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December 30, 2017, 04:23:34 PM |
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Hi
If someone theoretically cashes out if a cryptocurrency they invested in at binance (where you have already sent say ethereum to binance to buy some cryptocurrency that you can't buy at coinbase) makes them a good return, say 500k or even a million pounds can someone explain how one gets the money into their bank account?
Would you have to sell your currency say xrp at binance or do you convert it to ethereum again and then send it to coinbase, almost the reverse process as in sending ethereum to binance from coinbase?
How would one cash out at binance as once you send your money or eth etc how does one go about transferring 500k to 1 million to your bank account when coinbase has daily withdrawl limits?
Or do you withdraw 1 million in stages to your bank account or do coinbase allow you to raise your daily limits for such an amount?
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