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Altcoins with the fastest sell to fiat.

  • 04-02-2018 8:01pm
    #1
    Eric Cartman
    Registered Users, Registered Users 2 Posts: 26,280 ✭✭✭✭


    Looking in to altcoins, what would be the coin which has the best blockchain structure behind it and backing of exchanges to sell out very quickly at as close to market rate as possible.

    Basically what coin could I convert $1 million USD worth of from crypto to fiat in as few transactions / as little time as possible.


Comments

  • #2
    Shauny2010
    Closed Accounts Posts: 657 ✭✭✭Shauny2010


    From Kraken, you need to be level 3 verified. then the daily transaction limit is $250k. Best to use Bitcoin itself as its the most tried and tested network plus a 1 million purchase will not move the price. If you use Litcoin you may see a price move for that size of a transaction, same goes for Bitcoin cash and Ethereum


  • #3
    Eric Cartman
    Registered Users, Registered Users 2 Posts: 26,280 ✭✭✭✭Eric Cartman


    Shauny2010 wrote: »
    From Kraken, you need to be level 3 verified. then the daily transaction limit is $250k. Best to use Bitcoin itself as its the most tried and tested network plus a 1 million purchase will not move the price. If you use Litcoin you may see a price move for that size of a transaction, same goes for Bitcoin cash and Ethereum

    Cheers. If I was to sell 250k of bitcoin, how fast could I expect that transaction to complete and the money be in my account ?


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