Hacker News new | ask | show | jobs
by muzani 3131 days ago
Yeah, but good luck cashing out on that $1M USD.
2 comments

haha yeah seen a few threads mentioning that coinbase limits you to cashing out only 15-20k/week.

However I have heard of a few exchanges that will let you cash out 1m+ in BTC.

How do you mean? That's a rather trivial amount.
Well it's not fully liquid. Looking at the question more strictly, it could be put in $100k, get out $200k cash.

The volume is not great. You'll lose quite a bit on exchanges. It's probably the same for stocks or real estate, but something like gold is much more liquid for a million dollars. Or gambling.

You really need to get into the tens of millions before you start having any sort of liquidity problems with Bitcoin.