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]