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Noob question here: You receive $1mil in bitcoin as someone who knows nothing about bitcoin...then what? Do you sell it? Do you need to go find someone to sell
by bradhe 9y ago
Noob question here: You receive $1mil in bitcoin as someone who knows nothing about bitcoin...then what? Do you sell it? Do you need to go find someone to sell it to?
I'd imagine you can't just go to an exchange and unload $1mil in bitcoin as most exchanges have limits on how much you can trade at once without more advanced accounts?
- justboxing 9y agoI think you can open an Institutional account at one of the exchanges like Gemini or Kraken and have them unload it for you slowly. https://gemini.com/institutions/ https://gemini.com/institutions/
- eshyong 9y agoFrom the article: "...bitcoin deposits were usually handled by outside agencies, such as BitPay, which then transferred cash to the charity’s bank account."