this post was submitted on 25 Nov 2023
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Survey:How do you cash out? (alien.top)
submitted 11 months ago by Matt-ayo@alien.top to c/ethereum@blockchained.world
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With Coinbase clamping down on users, I'd be interested to know how people cash out.

Feel free to omit any details you don't feel comfortable sharing - and if you don't know what to share, better to share less.

I'd be interested to know:

  1. What service(s) are do you use to convert crypto into fiat?
  2. What's the greatest amount you've cashed out at once, or in a short time period?
  3. What Country are you in?
  4. Have you ever had funds taken from you due to regulations?

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[–] Mountain_Discount_94@alien.top 1 points 11 months ago

Can you make a good case for cashing out everything? If so, please include the number of figures in your portfolio.

I plan on keeping things on chain and making withdrawal to fiat when I need it. After years and years and six figures of transactions I've never had a problem with Coinbase, just remember to keep the withdrawal well under $10,000 USD as that's the threshold where alerts are sounded at banks.

If I ever had problems with Coinbase I'd probably either use bisq or use my dual nationality to open a bank account and do KYC in my other country.