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Topic: What is the cheapest way to withdraw Bitcoin to USD? - page 2. (Read 221 times)

legendary
Activity: 1904
Merit: 1563
What is the best/cheapest way to withdraw Bitcoin out to USD, one way or another?

This is already a topic back then, on what would be the ideal way to prevent high fees. And I would personally suggest that you use XRP. The process is pretty simple, you convert your BTC > XRP then convert XRP > USD right after. Remember that the price of XRP isn't volatile in the current market and it requires less transaction fees with faster speed -- hence it would be an essential way as you would only do it for withdrawal or deposit purpose (I won't recommend XRP trading, there are better and safer coins out there). And with that, let me show you a simple computation:

Using coingecko's conversion amount in current price point
1BTC = ~47,306.55 USD (if converted directly)

1BTC = ~90,455.719 XRP
And if you would use BTC > XRP then USD, you could have around ~47,413.81 USD. Plus the fee of XRP isn't cost even a penny.

newbie
Activity: 28
Merit: 5
I found a site claiming to have paths to do it and you could search, a fee calculator, but it was way outdated as it had bitcoin price at about 5k. It also said to use Coinbase Pro which had no fees, but I'm pretty sure that loophole is closed now.

Another site claims Bittrex is the best way, to transfer your BTC into Bittrex and then convert to USD and withdraw to bank.

Another site says to convert Bitcoin (BTC) to Litecoin (LTC) or Stellar Coin (XLM) and withdraw through Coinbase or your preferred method.

Another suggests Gemini.

I'm also concerned about "spread" which while they claim it is to "protect" you, let's be honest, it's there to wait a few days to pick the best price for THEM so they can steal the most fees and make the most profit off your money.

What is the best/cheapest way to withdraw Bitcoin out to USD, one way or another?
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