho, play eve online? Yup! Would I know you by another name? Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: casascius on April 05, 2013, 09:44:33 PM If I had 10k btc I wanted to cash out, I would post an offer to sell it in exchange for a wire transfer. I'd offer a notarized agreement to deliver and to use an escrow of the buyer's choice.
This method works. Done it in the past (when 10k btc was worth much less). Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: willson on April 05, 2013, 09:50:33 PM Pachucho, play eve online? Yup! Would I know you by another name? Unlikely, just saw the old eve avatar, I've been playing since 06 Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: howzar on April 05, 2013, 09:52:40 PM You can use a verified highest level Mtgox with a big daily limit (you need to attach some documents but that shouldn't be a problem)
after that you can withdraw the rest by bitinstant through there multiple methods. Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: reactive4ce on April 05, 2013, 09:55:52 PM Doesn't mtgox have a 100btc/$1000 limit per day On withdrawals, yes. You can sell all your BTC at once, and then withdraw $1000 every day for a long long time. Well the fees would be huge, and I believe if you did just few such right under $1000 withdrawals in one week, your account would be frozen and you would have to validate - you know these anti terrorist/laundering laws... Title: Re: So if I wanted to cash out 10,000 BTC where would I do that? Post by: casascius on April 05, 2013, 10:03:52 PM If I had 10k btc I wanted to cash out, I would post an offer to sell it in exchange for a wire transfer. I'd offer a notarized agreement to deliver and to use an escrow of the buyer's choice.
This method works. Done it in the past (when 10k btc was worth much less). |