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 They are converted to btc on Poloniex, moved to Gemini, then converted to USD and withdrawn to my bank.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?
your best option is to find an exchange in your own country to exchange bitcoin/altcoins for fiat there because it will be easy and will be much cheaper than any other options.
since you live in Hong Kong you may find the Chinese board here (
https://bitcointalk.org/index.php?board=30.0) more helpful to your situation since you can find others there.