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Kraken tells me my account with them allows up to $10mm per day in fiat withdrawals. (I'm in the US)
by boring_twenties 6y ago
Kraken tells me my account with them allows up to $10mm per day in fiat withdrawals. (I'm in the US)
- wruza 6y agoDoes 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 it’s clear that I sent the exact amount to Kraken from the same account recently.
- boring_twenties 6y agoThey 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.