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/biz/ - Business & Finance

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30112086 No.30112086 [Reply] [Original]

I send 3 BTC to test cashout on Coinbase and sell it for real dolars want to cash out and fuckers frozen my account for 2 weeks now. So i need to cash out over 70 bitcoins to real cash, please tell me how...

>> No.30112248

lol use kucoin/kraken and cash out little at time

>> No.30112264

Gonna basically have to launder that shit my suggestion is high stakes gambling best of luck

>> No.30112294

>>30112086
convert to WBTC and sell to a stablecoin on a DEX and sell stablecoin..

enjoy

>> No.30112344

>>30112294
or this but not sure if OP has the skillset required

>> No.30112360

>>30112294
wont selling the stablecoin incur the same issues as cashing out btc?

>> No.30112404

>>30112344
skillset required to install metamask and press a few extra buttons to approve coins, pay fee's ,accept transfers and keep track of a a wallet address?

NGMI with 72 BTC somehow, 2021 is one hell of a year fellas.

>> No.30112416

Don’t listen to these pajeets, simply go to binance OTC and sell in bulk

>> No.30112442 [DELETED] 

Send your BTC here and I’ll cash it out for you

39aFGtKiKGxd3y8twhCdqbxZVPph4MyVWc

>> No.30112472

>>30112086
You should have given your bank a heads up you would be receiving a large deposit from trading

You also need to engage an experienced (likely expensive) tax lawyer to help you through cashing out

It will be worth it

But as others have said, if you are wanting to cash out just put it into usdc and send to Gemini and loan it out to earn interest whilst you get your affairs in order so you can cash out

>> No.30112504
File: 6 KB, 276x183, elon.jpg [View same] [iqdb] [saucenao] [google]
30112504

>>30112086
>he thinks he can cash out

>> No.30112549

op dont cash out now btc is literally going to 6 figures soon yoy have been warned faggot

>> No.30112712

really don't cash out price is just going up. you feels very bad if you lose so much money with the next 10k pump.

anyway use kraken. I cashed out a million usd, send it to my bank account and wallah i have a million usd. wow if i keept the bitcoin it would be more.

>> No.30112737

X5 FOR SOME WEEKS, THAT’S SHOULD BE FOR BOMB ENQ

>these faggotsidiots can’t get it and still try to mine their trash shitcoins
>I am not a dumb who believes in this trash
>multiminer that is future for everyone

>> No.30112810

>>30112549
Six figure hell

>> No.30112853

>>30112086
If you were fine tying your bank or w.e to it in the first place just KYC yourself on localbitcoins or w.e and sell through there. Its not hard to cash out if youre doing it legally.

>> No.30112949

Cashout your btc in localbitcoins

>> No.30112957

>>30112086

Coinbase froze you or the bank?

>> No.30112966

Can't you just sell it for EUR or Australian dollars on binance and withdraw your spot balance to your bank account?

>> No.30113009

>>30112086
>fuckers frozen my account for 2 weeks now.

What account was frozen? Your CB or your Bank account? You aren't really clear here dude.

>> No.30113036 [DELETED] 

Hey guys.

Can you check out Mochimo?

I have seen it posted all over but I need to know if i should get in now.

>> No.30113176

>>30112957
>>30113009

Coinbase frozen my account and all my asstes on coinbase account, cant send cash, cand buy btc cant do shit... and they dont respond to my tickets for two weeks.

>> No.30113213

Depends. How much were they worth when you got them? Can you prove that you own the addresses that had them during that time?
If they were only worth chump change and you can prove you own the addresses that they were on, then it shouldn't be a problem. Don't do anything shady like the retards here are suggesting.

>> No.30113327

>>30113176
fucking jews

>> No.30113387

>>30113176
Cuckbase'd again

>> No.30113435

>>30112472
why would you need any of that to sell and withdraw to bank? There is literally no reason for there to be a problem.

>> No.30113516
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30113516

>> No.30114000

>>30112810
six figures each times however many BTC OP has is out of six figure hell anon

>> No.30114731

This is what I have nightmares about lol. I hope Wells fargo eventually accepts crypto so I can completely bypass Shitbase. Fuck them locking up your bitcoin

>> No.30115173

>>30112404
this is why I don't believe anything anymore

>> No.30115202
File: 174 KB, 747x1000, coinbase.png [View same] [iqdb] [saucenao] [google]
30115202

how to get back my 3 btc from fuckers coinbase now?

>> No.30115292

Why did they restrict your account?

>> No.30115299

>>30112472
Do you need to notify a bank of large funds coming? I am about to pull out 30k, do I need to call my bank about that? I thought if it came from coinbase they wouldn't care since coinbase is legit with its IPO coming out?

>> No.30115334

>>30115292

I dont fucking know cuz they dont respond my ticket i send them two weeks ago, how do fuck i know? I got fully AMC KYC account and they fucking froze my assets.

>> No.30115428

>>30113176
strange. I cashed out like 3 times that amount through coinbase like a month ago without any issues.

>> No.30115476

>>30112086
you think we can relate to you? we can barely accumulate 1 btc. I suggest you give back to the community and donate some of your gains to charity.

>> No.30115490

There are a lot of exchanges try other ones depending on what region you are in. If you are in europe try bitpanda

>> No.30115546

>>30115428
I think its because he moved it to coinbase from his wallet. I think coinbase is pretty easy if all transactions happened within coinbase. That or KYC and he didn't put enough info or he is not in a place where coinbase can operate.

>> No.30115665

>anons calls the bank
>"I am going to deposit a large sum"
>"Ok no problem, what's your acct details"
>"Oh no, I mean soon, I just wanted to give a warning"
>"Oh, ok. Did you want to open a new account? How much Sir?"
>"30k"
>"Sir, this line is for important calls only, please hang up"

>> No.30115805
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30115805

>>30112086
Try https://coin-metro.com/
They allow $500K monthly and this limit can be removed with source of wealth.

>> No.30115904

>>30115334
Issue is that you are probably a drug dealer on the dark net markets, coinbase looks at the wallet your btc came from and if came directly from a dnm well you're fucked and they will turn you in to the feds.

>> No.30116120

>>30115299
????

>> No.30116141

>>30115665
hehe

>> No.30116226

>>30112712
>price is just going up

Fuck you're right. What the fuck happened while I was sleeping? Europeans didn't dump for the first time in 2 weeks. Now I just gotta hope Americans don't dump either.

>> No.30116255

>>30112086
low quality larp

>> No.30116275

>>30115904
Weed is legal is most states now it's not fucking 2011 anymore.

>> No.30116281

>>30115202
you're on buy, just sell xD

>> No.30116332
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30116332

>it's the 2021 giga bull run
>some dude with 4 million in BTC isn't gonna make it because he can't figure out how to use alternate dexes/cexes to move money around

Hell of a ride.

>> No.30116378

>>30114000
With 75 BTC he'll have 7.5 million fiat. If it goes to 300k like the giga bull thesis says he'll have 22 million.

>> No.30116397
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30116397

I never understand this, are you guys larping? Coinbase has never given me any trouble, even before I bumped my limits up.

>> No.30117374

>>30116397
well yeah they obviously dont screw over 100% of people

>> No.30117537

OP is conviniently forgetting the part of how he got his bitcorns, if you aren't being honest we can't help you nigga

>> No.30117808

>>30116275
still illegall federally you dumb stinky scumbag

>> No.30118022

>>30117808
Federal government has less power than you think, especially now that states like TX have basically the entire economy while Bidden is trying to give free shit to NY so they can prop up their stagnant state. The federal government is so weak and hated I can easily see a return to 1830s confederalism at this point. Austin and Tallahassee are where all the power is now, DC is nothing.

>> No.30118279

>>30113435
>why would you need any of that to sell and withdraw to bank? There is literally no reason for there to be a problem.
because if youre just making like 3k after taxes a month for a decade and suddenly 50k pops up theyre gonna raise suspicion. that being said, a lot of banks probably wont give a shit but definitely pay tax on that shit or youre a colossal retard. also sounds like op has a new coinbase account so of course he got locked out trying to cash out mass amounts asap

>> No.30118717
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30118717

>>30116275
No it isn’t.

>> No.30118862

>>30118717
https://disa.com/map-of-marijuana-legality-by-state

Only a handful of states where smoking gets the popo after you nowadays.

>> No.30119125

Have 73 BTC and dont know what to do.

NGMI

>> No.30119392

>>30115904
How can the dn dealer cash out then?

>> No.30119602

believe me or not, but i have between 400-500 btc worth of BTC/XMR/LINK

that is $22.5 million. i have been buying crypto off and on since like 2010.

i don't know what the fuck to do with it.

>> No.30119751

>>30119602
treat yourself to something nice. buy property, do whatever the fuck seems like a nice idea

>> No.30119896
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30119896

>>30112248
Oh jesus you guys are fucking doomed aren't you?

>> No.30120172

>>30112086

Cashing out slowly in 1-10k dollar installments with different exchanges will probably stop accounts getting frozen. Taxman might still notice though. Just some non advisory info: laundering works through high risk bets like other anons here proposed, or you can channel money through off shore accounts.

Some people also sell directly through brokers. This is how north Korean exchange hackers cash out. Basically they will find a buyer for a fixed agreed upon price and it will not go through exchanges or cash out platforms.

>> No.30120423

>>30115202
Call them names on the subreddit and they respond. Talk about reporting them and blah blah blah. Only way to get through to them. I had to cash out through paypal from coinbase because they were being a dick about my bank account

>> No.30120483
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30120483

>>30118862
But because it’s all federally illegal, when you apply for a lot of real jobs or special permits and licenses you get refused. I’m a defense contractor and I can’t use substances as they interfere with my clearance, my job, and special weapons permits/licenses.
People that say it’s not illegal are ignoring a big part of the picture.

>> No.30120597

>>30115202
have you tried not being a terrorist?

>> No.30120653

>>30120483
The federal government is gay and taxation is theft.

>> No.30120721

>>30119602
>>30119751
Many businesses straight up accept BTC nowadays.

>> No.30120749

>>30120653
Well yeah.

>> No.30120762
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30120762

I don't respond to bait. I do respond to DIA.

>> No.30120828

>>30112086
You can flat out buy gold and silver if you want.

>> No.30121205

>>30112472
fuck taxes. our election was stolen, no way we are paying taxes

>> No.30121305

>>30115202
are you chinese

>> No.30121415

>>30120483
Not sure how that applies to anyone but you or the few people in your predicament. Thanks for the info

>> No.30121482

>>30121205
Yeah, fuck taxes, I don't even renew my car tabs anymore. Fuck jannies too

>> No.30121768

>>30119392
he can't kek
all he can do is use mixers between btc and monero and withdraw lower amounts but in terms of actual withdrawals like 10k+ he needs fucking proof
also localbitcoins got shut down so gl to the rich anon

>> No.30121830

>>30121415
Almost all companies with a government contract, firearms enthusiast and soldier is included in the group I mentioned. You may not know people in the group but they aren’t a minority.

>> No.30122270

>>30117537
yeah probably low iq scammer trying to cash out

>> No.30122402

>>30112404
>trusting a browser extension with almost 3 million dollars

>> No.30122492 [DELETED] 
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30122492

>>30112086
Can I have 0.01 BTC please, anon? I'm a poorfag and it would change my life. Do the needful, good sir.

3A8qkvwP329ZbPoGgsrkeBfmbsz32WquwJ

>> No.30122705
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30122705

>>30122492
No begging is a rUUUUUle!!!

>> No.30122815

>>30118279
why. it's your fucking money. all these systems are to prevent anyone from making any fucking wealth. and when you've too much wealth you don't mind the skimming process of lawyers to evade tax code. designed to fuck over anyone making progress.

>> No.30122846

>>30122705
I'm seeing if he'd like to invest in futureme©, anon.

>> No.30122899

https://monolith.xyz/

Move your money to stablecoin of choice on the Ethereum blockchain, get a Visa card here and spend your crypto however the fuck you want.

>> No.30123082

>>30122815
Google the difference between "should be" and "is"

>> No.30123083

>>30112086
Go to Hong Kong cash out and deposit money into Hong Kong Account, wire transfer to different accounts you have in Philippines, Saudi Arabia, Mexico, and Sicily. Them move $10K from each account into your US based brokerage account every two weeks. Then transfer to your main checking account when you need money.

>> No.30123202

>>30112086
is your account verified anon?

>> No.30123214

>>30123082
Get a life

>> No.30123340

cash? lmao, bitcoin isn't worth anything, it's a theory

>> No.30125044

>>30123202
doubtful and most likely had a transfer limit.

>> No.30125294

go to russia and sell it for cash

>> No.30125954

Has anyone in Canada cashed out from an exchange to their bank without the bank shutting down their account?

>> No.30127000

>>30125294
Former Soviet states would be a better option

>> No.30127174

>>30112294
let's pretend im the tax authority. the bank has notified me that an individual has received a large deposit. how do you explain this to the taxman?

>> No.30127314

>>30123083
negative. Hong Kong has signed the CRS. they are obliged to report any foreigners who hold bank accounts to their country of origin.

>> No.30127563

Open an account on kraken, bitstamp, etc all major exchanges, + binance, then convert btc to xmr on binance, withdraw it, send xmr to kraken or other exchanges that support it and withdraw the usd.
In small quantities of course.
Plus go to reddit and make a thread a day about how coinbase fucked you over , the do the same thing on twitter, until they reach out to you.
They really don't like bad PR in the middle of thz bullrun.

>> No.30127770

>>30127563
Or do as I have, go to localbitcoins, reach out to buyers there ask if they can do cash.
Meet in a coffee shop with people there, take the money and send the btc, be smart about it seize them up, check the money if it's legit.
0 taxes paid plus I only sell as much as I need and keep the rest as usdc on my ledger.
But this cash thing needs social intelligence because I had to walk out on many transactions because the guy seemed tricky, don't know how to describe it, just tingled my spider sense.

>> No.30128665

Just take out a loan on it, fuck coinbase

>> No.30129223

>>30127174
It's a stable coin you idiot. You can safely hold usdc /Dai /.. etc forever without losing your gains. When you want liquid cash just pullout 5k at a time.

>> No.30129403

>>30129223
Holding a stablecoin is not ‘cashing out’. Withdrawing 5k won’t trigger suspicions. But how many times will you do it before it gets suspicious? 8 times? 90 times?

>> No.30129518

>>30128665
>Just take out a loan on it, fuck coinbase
This. Why pay taxes? Take out a loan in fiat thru blockfi, Celsius, unchained, etc.

>> No.30129705

>>30112086
Sell OTC dummy
Kraken's OTC desk is good, their regular trading is a bit fucked tho

>> No.30129719

>>30122815
These systems are designed to stop criminals. Waiting two weeks for a massive payday isn't a big deal for non-criminals. I know as a dishonest person this is probably a nuisance to you.

>> No.30130036

>>30127770
What you're describing guarantees you're working with criminals. Either people who might want to scam or steal from you or people with the express intent of committing tax fraud or money laundering. Then of course you're painting a bullseye on you for the government to see that screams "investigate me for money laundering and tax fraud". If a criminal can meet you in the coffee shop, so can the feds.

>> No.30130165

>>30112086
you have 70BTC and don't know what to do?

>> No.30130379

>>30121205
Kek, i hate the uk but american tax laws are fucked

>> No.30130509

>>30115805
They don't even have a card that I could use.

>> No.30130909

>>30112504

That's the problem with Ponzis... the problem is cashing out

>> No.30131062

trade for xhv, mint xusd in your vault with xhv. link cc card to vault.

or wait until they have more xassets and spread it around xusd, xgold and xeuro.

>> No.30131245

>>30129518
I keep seeing this advice but it strikes me as smooth brain no-coiners talking to each other. If the interest rates on the loan in question are higher than the average returns you can expect to make with the capital then what's the point?

>> No.30131310

lol I legit designed and wrote that UI for electrum in 2011. how did u find it?

>> No.30131550
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30131550

>>30129223
> When you want liquid cash just pullout 5k at a time.
https://en.wikipedia.org/wiki/Structuring

>> No.30131823

I have a low IQ, help me find a flaw in my plan.

Could you not predictably swing trade BTC through the ETF? The ETC is only open during Toronto hours, so if you check once daily just prior to market open you can see what movements were made during after hours and know whether to buy low or sell high at open. Low effort, predictable results.

Am I clinically retarded? This seems too easy, what am I missing?

>> No.30131980

>>30130379
>oh no American taxes
>let's just pay an extraordinary national consumer tax
You guys pay many times more taxes than the average American.

>> No.30132739

>>30131823
Big boys can trade outside of market hours and once the markets open for the the price will already gap up or down to reflect the real price. Sorry, the game was bogged from the very beginning.

>> No.30133032

>>30132739

I feel like an idiot now, thanks anon for pointing that out.

>> No.30133224
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30133224

>>30116332
Heh. Nothing personal, kid.

>> No.30133257

>>30112712
Did you KYC though? I refuse to take a selfie to anyone.

>> No.30133485

>>30112248

I have Kucoin & didn't think you could actually cash out through them (exchange only)?

>> No.30134801
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30134801

>>30112404
Kek millennial boomers btfo