Unfortunately I thought the same thing, and paid for giving out your exact advice. Kraken has a hidden $50k/100k/yr limit even if you are verified at level 4.

Unfortunately I thought the same thing, and paid for giving out your exact advice. Kraken has a hidden $50k/100k/yr limit even if you are verified at level 4. Be exceedingly careful not to rely on an exchange's publicly published limits because they are universally incorrect for US customers. "Thanks for bringing this to our attention. We realize that your transaction couldn't be processed by our wire processor since you had exceeded your current annual USD transfer limit of $50,000. Since you seem to be interested in withdrawing or depositing large amounts of USD, we would like to see if we can do anything to help make your Kraken experience any better. You may provide us proof of source of funds document(PoSoF) to have these limits to $100,000 on a daily/monthly/annual basis." (sorry, HN's quoting is horrible) Basically the tldr is if you are a US customer there is a $100k annual US wire withdrawal limit, but no annual deposit limit. The above was sent to a L4 verified customer. You will find many other exchanges have other "hidden" limits you will trigger as you attempt to bring money into the US. This includes coinbase/GDAX, and is seemingly almost random. Even Bitstamp will stop sending you wires after a certain amount of time and require an invasive level of documentation such as tax returns. The good news is for people liquidating large amounts of Bitcoin you can get approved on an OTC desk like Cumberland or Gemini which have zero problems doing 10x the amount in single transactions. This does require a bit more human vetting of you though, and you better have zero reputational concerns on google/etc. Edit: I don't entirely blame them - if they could, they wouldn't care in the least about KYC/AML laws. They are simply attempting to keep their businesses from being locked out of the US financial system. Ironically this exact kind of "your money isn't really your money unless we tell you it is" stuff is the reason I first got into Bitcoin. I've seen more money outright stolen by banks than I have criminals.