What’s up guys! So, I’m relatively new to all this and I’m still sorta exploring the whole processes related to crypto and all that jazz. At the mo I’m looking for a good exchange which I can fully trust. I’m basically looking for
the best Crypto to Fiat Exchanges for cashing out. I get the fact that there are quite a number of exchanges which accept your fiat currency to exchange crypto, but I’m looking for something that’s a ‘reverse’ process. After all, does it even exist in the first place? I’m thinking… well, to be honest I’m worried that changing back from crypto to fiat brings with its share of challenges or even problems, perhaps?
I heard that there are some exchanges which can apply quite a few restrictive withdrawal limits to its users. Is it true that there are even exchanges which don’t even allow users to withdraw funds? The fact there’s so much variety when it comes to exchange platforms only makes my decision harder. With all these factors taken into consideration, I’m on the lookout for an exchange that’s worth its salt – without putting all my funds at risk, you know? So… in a nutshell I want to know more about the best crypto to fiat exchanges, the withdrawal limits they have etc etc… I’d appreciate any helpful info you can give – thanks guys!!
The quickest and easiest way for you to convert your BTC to fiat would be through a peer to peer platform, whether LBC, Paxful, Bisq, etc. They have decent rates that are relatively close to spot, with a variety of payment methods, all the while you are protected by escrow.
If you are willing to verify yourself and submit certain identification documents, then you could potentially use a regulated exchange to cash out. There are plenty of options on that end, and it will depend on where you're located, but globally, Kraken, Bitstamp, Gemini are some of the ones that have a solid reputation.
For short term trading, you might look into stablecoins as a more convenient way. Though I don't necessarily recommend it even though you don't need to submit verification on most exchanges in order to cash out this way, because they may run on fractional reserve.
