I just bought $10,000 a couple weeks ago when it hit $32,000. I know $10,000 doesn't put a dent into a mil but cash is cash, lol. It cost me $200 (2%) for the bank transfer. Hell I would have been happy trading dime for dime.
Man, I will start by saying I don't know a whole lot but I may be able to suggest a cashing out method. I don't know if this will work or not but if it does, you may be able to cash out with little taxes.
I'm doing as much research as I can. I started at coinbase because of the many different cryptos they offer for exchange. It's my understanding, and please double check into this process I have going in my head (lol) , if you open up an account there and transfer coin into it, you may be able to cash out almost immediately with it and pay out practically nothing. They work with coin tracker which can print you up your profit and loss for your taxes.
Lets say you transferred $100 and then cashed it out. The taxes you would owe would only be if you made money on the $100 . Of course there would be some kind of cash out fee.
It seems like it would work but how much could you do without looking like you are laundering money would be the question. Or, how hard are they looking at that stuff?
It would definitely be worth looking into, even for small cashouts.