Bitcoin Forum

Hi everyone, yesterday i made a sale and the buyer paid me using bitcoins. I have a coinbase account and i made a sale of 30k. Now i realise that i am only able to withdraw $3000 weekly. this is going to take me 10 weeks. i am worried by that time the price for bitcoins will drop as well.

What other options do i have now to withdraw the bitcoins quickly? And advise will be appreciated alot.

that is an account you have on Coinbase website and you have to abide by their rules, so if they restrict you to withdrawing $3000 only weekly then there is nothing you can do. i am not familiar with Coinbase rules but if they let you withdraw more in bitcoin then convert and do that but you won't have fiat if that is what you want.

you can contact their support and see if there is any way of increasing your limits. sometimes these exchanges/services have some special things for people who for example make and extra step for their verification.

I don't know if there are ways for you to withdraw more on your Coinbase rather than that 3000$ weekly but you may try to atleast sell your bitcoin through paypal and there are some people who do can exchange your bitcoin into paypal funds on Currency Exchange board like zazarb and other trusted member. (Remember always trade only to trusted members since paypal can be reversed)
You may withdraw your money now through PayPal.
I don't have this problem since in Philippines you can withdraw your bitcoin through Coins.ph and Rebit without a limit.

I'm quite sure that you can convert Bitcoin to fiat and not withdraw it.  As a merchant, you'd probably want to just convert it to fiat straight away and withdraw it over a while since you know you'll have the same amount of money.

If you can't wait for that, the only thing you could really do is keep the Bitcoin in a Coinbase wallet, then send to other "reputable" exchanges (all exchanges are slightly shady right now, but you could do Bitstamp and Kraken) and withdraw from those as well which would speed up the process a lot as well - don't try deposits to BTC-E or Bitfinex, they're not accepting them right now and might not process withdrawals again for a long time, if ever.  Same applies to Chinese exchanges, you picked a bad time for exchanges.

Your other choice is LocalBitcoins which is a peer-to-peer exchange.  If you did that you could do a bank transfer in person or take cash, but there's always a slight possibility of you getting scammed and since you don't have any reputation on the site a lot of people won't want to do deals with you even though cash transfers require less trust.