Thanks for all the help
Here is my counts: (coinbase.com/trade)
Altcoins Total: 126 EUR (Before trading)
Altcoins Fees: 16.86 EUR (Total, counting each trade)
Altcoins Total: 109 EUR (Available for cash out)
If you aren't convinced by now then give this method a try...
coinbase.com/earn
Topic: Is it possible to convert altcoins into bitcoin and withdraw? - page 2. (Read 307 times)
This is a very specific question based on which altcoins you have.
I have MKR, COMP, XLM, CGLD, GRT, BAND, NU, UMA, NMR, FORTH, SKL, MATIC and AMP.
Check my table: (All the free giveway)
https://nitro.download/view/675B07FA18E0B2F/Hacxx_Underground_-_Cryptocurrency_Table_3.rar
I have MKR, COMP, XLM, CGLD, GRT, BAND, NU, UMA, NMR, FORTH, SKL, MATIC and AMP.
Check my table: (All the free giveway)
https://nitro.download/view/675B07FA18E0B2F/Hacxx_Underground_-_Cryptocurrency_Table_3.rar
For security most users avoid download links, maybe you could upload screenshots of it to a free image host site instead?
This is all coins given for free to verified coinbase users. The reason why i ask is if anyone has tried to move small altcoins to vault and cashout with PayPal.
Any reason for using coinbase vault? cause if you're storing funds, that's bad news. Never use a custodial wallet to store funds, see https://notyourkeys.org/. For withdrawing thru paypal, I believe @Bitcoin_Arena has summed it up for you, just remember to check the trading fees, minimum trading amount and paypal fee first before jumping.
Thanks
https://i.ibb.co/xGJvptN/print.jpg
I am curious, how much have you gained with coinbase earn? Not to make your affairs but just to understand the real impact. This new type of distribution is gaining more success, a kind of selective airdrop.
I have profit of more than 100 EUR. Quote
I have tried just one time with BAND but not able to complete the test and get the reward 
The test is quite simple for all coins, you view the tutorial and answer some questions about it.
I really don't know why you didn't get rewarded. Did you submit the required account verification documentation?
Check my table: (And follow the links Free/Giveway)
https://nitro.download/view/675B07FA18E0B2F/Hacxx_Underground_-_Cryptocurrency_Table_3.rar
Don't use coinbase.com to convert your token or you are going to pay a heavy price via fees. Use coinbase pro instead. Setting it up shouldn't be hard if you are already registered on coinbase.
Once you set up your coinbase pro account. Just transfer the coins there (No transfer fee paid), trade them off your USD and then withdraw the USD into your linked paypal account.
https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/paypal-faq
I have MKR, COMP, XLM, CGLD, GRT, BAND, NU, UMA, NMR, FORTH, SKL, MATIC and AMP.
Coinbase pro has all the USD trading pairs of all those coins mentioned - https://pro.coinbase.com/markets.Once you set up your coinbase pro account. Just transfer the coins there (No transfer fee paid), trade them off your USD and then withdraw the USD into your linked paypal account.
https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/paypal-faq
Thanks, i will see how much i will be going to waste in fees and if it's to much i will follow your advice.
This is a very specific question based on which altcoins you have.
I have MKR, COMP, XLM, CGLD, GRT, BAND, NU, UMA, NMR, FORTH, SKL, MATIC and AMP.
Check my table: (All the free giveway)
https://nitro.download/view/675B07FA18E0B2F/Hacxx_Underground_-_Cryptocurrency_Table_3.rar
I have MKR, COMP, XLM, CGLD, GRT, BAND, NU, UMA, NMR, FORTH, SKL, MATIC and AMP.
Check my table: (All the free giveway)
https://nitro.download/view/675B07FA18E0B2F/Hacxx_Underground_-_Cryptocurrency_Table_3.rar
For security most users avoid download links, maybe you could upload screenshots of it to a free image host site instead?
This is all coins given for free to verified coinbase users. The reason why i ask is if anyone has tried to move small altcoins to vault and cashout with PayPal.
Any reason for using coinbase vault? cause if you're storing funds, that's bad news. Never use a custodial wallet to store funds, see https://notyourkeys.org/. For withdrawing thru paypal, I believe @Bitcoin_Arena has summed it up for you, just remember to check the trading fees, minimum trading amount and paypal fee first before jumping.
Yes it is possible but given how you will probably have a lot of exchanges to deal with, I am pretty sure that it's not worth the effort to do so because you will probably have to pay a lot for doing the switches.
It's worth converting to BTC no matter how small your altcoin's worth. The transaction fees are just small anyway, it's the withdrawal fee that bit higher which is probably worth $15-20. Many bounty hunters convert their altcoins to BTC, they do it all the time. The draw is that they are stacking sats and BTC after all is worth owning than having thousands of worthless coins.
It's possible if it has a BTC pair but beware of the fees as you said. I didn't have tried coinbase earn program but check if there are other fees aside from the buy and sell spread of each pair. If the cost of converting is acceptable, Go try it but if it isn't I think it's better to accumulate more before converting. I also suggest converting it to a stable coin rather than BTC if you don't want the volatility to hit you since you are going to withdraw your altcoins.
Yes of course you can convert your altcoins to BTC. But you must pay attention to these:
- Ensure that in the exchange, there is the altcoin that you have
- Ensure that there is pairing with BTC in the exchange, if not, you can convert to other pairings and then convert to BTC
About the fees, I think that every exchange will charge the fee transaction of trading and also withdrawal, however, the amount of the fees will be different.
And if it is worthy or not, I think that it will depend on what will you do after converting to BTC, you need to wait for the BTC price to rise if you want to sell that BTC, not selling at this time when down.
- Ensure that in the exchange, there is the altcoin that you have
- Ensure that there is pairing with BTC in the exchange, if not, you can convert to other pairings and then convert to BTC
About the fees, I think that every exchange will charge the fee transaction of trading and also withdrawal, however, the amount of the fees will be different.
And if it is worthy or not, I think that it will depend on what will you do after converting to BTC, you need to wait for the BTC price to rise if you want to sell that BTC, not selling at this time when down.
If all of them are already tradeable for BTC pair, it was pretty quick to covert. But if not, well, Of course, it can still be traded to BTC but it takes time like you need to trade for it to ETH or USDT first before it traded finally to BTC. It wasn't a problem if you know how to do it.
Anyway, it all just free coins, you don't buy them and I think, it was not a big deal if you pay huge fees.
yeah, as it mentioned above reply, USD is the best option when you want to send it to your PayPal account.
Anyway, it all just free coins, you don't buy them and I think, it was not a big deal if you pay huge fees.
yeah, as it mentioned above reply, USD is the best option when you want to send it to your PayPal account.
If he can't find the btc pair for his alt, he can always check other pairs like ETH or USDT.
However, I don't know much if coinbase has minimum requirement before you can execute a trade.
Because like for example in Binance, there are some alts that you can only trade if you will meet the min 10 USD equivalent of your trade.
Otherwise, you can convert it first to other alts readily available in coinbase.
I am curious, how much have you gained with coinbase earn? Not to make your affairs but just to understand the real impact. This new type of distribution is gaining more success, a kind of selective airdrop.
I have tried just one time with BAND but not able to complete the test and get the reward
I have tried just one time with BAND but not able to complete the test and get the reward
If all of them are already tradeable for BTC pair, it was pretty quick to covert. But if not, well, Of course, it can still be traded to BTC but it takes time like you need to trade for it to ETH or USDT first before it traded finally to BTC. It wasn't a problem if you know how to do it.
Anyway, it all just free coins, you don't buy them and I think, it was not a big deal if you pay huge fees.
yeah, as it mentioned above reply, USD is the best option when you want to send it to your PayPal account.
Anyway, it all just free coins, you don't buy them and I think, it was not a big deal if you pay huge fees.
yeah, as it mentioned above reply, USD is the best option when you want to send it to your PayPal account.
Don't use coinbase.com to convert your token or you are going to pay a heavy price via fees. Use coinbase pro instead. Setting it up shouldn't be hard if you are already registered on coinbase.
Once you set up your coinbase pro account. Just transfer the coins there (No transfer fee paid), trade them off your USD and then withdraw the USD into your linked paypal account.
https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/paypal-faq
I have MKR, COMP, XLM, CGLD, GRT, BAND, NU, UMA, NMR, FORTH, SKL, MATIC and AMP.
Coinbase pro has all the USD trading pairs of all those coins mentioned - https://pro.coinbase.com/markets.Once you set up your coinbase pro account. Just transfer the coins there (No transfer fee paid), trade them off your USD and then withdraw the USD into your linked paypal account.
https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/paypal-faq
This is a very specific question based on which altcoins you have.
I have MKR, COMP, XLM, CGLD, GRT, BAND, NU, UMA, NMR, FORTH, SKL, MATIC and AMP.
Check my table: (All the free giveway)
https://nitro.download/view/675B07FA18E0B2F/Hacxx_Underground_-_Cryptocurrency_Table_3.rar
Quote
Secondly, Is it worth this method a try or is it the earnings wasted in fees? Maybe if you have a small amount of coins and trade them on various decentralized exchanges, chances are you might end up losing most of the amount in fees.
This is all coins given for free to verified coinbase users. The reason why i ask is if anyone has tried to move small altcoins to vault and cashout with PayPal.
But not all the time market has a high fee, just like now, it only cost $1 for the medium speed of transaction or in the current value of 19 sats/vB. Look at this mempool space if you want to have information when the bitcoin fee becomes low. [ https://mempool.emzy.de/ ]. If that is above $10 of bitcoin and you will pay the fee of $1 still fine for me, still bitcoin as your choice coin to transfer in PayPal still the best option.
If you are holding dust then it's not worth moving due to transaction fees. If it'd traded in coinbase, then you might exchange with Bitcoin. I am not sure the coinbase account is linked with the coinbase pro. Otherwise, you have to spend fees to transfer there if listed your coin in coinbase pro. You should take a look at where your coins are listed. Check-in CMC, then you have to move your holdings on the exchange where it's been trading. Then calculate the transaction and withdrawal fees. As long as your holding trading somewhere means you can simply exchange.
Can't i do that inside coinbase or am i missing something? What i was thinking was sell the altcoins inside coinbase to one wallet and withdraw. I don't want to be an accountant but i will check transactions fees for each coin and amount.
This is a very specific question based on which altcoins you have.
I have MKR, COMP, XLM, CGLD, GRT, BAND, NU, UMA, NMR, FORTH, SKL, MATIC and AMP.
Check my table: (All the free giveway)
https://nitro.download/view/675B07FA18E0B2F/Hacxx_Underground_-_Cryptocurrency_Table_3.rar
Quote
Secondly, Is it worth this method a try or is it the earnings wasted in fees? Maybe if you have a small amount of coins and trade them on various decentralized exchanges, chances are you might end up losing most of the amount in fees.
This is all coins given for free to verified coinbase users. The reason why i ask is if anyone has tried to move small altcoins to vault and cashout with PayPal.
If you're worried about the fees, you can always check the fee for free at any time. And as for the fees of bitcoin for sending, it isn't that much lately so basically you don't have to worry about the fees. As said, we can always trade altcoins for bitcoin at any moment because bitcoin has the most pairs in the market, and usually most of the coins in the centralized exchanges like Coinbase, you can see a lot of pairs there. You'll have no problem cashing it out as long as the exchange where you're going to withdraw is supporting some withdrawal methods on your country.
If you are holding dust then it's not worth moving due to transaction fees. If it'd traded in coinbase, then you might exchange with Bitcoin. I am not sure the coinbase account is linked with the coinbase pro. Otherwise, you have to spend fees to transfer there if listed your coin in coinbase pro. You should take a look at where your coins are listed. Check-in CMC, then you have to move your holdings on the exchange where it's been trading. Then calculate the transaction and withdrawal fees. As long as your holding trading somewhere means you can simply exchange.
This is a very specific question based on which altcoins you have.
First of all, is it possible to convert altcoins to BTC? Yes it is, as long as the coins you have are being traded actively in the market.
Secondly, Is it worth this method a try or is it the earnings wasted in fees? Maybe if you have a small amount of coins and trade them on various decentralized exchanges, chances are you might end up losing most of the amount in fees.
I rather suggest holding coins that you have in smaller quantities and sell the ones you can in centralized exchanges because you don't have to pay much fees there, although you might be asked for verification.
First of all, is it possible to convert altcoins to BTC? Yes it is, as long as the coins you have are being traded actively in the market.
Secondly, Is it worth this method a try or is it the earnings wasted in fees? Maybe if you have a small amount of coins and trade them on various decentralized exchanges, chances are you might end up losing most of the amount in fees.
I rather suggest holding coins that you have in smaller quantities and sell the ones you can in centralized exchanges because you don't have to pay much fees there, although you might be asked for verification.
Hi,
For some time now i have been collecting altcoins from coinbase.com/earn program for the purpose to cashout by PayPal.
Is it possible to convert all the altcoins that i have collected into bitcoin for example and cashout?
Is it worth this method a try or is it the earnings wasted in fees?
Thanks
For some time now i have been collecting altcoins from coinbase.com/earn program for the purpose to cashout by PayPal.
Is it possible to convert all the altcoins that i have collected into bitcoin for example and cashout?
Is it worth this method a try or is it the earnings wasted in fees?
Thanks
Jump to: