Withdraw to Dollars outside of Coinbase/GDAX?

SoFi ehGL33
Feb 15, 2018 19 Comments

I’ve got crypto in wallets, Binance, Bittrex, and Coinbase. I’d like to take some money off the table and into my bank account, but would prefer that not be done with Coinbase/GDAX. Anybody know how else I can withdraw?

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TOP 19 Comments
  • This comment was deleted by original commenter.

    • Facebook public
      Yea gotta do under 10k each. Taking forever to get fiat out.
      Feb 15, 2018
  • Pure Storage Fringe
    Why not?
    Feb 15, 2018 1
    • Leidos hobknob
      My guess is OP is afraid that the transaction is traceable to a real person, hence, taxable when coinbase reports to IRS or report as suspicious activity.
      Feb 15, 2018
  • Netflix fs92
    Maybe you can just... Pay the taxes? You'll pay money now or time in prison later.
    Feb 15, 2018 0
  • Amazon uuy4fx
    Probably tax evasion
    Feb 15, 2018 0
  • PayPal Oogtsscvhb
    Why not?
    Feb 15, 2018 0
  • SoFi ehGL33
    OP
    I know how much I’ve made but how do you calculate it all when every transfer should be taxed? Super weird. Also y’all really over-react about taxes. No one is going to prison for a few thousand owed for crypto taxes
    Feb 15, 2018 1
    • Facebook public
      Haha op works at sofi
      Feb 15, 2018
  • Microsoft
    yMcg47

    Microsoft

    BIO
    Amicitiae nostrae memoriam spero sempiternam fore
    yMcg47more
    Transfer to a wallet. Buy on overstock and return the goods for money
    Feb 26, 2018 0
  • Amazon aWxr07
    If you're looking to liquidate over 100K, use an OTC like Cumberland Mining. Would never use an exchange to cash out due to the restrictions and fees that are imposed.
    Feb 20, 2018 0
  • Amazon kvkF50
    Try meeting a person and exchanging cash for bitcoins on blind . Remember to carry protection .
    Feb 15, 2018 0
  • SoFi ehGL33
    OP
    Can they trace international exchanges like Binance?
    Feb 15, 2018 0
  • New / Mktg
    BeKind2You

    New Mktg

    PRE
    AKQA
    BIO
    I've worked in advertising for the last 16 years on global brands and digital campaigns. Now I run a small digital production team.
    BeKind2Youmore
    Just FYI the nsa fbi sec and other agencies are pooling resources to target tax evaders and money laundering in crypto. Would be damn foolish to think you can outsmart them and avoid taxes.
    Feb 15, 2018 0
  • SoFi ehGL33
    OP
    Yes I am trying to get around Coinbase reporting it, especially when just used as a transfer mechanism. Most of my money made is from altcoins too
    Feb 15, 2018 0
  • Microsoft / Eng Archer9
    Aren’t they all traceable and require ID verification?
    Feb 15, 2018 0
  • Netflix fs92
    Why not?
    Feb 15, 2018 0
  • New / Eng bigN4
    Why not?
    Feb 15, 2018 0
  • New / Mktg
    BeKind2You

    New Mktg

    PRE
    AKQA
    BIO
    I've worked in advertising for the last 16 years on global brands and digital campaigns. Now I run a small digital production team.
    BeKind2Youmore
    Try local bitcoins . Com
    Feb 15, 2018 0
  • New / Mktg
    BeKind2You

    New Mktg

    PRE
    AKQA
    BIO
    I've worked in advertising for the last 16 years on global brands and digital campaigns. Now I run a small digital production team.
    BeKind2Youmore
    Why not
    Feb 15, 2018 0