NewTdbe77

Successful traders: How do you withdraw your funds?

I looked at Coinbase, Gemini and Kraken and all seem pretty restrictive on getting money out with fairly low daily/weekly limits etc... How do you do it?

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Facebook HODLer Jan 3, 2018

Apply for limit increase. GDAX increased mine to $100k per day with no issues

Adobe Lady MAGA Jan 4, 2018

And sent a notice to IRS that they need to visit somebody this March.. make sure you file the taxes right.

LinkedIn Crab 🦀 Jan 3, 2018

But in GDAX you cannot sell for USD. I guess OP was asking about converting to USD with higher limits. Coinbase is only 15K per week I guess.

New
Tdbe77 OP Jan 3, 2018

Yes, I'm looking for ways to convert to USD. Actual money in a bank account, not tether.

Facebook Sona Jan 3, 2018

Also curious how.

SoFi ehGL33 Jan 3, 2018

Was just thinking about this. If you sell for USD on Gdax will you need to pay capital gains tax? More specifically, will the IRS *know* the trades you made and expect taxes from you?

LinkedIn Crab 🦀 Jan 3, 2018

Can you actually sell for USD on gdax? I don't think so.

SoFi ehGL33 Jan 3, 2018

The person above says you can. But ok for the sake of conversation, let’s say Coinbase not gdax

Amazon Wwewsf Jan 4, 2018

Ward