What is the most reliable bitcoin exchange.

[hhservices]

Hello, I have just found a problem at kraken. For several months I had a client paying me with bitcoins (sending them to kraken) and now that the bitcoins have gone up I sold them and I tried to transfer them into my account. It was $24.000 and kraken told me that their partner paycash wanted lots of documentation. I submitted enough documentation (proof of identity, proof of address, documents showing legal registration of my business and showing its legal good standing, explanation about my business and the transaction at issue) to them as to open a business account in a bank and transfer whatever money I wanted, but they told me that they wanted more, they wanted to know the identity on my client. I told them that I would be breaking the Law if I would tell them this and we cancelled the withdraw.
I need a reliable bitcoin exchange company that allow me to withdraw currency into my bank. Which one is the most reliable company today that can allow me to do this?
Thanks in advance.

[NorrisK]

Every bitcoin exchange will ask for documentation when you are trying to withdraw amounts like that... They simply have to because of legal issues.

Kraken is a very good exchange to get your coins to fiat and withdraw it with low fees. Hardly any other exchange can beat their fees. 

You could try to withdraw it in smaller amounts, say a couple of thousand usd (not above 10,000) and see if that is possible. Than you can probably do a transfer every week or so.

[th3nolo]

dude, 24K is huge an amount do some research about. please check the exchanges below.

https://www.buybitcoinworldwide.com/en/us/

although you can try to withdraw in small amounts.
attached, this can be helpful, for Kraken..

[prabowo96]

Any exchange you ask your ID and things like that, it's just security to people don't laundry money.

What about trying to withdraw smaller amounts from various exchanges?

[lite]

Well, i would suggest you to use more than 1 exchange sites to sell and withdraw your coins. don't keep all your coins on a single exchange site. you can use btc-e,kraken,circle,coinbase.

[bitbunnny]

It's not very wise to keep such amount on exchanger. Not just because possible withdrawal problems but also the security issues. You might loose your funds.
And any exchanger would ask for ID verification and all documents because they are obliged to different regulations if they want to run legitimate business.

[crazyivan]

Poloniex and Bittrex, the rest I would not even try to touch.

[RodeoX]

Consider that any exchange in the U.S. that does not do the required AML and KYC diligence can not be trusted. All you can say about such an exchange is that it is not following the law. So why would they honor your withdraw? Why not just steal your money and leave you with no legal recourse?

[Rubberduckie]

unfortunately with any bank or when turning into any fiat currency there
are going to need your info. It's pretty much required by law from anywhere.

Even if you get a bitpay credit card funded prepaid with your own money they
still required a SSN.  Your hands are going to be tied from any of the top exchanges

[ynef]

I recommend Unichange. It's fast, reputable and probably the most flexible. Please check out my sig for ref link. I would really love your big orders

[JeffBrad12]

So why would they honor your withdraw? Why not just steal your money and leave you with no legal recourse?

At least this are clear with some information about the withdrawal/deposit rules are approved by kraken and especially about the OP are including in the tier 3.


For OP, you may think about the second option like local bitcoin or coinbase, but i could asking about your country?
Withdrawing your amount through for dividing your amount into a small part.

[jovs]

Try c-cex or crypto currency exchange. Low fees and has an efficient service.

[btvGainer]

Hello, I have just found a problem at kraken. For several months I had a client paying me with bitcoins and now that the bitcoins have gone up I sold them and I tried to transfer them into my account. It was $24.000 and kraken told me that their partner paycash wanted lots of documentation. I submitted enough documentation to them as to open a business account in a bank and transfer whatever money I wanted, but they told me that they wanted more, they wanted to know the identity on my client. I told them that I would be breaking the Law if I would tell them this and we cancelled the withdraw.
I need a reliable bitcoin exchange company that allow me to withdraw currency into my bank. Which one is the most reliable company today that can allow me to do this?
Thanks in advance.

It depends on your location also.If you were in India,Zebpay and unocoin are best option to withdraw money to bitcoin.I hope similar reputed and reliable exchanges exists in your place also.Do some search here on forum and ask your compatriots

[Herbert2020]

Poloniex and Bittrex, the rest I would not even try to touch.

OP is clearly asking for fiat withdrawal and that is something neither of these two are offering.

Hello, I have just found a problem at kraken. For several months I had a client paying me with bitcoins and now that the bitcoins have gone up I sold them and I tried to transfer them into my account. It was $24.000 and kraken told me that their partner paycash wanted lots of documentation. I submitted enough documentation to them as to open a business account in a bank and transfer whatever money I wanted, but they told me that they wanted more, they wanted to know the identity on my client. I told them that I would be breaking the Law if I would tell them this and we cancelled the withdraw.
I need a reliable bitcoin exchange company that allow me to withdraw currency into my bank. Which one is the most reliable company today that can allow me to do this?
Thanks in advance.

the fact that they are asking for many documents for verification doesn't mean they are unreliable, that is what happens when you use fiat. if you use the same deposit/withdrawal on any other place (not only a bitcoin exchange) they will ask you the same documents again.

unless you change your fiat wallet to something like perfect money,.... and use other exchanges like btc-e or c-cex

[hhservices]

Thanks everyone for your answer but many of you have missed the point. I am at Kraken tier 3 verified for which I had to submit proof of identity  and address. Furthermore, for this particular transaction I submitted also all documents corresponding to my business which show proof of legal registration and good standing. Still I was denied. if I go to a bank and I show all of these documents I can open a business account and send one million dollars with nothing more than a note about the purpose of the transaction. This experience has shown me that you cannot really get serious with bitcoins. Your money is safer in a bank where you can call or go in person and get your money ASAP. Now, getting to the point, I need a good company that allows me to sell my bitcoins and withdrawing them to the bank. 25 k is a small amount, but I will make 3 transactions for this. I need a company that would not screw me over (I heard bad stories about okpay too). Anyone can give me 5 names being on top of the list? Thank you.

[Pursuer]

Thanks everyone for your answer but many of you have missed the point. I am at Kraken tier 3 verified for which I had to submit proof of identity  and address. Furthermore, for this particular transaction I submitted also all documents corresponding to my business which show proof of legal registration and good standing. Still I was denied. if I go to a bank and I show all of these documents I can open a business account and send one million dollars with nothing more than a note about the purpose of the transaction. This experience has shown me that you cannot really get serious with bitcoins. Your money is safer in a bank where you can call or go in person and get your money ASAP.

sorry that you feel like this about bitcoin!
maybe instead you should contact kraken and solve the issue with them and ask why they have rejected your application, because although I am not using kraken but I have been hearing good things about them so it is possible that the problem was with your document or maybe the method of withdrawal you are using!

Now, getting to the point, I need a good company that allows me to sell my bitcoins and withdrawing them to the bank. 25 k is a small amount, but I will make 3 transactions for this. I need a company that would not screw me over (I heard bad stories about okpay too). Anyone can give me 5 names being on top of the list? Thank you

kraken
bitfinex
bitstamp
btc-e
cex.io

but all of these would need the same process of verification, there is no escape when you want to use fiat.

[hhservices]

Thanks everyone for your answer but many of you have missed the point. I am at Kraken tier 3 verified for which I had to submit proof of identity  and address. Furthermore, for this particular transaction I submitted also all documents corresponding to my business which show proof of legal registration and good standing. Still I was denied. if I go to a bank and I show all of these documents I can open a business account and send one million dollars with nothing more than a note about the purpose of the transaction. This experience has shown me that you cannot really get serious with bitcoins. Your money is safer in a bank where you can call or go in person and get your money ASAP.

sorry that you feel like this about bitcoin!
maybe instead you should contact kraken and solve the issue with them and ask why they have rejected your application, because although I am not using kraken but I have been hearing good things about them so it is possible that the problem was with your document or maybe the method of withdrawal you are using!

Now, getting to the point, I need a good company that allows me to sell my bitcoins and withdrawing them to the bank. 25 k is a small amount, but I will make 3 transactions for this. I need a company that would not screw me over (I heard bad stories about okpay too). Anyone can give me 5 names being on top of the list? Thank you

kraken
bitfinex
bitstamp
btc-e
cex.io

but all of these would need the same process of verification, there is no escape when you want to use fiat.

The documents were all alright and I used the only method of withdrawal for US dollars that they had. They told me that they do this through a company called paycash and that they were the ones denying it. I suspect is that the reason is because to them 25k is a extremely high sum of money. This is were I get the problem with bitcoins: If you deal with real money you don´t find these problems in a bank, but when you deal with bitcoins you come under heavy centralization and regulation, much higher than when dealing with money. I guess that if I would have proved that the original money sent to buy bitcoins would have come from me it would have been a different story, but when it comes from payments, etc, you are going to find this issue all the time and this is real sucks.
I am trying to withdraw using several exchanges so the amounts will be smaller.