Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: GeneralDisarray on October 04, 2018, 09:26:16 PM
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hi im new to this and was thinking of investing in some bitcoins and altcoins my question is if i buy monero or something in a dip and the price rises how can i return profits to fiat currency or stable asset until the price falls and i reinvest and so on. I cant return it to bank account as then in my country it is taxable meaning i would need one hell of a profit margin just to cover the cost of transaction and paypal to crypto cost 10% of what you convert so how can i return profits to digital fiat like paypal but without paying more than im earning i know people daytrade with crypto so there must be a way and help would be greatly appreciated thanks.
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In case its of use to others i just found usdt which at a glance is same value as us dollor and can be used on binance until you have enough to justify cashing out "i think,im still reading :)"
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The best way to liquidate your profits is to find a local exchange in your country and deal with them, almost every country have Crypto exchangers right now, you can find them in Localbitcoin or in Facebook groups in your country. Also in the marketplace in Cryptocurrency related forums like this one, the most important thing is to take care while exchange and make sure yo exchange with 200% trusted person because this field is full with scammers.
And if you want to just move your money in stable currency to be able to re-enter the market as fast as you can then your best option would be USTD, also some big exchange start to provide USD now.
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Try luno wallet. You can transfer your crypto currency straight to your bank account. Limited amount initially though
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in my opinion you only make a wallet and register at the coin exchange place so you can keep it there until the price according to you is right to be released.
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And what is difficult about currency withdrawal? It's like 2 * 2 easy and simple. I withdraw it via my wallet or real offices with which, by the way, it is very convenient to work.
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Try to meet people personally with salesman and exchange wallet-to-wallet or coins to cash