Cash out routes...

Mar 6, 2014
7,629
3,351
List your tried and tested cash out routes here, it'll give @Wig some peace of mind if nothing else.

I've only used two so far, the easiest and I suspect the most expensive...Coinbase and Bittylicious.

Anyone set up to withdraw FIAT from Binance, Kraken etc?
 
Jun 4, 2013
5,285
2,107
The lack of legitimate cash out routes is a worry. And I suspect part of why cryptos keep going higher.

Like you I use bittylicious. All roads point to BTC so whatever alt coin you get 90% of crypto to bank withdrawal websites just use BTC which probably has massive influence on the price because you need to convert it to BTC.
 
Mar 6, 2014
7,629
3,351
The lack of legitimate cash out routes is a worry. And I suspect part of why cryptos keep going higher.

Like you I use bittylicious. All roads point to BTC so whatever alt coin you get 90% of crypto to bank withdrawal websites just use BTC which probably has massive influence on the price because you need to convert it to BTC.
Coinbase is a fair bit cheaper than Bittylicious I think. and simpler once you're set up. All you need to do is make a single SEPA deposit once and you're good to go with withdrawals...takes 4 or 5 days for the cash to clear in your account.

On the other hand Bittylicious is obviously much quicker and has the added bonus of cash landing in your account from the personal accounts of brokers....possibly mutliple deposits from "Coinbase Ltd" might cause some problems re. Capital Gains Tax if this thing keeps pumping.
 

mandela

CHB Führer
May 16, 2013
21,735
9,576
Scotland
I've only sold LTC that I had on coinbase and it was easy as fuck. Just clicked a button and 5 days later it was in my bank.

My plan is to exchange my alts on Binance to Eth, send them to coinbase and cash out there.