Large Kraken Withdrawals

[Vacek_aka_Luschka]

Just an FYI. I sent Kraken support a somewhat forward thinking question, nut nonetheless wanted to understand their position.

I asked that if in the near or even distant future I had say $5,000,000 in CAD currency I wanted to withdraw, how we could handle it.

At the moment I'm verified to Tier 4 but that only allows $500k per month in fiat withdrawals. It would pain me to do 500k a month for 10 months.

I'll share the answer here, once I know what they have to say. I received a reply already that they had to forward it to another department for the answer

I know I can spread things amongst multiple exchanges as an option, but be much easier to do one transaction just one time in one place.

[Mercury]

Wow... ambitious withdraw amounts!

Unless you already have said amount... then let me send you my bear fund address

[Vacek_aka_Luschka]

One can dream big.

but in all seriousness, if anyone has say 20,000 XRP and we ever realize $25 per .... its really not that far fetched.

and if a moonshot beyond arrives on our doorstep even 1,2,3+ years out ... anything is possible and I'd like to know the options now.

 

Edited July 24, 2017 by Luschka

[jesuisxrp]

5 minutes ago, Luschka said:

One can dream big.

but in all seriousness, if anyone has say 20,000 XRP and we ever realize $25 per .... its really not that far fetched.

and if a moonshot beyond arrives on our doorstep even 1,2,3+ years out ... anything is possible and I'd like to know the options now.

 

TO THE MOON!!

[LionMG]

Good idea, I was wondering the same thing. It's fun to think about, let's hope it will be a dream realized.

[Vacek_aka_Luschka]

And the answer is ..... 

"

From: "xxxxxxxxx (Kraken Support)" <support@kraken.com>
Reply-To: Kraken Support <support@kraken.com>
Date: Monday, July 24, 2017 at 7:16 PM
To: "xxxxxxxx@gmail.com" <xxxxxxxx@gmail.com>
Subject: [Kraken Support] Re: Large Withdrawals

We can always adjust the funding limits once we see account activity that reflect the need for this increase. For example, if you had 10,000,000 in your account right now, I would set up your funding limits in a way that allow you to withdraw your entire balance within a week.

Let me know if there's anything else I can do for you!

"

 

Edited July 24, 2017 by Luschka