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People that currently hold more than miotas would be sitting on hundred of thousands of value. How does one withdraw all this money to a bank account?

As far as I know wallets like the Blockchain one are able to transfer up to 10k or something. What would be the complete step by step process from iota wallet to money on a bank account? As of right now you'd have to use BTC, its one of the only currencies widely exchanged directly for fiat currency. Because its so popular and widely used for payments, theres always a market or service for buying and selling your bitcoins. This is not the case with Alt coins, they aren't currently well known enough or widely traded to have a service in place that will buy them.

How exactly does one achieve that? I was thinking like BTC from some exchange to a wallet like Coinbase, then somehow to Paypal if that works.

Coinbase can connect directly to a bank account so that if you sell bitcoin through coinbase, your bank account is debited with the cash. From EU you can use BitStamp exchange. You'll have to verify your identity first. But you can do it the orther way around aslo: Is there an upper limit how much you're able to transfer from Coinbase to bank account?

I'm also wondering if Visa Electron falls under "bank account" cathegory so you can withdraw onto it. Is it possible to withdraw them on a Visa Electron? Not sure if it counts as bank account. I think they do have withdraw limits that can be increased if you follow their protocol which just means more of their protocol whatever that is, registering as a business and whatnot. I dont know anything about the visa electron, but I do know that there are bitcoin debit cards that just hold bitcoin and are able to be spent like any other debit card anywhere.

Hello, So I know Bitfinex has had a lot of FUD against it, and that the case can be made that they can be construed to be shady. So my question is - why is no one using it? I mean, just one single person who did not get his money, would make a lot of noise - and I am not finding a statistically signicant amount of complaints for Bitfinex FIAT withdrawals on the internet at large.

Why then, go through all these proxies to get the cash out? Their bussiness would not last a long time if several people just sent their money into a black hole Anyone care to explain? How does one actually "cash out"? Thanks alot for replys in advance! Hey, thanks for the response!