If you're earning large sums from cryptocurrency—whether it's tens of millions or just a few hundred thousand dollars—your bank may investigate when you try to withdraw the funds. Banks routinely perform anti-money laundering (AML) checks on significant deposits, especially when they appear in personal accounts. Suspicious transactions may lead to your account being flagged, triggering an inquiry to verify the source of the funds. In some cases, the bank might freeze your account or refer the matter to regulatory authorities.

It's not just massive sums that raise red flags—even smaller transfers can prompt a review. To avoid potential freezes, many crypto traders use separate accounts for crypto transactions, keeping their main or salary accounts untouched to avoid complications like missed mortgage payments or impacts on credit scores. Some traders prefer to bypass major banks altogether, as they tend to have stricter monitoring protocols. Others may choose to purchase financial products with their crypto earnings before converting them to cash to avoid excessive scrutiny.

Ultimately, the goal is to manage withdrawals smoothly without unnecessary attention. By being proactive and prepared, you can achieve your financial goals while staying ahead of potential risks in the crypto space.

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