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Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

I wouldn't trust any if it were that amount. Too big. Unless for an emergency, i'd sell it little by little. Though big exchanges like binance, im sure, have insurances to make their users feel more secure. But as much as possible, i wouldn't want to create a stir by processing that kind of transaction. Well, that's just me since i haven't had that much amount before lol. I don't know if there's anyone here who had that kind of amount to give tips by experience.

the law cannot protect you. I think that at Binance this can be done without problems. they have huge volumes and reputation. you just need to do a high level of verification in order to withdraw money

I think doing that on the top few exchanges as you mentioned is not a problem for me. What is the reason you want to do that without something obvious or emergency? I better keep it as my investment in the future. But if there is something emergency I think withdrawing it gradually is the best way or if you want a quick way try to send your funds to several exchanges and you can withdraw it from each of those exchanges.

OTC is the best way to trade that huge amount of money. I'm willing to travel to deal face to face so that I can ensure the safety of my assets. Never trust exchange for that huge amount of money although binance have an insurance fund incase somethings wrong happened on there exchange. Also never trust localbitcoins escrow. Better to the trade face to face and let you and the oter party split the expenses for your travel fee.

Those three exchanges are having big volume and for 250k USD mass sell i think those exchange are able to handle it easy. And also the security of those exchanges are great so it's up to you.
And for the law, i think no exchange have a rule that they have a law for being scammed so just trust the exchanges because they earned more than 250k USD each week and i'm sure those exchanges won't scam you because those exchanges are the nest of the whales.

never get that much money in crypto form you can make sale in small pieces to 25,000 with 10x sales if you are in doubt ,as far as I know top exchanges like binance can be trusted and have never found the problem of undelivered withdraw

In that big amount i will divide it in multiple trusted exchange since i am not sure if i will able to widraw that amount in just one exchange even it is trusted . I will be affraid if owner of that exchange will question where my money came from and ending up locked my account.

do not hesitate to sell your crypto assets in famous exchanges, as you mentioned. if you want to sell a number or that much, look for a comparison where choosing a volume large enough, making it easier for you to sell your assets. maybe for the sake of security and rules of a country, there is a further level to sell assets of that size. because the exchange will be suspicious of that, as you know many crypto assets are misused like money laundering and other criminal acts.

If you do that I think you will start to creat a big problem because all we know that is so risky. If binance I will trust but not a huge amount of crypto. If you are thinking your security just forget it because you are not really secured because even government will nothing to do in terms of crypto scammed because crypto is not legal. So think well before dealing in huge transactions.

I think that such amounts are best to sell in the OTC market. if you have a connection you can find a good buyer. the main thing is to follow all safety measures so that you are not robbed

Binance is a good selection for huge transaction and I suggest 3 things for you to do since it's huge transaction and you might get compromise for that.

1. Gradually sell your coins today and by this you can assure and test if there's no issue will occur upon selling.
2. Create multiple account on binance and divide the amount you wish to sell.
3. Sell the amount you wish to dispose today and come back tomorrow to sell again.

Do not trust the exchange by any means even though they have a good reputation, nobody can give you a guarantee that you will not lose your assets when you trade it there.
Use the safest method to sell your bag by selling it little by little, even if the exchange blocks your account for no reason.
You still have some of your assets, I have experienced a sudden block from Bittrex and I learned from my mistake.

Binance is a trusted exchange but if you are too scared then do not deposit all the money at once, you can sell bit by bit until you sell it all, or use different top exchanges e.g send some to binance, okex, kucoin,huobi

You do not have much choice except to reliance, so the only place you can do this transactions are the exchanges. You should choose the most reliable of them. Or you can divide the amount. You can either deposit all money with a short time interval to one exchange, or divide all money between several exchanges. Already, you will not be offered the choice to deposit such a large amount unless you are corporative user.

I think we can expect binance, okek, bittrex and the other reputable exchanges here but first you have to give them kyc to give you special treatment.

These are the requirements of binance for their big traders.

Binance, Huobi, Okex I think it's safe, funds will be protected safely there if you make a transaction but for large transactions I don't think it can have a minimum amount, Are you sure you want to sell all assets directly? it's better to save the asset in a popular exchange.

That's too big they might question you for having that kind of amount, the best thing to do if you're going to ask me is not do it in one exchange alone you can use all these reputable exchanges  and do it in batches, you will incur a fee but you can keep your account and your money safe.

You can do that on the various major exchange site, and I would trust binance to do that. Last year I have used binance to sell my altcoin worth more than $300,000, and everything went very smooth, and i had not gotten any problem with my transaction. I prefer binance rather than okex or huobi.

The primary exchange site must comply with the regulation before these exchange sites can used fiat as trading pair, and that gives you more protection rather than use small exchange site. If you are still feeling worry about that and you can do that into some parts and I believe all of your transactions will be going very smooth.

I have used binance major exchange site to trade or exchange my coins so many times.

Unless you want to short it (in which case stable coins may be better option too), there are few reasons to sell such amount all at once.
And then you can sell some at various exchanges and at various OTC exchangers (including crypto prepaid cards).
And even then, it could happen that the exchange is fine and allows you withdraw, while the bank will start asking questions and even lock your account (and money).


I would exchange most of it onto card slowly, while spending / withdrawing.
Also keep in mind that there are more and more things you can buy directly for crypto.

https://talkimg.com/images/2023/05/18/blob1d2d3b9c1278d932.jpeg

I think binance can be trusted they also have a large exchange volume, if I have lots of cryptos I will place them on several exchanges, I will not bet all my funds in one exchange even if the exchange can be trusted.

Bitmex, Houbi Global, Bit-Z and Binance exchange is my top favorite. Any law can't protect you if visit phishing site and all of your cryptocurrency. Don't worry to exchange hacked because you don't hold you token in exchange. You have a problem to withdraw for big amount, so first complete KYC. After verified your account, you can withdraw all at a time.

Is it a must to sell it once in a day? moreover you can only sell coins that are worth over 5k with KYC on few exchanges so if you are not ready for KYC its better to divide the coins and sell few parts daily or spread on other exchanges if you can't wait

That's exactly what I was thinking, and I wouldn't send all of it at once to a single exchange.  I would probably use a few exchanges and only send about $2500 to each of them at one time. 

This is a valid concern by the way, and if op really has that much crypto he wants to sell he ought to be very careful.  I would trust binance primarily, and I'm not sure what other exchanges he might use because I don't know how many of them deal easily with fiat.  Coinbase might be good for another exchange, as they're pretty trustworthy.

That's a lot of money, op.  Good luck trying to unload all that crypto.

That's a huge amount mate and it's to risky by trusting just one exchange but I don't think it will be easy to exchange that kind of huge amount. Also, aside from being too risky much better you will able to invest some of it from a business which can have a good return as we all know crypto community is so risky that might suddenly down the market. In other hand, well if you try to risk it as a win or nothing situation and you are lucky enough and I think it's possible as long as you will accept whatever outcome may be.

I would suggest doing it in person. Use a trusted established localbitcoins trader and meet them for cash in hand
Of course even with a trusted trader on that site i would still be careful. Meet at a police station or somewhere really public
never know what a person will pull for $$$.  You can cash out 250k that way tho ;)
I wouldnt trust exchanges, they will lock your account and ask for KYC above a certain value, 50k or something :(

$ 250,000 + Crypto is a big amount in my opinion. Binance has a pretty good security and can do that many transactions even more. You must verify your account and activate 2FA dual security. But it's good you look at the market situation first, don't dump.

Selling a million dollars of crypto? I don't want to sell them all, it's risky. I trust the big exchanges like binance, but we never know in just 1 second the exchange will close, it can happen anytime. Bad timing for you if the hackers attack the exchange while you are processing to sell all your cryptos. Better to sell 20% of your cryptos in exchange and next 20% again until you sell it all.

That is way too big. I will feel uncomfortable every single minute whenever I am exchanging such amount though I won't be trying to exchange something like that in full amount. I will be cutting it little by little or in by certain amount. Though hassle but at least I feel more safer. That is way too good in the eyes of criminals man. I won't trust nobody when it comes to that.

He just said 250k+ and i think those amounts is nothing for big exchange like binance, i'm sure big exchange like binance earning more than a million each month so i think taking away 250k+ to close their exchange is sounds stupid. Many people are having more than a million worth of crypto on top exchanges so i think it's safe to sell or buy hundred thousand worth of cryptocurrency on big exchanges like binance

Wow! that's huge bag of cryptocurrency holdings, Imagine it was amounting $250K+ dollars plus, I think you can trust Binance in terms of exchanging that amount but be sure that you already submit your KYC requirements because that amount was already huge and if you are not submit any KYC its in danger to get complication while withdrawing it.

I haven't dumped that much too but i will expect the exchange will ask a lot from me besides the documents i have sent long time ago. Maybe they want it updated. They would be surprise by the amount since the previous transactions I'm doing is even just less than $1K. Trading altcoins just require few bucks so I can understand if they are going to recheck again my status and probably ask where my funds are coming from which I can't produce. SO they may just .old it until I can prove it. So bit by bit on different exchanges would work,

Yes, there were some exchanges who just have maximum USD to withdraw and if you are withdrawing a lot of your fund, they will begin to question it, or make our fund frozen, checking and investigating if there is legal activity from your part, so better to be very careful and to do KYC always, so next time they will question you, you have proof. And, don't always withdraw a lot, I have a friend who has been questioned from his income from trading up to now, they don't believe and his account still frozen, this is a local exchange.

Of course, for this I will entrust a large exchange. On the other hand, it's a different story if I want to make it fiat. Of course I will sell on the local exchange in my country. To be more safe and reliable. Apart from that, I will not sell it as a whole, certainly gradually. Due to limitations on withdrawals to banks from exchange in my country. Or I could just sell the rest gradually to crypto collectors who was verified. I think there are many ways to exchange it other than to large exchangers such as binance, kucoin, okex etc.

any problem as not we want can happen, we shouldn't 100% trust to exchange also dont spend your money in one place even you want to sell your big money. a lot of thing happened in the past when the exchange hacked or exit scam, we lose our money.

Usually top exchanges with huge money flows have no problem dealing with that much crypto if you are KYC verified users although that doesn't guarantee that the exchange might put a suspicion to your account and probably lock that down for investigation.
The anti money laundering things is quite the thing these days and we are forced to do some additional steps to prevent such a thing from happening while that might make everything complicated I do support the anti money laundering just to prevent crime. Maybe you should contact the exchange support first just to be sure. Handling big money is not as easy as people would think usually.

This eas actually somethig i was thinking about today. How will you sell that much money worth when i start earning big bucks? I woukd sorrsd it among many different exchanges and if i wanted to go to fiat ill use the local exchange.


I think a really big exchange is best. They have less reason to steal. A scammer that runs an exchange might see a massive deposite and decide to just shut down shop and run.

That is a pretty big amount in my opinion. Selling tokens/ coins in large quantities at one exchange in my opinion is not prohibited, maybe. But at least we must understand the rules first. If the demand for coins in the market in large quantities then you can immediately sell it in one click, but if the amount of each request is different, it is feared the price will go down quickly and even you will no longer get a target of $250,000, IMO.
You may be able to entrust your large assets to a large exchange such as binance, but know that you may not be able to withdraw all your money there if you reach the daily withdrawal limit.

In such a case, the best thing to do would be to withdraw the funds from a trusted exchange little by little.
It's not wise to dump a huge amount all together instantly at one place.
The amount should be split and used at continuous intervals whether it be exchanging from one coin to another or withdrawing it to fiat.

if you don't believe in crypto exchange it will be hard to start your trade. You must find an exchange with your analysis to find the best and you can trust. some people will see large trades that run on trades and don't forget the exchanges that have a good security system. it can provide a little peace of mind to store and trade your assets. but if you have difficulty then ask for opinions from your friends that they trust exchange for a large trade.

First of all if I had millions in crypto I wouldn't sell everything. This can be a real fortune one day and you should never burn bridges behind you and forget about an investment that brought you these millions.

If I had to sell I wouldn't do it in one go so that I don't fall through supports and crash the price. Why sell first million for 9,5k and the next for for 8k when you can sell it all for 9,5, right? You just have to go slow.
The best way to sell large quantities is OTC trading. Get someone to buy this in private and you'll do it the safest way possible.

I will definitely trust an exchange for that amount of money as it provides enough liquidity to us for selling our bag and not dumping the price of the coin that we are selling.
Whereas in case of p2p trading I would think twice before that large amount of trade as the person can run away with your money or can scam you in some way, so you should be cautious,as I have been scammed many a times for some large amounts of money.

I would prefer to use OTC for large investments and also to also have a look at the regulative environment.  :)

I wish I have millions of crypto too, but if I do have, and it is already worth million dollar now, then I won't wait for long, I will definitely sell it immediately, if that coin becomes higher after I sold it, I won't hesitate and won't say that I shouldn't sell it, because we don't know what will happen in the future, so I will just sell it and use it for traditional business as well as invest some properties.

If you want to sell a huge amount of crypto worth 250,000$, Binance should be your best choice in my opinion. Well, to reduce risk if you are skeptical, I will advise you do that in parts, say 50,000$ five times and not all at once. Also ensure your account is verified to highest level before the transaction.

Binance is really the best choice when you are about to sell a huge amouny of crypto that are worth $250,000 because binance is the biggest cryptocurrency exchange in the whole world in terms of trading volume, so there are no possibilities that you could get scam or lose all of your money from it because you can trust this exchange.

If I would have such amount I will not engaged it in exchanges, there might be someone here in the forum whose also willing to buy it , I have read before looking for buyesr or seller for bulk amount of BTC, depending on how the agreement of both parties it can be possible or in your country who might do transaction face to face to know him personally.

No one tries to scam you because your crypto is placed in the exchange wallet that is safe and not accessible to hackers. And if it is lost due to the negligence of the exchange you can complain and get it back to you when it is proven to be lost due to their negligence.

Binance Houbi and Okek are reputable exchanges so your funds put into their exchange are definitely safe, All you have to do is obey their laws so that your funds can be well protected. Because the exchange you mentioned is not responsible for the loss of your funds due to phishing, viruses and other things that could lead your funds to be stolen.

I doubt the law can protect you especially in that condition but hey , don't do it , sell your bag in small parts , 1 at time in multiple exchanges ...don't rush to sell it all at once. If that is someone idea , to sell all his bags at once if he hits 1mil$ in 1 coin or multiple coins , don't do it!

Personally I would deposit small amounts , convert them into Bitcoin and withdraw even if it takes me 10 days in order to prevent to be scammed by exchange ...patience wins the race in the end. I would also not sell all my coins into 1 exchange... .

Binance and OKEX can handle huge amounts like 250,000$ transactions worth of crypto. You can as well divide the amount into three and sell in parts. Some whales do more than that amount of transaction on Binance, hence I don't think there is any reason to be skeptical. Well, I would have preferred if there are decentralized exchanges capable of handling such huge amount, DEX are still having issues with trading volume.  

What must to protect if you have much money you can sell on exchange market have bigger volume transaction for buying order, you have looking which one exchange market have big volume transaction to sell your coin, if you find with exchange market less buy volume you can't sell your assets, but Binance is best choose for selling your altcoin because have many buying order transaction.

You need to do it on exchange and do not underestimate some of these exchanges, some of them deal with million of Dollar, but if you don't want to raise duct, just scale in and out of exchange, like move your asset in $20k to like 5 major exchanges, sell and move your money and repeat these process until you have sold all

The first is to ensure whether the coins are available on the exchange to sell.
Second, the amount is too much and it is very risky. If you need immediate funds or cahs, it is better to divide the amounts into several big exchanges, not only one. It will be useful to avoid losing or minimize risks.
Second, if you don't need the cash immediately, I will suggest you make a step-by-step selling token or coins.

This is a big question and of a truth due diligence and carefulness have to be employed. In my own opinion, is won't trust any exchange with such amount. But to sell that, I will sell it in badges no matter how long it takes. They said patience is a virtue, thus will be patient and sell gradually till am done. Also, to quicken it, will sell in different exchanges.

Having enough funds to finance your investment is a good thing but not that much. A large amount of capital does not guarantee a large or proportional amount of profit. In this industry, everything can go up or down so, it will be not wise to invest all of those money in one place. If you truly wish to invest all of that amount, divide it and distribute it to each coin that you think has the potential to grow even further in the future.

The amount is too high and it is better to allocate the money into several cryptos to reduce the risk of losing too much. One coin can fail but at least the others can pull up. If I'm going to be asked, most of the money will be invested on btc, then the strong coins in the ranking, and the new coins in the market (some IEOs). The variety in the profile of your coins should be kept because you have a lot of funds but be sure to keep track with all of them.

I will still trust the great exchangers like you mentioned above. Because for us maybe it's a very large number. However, for them it is only a small part of the transactions that occur every day in their market. They already have a very good track record so far. So why are there any doubts?
Even if we have a large market, we are doubtful, it means that we are not suitable to be in the crypto community

all exchange do you listed are good exchange, those are trusted exchange in this cryptocurrency
if you wont sell on those exchange, so where will you sell it? i think nothing can to do
you maybe wanna sell on DEX, but we all know that DEX just has low volume. it doesnt have good liquidity
so, one and only one you must sell to CEX

Do with your own risk. Regarding security, it's better to use the decentralized exchange, there are many choices, Binance is one of them. You have to understand the risks, so it's easier for you to prepare for prevention. This is where it is important that you understand cryptocurrency well, especially if you involve large amounts of money, this should make you more concerned about doing research, and not just rely on the opinions of others who are more subjective. Use and apply investment principles such as "don't put all your eggs in one basket", "never invest more than you can afford to lose", because cryptocurrency is quite risky, where you cannot depend and blame it on anyone.

This is a very large sum. I wouldn't sell the whole amount at once. I think it would be better for you to divide it into several parts and sell it gradually.

Binance is trusted exchange existing into the world of crypto currency no need to worry for that mate, but of course I do not like to blame you, I advise wfor you do not sell your crypto coin in a single transaction if are worrying to your investment to become lose. And aside form bunence you swll your crypto in a different exchange with have reputatiin example I recommend is poloniex, Hitbtc, kurcoin etc. just research first what exchange the best to use in your location.

I will trust an exchange little bit but will ensure I have a cold wallet and keep dumping it small small till I clear off everything but not to save all on exchange.

Some other sites also have some sort of tiered verification system that limits how much you can transact or withdraw at one time or within a certain timeframe, so make sure you're properly verified on whatever reputable exchange(s) you're choosing to use beforehand. Certainly do not use any sort of exchange that seems shady in any way, and stick to ones that are reputable and have been well-established. I've done relatively large withdrawals and transactions through exchanges like Coinbase Pro before with very few problems.

I would also suggest using limit orders to scale out to save money on fees if you're trying to cash out a large amount of crypto and if you've got time. Market orders usually cost quite a bit more than limit orders, so take note of that.

Do you want to sell for fiat? If yes, then you have no other option but to verify your identity and even then I will not trust any exchange to give your money, you have to sell your coins in a slow way, that way if the exchange ask you even for more information they will only have access to a small amount of your holdings, it is not the most efficient method but it is the only way you can cash out such a huge amount of money in a short amount of time.

If I were you I don't plan to sell all in one shot. I will sell in some parts and we have to trust the exchanges where we will sell our coins. All 3 exchanges you mentioned are good exchanges but personally I will give more priority to binance for the huge amount of transactions. I have more trust in binance.

I do agree, dividing the crypto that you will sell in the market is much better than selling it all at once, all exchanges that has been discussed is trusted exchange, but it is better to avoid the risk.
It is also to avoid being questioned if he were to convert it on fiat, some banks may question and freeze the fund if legal documents was not submitted.

To be sincere, this is a huge amount and must be handled with all carefulness. Considering the fact that risks abounds I think it is far better splitting the money across most top exchanges and selling as small as possible. No exchange is trustworthy or safe, we only try our best to play along. So split your funds across various exchanges, it's better that way.

Considering the popularity of big exchange such as binance, I think it is enough to trust it. It is true that with this huge amount of money, we should be careful. However, if we talk about the big exchange, I will trust and will risk my money, binance has been using by many crypto traders, I can't imagine that by using binance its user will encounter any issue.

I think there are not enough for an exchange market to buy your million dollar asset of coin, because have limited maximum assets for trading and selling on exchange market, although you separated with many exchange market but not enough for selling your coin, you have sell step by step of your billion coin, maybe sell with half your money assets first.

The highest amount of bitcoin i helped sold was 10k and i sold them at once on binance, i think its one reason why binance compulsory KYC for traders, when your amount is too huge you have to go through KYC, i trust binance unlike other exchanges

So many big players have already believed in binance. binance has a very good reputation and that's a suitable place for OP to trade his money. Some people may still get some issues with binance but just report your problem if you are getting some technical problems. I believe binance support will fix it asap.
What we should remember to verify our identity will be a better idea consider about if we have lost access to our account and we can recover it.

Its a huge amount so you have to be extra careful when selling it.

It would be better to not go all in and sell it by portion in reputable top exchanges.

But you have to abide in their kyc to be able to withdraw your money in maximum amount as possible and choose a high level of security to make sure your account is safe.

Yeah it's better to sell it by portion because when we do direct sell with more than 250k USD with the same price, i'm sure our order won't executed instantly because the buy order with the same price is not enough to process the order. And if we do an instant sell we'll experienced loss because there must be lower buy order that we executed and our sell price will go down.

You don't sell in a day because some exchanges has limitations to daily transactions. You can also split the money into some tiny portions and sell it on different exchanges not just a single exchange.

Binance, Okex, Huobi is a trusted market and has a good reputation today. Actually, for a nominal as big as you mentioned earlier, personally, I would not spend all of it to be entered into the market even if the market has a high reputation and security level. Because there are no definite laws in this world to protect crypto assets. My advice is try first to raise your level in the market so that you can be free to withdraw with a very large amount, and again don't put it all in first, try to do it little by little, and you may also make a deposit not only to be amazed at just one market because good market at this time a lot.

Well it is possible, but you might not be able to withdraw everything at the same time. Then, if you want to sell, I will advise not to place a sell wall with huge amount, because that will cause panic and might result into dump. It will also affect you, because the amount you calculated and proposed batting might not be possible again.

Well, for me Binance exchange is a trusted exchange site, probably they will not let their name down just because of scamming incidence.
Well, I can be able to sell it and look for a trusted exchange but I won't sell it all in one transaction. I will sell it a little by little. Also in my place, I can convert it quickly using my bitcoin wallet. Much better if I will use my bitcoin wallet to convert it to avoid being hacked or scam.
If you are afraid that the exchange might get hacked, don't leave your money there. After trading pull out all your money if you have doubts.

This. Patience is the key with selling big amounts.

Not least because you don't want to tank the price and not get the best value out of your coins.

Set your limit sell orders in advance, at an upwards cascading level of prices, and then be patient and allow the market to come to you. Don't just dump your coins on a market order and crash through all the existing buy orders.

I don't think there's going to be a problem with even a million-dollar sales on strong exchanges like Binance, Huobi etc. However, as a precaution, I sell that much money piece by piece. And I use various top exchanges for these sales.

I would say Binance, because in my opinion it is the leading crypto exchange and there are thousands of people that are holding a lot of BTCs on Binance. I have seen accounts with over 100 BTC on them, so I believe it is a sign of quality and trust.

I don't think that Binance or Huobi is going to scam you for $250,000. They have been around for quite long. And the advantage with Bitcoin is that each and every transaction is recorded in the Blockchain and they won't be able to deny receiving the amount in their wallet address. But still I can understand your concern. A lot of the smaller exchanges are rumored to do such tricks to their customers. But reputation matters a lot here. If an exchange loses its reputation, then it will be very difficult for it to survive. And we all have seen what happened to the Livecoin exchange, when they had a similar exchange with one of the users (it was settled later).

I would start with a partial amount and then proceed gradually rather than doing it once and there is no doubt I would prefer Binance over any other exchange in this world as it has managed similar transactions in the past and a reputed exchange. I had a disputed transaction and Binance support really helped me in retrieving it so based on my experience I would go for Binance.

It would be better if you start searching for an exchange that is tested and proven to be worth the trust. In my opinion, binance can be a good one since I was able to witness lots of transactions within it and everything's going fine and smooth in there. You still have your freedom to choose and also you should consider the fee, if it is too high for you, then find a new one that's more cheap. The money you are exchanging might be too high but transactions within those exchanges are way higher than you could think of.

in my opinion this is a very large number, but I think binance can be trusted but should look at maximum withdrawals first. whether that amount can be immediately withdrawn or what the maximum conditions are

If looking for securities best to split your assets and not to go all in and sell it inside the exchange, huge amount of money most of the time causes delays and a lots of possible legality questions. If you can afford to pay for the transaction fees then sell your assets by splitting try and check if you will not experience any issue with your selling and withdrawing your money.

Yeah, I would trust, why not? Binance is earning around 1 million USD in a profit, why would they risk their reputation for such small amount of money?

Big whales are trading on the OTC market, but I really do not understand why. It is because they do not want to make big moves when they buy or sell a big amount all at once? Because current exchange platforms offers, especially Binance or Coinbase PRO the highest level of security for very low fees. Or if you are super paranoid you can use new solution from Bakkt.

$250,000 is not a big amount in Binance, Okex and Huobi. Those big exchanges have hundreds of million dollars trade volume daily. $250,000 is only worth 27 bitcoins. I can trust these exchanges because they are big which also means they are catering many whales. But I prefer Binance because of their SAFU and due to the fact that CZ paid all the lost funds when there was a hacking incident.

this experience can be used as an illustration that the brand is responsible for the funds of their exchange users. I personally do not know much about regulations regarding the security of funds on an exchange, but I always see the experience of some previous users to conduct transactions on the exchange

I would trust the Binance to send it to my account, but ironically i wouldn't trust my bank not to confiscate the whole amount and freeze my bank account for dealing with cryptos. Our banks suck and i would change my bank in a heartbeat if i would find a crypto friendly bank from Finland. I think i might have to move to some smaller private sector bank.

First, you should understand that almost all the exchange platforms have limits in terms of the total amount you can withdraw within 24 hours after you sell your crypto coin. Secondly, your security settings will determine how safe your amount is to avoid any third party from having access. In order to sell $250k worth of tokens on Binance and withdraw everything the same day, you need to complete a KYC. Without KYC, you can only withdraw 2 BTC worth of funds.

i'm also confident they are not going to hold your funds. but probably will ask once again for documents.

im my country there is a 3rd party wallet which we are able to convert our BTC to fiat and withdraw these fiat from our ATMs or remittance outlets. i personally were asked to provide details and where my funds come from. sort of questions are asked after that and i gotta receive video calls. if i have to do it this time, i'll do it little by little. that they won't be surprise. you should also be doing this if you have to withdraw huge amount.

big exchange like okex (http://okex.com) binance huobi?

I think that there is no problem with security of exchanges but big whales do not want to sell their Bitcoins transparently because they would be pushed to pay taxes. You know, rich people are not paying taxes.  ;)

There is no law that will protect you from fraud in the cryptocurrency world, all at your own risk. Andahaus is more careful. Large Exchange like Okex, Huobi Binance is able to make large transactions, if only $ 250,000 is still a small amount. To secure your assets, enable all security features in the exchange that you use. First check the address that you want to use for WD to prevent errors.

I would definitely not trust any exchanges, instead I would go on a place where there is escrow like P2P Localbitcoins or something.

I don't mind selling bit by bit to different people. At least I know my crypto is in escrow and if the exchange cheats me, I only lose a small portion. (Because yes, if I use Localbitcoins escrow I still have to trust them I know!).

250k? I would sell 100 portions of 2.5k:)

I would suggest using big exchanges with good volumes. Such exchanges will barely try to scam you they don't need this. Don't take the risks and try playing with low volume noname exchanges, and everything will be ok :)

Not best exchange market although like binance have thousand billion volume transaction with their exchange, you only available for selling your billion coin on exchange market by giving all exchange market first to sell your coin, you have sent to Binance, bittrex, hotbit, gate io and many other exchange market else for investing.

I would trust exchanges but I would never sell it all at once. I would never sell 1 million if I had that much crypto but that's not the answer to this question.
I'd try to divide my money into maybe 10 parts per 100 thousand and keep sending them to exchanges one by one.

I'd choose exchanges that allow me to withdraw some money with no KYC and be careful to always sell into walls, to make sure it's all sold at the same price.

Large exchangers like Binance have daily transactions of more than $ 1 billion and if you want to trade $ 1 million, they will still look small compared to the liquidity held by Binance. I don't think there is any need to worry as long as the exchangers in which we transact have great liquidity and have a reputation that can be trusted

The Kyc procedure in the mentioned market also guarantees that funds can be traded without constraints, unless there is negligence from users, there is no need to worry too much about their reputation. Fast transactions in large numbers are actually mostly carried out by bitmex users, and there are no significant cases yet. But it is necessary not to be careless and wise not to make large transactions at one time, it's better to do regular transactions per day.

I think Binance can be the safest place right now to sell your $ 250000, that is indeed a big amount, seeing from the incident when Binance was hit by a hacker attack, the Binance users lost some money, but the Binance party gave a guarantee that their money remained safe, and that was a positive side in my opinion

Binance, okex, bitforex, forkdhelta are also good, you just choose and don't need to hesitate. but if your doubt is a legal problem, that's right. unfortunately this crypto industry has not received legal protection officially. I mean there is no official or written rule that states the protection or guarantee if the loss of assets that have already been entered into the exchanger that has been mentioned. my advice if you are still in doubt, just enter in small numbers first, for example $ 1000 down and see how the progress. if it's good, you can enter all of them or keep the value.

OP not mention if he want to reveal his identity in exchange and pass the KYC . But with that big amount you should always prepare your self that  you need to make it just to make transaction smoothly.  Way back 2018 i see many people buying large amount via P2P and you are the one who will decide where the meetup will be around 10 btc and up , but i dont see any offer like this right now.

When handling large amounts of cryptocurrencies, it is best to be quite careful and try to sell the quantities progressively, because if you block a considerable amount, you will be in trouble, some Exchanges such as Coinbase, Okex, Bitfinex, and so on. They allow strong movements, but you must have the corresponding verifications. For that reason, projects such as Blondcoin (BLO) are committed to using P2P and decentralized exchanges, where there are no restrictions, although people must take appropriate protection measures. Learn more about this great project, visit:

https://www.blondcoin.com

I don't think a big exchange would like to destroy their reputation because of $250,000 which I'm sure they make more than that in a month. But if such an amount of money doesn't go in and out of your account regularly or the equivalent of it, I think your bank might question you of how you got that amount of money. As for exchanges like Binance, Okex, and Huobi, they are going to pay the money to you for sure, you're only going to worry about your bank. But like I said, that's only if that's the first time you're getting that kind of amount.

I have only used an exchange once to withdraw an amount that is close to that, and I didn't get any problem with the exchange and my bank, I used Luno exchange and my identity is verified on their platform. Other times, I have used a local exchanger, I send the amount from my Blockchain wallet, alongside with my account number and he will pay the money straight from his bank account.

the three exchanges that you have mentioned are large exchanges in the crypto industry so I don't think it will be a problem if you want to make large exchanges there. because I think big companies certainly have insurance for their users. but my advice if you want to exchange large quantities is better to do with some 3-5x parts or not at once 1x for $ 250k.

I trust them specially binance. They have a good reputation out there. But the problem is I don't have any huge amount of money to sell at lol. Anyway, I am pretty sure that they would return their money to you, 'cause lots of transaction have come into their hands that they already have handle and all of them have come in return into the designated users, and there were no issues so far that have been found I supposed.

right, as was the case with yesterday's binance when hackers attacked, where a lot of the customer's assets were lost, but in the end the binance was responsible and returned the customer's assets. of course things like this have a positive impact on the exchange itself. the big investors don't hesitate to choose it

You have to use some of these top exchanges that you have mentioned which I think binance has even handled far more than this type of transaction, and if you look at the financial strength of binance, they make this money within a month, so why would they scam you on the coin.

The only exchanges that I don’t trust to handle such amount of money are projects that are below the list of 10 exchanges in the market, they might not have handled such amount of money before, so any slight opportunity they have to do so could result to scamming. To be on a safe side then, you can be taking the transaction through the exchange little by little, maybe you do $5000 each for five time, and could also swap exchanges among the ones you list too.

With using the biggest or top exchanges and trusted one, I think it will be okay. People don't use any P2P nowadays might be because it's more easy buying it directly on exchanges now. With more security and all, and have a good history. More over if they have a good reputation about handling hackers and responsible about every other things.

But I wouldn't just sell $250k at once, I might split them to a few transactions. and keep doing it bit by bit. As the OP mentioned, he did not talked about investing them. So withdrawing step by step would be better, in case you're scared of getting scammed if you ever take it out entirely.

Using binance is the best choice. P2P is still popular nowadays, but it should be done with a lot of preparation for the safety of both parties. Using exchange would be better to avoid being known, passing KYC is not necessary on some big exchange.

Yes, that is the best of the best choice, splitting it rather than selling it one at a time. There is no need to rush selling such a huge amount, splitting it would be better to avoid risks.

There are exchanges with atleast 80-90% trust, yes I can trust and sell my million crypto bags without hesitation.

if you don't believe it, then it's okay to use your country's local exchange, they will be more responsible if something unexpected happens. for example, there is a large exchange in my country that has a legal entity with a clear office, even though the state does not interfere in nominal transactions (for taxes, etc.), but they guarantee the exchange's reputation with legal responsibility.

Believe in big markets like Binance because their CEO is exposed, have their country offices and branches in other countries.
If committing fraud is very easy to report to the authorities. And usually, if the nominal is large we must fill the KYC or anything for their security.

depends on the exchange , if they are regulated and have an agreement with the law , i think you can get a refund and be protected by the law but dont worry because most big exchanges ( cex ones ) are always have that feature  but may i know if what crypto did you own  ? 250k usd worth amount of crypto is a serious amounts  so i assume that most of them are bitcoin because bitcoin is the coin that holds alot of value the most  .

Many options for that, but exchange is not a good one. I will trade face to face, I know many people willing to buy Bitcoin face to face in big amounts.

You can trust the exchanges you mentioned on that but looking at the amount, I think you will have to pass a high level of verification to be able to transact such amount of money on this exchanges.

Use a decent size exchange that is at least somewhat regulated, as others have mentioned, and you should be fine -- Binance, Coinbase, Gemini etc. Plenty of folks sold huge amounts at the end of 2017/18, and when liquidity is there, even a million is just a drop in the bucket.

It's probably not the best idea to use yobit, or some exchange in a country you never heard of, but that's just common sense.

Yes I would trust them but I would pick only those who are trusted and maybe I would create a multiple account so it would be diveded into small transaction.
I wouldn't just dump all of it in just a single transaction,
I think it is better to spread it so if something went wrong you could just pull out all of the other crypto.

In the Cryptocurrency space, trust is overrated, I wouldn't trust any centralised exchange with that kind of funds so if I want to exchange a large sum of money, I would just do it in one of the big exchanges but I wouldn't do it all it once, I would be doing it gradually until I convert all the funds, I would do it within the limit where the withdrawals wouldn't warrant extra scrutiny by the exchange, eventually I would convert all the funds but I wouldn't try to convert such a large sum all at once, it might give them ideas, I have heard too many sob stories about exchanges locking people's funds and demanding for extra funds to unlock and this includes Binance but I have to admit that I haven't confirmed the story though, but I think it warrants being more careful the way we transact with centralised exchanges, the power lies ultimately with the owners of the exchange and not you.

I believe in exchangers who have big names, because they are used to handling large amounts of money every day. I once sold cryptocurrency (bitcoin) which was worth $30000 at a local exchanger and it was safe. the problem is you have to find an exchange that makes you sure to give up your money.

If I were you I wouldn't put all my eggs In a single basket, I'd split it into different exchanges and mostly decentralized exchange, using a swap exchange like #ChangeNow is highly recommended too.

Currently Binance is known to have one of the topest security measures. And so far, I can not recall any history of a stolen fund in Binance. So if I have significant crypto assets worth thousands to millions of dollars, I can trust reputable  exchanges such as Binance.

Considering the fact that the whole volume of the Cryptocurrency market is done in exchanges, I don't see a reason why I shouldn't trust them but with a very large sum, I would definitely be staying far away from the new exchanges and stick to the exchange's where my funds are SAFU if you know what I mean. ;)

Especially now that fiat currencies are being integrated in the exchanges, it would reduce the stress if you want to convert such a large sum because you would just sent it directly to the exchange, convert and send directly to your bank account.

I don't think if it's relying on the amount since it will depends on the exchange but as I remember the amount you wish to withdraw and for deposit is unlimited base on my own experience. Trading site is very clever as they want to deposit you as much as you want but in withdrawal process it makes so disappointed in which needs to verification first and takes time to process.

Speaking of exchanges, I think Binance is a safe exchange, even though it was hacked but binance is still very much needed and trusted by its users to transact. if you want to exchange big money, you can do it at Binance.

These 3 exchanger is good.but binance is best.Don't try to exchange huge money in one exchanger or one time. Try to trade different exchanger. I mean if you have 1btc worth of crypto then try to exchange in different exchanger. Like in binance 0.4btc worth of crypto,okex 0.3 and houbi 0.3. If you do in this method you are safe. Because amount is low.if any exchangers hold your balance then you will not loss all of your money. I saw that few exchangers hold money because of huge amount. So don’t take risks.And exchanger is always risky because you can not control them.         

You are going to spend a lot for the withdrawal fee for that. One exchange is good already at least just 0.001BTC will be asked for the withdrawal, you wouldn't have to worry if its just a BTC.  You'd be worrying if you get  to withdraw more than 50-100BTC as they would be checking the big amount and where the funds are from. Just don't chose the unknown exchange you are good already.

If you are going to cash out a huge amount of crypto just stick to the best exchange and make sure you have complied with their rules and any requirements just in case there are requirements for huge withdrawal to avoid having your account frozen. Also do not sell in just one exchange and in big chunks as much as possible sell your crypto in small chunks in different exchange.

Yes I trust binance so much , their security in their platform is good, they have a lot of good coins listed in their exchange, you may choose different altcoins in their exchange, they strictly choosing every single coin that they are listing not only those who can afford to pay their listing fee. I highly recommend binance, you may try in livecoin,bibox, hitbtc too if you want. But you may choose binance only. It is the top exchange too.

Some of the exchanges are actually trustworthy, but the question is what you want to exchange it for.

If you want to flip it for fiat, most exchanges are ruled out because of the missing fiat on-/off-ramp. Also, you'll have to do KYC.

It also depends on which country you're in, but in general I would advise you to exchange such a large sum in batches, and spread it via multiple exchanges to reduce risk.

I trust Binance / Okex / Huobi will pay them back. and there will be no scams here. Please trust and exchange.  :)

Wanting a million-dollar budget is hard for everyone. Trust the exchange because it is a great opportunity that can help you achieve your dreams quickly. Do you believe in communication?

Binance / Okek / Kucoin and other reputable exchanges are trustworthy, The question is whether they can trust you because of the huge amount of crypto you hold today. I'm sure you will undergo through the extreme Kyc (know-your-costumer) so they know where your funding comes from and whether it's legal or illegal.

With that too much amount of crypto, it will be a big risk for you to sell all of that and big exchanges might hold your funds. It will be better if you'll divide it into different wallets before selling it. However, trusting reputable exchanges will still be an advantage. Choose top exchanges like Binance so you'll have an assurance of safer transactions in the future.

It is difficult to entrust your savings, especially to crypto exchanges that give doubtful guarantees. But if you are still going to do it through exchanges then you probably should divide the amount into many parts. Although if we are talking about such a large sum then you can probably directly talk with the owners of exchanges.

sending bit by bit in such scheduled time might raise some of suspicion and your account might be under review. that maybe sounds so ridiculous since that is all your own money that you earned with sweat and blood but it's not rare for an exchange to lock down an unverified account that withdraw a huge amount of money gradually maybe because of the AML therefore they will forcefully require you to verify your ID thus KYC. It is always better to do KYC if you are dealing with that much of money only if you can trust that exchange enough also recklessly using unreliable exchange might result losing your money and data, there are some of the rumour I heard that small and unreliable will lock down your account if you have quite the amount of money just to steal it.

to be honest, I would trust binance to exchange that kind of money. if you doubt, you can sell it little by little. Until now, I think binance is the best exchanger, so if you exchange large assets, there is the right place. Well, I see so many transactions going on there, I think that $ 250k is not so much money for them.
I honestly don't really understand the applicable law, but it doesn't look like the law will protect you in this case, especially if your country is neutral about cryptocurrency.

Many are opposed to this because they have the firm opinion that you should not have to go through KYC when cashing out your coins, but if you want to exchange your coins for fiat you have no option but to play by their rules, but in the future once cryptocurrencies are accepted by everyone you could begin to cash out indirectly by buying all what you want with bitcoin directly instead of using fiat, once you can do that most people will not have any reason to exchange their bitcoins for fiat.

If you don't trust exchange enough to sell then where else would want to sell such amount of crypto that would be secure? I think it will be better to deal with exchange, instead of selling all at once, sell bit by bit not to draw too much attention, this what I would do if I have such amount of crypto, I can't trust any other source than exchange (well known)