Cashing Bitcoin

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]
• Selling crypto to a bank account - Moonpay has 1% fee [3]
• Selling fiat to bank account - same as fiat withdrawal. Crypto.com has free withdrawal from fiat wallet [4].

Fees:

• Network fee - always exists? Paid to network operators. [5]
• Processing fee - buying, selling, trading fee.
• Gateway fee - fee to operators for interaction with banks, cc companies, payment providers

Companies

• Bitcoin can be cashed at $10k for every 7 days by usins CashApp [6]
• You can use Zengo [7]
• 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 - [8]. Bank transfer fee is 1% on Moonpay [9]