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.
Because my country applies a crypto tax so most of us prefer to withdraw proceeds from Bitcoin via P2P and even then at a rate that is still below the CEX withdrawal fee to Bank account. In my opinion when it comes to withdrawals you really need to calculate at least comparing the costs between P2P and CEX. Although there are several points that I often apply in the withdrawal amount, for example in P2P the most is under $2000, while above that I prefer to use a local exchange, besides being safe because it is regulated and the process is also quite fast. Even though taxes have to be covered, it doesn't matter because I'm a little careful if a withdrawal transaction via P2P is above the specified limit. Undesirable things happen, some of my friends experienced cases of theft.