Withdrawing USD

[SlimTim]

Hello Everyone, In my zeal weeks ago to load up on xrp I opened an account at Kraken. I thought I had covered everything, but I see Kraken only allows maximum $100,000 usd withdrawal a year with proper documentation. If xrp does indeed go "to the moon", I don't want to wait 200 years to withdraw what I need (besides, it may go down by then). How do I extricate myself from this mess. Can the xrp be transferred to another exchange i.e. Just Coin and converted to bitcoin and then withdrawn? Any other preferred methods? Your advice is greatly appreciated.

[mvenneau]

57 minutes ago, SlimTim said:

Hello Everyone, In my zeal weeks ago to load up on xrp I opened an account at Kraken. I thought I had covered everything, but I see Kraken only allows maximum $100,000 usd withdrawal a year with proper documentation. If xrp does indeed go "to the moon", I don't want to wait 200 years to withdraw what I need (besides, it may go down by then). How do I extricate myself from this mess. Can the xrp be transferred to another exchange i.e. Just Coin and converted to bitcoin and then withdrawn? Any other preferred methods? Your advice is greatly appreciated.

Simple, transfer it all to a cold wallet. Then you can send the xrp to any exchange and hit their maximums if other ones do have maximums. I dont think it would be wise to unload your xrp if adopted. You are pretty much gauranteed to miss out on future money

[Malloy]

Get a Tier 4...you'll have at least 500k monthly limit...if that's not enough, contact them for more I think business account can have a higher limit...:)

Edited September 26, 2017 by Malloy

[SlimTim]

9 hours ago, mvenneau said:

Simple, transfer it all to a cold wallet. Then you can send the xrp to any exchange and hit their maximums if other ones do have maximums. I dont think it would be wise to unload your xrp if adopted. You are pretty much gauranteed to miss out on future money

Thanks. Not going to unload, hopefully this will help out in my retirement in five or ten years. No need to leave it there for my kids to unload when I'm gone!

[Vacek_aka_Luschka]

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[SlimTim]

Thank you Luschka, That pretty much settles it then.