Let's say we do make a million. What the hell do we do with it?!

Hi

I've been thinking about this all night and I have no idea what i would do in this situation.

• How would I cash it out? Via an exchange? Will questions be asked?
• Will my bank just accept a million £££/$$$/€€€ deposit?
• How do I go about paying taxes on it?

I feel like this information isn't common knowledge and it probably should be incase anyone finds them self in this lucky and fortunate situation.

Does anyone have any advice for what steps to take when cashing out a large sum of money in the UK, USA and/or whatever country people are from?

P.S mister scammer I do not have a substantial worth of crypto. This is just hypothetical so don't message me.

EDIT: some good advice in a short amount of time mainly being:

• Hire a good accountant to sort out any taxes / worries. (You should be able to Hire a decent one if you made a mil)
• Stake your crypto and live off of the interest by withdrawing X amount a month (quite like this idea)
• Withdraw small increments each month

EDIT 2: This blew up way more than I thought it would and there is some very valuable takeaways within the comments. You are right, a million isn't a lot these days but I was curious how I would go about withdrawing a substantial amount it wasn't necessarily my entire portfolio it was just a hypothetical scenario to see what measures and precautions myself and others would have to face.

Thank you for all the comments and I for one will be getting my head down to read more into this!