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RE: What happens if you withdraw $1 million dollars from Coinbase into your bank?

in #life7 years ago

I agree with @steemuwe tho, like for example just by using coinbase it is already giving a better rate on the whole withdrawal. We now get to use encrypted based technology, all round encryption for a lesser rate? That's one hell of a deal. Not forgetting that one day all these transactions would be more seamless than an ATM. I guess I'm tryna say that if I were to withdraw 1 million dollars, if and when, I'd never go through any government prying channels and this coming from a dude living in Asia. I bet Americans have a whole lot more to worry about when it comes to tax given the IRS.Cheers!