Best way for Hodlers to sell their BTC’s at new ATH’s?

133 viewsGeneral Discussions

Best way for Hodlers to sell their BTC’s at new ATH’s?

Whats the best quickest, cheapest way to sell bitcoin for fiat cash at good volume liquidity markets but in a decentralised way?

Theres centralised exchanges like Coinbase or Binance but imagine sending 1000 bitcoins there to sell at the all time high price only to realise Coinbase or Binance hijacks your bitcoins by freezing it in your account and force you to have to go through all that AML & KYC crap by showing your life history in documents they requested from the day you were born. Yes I’m already a verified account holder on Coinbase & Binance so can this shit still happen after being verified on those exchanges? Stories like this already heard by many?

Who has the nerve to even to send even 0.1 bitcoin to an centralised exchange to sell at new ATH facing that risk above?

Dilshan Tharindu Perera Answered question August 1, 2024
0

Why would you send thousands of bitcoin in centralized exchange if you don’t want your information to be disclosed? I mean if I got 1000 bitcoins I’ll make hundreds of transaction to avoid being seen at least by these block snipers lol and as far as I know there are limits on account with centralized exchanges that’s why they have this verification, I don’t know how much exactly but a user who is non verified can only have 1btc in total, for example.

Randula JLK Answered question August 1, 2024
0
You are viewing 1 out of 2 answers, click here to view all answers.