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Question regarding Bitcoin withdrawals

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Posted: Nov. 10, 2016 - 5:48 PM ET #1

I am looking to make a large Bitcoin withdral around the 20k range. If I directly transfer that money from Bitcoin to my bank account is that money traceable? I know banks go on alert for cash transactions over $10,000 but is Bitcoin considered a cash transaction? Thank for the input

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Posted: Nov. 10, 2016 - 5:48 PM ET #2

Withdrawing from my coinbase account if that helps at all

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Posted: Nov. 10, 2016 - 5:49 PM ET #3

Just don't know if the irs will be notified from large sum Bitcoin transactions or not.

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Posted: Nov. 10, 2016 - 7:13 PM ET #4

Anything that is wired to your bank is traceable. Now if you're talking gambling related that's a different story. PM me

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Posted: Nov. 13, 2016 - 10:11 AM ET #5

Interested in hearing the answer.......

Never Make A Winner A Loser. Never.

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Posted: Jan. 18, 2017 - 8:57 PM ET #6

what was fee that coinbase charged

i know they screw u when selling to bank account on top of fees already as selling price is 9 dollars less than buying price at same exact time

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