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by jaycroft 2319 days ago
At this moment, on Coinbase, you can instantly sell approximately 1000 BTC for $9.91M - about 4% under the mid market price against what is on the book. Assuming you are a US person (since you want to move the money to a US bank) and have no problem complying with their KYC policies, you should be able to get the money a day or two if you chose to accept a wire instead of an ACH. Just for comparison, for ACH in particular since you mention it, most traditional trading institutions (etrade, schwab, ameritrade) limit your ACH transfers to 250k/day - coinbase does as well last I checked. So you'd get your money about 10x as fast as if you tried to do it via ACH. Wires are typically unlimited.

Snapshot of live book depth at time of posting: https://imgur.com/a/rhi7ZKL

Taken from here, look for "view exchange": https://pro.coinbase.com/trade/BTC-USD

1 comments

Coinbase has a $10k per day withdrawal limit. You have to contact them to get more. They don't specify how difficult or time consuming that process is.
It seriously isn't that difficult to get this limit increased.

Speaking as someone who watched a buddy go through this process it took him ~2 days to get his limit increased to the millions for a wire transfer.

In other words, it is not possible.