How to cash out a large amount of BTC (Reddit Bitcoin)


Sometime in the near future, I am hoping to cash out some BTC to buy a house. I'm a US citizen but reside in Japan. The BTC was purchased via coinbase, but I need the cash to end up in Japan.

Some thoughts:

  • Using a Japanese exchange like Coincheck - but I am not sure what the tax implications of this would be - or what the withdrawal limits there are.
  • Using Kraken or Binance US. Kraken has some withdrawal limits I'd like to avoid, and Binance US would let me get a reasonable amount out to a US bank.

Just looking for more options and seeing if anyone has thoughts.

Thanks in advance!

submitted by /u/BTCwarrior
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