I'm opening up a service for small amounts of cash to your Venmo/Paypal shortly. I'm assuming this is for large amounts?

I always cash out through 2-3 trusted services. So far, there have been no problems.

To me I think any time I feel like cashing out whatever I have, binance has made it very easy for us, meaning I can easily cash out straight into my local bank account, so the days of using third party services to cash out is behind me, although some people may not find it important because they are not interested in kyc but to me it is great and less stressful,  so cashing out process can be different for everyone because we are all from different locations.

Thanks V8, appreciate it.

But now I really have to go to bed, please don't let me wake up to a 15 pages backlog.

Coinbase is regulated as a US financial institution, including FDIC insurance for US deposits of $250,000 or less

This time I was 100% sure about the drop if we reach 9900s. I even asked how to claim my forks so I can sell all I have. But not had the balls... Now we going down to hell... Could have been the chance to double the coins. But now it's too Late, dont have the balls to sell now too, even though I am sure we go sub 8k or more No buying, no volume nothing...

To me I think any time I feel like cashing out whatever I have, binance has made it very easy for us, meaning I can easily cash out straight into my local bank account, so the days of using third party services to cash out is behind me, although some people may not find it important because they are not interested in kyc but to me it is great and less stressful,  so cashing out process can be different for everyone because we are all from different locations.

This chart has been reliable in the past.

https://www.blockchaincenter.net/bitcoin-rainbow-chart/

I am not showing you my tip.

Or mega pump incoming ?

I'm sure most of the members of this forum already know how to cash out properly. In my opinion a good cash out strategy is through
local exchanges, because thus available fiat pairing of our respective countries. Because local exchanges in my country already working
with banks, it will be easier to cash out. The results of the cash out go directly to my bank account.

Actually, there’s not only the how, where and how much to ponder, but also the ramifications in may have in terms of taxation/deanonymization (from an IRS or equivalent point of view).

The second part of the story I have added will depend on stuff like the country of residence, applicable law, will to come clear or remain opaque, and so forth, but adds an interesting, and potentially nerve-wracking post-sell set of variables to consider beforehand.

Cash's days are numbered depending on where you are and that was before the viral fun. If it's under the radar it's also a monster pain up the arse. You can't actually do anything significant with it in many a country any more. You can only buy so much food and fuel per week.

I can't see the point of securing a large amount of profit and spending the rest of your days hiding it. A wodge of play money would be useful though.

If Bitcoin ever reaches a stupidly high value very quickly, then I may be tempted to cash out my whole stash, in which case I'll probably arrange a local meet and sell for cash.

I am not reading this topic as I used to do because It is not fun for me anymore since I don't have any horses in the race but...


I am not going to lie, I was jealous about the price rise... till I saw this.

You'll probably see this as FUD but hey, I am not good at holding back from saying what I think.

I plan to change my crypto to stablecoins on it's peak and sell it on batches. Withdrawing stablecoins or converting them to digital payment gateway like paypal and skrill is easier which can easily be deposited to banks without questions raised. I'm even thinking about NEXO mastercard. If it works as advertised, it's the easiest way to change your crypto to cash.

When it comes to significant amounts I would regard the lack of cloud bankiness as fucking superb news. I would never trust Revolut with anything above amounts needed to pay for hand jobs in airport toilets in far off lands.  

They shut people down for the most piddling reasons and amounts. I wouldn't do a large sale without being confident it would go through smoothly from start to finish and there's zero guarantee of that with some faceless entity hiding behind an app. With a real bank you have a fighting chance of reasoning with a real person somewhere.

I've stated may times here I'm an investment advisor by trade, so this subject is something I'm quite versed on.  The same goes for cryptocurrency as it does for equities in the stock market.  Unless you know how to trade, you can read technical analysis and know how to do fundamental analysis, and have the extra money to prepare to lose...then you shouldn't be trading coins.  

That said when it is time to cash out, try always going OTC ( Over The Counter)first. There's a section right here on bitcointalk to facilitate this.  Then compare exchanges.  Coinbase and Gemini are big ones in the U.S.  I know Kraken is big over in the EU and the UK in particular.