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yeah they only let most people withdraw 10k a day. some guy owed millions on taxes but couldn’t withdraw it fast enough to pay..

• Mtinie 9y ago
  You can request an increase to your limits. For a customer with a large, verified portfolio I’m sure Coinbase would work with you if you needed to move funds in large amounts. It may not be overnight, and there may be additional fees, but it’s not going to take 100’s of days to move $1M unless you aren’t trying very hard.
  • notyourday 9y ago
    My bank does not need to work with me to send a multimillion dollar wire. They only care that (a) i am already a customer and they have verified that I'm me. (b) i have completed all needed forms before (c) i have followed the authorization protocol, including verification via control phone number registered with the bank and controlled authorization code Same goes for any brokerage.
    • notyourday 9y ago
      I totally dig the downvotes. They keep illustrating that the voting population of HN does not know much about what it takes to run a business and what those who run businesses know to be an undeniable truths.
    • Mtinie 9y ago
      Have an upvote. You are correct, but even banks and brokerages have limits (AFAIK) that they can invoke as needed. Those soft-caps are significantly above $10k/daily, however. My main point was with Coinbase you can do the required prework to request the higher daily limits and receive similar service, but you need to think about it in advance vs. having it automatically in place.
• zaroth 9y ago
  Haha presumably if you’re wiring the money directly to the US Treasury they would make an exception!