Depositing 3 Million GBP in BTC into a bank account

[traffexp]

Someone on LinkedIn posted the following message:

“I need a bank account to put 3 Million pounds of Bitcoins money through in fiat currency from a LTD company.”

This matter was on my mind for a while. How does those rich on Cryptocurrency paper manage to cash their wins? Clearly, there are people facing this dilemma already.

Any solutions?

DISCLAIMER
I’m not facing this problem, not even close. 

[Don Pedro Dinero]

With that amount of money, it is really worth hiring a lawyer specialized in these issues. That’s probably not a rich man who mined those coins at an early stage and doesn’t know how to cash them out because a really wealthy man wouldn’t ask those questions.

[squatz1]

There are actually certain companies in the crypto space which specialize in the buying and selling of massive amounts of coins because I don't think a rich person like him is going to want to work with a normal company like coinbase or something along those lines, as those companies aren't going to give a person with a ton of capital the dedicated support that he needs.

So yeah, these people are in contact with lawyers and reputable comapnies in the crypto space built for people like them.

[traffexp]

With that amount of money, it is really worth hiring a lawyer specialized in these issues. That’s probably not a rich man who mined those coins at an early stage and doesn’t know how to cash them out because a really wealthy man wouldn’t ask those questions.

Thanks, I was interested in the post so now I know it better LoL

[tuskacz]

Why to cash it out now, workaround it. In US some estate agencies accept bitcoin. Guy should buy properties for btc then sell it for cash.

[Hazeey]

Highly recommend to consult a tax professional. I've seen many people suggest creating a LLC when withdrawing large amounts of crypto to fiat

[Headachez]

I'm having a serious case of deja vu. I feel like I saw this exact same message a few weeks ago! Anyway, if it was me I'd probably take out a little bit at a time from one of the popular exchanges.

[giveen]

Use local bitcoins i have seen many people sell 10 btc by meeting people or even if you want you can still transfer to your bank , this isn't any illegal funds you might get into a problem depending in which country you reside in.
I had gone to dubai  few weeks back i found the demand is really high and people are paying really high amount if you have a huge amount visit dubai you won't get into much trouble also.