Experienced with withdrawing fiats from coinbase? (please share)

[CryptoGuvnor]

I am planning to start withdrawing fiat from trade gains, please share your experience with coinbase and tax related fees in your country. Thanks

[TheCoinFinder]

Actually you can't withdraw $10k into your usa bank account without paying tax.
If your coinbase  transaction is below $10k, you will  not be investigated for tax. That means you can withdraw in installments and avoid taxes.
When withdrawal request on coinbase,it usually takes 2-4 business days to arrive funds in your bank account.

[CryptoGuvnor]

Actually you can't withdraw $10k into your usa bank account without paying tax.
If your coinbase  transaction is below $10k, you will  not be investigated for tax. That means you can withdraw in installments and avoid taxes.
When withdrawal request on coinbase,it usually takes 2-4 business days to arrive funds in your bank account.

Thanks for the info

[caravel]

Coinbase doesn't allow withdrawing fiats in all countries.

Since I live in canada, I have to use a website like quadrigacx (for bank) or virwox (for paypal)

It's too bad, since I buy all my btc on coinbase due to their low minimum buy amounts.
It be nice if they allowed both withdraws and deposits in canada.

[amaral1977]

I am planning to start withdrawing fiat from trade gains, please share your experience with coinbase and tax related fees in your country. Thanks

When you change to fiat...for that matter coinbase works, you are expected in most countries to pay tax for your earnings. I guess the ammount would depend on each country tax law...