How do you sell a million dollars bag of crypto? Would you trust exchanges?

[darkangel11]

First of all if I had millions in crypto I wouldn't sell everything. This can be a real fortune one day and you should never burn bridges behind you and forget about an investment that brought you these millions.

If I had to sell I wouldn't do it in one go so that I don't fall through supports and crash the price. Why sell first million for 9,5k and the next for for 8k when you can sell it all for 9,5, right? You just have to go slow.
The best way to sell large quantities is OTC trading. Get someone to buy this in private and you'll do it the safest way possible.

[lumeire]

Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

I will definitely trust an exchange for that amount of money as it provides enough liquidity to us for selling our bag and not dumping the price of the coin that we are selling.
Whereas in case of p2p trading I would think twice before that large amount of trade as the person can run away with your money or can scam you in some way, so you should be cautious,as I have been scammed many a times for some large amounts of money.

[mb2122]

I would prefer to use OTC for large investments and also to also have a look at the regulative environment.  

[Kambal2000]

First of all if I had millions in crypto I wouldn't sell everything. This can be a real fortune one day and you should never burn bridges behind you and forget about an investment that brought you these millions.

If I had to sell I wouldn't do it in one go so that I don't fall through supports and crash the price. Why sell first million for 9,5k and the next for for 8k when you can sell it all for 9,5, right? You just have to go slow.
The best way to sell large quantities is OTC trading. Get someone to buy this in private and you'll do it the safest way possible.

I wish I have millions of crypto too, but if I do have, and it is already worth million dollar now, then I won't wait for long, I will definitely sell it immediately, if that coin becomes higher after I sold it, I won't hesitate and won't say that I shouldn't sell it, because we don't know what will happen in the future, so I will just sell it and use it for traditional business as well as invest some properties.

[Bananington]

Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

If you want to sell a huge amount of crypto worth 250,000$, Binance should be your best choice in my opinion. Well, to reduce risk if you are skeptical, I will advise you do that in parts, say 50,000$ five times and not all at once. Also ensure your account is verified to highest level before the transaction.

[Colt81]

Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

If you want to sell a huge amount of crypto worth 250,000$, Binance should be your best choice in my opinion. Well, to reduce risk if you are skeptical, I will advise you do that in parts, say 50,000$ five times and not all at once. Also ensure your account is verified to highest level before the transaction.

Binance is really the best choice when you are about to sell a huge amouny of crypto that are worth $250,000 because binance is the biggest cryptocurrency exchange in the whole world in terms of trading volume, so there are no possibilities that you could get scam or lose all of your money from it because you can trust this exchange.

[dimonstration]

Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

If you want to sell a huge amount of crypto worth 250,000$, Binance should be your best choice in my opinion. Well, to reduce risk if you are skeptical, I will advise you do that in parts, say 50,000$ five times and not all at once. Also ensure your account is verified to highest level before the transaction.

If I would have such amount I will not engaged it in exchanges, there might be someone here in the forum whose also willing to buy it , I have read before looking for buyesr or seller for bulk amount of BTC, depending on how the agreement of both parties it can be possible or in your country who might do transaction face to face to know him personally.

[Fappanu]

No one tries to scam you because your crypto is placed in the exchange wallet that is safe and not accessible to hackers. And if it is lost due to the negligence of the exchange you can complain and get it back to you when it is proven to be lost due to their negligence.

Binance Houbi and Okek are reputable exchanges so your funds put into their exchange are definitely safe, All you have to do is obey their laws so that your funds can be well protected. Because the exchange you mentioned is not responsible for the loss of your funds due to phishing, viruses and other things that could lead your funds to be stolen.

[boltz]

I doubt the law can protect you especially in that condition but hey , don't do it , sell your bag in small parts , 1 at time in multiple exchanges ...don't rush to sell it all at once. If that is someone idea , to sell all his bags at once if he hits 1mil$ in 1 coin or multiple coins , don't do it!

Personally I would deposit small amounts , convert them into Bitcoin and withdraw even if it takes me 10 days in order to prevent to be scammed by exchange ...patience wins the race in the end. I would also not sell all my coins into 1 exchange... .

[deodivine1]

Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

Binance and OKEX can handle huge amounts like 250,000$ transactions worth of crypto. You can as well divide the amount into three and sell in parts. Some whales do more than that amount of transaction on Binance, hence I don't think there is any reason to be skeptical. Well, I would have preferred if there are decentralized exchanges capable of handling such huge amount, DEX are still having issues with trading volume.  

[asus09]

What must to protect if you have much money you can sell on exchange market have bigger volume transaction for buying order, you have looking which one exchange market have big volume transaction to sell your coin, if you find with exchange market less buy volume you can't sell your assets, but Binance is best choose for selling your altcoin because have many buying order transaction.

[disconnectme]

Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

You need to do it on exchange and do not underestimate some of these exchanges, some of them deal with million of Dollar, but if you don't want to raise duct, just scale in and out of exchange, like move your asset in $20k to like 5 major exchanges, sell and move your money and repeat these process until you have sold all

[kawetsriyanto]

The first is to ensure whether the coins are available on the exchange to sell.
Second, the amount is too much and it is very risky. If you need immediate funds or cahs, it is better to divide the amounts into several big exchanges, not only one. It will be useful to avoid losing or minimize risks.
Second, if you don't need the cash immediately, I will suggest you make a step-by-step selling token or coins.

[Shallow]

Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

This is a big question and of a truth due diligence and carefulness have to be employed. In my own opinion, is won't trust any exchange with such amount. But to sell that, I will sell it in badges no matter how long it takes. They said patience is a virtue, thus will be patient and sell gradually till am done. Also, to quicken it, will sell in different exchanges.

[Pinkris128]

Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

Having enough funds to finance your investment is a good thing but not that much. A large amount of capital does not guarantee a large or proportional amount of profit. In this industry, everything can go up or down so, it will be not wise to invest all of those money in one place. If you truly wish to invest all of that amount, divide it and distribute it to each coin that you think has the potential to grow even further in the future.

[stephanirain]

Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

The amount is too high and it is better to allocate the money into several cryptos to reduce the risk of losing too much. One coin can fail but at least the others can pull up. If I'm going to be asked, most of the money will be invested on btc, then the strong coins in the ranking, and the new coins in the market (some IEOs). The variety in the profile of your coins should be kept because you have a lot of funds but be sure to keep track with all of them.

[akmal1984]

Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

I will still trust the great exchangers like you mentioned above. Because for us maybe it's a very large number. However, for them it is only a small part of the transactions that occur every day in their market. They already have a very good track record so far. So why are there any doubts?
Even if we have a large market, we are doubtful, it means that we are not suitable to be in the crypto community

[biddicoin]

all exchange do you listed are good exchange, those are trusted exchange in this cryptocurrency
if you wont sell on those exchange, so where will you sell it? i think nothing can to do
you maybe wanna sell on DEX, but we all know that DEX just has low volume. it doesnt have good liquidity
so, one and only one you must sell to CEX

[xiboothrezi]

Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?

Do with your own risk. Regarding security, it's better to use the decentralized exchange, there are many choices, Binance is one of them. You have to understand the risks, so it's easier for you to prepare for prevention. This is where it is important that you understand cryptocurrency well, especially if you involve large amounts of money, this should make you more concerned about doing research, and not just rely on the opinions of others who are more subjective. Use and apply investment principles such as "don't put all your eggs in one basket", "never invest more than you can afford to lose", because cryptocurrency is quite risky, where you cannot depend and blame it on anyone.

[zhengqi]

This is a very large sum. I wouldn't sell the whole amount at once. I think it would be better for you to divide it into several parts and sell it gradually.