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]
  • 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]. But you can only feed fiat from fiat, [5].

Fees:

  • Low cost exchanges - For example, BitMEX is free to withdraw? [6]
  • Network fee - always exists? Paid to network operators. [7]
  • Processing fee - buying, selling, trading fee.
  • Gateway fee - fee to operators for interaction with banks, cc companies, payment providers

Companies

  • Best crypto to fiat exchanges [8]
  • Top 10 low Fee Exchanges - [9]
  • Bitstamp - withdraw to fiat is 0-0.25% [10]
  • Bitcoin can be cashed at $10k for every 7 days by usins CashApp [11]
  • You can use Zengo [12]
  • 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 - [13]. Bank transfer fee is 1% on Moonpay [14]