hypothetical, how would you turn 2000 bitcoins into cash?

[stslimited]

Hello, after a cursory look at Mt. Gox's limitations on withdrawal $ amounts, and maybe Coinbase's withdrawal amounts

I was wondering how one would turn an amount of bitcoins over $10,000 into cash. Mt. Gox has a $10,000/month limit for everyone I believe

so what are the best ways to convert larger amounts quickly? pros and cons of these methods (fees, how long it takes, etc)

is there any exchange that will let a user wire $100,000 out, or via ACH

[1714868279]

1714868279

[01BTC10]

If you can receive wire to the US then https://fastcash4bitcoins.com could probably help.

You could also look for 1+ buyer here : http://bitcoin-otc.com/vieworderbook.php

[stslimited]

If you can receive wire to the US then https://fastcash4bitcoins.com could probably help.

Their maximum is $10,000 and that is by bank wire.


And here is a filter of btc to usd buyers:
http://bitcoin-otc.com/vieworderbook.php?type=SELL&nick=&thing=BTC&otherthing=USD&eitherthing=&notes=

100 bitcoins whoop de do, as of May 19th 2013

any other suggestions?

[Severian]

Buy gold and silver from one of the metals dealers that deal in bitcoin, sell metals at local coin shops.

[Hermel]

If you get a trusted (not only verified) account at mtgox, you can raise the limit to 100k USD per day. I did so myself. However, you need to send them a letter with Apostille to gain trusted status.

[stslimited]

If you get a trusted (not only verified) account at mtgox, you can raise the limit to 100k USD per day. I did so myself. However, you need to send them a letter with Apostille to gain trusted status.

great, that would be scalable enough for now


now if one of these futures exchanges would get it together.

[flound1129]

Hello, after a cursory look at Mt. Gox's limitations on withdrawal $ amounts, and maybe Coinbase's withdrawal amounts

I was wondering how one would turn an amount of bitcoins over $10,000 into cash. Mt. Gox has a $10,000/month limit for everyone I believe

so what are the best ways to convert larger amounts quickly? pros and cons of these methods (fees, how long it takes, etc)

is there any exchange that will let a user wire $100,000 out, or via ACH

Gox's limit is $10k per day and $50k per month for the lowest tier of verified user.

You can get the limit raised there as well if you need to.

[stslimited]

Hello, after a cursory look at Mt. Gox's limitations on withdrawal $ amounts, and maybe Coinbase's withdrawal amounts

I was wondering how one would turn an amount of bitcoins over $10,000 into cash. Mt. Gox has a $10,000/month limit for everyone I believe

so what are the best ways to convert larger amounts quickly? pros and cons of these methods (fees, how long it takes, etc)

is there any exchange that will let a user wire $100,000 out, or via ACH

Gox's limit is $10k per day and $50k per month for the lowest tier of verified user.

You can get the limit raised there as well if you need to.

hmm I thought I was verified, but these are my limits

"USD : You can still withdraw up to $1,000.00000 provided you have enough on your account (your limit is $1,000.00000 per 24 hours and $10,000.00000 per 30 days)"

[binaryFate]

Sorry that's not entirely clear to me.

By default it is 1,000$ per day and 10,000$ per month.
Without the apostille thing, just as a verified user, is it extendable? Up to?...

What is an apostille letter exactly, in this context?

How to change these limites? Write to their support?

[stslimited]

Sorry that's not entirely clear to me.

By default it is 1,000$ per day and 10,000$ per month.
Without the apostille thing, just as a verified user, is it extendable? Up to?...

What is an apostille letter exactly, in this context?

How to change these limites? Write to their support?

$10,000 usd daily and $50,000 monthly

I got verified, I will be seeking trusted now

[stslimited]

I would like to have the same "problem".

Im sure

I just want to know the best endpoints

[kodo]

Many ways you could use mtgox or any other exchange to wire it to your bank account then simply withdrawal to cash.

[flound1129]

Sorry that's not entirely clear to me.

By default it is 1,000$ per day and 10,000$ per month.
Without the apostille thing, just as a verified user, is it extendable? Up to?...

What is an apostille letter exactly, in this context?

How to change these limites? Write to their support?

Yes I had to write to their support to get my limits lifted to $10k/$50k.

It didn't change automatically when I got verified.

[noah977]

Very slowly.  You need to study the current order book on multiple exchanges and calculate the price impact vs. sell rate of your coins.  Optimize to maximize the dollars you generate.

[Charles999]

Hello, after a cursory look at Mt. Gox's limitations on withdrawal $ amounts, and maybe Coinbase's withdrawal amounts

I was wondering how one would turn an amount of bitcoins over $10,000 into cash. Mt. Gox has a $10,000/month limit for everyone I believe

so what are the best ways to convert larger amounts quickly? pros and cons of these methods (fees, how long it takes, etc)

is there any exchange that will let a user wire $100,000 out, or via ACH

Easy..just got to BTC-E and do it.. or I can help..

[sayulita]

Hello, after a cursory look at Mt. Gox's limitations on withdrawal $ amounts, and maybe Coinbase's withdrawal amounts

I was wondering how one would turn an amount of bitcoins over $10,000 into cash. Mt. Gox has a $10,000/month limit for everyone I believe

so what are the best ways to convert larger amounts quickly? pros and cons of these methods (fees, how long it takes, etc)

is there any exchange that will let a user wire $100,000 out, or via ACH

Read this thread:

https://bitcointalk.org/index.php?topic=237164.0

Best option.

[binaryFate]

Hello, after a cursory look at Mt. Gox's limitations on withdrawal $ amounts, and maybe Coinbase's withdrawal amounts

I was wondering how one would turn an amount of bitcoins over $10,000 into cash. Mt. Gox has a $10,000/month limit for everyone I believe

so what are the best ways to convert larger amounts quickly? pros and cons of these methods (fees, how long it takes, etc)

is there any exchange that will let a user wire $100,000 out, or via ACH

www.Bitcoin-Brokers.org

Bitcoin-Brokers is designed to allow owners of bitcoins to list them for sale on the site, and have the buyer make a cash deposit into your personal bank account of choice. This is a free service for sellers. Buyers pay a 2% fee.

Apparently, in US only, that's worth mentioning you know.

[joesmoe2012]

#bitcoin-otc

localbitcoins

[donjonson]

If you could explain to FDA that you don't like to sell drugs you could try wire transfer it

[legitnick]

I would send them to mtgox then  ash out to my bank account.

[MSantori]

If you find a buyer, then you can use physical storage and engage an attorney as an escrow service for the storage.  I've never offered the service myself, but I don't see why it could not be done.

$200k is enough to make the fees worth it, I think.  I'd love to be the first lawyer to do it!