I am worried about cashing out. My bank manager has threatened to close my account for dealing in cryptocurrency this last summer. So what if I hit it big, then transferred the money into my bank account and then they freeze it? Have you ever tried to get money out of a frozen account before? It is next to imposable. I have 20K sitting around, but I also do not want to lose it. Plus buying crypto is such a pain in the ass in Canada.
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$500k? Well, aren’t you lucky? Housing here in Vancouver starts at $1mm for a fixer upper. :(
Which bank are you using? We haven’t had any issues with RBC.
Set up another bank account just to cash out and trickle the funds out through PayPal. How will they know crypto. Just say investment gains.