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1  Economy / Exchanges / Re: Withdrawing USD from various exchanges as US citizen on: June 18, 2017, 04:29:50 PM
Quote from: Iranus
I was thinking maybe you were confused with USDT - a centralised token which is supposed to be pegged to the dollar.  You can trade with this on Bittrex and Poloniex, but not directly with fiat and you can't withdraw fiat on them.
Yeah, I'm looking into USDT as a possible solution for a lot of these exchanges. Unfortunately tether.io has the most insane verification system of any site yet. I'll probably have to open another bank account just to work with them, and then wait for a bunch of official paperwork from the bank. Could take another month. Ugghhh....
2  Economy / Exchanges / Re: Withdrawing USD from various exchanges as US citizen on: June 18, 2017, 03:55:13 PM
Quote from: Iranus
Bittrex, Poloniex and Livecoin are all altcoin exchanges.  None of them deal with fiat, just different cryptocurrencies.
As a test I sold 1.0 ETH on Livecoin for USD. I'm now sitting on about $363 USD in my Livecoin account. That's fiat I don't know how to remove.

Quote from: Iranus
For most states you should be okay trading at GDAX (Coinbase's dedicated exchange) or on Bitstamp
I've got GDAX, but I'm really looking for exchanges with more crypto options for day trading and such, and definitely at least ETH. Bitstamp is lacking in these areas.

Quote from: NorrisK
You could check the winklevoss exchange (is it still around?), that should have things sorted out
Thanks, I have signed up with Gemini and am awaiting verification
3  Economy / Exchanges / Withdrawing USD from various exchanges as US citizen on: June 18, 2017, 02:55:29 PM
Ok, I'm new to the game here and trying to set up the best ways to fund and withdraw from my various accounts in USD, preferably to a United States bank, though a prepaid card/account I can use in the US (capitalist, etc) would be fine. I'm happy to pay taxes on my withdrawals, so not trying to avoid detection or anything like that. I'm noticing a ton of exchanges who won't work with US customers at all (OKCoin, Bitfinex, Quoine, Yobit), as well as some of the bigger payment processors who won't either (OKPay, Payeer). I'll be day trading, so consistently buying/selling on multiple exchanges, but I need a way to get the USD out of each exchange without losing my earnings by converting everything back to cryptocurrencies.

I have a checking account with Capitalone360 and another with a local credit union, and some exchanges let me me hook them up directly for funding/withdrawal (Coinbase, Gemini, CEX) while others do not (Kraken, Bittrex, Poloniex, Livecoin).

It seems like a crazy tangled web I've been trying to untie for a few days. Hoping anyone else has figured some of this out.

Also, what's up with US banking regulations? Why are we banned from so many exchanges?
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