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Selling lumens for euros

  • 03-01-2018 9:25pm
    #1
    Registered Users Posts: 16


    I'm looking to sell some of my stellar XLM but all I can see is advice on buying coins.

    I know that I have to transfer the XLM to an exchange where i can convert to BTC or ETH or similar. ( which one? )
    Then I can use my newly acquired ETH and have them converted to euros that get bank transferred to my account.

    I also want to avoid transaction fees and get it done reasonably quickly if I can.

    Anyone done this already? I see complaints about just about every exchange out there Poloniex / Binance / Coinbase, any success stories?


Comments

  • Closed Accounts Posts: 657 ✭✭✭Vladimir Poontang


    How much are you looking to sell?


  • Registered Users Posts: 1,968 ✭✭✭blindside88


    The way I work it (only a newbie so by no way an expert). Exchange for Ethereum on Binance, thranfer Ethereum to Coinbase and sell, move funds back to your bank account by Sepa transfer. Takes 2-3 days on total. You will need to do a sepa transfer into your Coinbase account before you can transfer out, transfer in a nominal amount like €5-€10 then transfer the lot back


  • Registered Users Posts: 16 sc0by


    I'm looking to sell about 1000 or 1500 I think.

    I had accounts made at binance and coinbase so I just need to add my ID . Do you know if I need to add ID to both of those sites?
    I'll make a start on that so that I'm ready to transfer.

    Thanks for your help :) It's reassuring to know that people have managed it before.


  • Registered Users Posts: 1,968 ✭✭✭blindside88


    sc0by wrote: »
    I'm looking to sell about 1000 or 1500 I think.

    I had accounts made at binance and coinbase so I just need to add my ID . Do you know if I need to add ID to both of those sites?
    I'll make a start on that so that I'm ready to transfer.

    Thanks for your help :) It's reassuring to know that people have managed it before.

    You need id for Coinbase but not binance for the amount you're transferrring


  • Moderators, Society & Culture Moderators Posts: 25,558 Mod ✭✭✭✭Dades


    I have a visa card set up on Coinbase to pay in, but whenever I click EU Bank to add an account the modal window just disappears. Annoying!


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