How much does it cost for you guys to convert to fiat, and is the converting process convenient for you?
I'm new to mining and over the past 3 months and mined about $500 of various cryptos. They are converted to btc on Poloniex, moved to Gemini, then converted to USD and withdrawn to my bank.
My bank fees are about 8% unfortunately. I'm in Hong Kong and have no easy access to US banks or btc to Amazon gift card services. Any tips on lowering these fees?
I'm new to mining and over the past 3 months and mined about $500 of various cryptos. They are converted to btc on Poloniex, moved to Gemini, then converted to USD and withdrawn to my bank.
My bank fees are about 8% unfortunately. I'm in Hong Kong and have no easy access to US banks or btc to Amazon gift card services. Any tips on lowering these fees?
I'm convert at local exchange and consider as my friend (friends of my friend
).He give me good price and decent fee just like 0.04% for every transaction as I convert in small amount such as BTC0.05-0.1
Faster and trusted exchange I think, just sometimes he's busy and I have to be patient waiting for transaction.
I suggest to looking for local exchange in Facebook or bitcoin community in HongKong, There must be some of them offered convert services.
yup me too, i am prefer to exchange with my friends too because i know him and he is one of my closest friends so i am believe him, and for the % fee, sometime my friend don't want to take any fees because he make big profit with the other people that withdraw with him. but i think i am pay my fee is about 0.1 % as i don't thinking much with fees.