Best crypto exchange for converting crypto to cash
- Thread starter djefferis
- Start date
BUMP...........................numerous respected folks always in need of BTC
The fact that he shows his face around here with zero shame tells us all we need to know about him as a man.
That’s too riskySell to those that want crypto.........0 fee
I used Gemini for many years until one day I got an email saying my account was closed and they would not give a reason.
I believe they may have since increased fees but they were very low not long ago.
Did they take your crypto or refund it when closing your account?I had the same thing happen at Gemini. Really liked them too
Guess they didn’t like our kind. Similar to Coinbase kicking out the gamblers years ago
Didn't El Salvador go to a BTC national currency a while back?I used LTC for daily transactions- it is faster and cheaper transfer.
I stopped using it as it’s also more volatile day to day than BTC and ETH. Again - nothing like sitting holding even 5k of that stuff and losing 5% over nothing.
It’s why I prefer stable coins. Also can make 3% APY on the ETH I hold automatically on Kraken vs .1 on BTC - doesn’t eliminate the risk of volatility- just offsets some of it by giving back a little each week.
The ease of purchasing BTC is what makes it so useful - can literally walk into an ATM stick in $100 and purchase. But we have a huge gap between niche uses of crypto and widespread acceptance. Making a few purchases online and offered crypto to each vs doing PayPal and their 3.9% fee - even offering to walk them through receiving and selling on PayPal - people have no idea and half acted like I was trying to scam them by offering crypto over old fashioned PP.
I think in both instances my balance was zero because I’d transferred all my funds to a bookDid they take your crypto or refund it when closing your account?
I deposited crypto, converted to USD on their exchange, then cashed out to my bank.Did they take your crypto or refund it when closing your account?
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Interesting about Kraken, your maths are valid. I have an acount there already, I ll have a more extensive look on it and may switch to it for my conversions..But Kraken+ updated to double cap through September - you now get 20k in free buy/sell of crypto for 4.99 month. Pretty good deal when you figure 1% would be $200 a month on that amount.