How difficult is it to sell your position? - page 6.

Wipro

hero member

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Quote from: Doell on October 09, 2017, 01:48:21 PM

Quote from: chaitanyagoa on October 08, 2017, 06:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

the limit for the size of the great man who has that much money is there , a certain limit exists depending on the exchange volume includes a portion of the limit , from the mining proceeds that are also mined partly from the limit , cash out is easy , as easy as you buy .

It is not the limit of the exchange. That limit was set by the trader who can manage the amount limit. Need to check the trader who has been able to trade with your limit.
Traders will help you to exchange your bitcoins to any fiat money. I suggest to localbitcoins.com to sell it out for your need or more.

Doell

hero member

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Quote from: chaitanyagoa on October 08, 2017, 06:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

the limit for the size of the great man who has that much money is there , a certain limit exists depending on the exchange volume includes a portion of the limit , from the mining proceeds that are also mined partly from the limit , cash out is easy , as easy as you buy .

AT101ET

legendary

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Quote from: chaitanyagoa on October 08, 2017, 06:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

Cash out to BTC or to fiat?
Either way, both are very easy. Most coins/tokens are listed on at least one (usuallly more) exchange(s). When you want to 'cash out' all you have to do is make sure you've got your funds on the exchange and then execute a trade for the current value in BTC.
If you want to cash out to fiat then all you need to do is transfer those coins to an exchange that lets you trade BTC/USD and then withdraw those funds to your account.

madwica

hero member

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Base on my experience all the thing like buying and cash out bitcoin is very easy here in my country because of our bitcoin wallet has a great srvices and more partners that we can cash in and cash out our bitcoin fund.
But in an exchange there is always a limit on buying a coin, but i do not know the limitation of cash out using an exchange.

For me i suggest that do not put a huge capital in one exchange, much better to used multiple exchange to lessen the risk of your fund and you also have more options in selling your coin.

Yuhee

sr. member

Activity: 546

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Quote from: player514 on October 09, 2017, 02:38:39 AM

Quote from: chaitanyagoa on October 08, 2017, 06:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

On exchanges, you generally have an option to put out your cash into a USD / fiat wallet. That should offer solutions to withdraw into your account. Either that or you can go from Bitcoin to USD.

Bitcoin users differ in countries so i guess that depends on what kind of services your country has. Most are in USD so their are a lot of services offered for easy transaction. Better to send them to some blockchain enabled sites if there are any available in your place. I think the service that could beused to cashin should offer also cashout options. Assuming that the site is not an exchange site.

player514

legendary

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Quote from: chaitanyagoa on October 08, 2017, 06:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

On exchanges, you generally have an option to put out your cash into a USD / fiat wallet. That should offer solutions to withdraw into your account. Either that or you can go from Bitcoin to USD.

h0lybyte

hero member

Activity: 924

Merit: 511

If you are using simple wallets like xapo,blockchain to store your cryptocurrencies,then it is difficult to cashout your assets for fiat currency.
However, using exchanges instead of wallets, you have option to cashout different digital coins within the exchange.
Some best exchanges you can use are bittrex,changelly,localbitcoins.

roccstar

full member

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Quote from: chaitanyagoa on October 08, 2017, 06:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

At present, there are so many cryptocurrencies available at market. So when you invest or buy any cryptocurrencies, you should invest in cryptocurrency which is of high demand or in the cryptocurrency that you think its good. So there wont be any problem at the time of selling also. To cash out the cryptocurrencies, first you need to convert it into btc in any altcoin exchange like poloniex and transfer that btc into your local bitcoin exchange. That's it.

Pearls Before Swine

sr. member

Activity: 1190

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I've seen some coins on exchanges like Yobit where you can't even find a buy order when
it comes time to sell. The markets are sort of like penny stocks, where there isn't a lot of
liquidity. Check out some of the stinkers on Yobit, and you'll see a bunch of sell walls and
absolutely NO buy orders. So yeah, it's very difficult to cash out of some of them.

For bitcoin and the other big cryptos, the market is very liquid and you should have no
trouble selling them. Litecoin, ethereum, Dash, and others...there are a lot of buyers right now.
I'd try to stay away from ones that don't have a strong 'brand name'. If you trade on
exchanges like Kraken, where they don't have a lot of coins to begin with you should be safe
as well.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: chaitanyagoa on October 08, 2017, 06:28:10 PM

how to cash out of them?

That's the job of the exchange mostly with a local one, you can transfer it to your bank after convert it to fiat.

Quote from: chaitanyagoa on October 08, 2017, 06:28:10 PM

Is it as easy as buying them?

Yep, because it's automatically converting with the current price of bitcoin.

Quote from: chaitanyagoa on October 08, 2017, 06:28:10 PM

Or are they limits?

For an exchange there is a limit. But if you want to sell it with your native countrymen you can, just use localbitcoins.

chaitanyagoa

newbie

Activity: 14

Merit: 0

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

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