How to cash out on day x a lot of money in germany?

[catcoincurrency]

What are you gonna do if you feel like retirement someday and want to cash out some of your crypto? I saw a lot of exchanges have a limit like 15.000€ How would you do that in germany/ europe?

[OmegaStarScream]

The limits you're referring to are clearly not "lifetime limits" and also, that's not the problem, as If you're Europe you have an endless amount of exchanges to use so limits can easily be bypassed. It's mostly the bank that you should be afraid of (freezing your account) of but even then you could use ATMs (Germany don't have these but they're available in most of the other European countries), trade face to face (cash) with other people, use Western Union, etc. Basically a combination of multiple methods.

[alrose]

I see no reason to panic.At the moment, there are a lot of exchange offices,which also have their own dealers.The dealer will be able to come at any time and place convenient for You and exchange Your cryptocurrency in any quantity.(most importantly bring a friend for more safety)

[Lucius]

€15.000 limit is not a small amount even in European terms, and in some countries (EU) you need to work 2-3 years to earn that amount. But as OmegaStarScream is say, this is not lifetime limits, but only limit for one withdraw.

Germany is the dream of many crypto owners because they have a law that person does not have to pay any taxes in case you buy and hold bitcoin for at least one year or more. So this is crypto-friendly country, not Japan where people in some cases need to pay up to 55% tax

As opposed to most developed countries, Germany doesn’t see cryptos as currencies, commodities, or stocks. Instead, Bitcoin and altcoins are considered private money. This distinction is important, since private sales bring tax benefits in Germany.

According to rule 23 EStG, private sales that do not exceed 600 euros are tax exempted. But perhaps even more interesting is the fact that you pay no tax if you hold your Bitcoin, Litecoin, Ethereum, Ripple, or other altcoins, for a period of over one year. No matter how much you make selling your cryptocurrencies, you don’t pay tax on the capital gains if you’ve held them for over one year.

https://www.nomoretax.eu/bitcoin-tax-haven-germany/

[DdmrDdmr]

<…>

Exchanges have limits based on diverse criteria, which is different from one another. For example, Coinbase Pro has a withdrawal Limit of 10k$/day (under certain circumstances, the limit may be increased). Kraken, with an Intermediate account seems to allow for 100K$/day, with a 500K$/month limit (Pro account has higher limits). You’d have to study a bunch of trustworthy exchanges when the time comes, and compare conditions at the time.

As @OmegaStarScream indicates above, I would be more concerned with having issues with the bank, and in a second order of concern, getting things clear for taxation, being able to demonstrate the origin of the income (and it’s not simply "from the sell of BTC", but rather more being able to trace when the BTCs were originally purchased, if, when and how trading was involved, etc.).

<…> you could use ATMs (Germany don't have these but they're available in most of the other European countries) <…>

This list may not be up-to-date, but it seems to list 34 BTC ATMs in Germany: https://coinatmradar.com/country/80/bitcoin-atm-germany/
Not all allow you to sell BTC, and there are limits specified (in some cases) of a couple of €K before needing to use ID.