Quote from: Leon83 on February 15, 2020, 12:10:01 PM

I just bought 3000 XTZ on Coinbase and I'm wondering what's the best way to cash out to FIAT when the time comes to sell in the future?
(I live in europe, so I use Bitstamp to buy Bitcoin. Transfered 1 BTC to Coinbase and converted it to XTZ. They took $130 for that conversion, by the way.)

So what's the best alternative here to get the lowest fees/spread margin.

1. Convert XTZ to BTC. Withdraw BTC from Coinbase to Bitstamp. Sell BTC on Bitstamp and withdraw EUR to bank account (SEPA transfer).

2. Sell XTZ to EUR on Coinbase and withdraw using SEPA transfer.

3. Withdraw XTZ to another exchange with lower XTZ/BTC conversion fee/spread margin. Then withdraw BTC to Bitstamp.

You should cut Coinbase out entirely next time.

If you transferred the 1 BTC to Binance instead, you would have paid only 0.001 BTC (0.1%) in fees to convert to XTZ: https://www.binance.com/en/trade/XTZ_BTC

I would do the same thing on the other side of the trade. You could probably also save considerably on fees by cashing out bitcoins on Binance Jersey or another lower fee exchange instead of Bitstamp. Converting bitcoins to EUR costs 0.1% and EUR withdrawals are free: https://www.binance.je/fees.html