Imagine you've made it

Let's say you have some crypto. Bitcoin has risen and now you're possessing like 250k USD in crypto coins. You know for sure it's a new ATH so you must either withdraw or transfer funds in stable coins. You have 1 day.
Obviously you can't send all the funds to an exchange like Bitstamp or Bitfinex because your account will be blocked most certainly. Multiple small transactions will lead to blocking as well.
You also can't meet with a person from localbitcoins because 1) nobody requires that much bitcoins at a time 2) a person who agrees to meet will probably rob and kill you.
What's your way to accomplish this?

Attached: case.png (963x963, 481K)

> 250k USD
> made it
user I...

>bitstamp and bitfinex are the only available exchanges

Imagine you live in Bangladesh, Brazil, Angola, or even Poland whatever.

send to coinbase, convert to USD/EUR, wait and cash out over time

Send like 50k BTC to 5 different exchanges. You are afraid of bank blocking or exchanges? Anyway call them right away to ask if you'll get blocked. Also you should have a verified Coinbase account ready or Kraken or whatever. They can't just fucking block you without any reasons unless you can't prove where you got the money or if you want to evade taxes.

Next thing you can do is take a flight to a normal country where you can do cash transactions via LocalBitcoin without being robbed lmao.

>bank blocking
Actually that's the other problem I didn't take into account. Anyway blocking by crypto exchange is much more likely than by my bank.
>you should have a verified Coinbase account
Does this prevent blocking? On the Bitstamp you have to expose KYC information, that's how they block you. The other exchanges research you silently.
>unless you can't prove where you got the money
How would you prove that? You had bitcoins in your wallet, you send it to an exchange. Do you have to prove the whole chain of buying bitcoins? That would be impossible, especially if you're trader.
>take a flight to a normal country where you can do cash transactions
10k USD is allowed cash amount when you're crossing border.

Also, what if I prefer to stick with stable coins? I will be able to cash out with no rush then.

Just confess to your crimes / money laundering.

use coinswitch and switch everything into DAI
then cashout using Wirex

are people in crypto still doing exchanges in 2019? how do you even tie your shoelaces together?
>convert to WETH
>sell WETH for DAI on Radar Relay
>done
takes 5 minutes, and the whole time you remain in control (= own the private key)

it's not common to get blocked even if you cash out a large amount of crypto unless your account was involved in hack or money laundering

Cashing out $250k is fuck all. It's not like your cashing out $10m. If you have a normal bank and you call them and tell them that you are planning on selling your bitcoins and sending the money to the bank account, then most likely they'll say ok and make sure that no system security will trigger a freeze on your account. Just fucking ask them if they are required to freeze until proof or something. Fucking ask.

I don't understand this: if you plan to switch the BTC to stable coins, then you need to use some exchange. Wasn't the whole problem about being afraid of exchanges blocking you? Anyway yea, stablecoins would be good since you can then later just slowly sell them off without worrying about price action.

So you live in US. You probably have to pay tax on that profit. Is that why you are so worried about cashing out? You don't want to pay taxes? Then the whole question of this thread is how can you anonymously cash out (in cash) in the USA. Again, localbitcoins is your only option or buying gold via bitcoins. Just go to some other state, cover your self so cameras can't identify you and meet up with a reputable seller in some cafe and bring a cash checker and counter so you don't end up with fake benjamins.

How do you buy WETH? I googled that you still need to trust an exchange but you say I'll be owning my private keys.. How's that?

I do pay my taxes, that's not the problem. The only thing is I don't trust exchanges. I've seen mtGox and Cryptsy. I heard about exchange founder died along with customer funds. Catching ATH and saving my money is all I want.

cash out from multiple exchanges to reduce the risks

>stablecoins would be good since you can then later just slowly sell them off without worrying about price action.
you dont understand. stablecoins are shit it just adds another layer. Better to allow USD directly.

Use an OTC desk like cumberland mining

WETH is just wrapped ETH because the ETH coin was made before ERC20 specs. you never buy WETH, you just convert ETH to it by calling the smart contract function. then you trade WETH for DAI on a dex, again calling a smart contract function. i'd never trust a custodian exchange or wallet, it's an insane level of risk if we're talking serious money

Also by the time there is new ath you will be able to trade bitcoin from your traditional brokerage account like fidelity or ameritrade, or even your bank account.

>you can't send all the funds to an exchange like Bitstamp or Bitfinex because your account will be blocked most certainly
Why

Send to bitmex, open unleveraged short on a futures contract, slowly send to normal exchanges and gradually cash put

>start project immediately
>spread 25-50% funds between different exchange btc adresses
>first withdraw 7k which is maximum amount of local bitcoin cash automats daily sell
>buy 7k car
>start driving to next bitcoin atm in 250 miles
>withdraw 7k
>drive to the next one, rinse and repeat.
>managed to acquire 30-50k$ in a single day.
>repeat next day

im also considering bitcoin f2f selling and also paying the taxes but i will calculate good amount to withdraw with cash and to my bank account so i save alot from taxes.

Coinbase fucking stores most of their coins in cold storage and any USD you hold on their account is FDIC insured. This mtgox paranoia is ridiculous, especially since there's so many fucking exchanges now. It took me a while to get off gdax before it was coinbase pro, onto binance which I'm slightly more sketched out about but I don't think CZ dying would lock my coins or whatever. That exchange at least seems to be on the safer side of chink exchanges (even though they're malta based now, they had to hop around a few times to avoid bullshit with tax authorities

>bitcoin ATM ..
5 - 10% fees every time you cash out. The cost of laundering your money.

exactly
You can then slowly cash out the DAI and minimise the risk of getting your funds freezed.

I see. So if I prefer to invest in any real coin like BTC/LTC I will have to convert them into ETH using an exchange. That sucks.

Because too much money at once. I heard they block for less.