Re:Nvidia announces mining GPUs, cuts the hash rate of RTX-3...
by wruza on Thursday February 18, 2021 @06:37PM
(#26187385)
If you stay in crypto (e.g. usdt). Buying in is easy. Cashing it out in viable amounts is very problematic even for individuals, at least where I live. Transferring a usd-crypto-usd million would take a couple of weeks and unclear risks. In US, can you accept usdt from an exchange and grab the cash right away?
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Re:Nvidia announces mining GPUs, cuts the hash rate of RTX-3...
by boring_twenties on Thursday February 18, 2021 @08:15PM
(#26188232)
Kraken tells me my account with them allows up to $10mm per day in fiat withdrawals. (I'm in the US)
Re:Nvidia announces mining GPUs, cuts the hash rate of RTX-3...
by wruza on Thursday February 18, 2021 @09:03PM
(#26188614)
Does it give you paper cash? Because I can receive money back from Kraken to my bank account too, but that means 100% local perverted KYC AML trouble even if itβs clear that I sent the exact amount to Kraken from the same account recently.
Re:Nvidia announces mining GPUs, cuts the hash rate of RTX-3...
by boring_twenties on Thursday February 18, 2021 @09:13PM
(#26188701)
They wire the money to my bank, of course. I've done this pretty regularly with several different banks for years, and have never been asked even a single question by any of those banks, or ever had them delay the availability of my funds.
I can't tell you from personal experience if it would be the same if my amounts were a million plus, but they are not insignificant amounts either. I'm quite sure that attempting to deposit similar amounts of physical cash at a bank would be at least somewhat challenging.