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.
Centralized exchanges are the best place you can have efficacy of conversation of your Bitcoin to any other options be it Bitcoin or other cryptos and fiats. Exchanges like Binance and Kucoin has been tasted and they are save because the exchanges act as the middleman, you will hardly run into scam but if you don't put caution into place while trading, there are some ways scammers might still scam you but they are rare because their insurance deposit merchants must made before they are allow to trade, so you are good to go but my problem is that centralized exchanges are not safe other like risk of custody.
If you need money to for spending, you will need fiat but don't forget you will py tax if you leave in a country where crypto are tax but if you need conversion to buy other coins, there is no need to convert from fiat to crypto, you can simply use centralized exchange conversion to convert into any crypto of your choice.