How to convert Large amounts of crypto into cash!

[Oldman.]

I see this question a lot.
I tell people that you can sell on coinbase but I think they don’t understand there are two different coinbase sites. One for us small buyers/sellers then one for the big boys.

Gdax is where you sell large quantities of crypto. I see 100grand transactions happening every few min.

Global Digital Asset Exchange - GDAX

There are others but this is how you would sell a million dollars of crypto and get fiat currency.

Also you can watch the sales as they happen. Like the stock market.

 

[MindlessWork]

Good luck trying to bring all that cash home, as you may wind up on the IRS's radar.

 

[Oldman.]

Of corse you would have the irs after you but I get the question many times, as if it’s not possible to convert to cash and it’s all fake.

 

[MindlessWork]

Of corse you would have the irs after you but I get the question many times, as if it’s not possible to convert to cash and it’s all fake.

And not all exchanges are aboveboard. Buyer beware still applies even with crypto.

 

[ulfbehrt]

I see this question a lot.
I tell people that you can sell on coinbase but I think they don’t understand there are two different coinbase sites. One for us small buyers/sellers then one for the big boys.

Gdax is where you sell large quantities of crypto. I see 100grand transactions happening every few min.

Global Digital Asset Exchange - GDAX

There are others but this is how you would sell a million dollars of crypto and get fiat currency.

Also you can watch the sales as they happen. Like the stock market.

Interesting, thanks bro.

 

[EcpertRealistic]

Just get a crypto debit card or transfer to coinbase

 

[Oldman.]

Gdax is coinbase

And yes they make bitcoin debit cards.

 

[ulfbehrt]

View attachment 81250 Gdax is coinbase

And yes they make bitcoin debit cards.

So when you load the card the funds are set and not inclined to fluctuate based on Bitcoin price?

 

[Oldman.]

You know I don’t know how they work just that they have them. I will read up on the terms and conditions.