How do you cash out 7 figures?

[Anonymous No.30191405]

You just turn everything into Bitcoin, send the Bitcoin to an exchange and withdraw in $? I've cashed out small amounts before, but not sure if they will allow me to withdraw 7 figures just like that.

[Anonymous No.30191439]

[Anonymous No.30191452]

you dont

[Anonymous No.30191651]

>>30191452
No, seriously. I need to know. The greatest rally of all time will happen in a few months and I need a plan.

[Anonymous No.30191733]

>>30191405
Sign up to multiple fiat exchanges
Check their limits
For example it's 500k monthly on coin-metro.com
Transfer smaller sums per exchange per month, like 100k.
Done.

[Anonymous No.30191739]

you cant

[Anonymous No.30191747]

>>30191651
you buy cryptopunks and then print them out and sell the copes hand to hand

[Anonymous No.30191767]

>>30191651
>implying its not over
Ngmi

[Anonymous No.30191864]

last i heard its not the exchanges that cuck you, it's the banks withholding the transfers or freezing accounts. crypto is used to launder money so the banks are very suspicious when huge sums like that drop in accounts completely out of the blue

[Anonymous No.30191895]

>>30191405
dont cash out
just take out loans collateralised by your bitcoin, pay off the interest, and when the term is up take out another loan against your bitcoin to pay off the first one, rinse and repeat, never pay taxes again

pic related
read this thread for more >>/biz/thread/S30101313?__cf_chl_jschl_tk__=6ea14a50f6a8840ccd1cc6d80c6135e93796738f-1614858499-0-Ad8bvW58RVrtl7sdPGk2Y7S3aBo7ASj-WxNnTTYuPn5nfsNR1aqy1DBm4-Fu3Y_PhOR5Q1xuTex5MZn3dDz988Yz-H-zKobmF9PQvEyyfMoouC86Ra2MfQXBWkIVswNoVUcoetPnqvDjQwjFQrogf1g8LhtxxaaIUno7xtPf9AbeKsWTBUMoKJksqWmHYx6yYDNGdVT5EDQZirQHVtke9FtoHUwSwGp3Kt5ErMTMPITIHvJYxK-V77JZAhIQzPbmr4Dkv-jaiN2nkcGDstIKt5ozYxh1T3reBAb7Q2rNvFF1_LTJ59kr_lhf7TWKjktlEPqB955yr5sgTjKSLXoXOic#p30101313

[Anonymous No.30191915]

>>30191733
this basically, binance is 50k a day i think?

[Anonymous No.30192042]

Trying to cash out a 7 figure lump sum you say? I like the sound of that

[Anonymous No.30192124]

>>30191767
Don't even waste your time, it's like speaking to brick walls with half of them. Probably because they're literal kids trying to chase the crypto pipe dream of turning 500 into 50m. They'll never understand the relationships between the economy, the stock market, tether, and bitcoin.

[Anonymous No.30192186]

>>30191895
Who the fuck allows you to place bitcoin as collateral ? lmao

[Anonymous No.30192236]

>>30191405
If your bitcoin is already in your own wallet then what's the problem? How much more cashed out do you need to be?
It's like if I walk into my bank and slam stacks of $100's down on the counter and tell the cashier to cash me out.

Trade it for Tether if you love fiat so much.

[Anonymous No.30192237]

>>30191405
First of all, dont cash out.
If you insist DONOT sell everything, make sure you leave 25% in, more if you can.
That way in 5 year when btc is 800k you wont suicide.
If trying to get 7 fig fiat out
1-kyc coinbase or gemini
2-find bank that is friendly, I personally use a tiny local bank.
3-go meet bank manager in person, explain situation, they will likely ask for some proof/show them account info etc
4-cash out

The issue the banks have is some neet with a 1000 dollar balance in there checking account suddenly starts getting huge deposits, it looks suspicious, so shit gets frozen. This is what you are looking to avoid.

[Anonymous No.30192285]

Maybe you can convert to Monero and then sell the Monero for cash on localmonero

[Anonymous No.30192580]

>>30191895
But with this you are just doing loans but not selling your BTC to FIAT? And this last thing is the real purpose: FIAT.

[Anonymous No.30193053]

>>30192580
the loans are denominated in fiat retard

[Anonymous No.30193165]

>>30191452
/thread/

[Anonymous No.30193298]

>>30191405
You cant, theres a reason the banking cabal had cryptos created, to herd all the sheep into their digital ponzi and when the time was right, press the button and crash the system and cause the great wealth transfer.

Heres the best advice you will have in your life and im going to give it to you right now free of charge, take those crypto "profits" and find a gold/silver dealer and buy as many silver monster boxes as you can.

Thats your only way out.

[Anonymous No.30193326]

>>30191895
So let me get this straight

> Have $1M in crypto, say, BTC
> Take out $1M loan at 1% interest, with BTC as collateral
> Now you have $1M in cash, BTC locked up, and need to pay back $1,010,000 at some point in future
> Take the cash you just borrowed and buy bonds which return 2% interest with end term just before loan payback is due
> End of term, receive $1,020,000 from the bonds, pay back the $1,010,000 on the loan, get back control of your BTC
> Pocket the $10,000 difference as income?

1. did I get this correctly
2. Where's the catch? Say, BTC drops in value while it's being held as collateral, now the loan providers wants you to top up or else they'll just take your BTC? something like that?

[Anonymous No.30193412]

>>30192186
gemini
nydig