Hi,
I’m planning to DCA out a bit at the next bull run. Normally this would be a straightforward process: send crypto to exchange, spot sell for USD, ACH USD back to bank.
However most exchanges seem to make it difficult, with frozen accounts, transfers blocked for month under the guise of “verification”,…. A visit to /r/coinbase or /r/gemini is certainly worrying, with countless such horror stories.
Coinbase played that trick on me back in 2017, blocking my withdrawals for weeks for no apparent reason, so I wouldn’t trust them with any significant amount.
So how are you all planning to off-ramp ? To paraphrase Mike Tyson, “everyone has a DCA out strategy until they get punched in the face by their exchange”.
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