How to cash out large amounts of bitcoin?
3 ways on how to cash out large amounts of bitcoins!
The most common ways to cash out large amounts of bitcoins are:
• Peer-to-peer sales
• OTC brokers
• Crypto Exchanges
With that said, here are some of the platforms you can use to cash out large amounts of bitcoins.
Coinbase withdrawals are unlimited. That is if you transfer funds to the wallet created on Coinbase. In short, users can withdraw funds to their bank account only after selling the bitcoin to your wallet.
A P2P platform supports bitcoin and has no maximum withdrawal limit there since every seller can provide his own maximum and minimum amount.
An established brokerage company, Coinmama is suitable for withdrawing large bitcoin amounts, however, the withdrawal limits depend on 3 factors: payment method, state regulations and the account verification level.
Another reputable crypto exchange, Kraken allows users to exchange large amounts of bitcoin to USD and other fiat currencies. The withdrawal limits of Kraken both for crypto and fiat currency depends on your verification level.