Is it possible to withdraw huge amounts?

[bitcoinsocial09]

Hello everyone,



I am still fairly new to cryptocurrency, therefore that challenge is probably dumb... bare with me personally.

If a person has Holdings that value tens of thousands of 83000, let us imagine $20,000,000 plus they would like to cash deposit and it for their banking account, is it possible?has Holdings that value millions of 2500, let's say $20,000,000 and they would like to cash deposit and it for their banking accounts, how is it feasible?

Since Just BTC isn't controlled by banks, it's up for your own exchange websites to handle this trade (so I assume), so who'll cover this cash amount into this individual?

I reside in Australia and that I use two sites for the cryptocurrency, CoinSpot (multi-wallet and swap site) and Coinjar (Bit-coin wallet and exchange). I emailed them a support email, asking for the exact same, as It is not clear if it's really a country/company policy that dictates exactly what goes on in such situations.


Cheers.

It is fairly possible to withdraw huge amounts of bitcoin since it is an investment. A user should be able to take as much as what the users deposits for it to work in the first place, it has a lot of users so it possibly has a huge amount of server storing bitcoins for investors and others smalltime users that wants to get involved as well.

[ruskytailz02]

It is possible but that big amount of cash or coins
I would probably go for small or chunks it on small various amount for security purpose and not making your self hot in the eye if something lets say government.
I recomend to split it in various amounts and withdraw it although the fee will be more high but the security of assurance is guaranteed

And in fact websites exchangers have limits on how much you can withdraw

[VanDeinsberg12]

Hello everyone,



I am still fairly new to cryptocurrency, therefore that challenge is probably dumb... bare with me personally.

If a person has Holdings that value tens of thousands of 83000, let us imagine $20,000,000 plus they would like to cash deposit and it for their banking account, is it possible?has Holdings that value millions of 2500, let's say $20,000,000 and they would like to cash deposit and it for their banking accounts, how is it feasible?

Since Just BTC isn't controlled by banks, it's up for your own exchange websites to handle this trade (so I assume), so who'll cover this cash amount into this individual?

I reside in Australia and that I use two sites for the cryptocurrency, CoinSpot (multi-wallet and swap site) and Coinjar (Bit-coin wallet and exchange). I emailed them a support email, asking for the exact same, as It is not clear if it's really a country/company policy that dictates exactly what goes on in such situations.


Cheers.

It is fairly possible to withdraw huge amounts of bitcoin since it is an investment. A user should be able to take as much as what the users deposits for it to work in the first place, it has a lot of users so it possibly has a huge amount of server storing bitcoins for investors and others smalltime users that wants to get involved as well.

"since it is an investment" is not the right reason to justify that everything could be withdrawn as long as it's investment, there's so many regulation that limiting the withdrawal from exchange, a money you have in bank, and many more. if you withdraw money as big as $20,000,000 then you need to inform your government and to accumulate the possible taxes.

[Spain2000]

as for as I know through my friends they didn't withdraw huge amounts and I myself is new to it I want to learn a lot about bitcoin when I earn some huge amount then I will come to know that can I withdraw huge amounts or not I can't say anything right now about withdrawals.

[Prettyme]

Hello everyone,



I am still fairly new to cryptocurrency, therefore that challenge is probably dumb... bare with me personally.

If a person has Holdings that value tens of thousands of 83000, let us imagine $20,000,000 plus they would like to cash deposit and it for their banking account, is it possible?has Holdings that value millions of 2500, let's say $20,000,000 and they would like to cash deposit and it for their banking accounts, how is it feasible?

Since Just BTC isn't controlled by banks, it's up for your own exchange websites to handle this trade (so I assume), so who'll cover this cash amount into this individual?

I reside in Australia and that I use two sites for the cryptocurrency, CoinSpot (multi-wallet and swap site) and Coinjar (Bit-coin wallet and exchange). I emailed them a support email, asking for the exact same, as It is not clear if it's really a country/company policy that dictates exactly what goes on in such situations.


Cheers.

I think in order for you to become safe it is better for you to withdraw small amount than huge amount. The more you withdraw huge amount the more you have been suspected by others. Everyone will ask you where did you get your money? Just like that. So just chunk it into small amount and withdraw.

[dmamigo]

Hello everyone,



I am still fairly new to cryptocurrency, therefore that challenge is probably dumb... bare with me personally.

If a person has Holdings that value tens of thousands of 83000, let us imagine $20,000,000 plus they would like to cash deposit and it for their banking account, is it possible?has Holdings that value millions of 2500, let's say $20,000,000 and they would like to cash deposit and it for their banking accounts, how is it feasible?

Since Just BTC isn't controlled by banks, it's up for your own exchange websites to handle this trade (so I assume), so who'll cover this cash amount into this individual?

I reside in Australia and that I use two sites for the cryptocurrency, CoinSpot (multi-wallet and swap site) and Coinjar (Bit-coin wallet and exchange). I emailed them a support email, asking for the exact same, as It is not clear if it's really a country/company policy that dictates exactly what goes on in such situations.


Cheers.

I think in order for you to become safe it is better for you to withdraw small amount than huge amount. The more you withdraw huge amount the more you have been suspected by others. Everyone will ask you where did you get your money? Just like that. So just chunk it into small amount and withdraw.

If the country has the capability to track your withdrawal, then it might be of no use. In a financial year if you withdraw 1.8 BTC at once or if you withdraw 0.15 BTC every month, you will be asked if the officials want to ask any questions regarding your money.

Many countries still haven't introduced KYC or AML policies, so there partial withdrawal might work.

[JaredStein]

It is possible to withdraw huge amounts if you are using an exchange that allows you to do so. If you are on some sort of centralized exchange then that is probably the case.