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Jasper Neo

11 Jul 2021

∙

Crypto/Stablecoin Withdrawals

I have read many discussions/posts in seedly on trading/hodl/yield earning for crypto/stablecoin. But it seems like we have yet to have any post/discussions regarding exit plan or withdrawal from crypto/stablecoin back to fiat? Anyone has any good recommendations on lowering the fees, transaction cost and ease/range of withdrawals?

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Daniel Chua

15 Jul 2021

Digital Audio Visual Production (Nitec) at ITE

If you have a larger amount of crypto you can consider the OTC market where you meet a buyer and they exchange cold hard fiat for your crypto.

But they usually deal with USDT as it has been the longest running stable coin.

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Ang Yong Ming

12 Jul 2021

I think Gemini is the easiest for fiat withdrawals as they allow SGD withdrawals of up to 100k per day, whereas Coinhako is limited to only 20k withdrawal per day + they charge a $2 withdrawal fee. Most of my cryptos are now in my Metamask, Terra Station, Keplr wallet. I intend to transfer everything to Binance through the Matic network, Luna network and Atom network respectively, then swap everything to ETH (0.1% fee), withdraw ETH via ERC network to my Gemini Account (0.0036ETH fee), then sell my ETH for SGD (0.35% using Gemini ActiveTrader) and withdraw to my bank account from there!

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