What is your favorite way to cash out?

[yousufatik]

Hi everyone,

I am wondering what's your favorite way to cash out from crypto world? I'd like to know your experience and which platform you prefer.

[twothumbs]

Usually, I ask my friend to help me to cash out my bitcoin. I send the amount, and then he sends me the money to my bank, and this is my favorite way to convert my bitcoin to fiat. I don't know how to cash out using the website or coinbase, but maybe localbitcoin can be your solution to cash out.

[MelchiZedek]

Personally I haven't made any cash out from the crypto world before. But what I have seen is that people join escrow market group on telegram and this is how they get their cryptocurrencies sold:
1. State your selling amount and  rate
2. Buyer shows interest and transaction is agreed
3. Buyer sends money to Escrow account by sending screenshot of payment or transaction ID to escrow page  for payment confirmation
4. Escrow Confirms receipt of payment
5. Buyer sends his Address for transaction
6. Seller sends the agreed amount to buyers address
7. Buyer confirms receipt of coin
8. Escrow sends money to seller
9. Seller confirms receipt of payment from escrow
10. Deal Completed 😊

NB: There are other terms and conditions applied

[Zsangx12]

I often sell coin or token to ETH or BTC on Binance then withdraw to domestic exchange and then sell out fiat.

[cryptothief]

Interested in people's ideas on this, I haven't withdrawn any fiat yet. The escrow idea sounds good, as long as it is a trusted one, I'm sure there are plenty of scammers out there. The safest way I'm guessing would be through one of the big exchanges, but presumably also the most expensive in fees. Not overly concerned at the moment as I don't plan on withdrawing anytime soon, but would be good to have some ideas. Following.

[ivanleon]

Hi everyone,

I am wondering what's your favorite way to cash out from crypto world? I'd like to know your experience and which platform you prefer.

I prefer exchanges with withdrawal to Fiat funds without KYC, for example, Yobit. First, you need to transfer cryptocurrency to LTC, Doge or ETH. Then just withdraw to one of the payment systems.

[ayatoslaw]

I usually sell assets to my friends if I don't want to bother, but if I trade, I use a special exchanger that can be exchanged directly to FIAT, for example, Indodax, that's where I usually exchange FIAT assets, and so far smoothly without any damage.

[sturec22]

I use local exchanges to cash out my money. I transfer my btc to the local exchange and then sell it to my own currency. then it is really fast they just transfer the money in 30 minute time to my own bank account