Cashing Bitcoin: Difference between revisions

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*'''Makers and takers''' - Makers are market makers who provide two-sided markets, and takers as those trading the prices set by market makers.
*'''Makers and takers''' - Makers are market makers who provide two-sided markets, and takers as those trading the prices set by market makers.
*'''crypto exchange''' - allows you to buy and sell in crypto and fiat [https://en.wikipedia.org/wiki/Cryptocurrency_exchange]
*'''crypto exchange''' - allows you to buy and sell in crypto and fiat [https://en.wikipedia.org/wiki/Cryptocurrency_exchange]
*'''Bank transfer''' - fiat transfered from exchange to bank
*'''Fiat wallet''' - tranfer to bank account is free for crypto.com [https://help.crypto.com/en/articles/2933106-fiat-wallet-usd-bank-transfers-via-ach-network]


=Companies=
=Companies=

Revision as of 21:56, 16 March 2024

Terms and Language

  • A crypto withdrawal - when you transfer your cryptocurrency balance to an external wallet, such as a Metamask, Ledger or to a cryptocurrency exchange. This is known as an 'on-chain' transaction, where the transfer occurs on the blockchain.
  • Non-custodial (or self-custodial) vs custodial - non-custodial means you have private keys, custodial means they have your private keys
  • Makers and takers - Makers are market makers who provide two-sided markets, and takers as those trading the prices set by market makers.
  • crypto exchange - allows you to buy and sell in crypto and fiat [1]
  • Bank transfer - fiat transfered from exchange to bank
  • Fiat wallet - tranfer to bank account is free for crypto.com [2]

Companies

  • Bitcoin can be cashed at $10k for every 7 days by usins CashApp [3]
  • You can use Zengo [4]
  • You can use an exchange, and link your bank account there.
  • which bitcoin exchange has the lowest withdrawal fee to bank account?
  • Top 10 crypto exchanges - [5]. Bank transfer fee is 1% on Moonpay [6]