[Kalvaxas]

I've seen some Crypto exchanges offering a cash out of $1M per day. A lot are much closer to $100,000 though.

Just humor me here ladies and gentlemen. Say you're in the billions after 10, 20, 30 years or so. There's got to be a way to cash out all of your money. It would take you 1000 days just to cash out 1 billion even, assuming you're getting $1M a day... Except, at $1B, chances are, you're probably getting about a million a day (0.1%) or more, just in profits alone. So, theoretically speaking, you'd have all this money and no possible way to cash it out. Sure, you can use prepaid Crypto cards. Sure, you can withdraw at crypto ATMs. That's not even going to put a dent in your total. If anything, you'll have way more the next day than what you even took out.

Yes, you can live on a million a day. Yes, a couple weeks (or maybe even months), you could buy your dream mansion. Yes, you could literally afford every possible thing you wanted, but my question still stands. How would you withdraw all that money if you wanted to?

[Vеrt]

I would say for the most part that if someone has $1 Billion is Crypto, no shot they're trying to cash it all out. I mean, cash it out for what? USD that does nothing but get worse.

Now for the sake of your point, I would imagine there are Banks, or investors that would be willing to buy 10-100 Million at a time. Probably just find a way to put it out there that you have this lump sum that you're looking to get rid of and working with a team of attorneys etc. To make sure everything goes well and sell to banks and investment companies, 10-100m at a time.

[Kalvaxas]

I would say for the most part that if someone has $1 Billion is Crypto, no shot they're trying to cash it all out. I mean, cash it out for what? USD that does nothing but get worse.

Now for the sake of your point, I would imagine there are Banks, or investors that would be willing to buy 10-100 Million at a time. Probably just find a way to put it out there that you have this lump sum that you're looking to get rid of and working with a team of attorneys etc. To make sure everything goes well and sell to banks and investment companies, 10-100m at a time.

You have a really good point. It was more so the morality of it I suppose. The thought of feeling like you'll never be able to spend any sort of chunk of your money. That's what's always bothered me mentally. Not saying I'll ever have billions, but it's definitely possible. I'm not selling myself short by any means. I would just want to have withdrawal plans and everything else set in motion before I started hitting high numbers.

[Lavish Living]

It's like someone who has 10-12 digits of one stock. How do they cash it out?

Someone who has that much wealth doesn't need to cash it all out anyways tho.

[GruntStyl]

You don't have to "cash out", Bitcoin is money, you just "spend it".

This ^

ultimately the goal is that Bitcoin will be what you use for your day to day transactions. You wouldn't notice a difference using it. Just like I use my iPhone or Debit card to pay for gas. I'd use BTC the same way and in the same physical way (iPhone or card).

[Grim]

This ^

ultimately the goal is that Bitcoin will be what you use for your day to day transactions. You wouldn't notice a difference using it. Just like I use my iPhone or Debit card to pay for gas. I'd use BTC the same way and in the same physical way (iPhone or card).

true but how long will that be lol

[SIM-1866423]

If your tier ups(trade volume etc.), you can do anything.Over 100m$+ you can make your own rules with exchanges.Justin sun etc. always deposit & cashing out over 100m$ with each transaction.

[Hell]

I have people / sources who would take the crypto and convert them to assets like cars, bikes , mansions etc.

[Dirty]

Now for the sake of your point, I would imagine there are Banks, or investors that would be willing to buy 10-100 Million at a time. Probably just find a way to put it out there that you have this lump sum that you're looking to get rid of and working with a team of attorneys etc. To make sure everything goes well and sell to banks and investment companies, 10-100m at a time.

The exchange itself would probably gladly put some feelers out with it's own bank/high networth connections, for a % obviously. But if you had a billion in BTC they will be flocking to help you. Even just to get those coins on their exchange if you are holding it in cold storage (hopefully you are).

I can't imagine this being too difficult.

[SIM-1866423]

The exchange itself would probably gladly put some feelers out with it's own bank/high networth connections, for a % obviously. But if you had a billion in BTC they will be flocking to help you. Even just to get those coins on their exchange if you are holding it in cold storage (hopefully you are).

I can't imagine this being too difficult.

1 call every CEX will work for you, it is really not that hard.

[Net]

It's like someone who has 10-12 digits of one stock. How do they cash it out?

Someone who has that much wealth doesn't need to cash it all out anyways tho.

Exactly what I was thinking. You just replace the word crypto with stocks and you have your answer.

[Goku]

Without an exchange, how would one cash out 1B directly? That person would need to find a buyer. In this case, the exchange is your buyer.

[Eran]

Definitely wouldn't cash it all out but getting a crypto card and spending that way is convenient.

[Omniscient]

You don't have to "cash out", Bitcoin is money, you just "spend it".

Basically that's the point we will one day reach. When you can spend your sats as easily as you spend USD. Potentially some other crypto, LN, or something newer. Hopefully nothing CBDC.

I'm sure if you had $500m in BTC though, you could cash it out with a direct relationship with one of the larger exchanges winning to buy them 2-3% below market value.

[diablospartan]

Well if i would have 1 bilion i would not wory to much about how i will withdraw it .Instead i would be happy and i will live my life .And i dont think its the need to withdraw 1 milion daily