Quote:
Originally Posted by fraudbuster90
Has anyone withdrawn around $40k off Bovada? What would be the safest route for me to withdraw this amount in consideration of the banks + government. I have already used BTC on Thursday for $9.5k (already transferred to my VISA) and had a check processed for $3k (en route now). I am paranoid to move anymore money this month. Any advice/help/past experiences would be extremely helpful.
-Banks may have a problem with this since they are worried about money laundering. The government is more tolerant especially if you are paying your taxes.
- Are you cashing out since you are worried about the site? If so you can just leave your btc in your wallet and cashout some amount to circle every few weeks. However you are going to be exposed to btc price fluctuations.
- I have multiple wallets and use coinbase/circle and multiple bank accounts. Also I have the same set up for my wife. So I use a different combination every time I cash out.