Hypothetically you make a small fortune with cryptocurrency how do you properly cash out? Do you send your gains in the form of a stable coin or bitcoin to a regulated exchange and sell?
Are they likely going to freeze your funds because of the large amount?
Should everything be 100% KYC before transfer?
Does anyone have a good method of a how to properly take gains legally method in the event someone were to hit it big?
My biggest concerns are frozen funds, shady exchanges and losing the funds when transferring. This is not a question about taxes that would obviously come after selling and cashing out.
The one friend I know who had an experience like this, when transferring to Coinbase, completely froze his account for weeks until they re-verifying his KYC, and he was subject to market volatility during that time, so I was wondering if there is a way to avoid something like that.
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