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Anonymous

19 Feb 2021

∙

What is the best way to cash out on cryptocurrency?

I am HODLing EGLD. Would like to know how I can cashout when 1 EGLD = 10k. As of now I know 3 ways:

1) crypto.com: Transfer EGLD to crypto.com exchange, sell to CRO, withdraw to crypto.com app, sell to xfers

2) Binance sg: Transfer EGLD to Binance, sell to BTC, sell to xfers

3) Coinhako: Transfer EGLD to Binance, sell to BTC, withdraw to Coinhako, sell to xfers

Does anyone here with experience able to advice which way is cheapest? Best if can directly EGLD sell to xfers. Thank you.

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Michael Wong

19 Feb 2021

Seedly Student Ambassador 2020/21 at Seedly

Depends on what platform you are currently using.

What I would recommend is that if you're on binance.com,

1) sell your coins for BTC. (0.1% fee)

2) Send your BTC to your digital wallet address (I recommend binance.sg due to its lower fees) (0.6% sending fee)

3) Sell your BTC in binance.sg for SGD and transfer the SGD into your xfers account. (0.6% fee)

4) Withdraw from xfers to your bank account. (0% withdrawal fees)

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