Which coins should starters invest in?

jultorsk said:
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o_O
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Cryptos are like PLASTIC CASINO chips. You get rich, then when you want to cash out, they tell you it's not possible :D

I am just learning about these things, have never been a member of any of these exchanges, but the way things look like... it also cuts my appetite.

Is there any other way to cash out/transfer into fiat without an exchange?

I know there were a bunch of crypto ATMs, but those don't give fiat out, they only take fiat and give crypto out.

To me it looks like all these crypto companies are after your fiat money!!! Which is more real than crypto.

What do you think?
 
TreasureHunter said:
Cryptos are like PLASTIC CASINO chips. You get rich, then when you want to cash out, they tell you it's not possible :D

I am just learning about these things, have never been a member of any of these exchanges, but the way things look like... it also cuts my appetite.

Is there any other way to cash out/transfer into fiat without an exchange?

I know there were a bunch of crypto ATMs, but those don't give fiat out, they only take fiat and give crypto out.

To me it looks like all these crypto companies are after your fiat money!!! Which is more real than crypto.

What do you think?
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if youve never been a member of an exchange then what are you talking about?
 
TreasureHunter said:
Cryptos are like PLASTIC CASINO chips. You get rich, then when you want to cash out, they tell you it's not possible :D

I am just learning about these things, have never been a member of any of these exchanges, but the way things look like... it also cuts my appetite.

Is there any other way to cash out/transfer into fiat without an exchange?

I know there were a bunch of crypto ATMs, but those don't give fiat out, they only take fiat and give crypto out.

To me it looks like all these crypto companies are after your fiat money!!! Which is more real than crypto.

What do you think?
Click to expand...

You can cash out however there can be daily withdrawal limits (50kAUD usually) so depending on how much you cash out it could take a while. Some places offer OTC so you can do a large transaction offbook but they take about 2%. Also you may need more POI etc. to cash out than to put money in (they might ask questions about source of funds etc.)
 
Revils said:
You can cash out however there can be daily withdrawal limits (50kAUD usually) so depending on how much you cash out it could take a while. Some places offer OTC so you can do a large transaction offbook but they take about 2%. Also you may need more POI etc. to cash out than to put money in (they might ask questions about source of funds etc.)
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...but, besides the online exchanges, where can you cash out?

Are there any ATM's or any other quick service, e.g. offices like PHYSICAL exchange offices?
 
TreasureHunter said:
...but, besides the online exchanges, where can you cash out?

Are there any ATM's or any other quick service, e.g. offices like PHYSICAL exchange offices?
Click to expand...
Trade for gold or silver peer-to-peer right on this very website. Or trade for fiat on something like localbitcoins or hodlhodl if you want to avoid exchanges.
 
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