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How to cash out ?

  • 14-04-2019 9:30am
    #1
    Moderators, Home & Garden Moderators Posts: 1,916 Mod ✭✭✭✭ karltimber
    Moderator


    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

  • Registered Users Posts: 6,026 ✭✭✭ grindle
    Registered User


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


  • Moderators, Home & Garden Moderators Posts: 1,916 Mod ✭✭✭✭ karltimber
    Moderator


    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


  • Registered Users Posts: 6,026 ✭✭✭ grindle
    Registered User


    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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