Successful traders: How do you withdraw your funds?

New / Mgmt
Tdbe77

New Mgmt

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Tdbe77more
Jan 3, 2018 14 Comments

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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TOP 14 Comments
  • Facebook HODLer
    Apply for limit increase. GDAX increased mine to $100k per day with no issues
    Jan 3, 2018 1
    • Adobe Lady MAGA
      And sent a notice to IRS that they need to visit somebody this March.. make sure you file the taxes right.
      Jan 3, 2018
  • LinkedIn Crab 🦀
    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.
    Jan 3, 2018 6
    • Facebook public
      Apply for higher limits, it's a click and a day :) the limit is for security, raise it to a million if you need.
      Jan 3, 2018
    • Facebook HODLer
      You can sell coins for USD on GDAX, what you talking about? You can even transfer USD to your bank from GDAX.
      Jan 4, 2018
  • SoFi ehGL33
    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?
    Jan 3, 2018 3
    • SoFi ehGL33
      The person above says you can. But ok for the sake of conversation, let’s say Coinbase not gdax
      Jan 3, 2018
    • Yes of course you can sell for USD on gdax. What kind of exchange would only let you buy and not sell?

      And yes you need to pay taxes. And yes the IRS got a court ruling in their favor to receive coinbase account information http://fortune.com/2017/11/29/irs-coinbase/

      If you don't want to pay taxes, go ahead, it'll be you going to prison not me
      Jan 3, 2018
  • Amazon Wwewsf
    Ward
    Jan 4, 2018 0

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