Which coins should starters invest in?

Discussion in 'Digital Currencies' started by TreasureHunter, Apr 11, 2021.

  1. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    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?
     
  2. dozerz

    dozerz Well-Known Member Silver Stacker

    Joined:
    May 21, 2013
    Messages:
    2,248
    Likes Received:
    1,204
    Trophy Points:
    113
    Location:
    straya
  3. dozerz

    dozerz Well-Known Member Silver Stacker

    Joined:
    May 21, 2013
    Messages:
    2,248
    Likes Received:
    1,204
    Trophy Points:
    113
    Location:
    straya
    if youve never been a member of an exchange then what are you talking about?
     
  4. jultorsk

    jultorsk Well-Known Member Silver Stacker

    Joined:
    Oct 17, 2016
    Messages:
    1,891
    Likes Received:
    3,391
    Trophy Points:
    113
    Location:
    Australia
  5. Revils

    Revils Well-Known Member Silver Stacker

    Joined:
    Jun 20, 2013
    Messages:
    1,043
    Likes Received:
    298
    Trophy Points:
    83
    Location:
    Australia
    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.)
     
  6. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    ...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?
     
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,606
    Likes Received:
    4,392
    Trophy Points:
    113
    Investigations into tax avoidance by individuals, Binance itself is not under investigation and is cooperating.
     
  8. Brendio

    Brendio Active Member

    Joined:
    Oct 4, 2017
    Messages:
    140
    Likes Received:
    91
    Trophy Points:
    43
    Location:
    Wide Bay
    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.
     

Share This Page