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How to cash out ?

  • 14-04-2019 10:30am
    #1
    karltimber
    Moderators, Home & Garden Moderators Posts: 1,921 Mod ✭✭✭✭


    Hi
    Have traded stocks over the years so easy to cash out - just sell !!

    What about coins ? If I have X coins in binance and I think the crypto market is going south for a while - how do I protect my cash ( if you like to call it that) ?

    Never shorted on equities so won't on crypto.
    Move all to BTC and then to coinbase ?

    Your thoughts

    K


Comments

  • #2
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    It'd probably be better to use XRP if you want a speedy transfer, send to your preferred fiat ramp.


  • #3
    karltimber
    Moderators, Home & Garden Moderators Posts: 1,921 Mod ✭✭✭✭karltimber


    but is there a way of keeping my money in binance - until it's safe to buy again -same as stocks.
    without moving it to a fiat and then back again to binance to buy again

    of is there a better exchange than binance - that have a cash option (not coinbase).

    Thx
    k


  • #4
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    karltimber wrote: »
    but is there a way of keeping my money in binance - until it's safe to buy again -same as stocks.
    without moving it to a fiat and then back again to binance to buy again

    Convert to USDC or PAX (both stablecoins) if you want to keep it on the exchange. Ignore USDT, it's not been audited.


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