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Eh, million dollars would not raise a single eyebrow from an exchange side. Your bank, maybe, will have some questions about the transaction, but the things the

by reisse 1y ago

Eh, million dollars would not raise a single eyebrow from an exchange side. Your bank, maybe, will have some questions about the transaction, but the things they can do to prevent you spending your money are thankfully fairly limited.

panarky 1y ago
How long do you think it takes to create an account, get your KYC documents verified, get your trading and withdrawal limits raised to a million or more, transfer funds from your brokerage account, buy tokens and then re-verify when you try to transfer the tokens out of the exchange? You'd be lucky to complete this in less than a week.
- toomim 1y ago
  It takes about 3 days on kraken. Much less than a week.
  - panarky 1y ago
    Kraken is literally warning about delays in opening new accounts and getting verified right now. https://imgur.com/a/k8zuSH1 https://imgur.com/a/k8zuSH1
jokethrowaway 1y ago
My experience with banks in UK / EU is that they will bother you for much smaller amounts than 1M. I had banks bother me for 10k transfers and other banks completely ignore me for 100k transfers.