Post
Topic
Board Trading Discussion
Re: What is your preferred method of converting bitcoin (or other crypto) to fiat?
by
tsaroz
on 25/05/2024, 08:22:30 UTC
I know this question has probably been asked a bunch of times before, but with the ever-changing crypto landscape, I'm curious to hear everyone's latest thoughts.

What method do you find most convenient and cost-effective for converting your crypto holdings to fiat currency? CEXs, P2P, Debit Cards... ? Also curious if any new or up-and-coming techniques are on your radar.


I'm using P2P. Not only are they easier than getting it on bank account through some business but I also get better rates. I don't even have to think of calculating about my crypto taxes as I'm getting it on bank as fiat but it's not linked to crypto. In both case I'm getting the money into my bank account, one has more paperworks, more tax and commission while other have less commission. There are people talking about the bad experience they had while doing P2P but I never had that experience as I go only with highly rated traders.