What does "large amounts of crypto" mean to you?
Discussion
Bags and bags of XRP waiting for $589. 🤣
As a hypothetical question, that standard should be whatever you want it to be. How would you move what YOU consider to be a large amount.
Here in Canada there are over thr counter bitcoin dealers that do cash for crypto up to 10 thousand dollars dsiky with no id.
Daily*
Are they legit/safe? Where might I find them? 👀
they are legit and safe, endorsed by local MPs some of them.
the only danger is entering and exiting the building if you find one in a shady neighbourhood.
Scarborough Bitcoin Address: 371 Old Kingston Rd, Unit#2, Scarborough, ON, M1C 1B7 Phone: (416) 726-0742 Office Hours: Monday – Sunday (9 AM – 8 PM) Get Directions. Buy and Sell Bitcoins in Person in Scarborough.
There is another safer place in Brampton, they recently moved from Orangeville, very reputable, i dealt with them regularly every pay day. But i cant find their new address in Brampton... much safer than Scarborough. But there are many that pop up and disappear regularly.
your other option is Bitcoin ATMs and use a burner phone number for anonymity but they charge about 9%. NEVER USE EXCHANGES OR YOUR REAL ID!!!!!
here is another useful link: https://learn.robosats.com/
in the current climate, its worth doing things slowly....
Let's say you had $10 million as an example. How would you move it from a Ledger to a bank? I know Ledger has partners through their marketplace, but they all have limits etc.
Also, let's say you bought all your coins from Binance and then try to cash them out through Coinbase. Would they be able to liquidate large amounts without collapsing?
Sorry for all the followups. Trying to learn and understand the system.
Then your question is not about bitcoin. But rarher about depositing large amounts of cash into your bank account. Anything over $2999 within 48 hours in Canada is flagged by Fintrac. If this is repetitive there may be conequences. Nothing to do with bitcoin.
Im talking legally. If I own 100 BTC and want to cash out. To buy a house or whatever. This is all hypothetical.
yes you can cash out person to person if you find a buyer.
you said specifically TO YOUR BANK ACCOUNT in your comment...
👀 I imagine a bank would have to be involved if we're dealing with millions in cash.
not necessarily, someone could also accept bitcoin as payment for a house, boat, car, etc. I have done this to pay for my wedding.
sure its not convenient and takes effort and organization.
Or yes you could give an exchange your ID card and send all the money there and pay your taxes like a good little slave.
The latter is not an option that crosses most peoples minds here on nostr.
The choice is yours! The world is your oyster!
use tor always! when swapping
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