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Author Topic: How do people convert huge amounts of BTC to cash/bank account?  (Read 342 times)
viking02
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February 03, 2016, 04:12:04 AM
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I have acct at circle and coinbase.  My circle limits was $300 usd selling a week... thus converting $300 worth of btc to ACH bank transfer.  Then it increased to $3000 a week usd.  I haven't done it yet.  I only did 1 small transaction with circle from bank account to it and it was fine.  However, isn't it true if you keep using the max limit, eventually circle will close your acct?  For example if you were to convert $3000 worth of BTC to circle to your bank account every week and do it say 8 weeks in a row?


I would be curious if anyone here has any issue with that.  Are there higher than $3000 a week transaction with circle?


What about those people that want to say turn at least $100,000 worth of btc to bank account?  They would have to basically do $3k a week with circle... then do $3k or $5k a week with coinbase?  I know coinbase charges a 1 percent fee.  But eventually does circle/coinbase close your acct if you do big amount cashouts to your bank acct?  And if so, what are alternatives then?  Not in that situation but wondering how do people who have a lot of btc do this.  I mean having circle/coinbase is pretty nice since its 3k/week and 5k/week?  I just took a look at coinbase is 3k a day?  If so, what are the weekly,monthly limits?  I assume you cant do 3k everyday for 30 days right?   But basically circle/coinbase will pretty much cover anyone that wants to buy/sell bitcoins unless they are doing 6 figure transfers in total a year?


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February 03, 2016, 04:17:48 AM
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My Coinbase is 10k a day (not that I've tested that ;-)
See what you can do about raising the limit for your account.



When you click on * "see all limits"

"Apply for higher limits


Applications for higher limits are intended for high volume traders and high net worth individuals.
• If your application is accepted, buy and sell limits may be increased, but instant-buy limits will remain unchanged.
• Estimated time of review is 4 business days when sufficient documentation is provided.

• Customers requiring access to wire transfers within the US or internationally should also apply using this process.


 click on * Apply now  "

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