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Bitcoin-based online gambling

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yeah I almost lost some of mine that I had on a wallet in a computer which I couldn't find. Then I realized it might be on another computer which I haven't used in years :facepalm Luckilly I was able to access it.
Now my problem is that most of my coin is in a paper wallet which I printed out. But I noticed that the characters go all the way to the end of page. So some might be off the page :dunno: It does have that box thingy that should work, I would think.
...I don't even know how I would transfer these things.
 
Is there an easy way to cash out a Bitcoin fortune? How would someone with several million bucks worth of Bitcoin cash out in USD? Last time I traded this stuff I had to go through a shady exchange that ended up being shut down by authorities.
 
Matty
Is there an easy way to cash out a Bitcoin fortune? How would someone with several million bucks worth of Bitcoin cash out in USD? Last time I traded this stuff I had to go through a shady exchange that ended up being shut down by authorities.
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There actually are ways to cashout large sums. For Canadians I'd use Kraken if I ever had the problem of having money. Binance and Bitstamp for Euros.

Just yesterday I was able to log in to my Binance acct. I had not logged in in over two years because of problems getting verified via the app and customer service was useless. So I have a new phone and used it to do the online face recognition etc and voila my Binance acct is again useable.

Got a pleasant surprise too. I had forgot about the Cardano ADA and Stellar XLM I bought back in 2019. So when I log in I see my holdings are worth 6X what I had in 2019. Accidental HODL!

Bitcoin fees are quite high right now so I converted all my altcoins to bitcoin cash BCH and withdrew for a fraction of the cost. BCH blockchain is much faster too. Confirmed in a couple mins.
 
Matty
So basically, BTC is still reliant on sketchy exchanges.
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There ARE sketchy exchanges, yes. But there are also regulated exchanges like Kraken in the US. For Canadians we have some terrific options but not for huge sums. $10k at a time no problem for the Canadian Exchanges. I'd be 1000% confident in Kraken. They are US based but also setup for Canadian customers with an account at a Canadian credit union for receiving wires etc.
 
Matty
Is there an easy way to cash out a Bitcoin fortune? How would someone with several million bucks worth of Bitcoin cash out in USD? Last time I traded this stuff I had to go through a shady exchange that ended up being shut down by authorities.
Click to expand...

For a million plus I would just try to negotiate directly with one of the legal exchanges, private contract not as a user.
 
roguejuror
For a million plus I would just try to negotiate directly with one of the legal exchanges, private contract not as a user.
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Yeah negotiating would be a good idea. There are a few brokers here in Canada that do large volume buys/sells in person over the counter. I know it won't be cheap to do a million, you would take a haircut on the transaction but there aren't a lot of options.

I'm a crypto/bitcoin enthusiast but I don't see how bitcoin can become more mainstream. Its now an old technology and "investors" don't want to spend bitcoin, they want to hold it as a speculative commodity. If no one is actually using bitcoin eventually the investing part will die off.
I can see bitcoin being used as a way to move fiat in large amounts. Fees are too high to use bitcoin for small transactions. NOBODY will be paying a $16 fee to buy a $2 coffee at Tim Hortons.
 
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