Cashing Bitcoin

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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]

Companies

  • Bitcoin can be cashed at $10k for every 7 days by usins CashApp [2]
  • You can use Zengo [3]
  • You can use an exchange, and link your bank account there.
  • which bitcoin exchange has the lowest withdrawal fee to bank account?
  • Bank transfer fee is 1% on Moonpay [4]