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/biz/ - Business & Finance

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20612780 No.20612780 [Reply] [Original]

What's the best way to cash out crypto to a bank account? I live in the EU.

>> No.20612803

>he doesn't know that you can't cash out

>> No.20612829

Sell on coinbase and send money to your bank, it's very easy

>> No.20612830

>>20612780
What does "cashing out" mean?

>> No.20612851
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20612851

>>20612780
Hold on a sec, people actually profit from this?

>> No.20613292

>>20612829
Yes I was thinking about that, but aren't fees really high there?

>> No.20614165

>>20612780
You can't cash out, idiot.

>> No.20614207

I live in UK - don't use fucking coinbase, fees are extortionate. In 2017 I sold all my gains for amazon gift vouchers off some dodgy website... Looks like Binance Jersey bank transfer is best option for us now.
I intend to sell everything into bitcoin when altseason is over and bitcoin rallies, ride that for a bit and then move it all to Binance and cash out into my bank account.
I'll ring the bank before and let them know to expect a shit ton of money to arrive so there's no issues with it. Capital gains tax here is 20% and only above like 12k so in all honesty it's not that bad.

>> No.20614225

>>20612851
Where the fuck have you been for the past 2 months? I'm up 400% on some coins and we're just getting started. 2017 is BACK, at least for the next month or so

>> No.20614240

>>20612780
That song is a zeitgeist of early 10s’ hip hop

>> No.20614249

Oh and if you make truly insane gains best option is an OTC trader, I know there are quite a few in London that will do a deal with you face to face but they usually charge slightly shitty rates.

>> No.20614288

>>20614207
Don’t we have to pay per-trade taxes in the UK?

>> No.20614364

>>20614288
They don't need to know about my trading, just that I'd like to deposit a large sum of bitcoin I bought ages ago and held :))

>> No.20614440

>>20613292
use coinbase pro, the fees are better than regular coinbase

>> No.20614593

i know that revolut supports some crypto coins now. is it possible to just sold your alts to btc, transfer btc to revolut acc and then just swap it to eur? thanks.

>> No.20614779

>>20614440
Ok, that's something. They have a daily withdraw limit of 50k and a single 0,15$ fee.

>> No.20614802

>>20614593
I have revolut metal but their crypto is a complete scam, it's not a proper exchange at all

>> No.20614806

>>20612780
>cashing out back into the boomer banking system
>during the start of the golden bull and the greatest transfer of wealth seen in the last 100 years.

NOT GONNA FUCKING MAKE IT FREN

>> No.20614855

>>20614806
I am taking out half to pay some bills .

>> No.20614917
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20614917

>>20614855
>actually taking out crypto instead of just borrowing from AAVE or Compound to pay bills
ngmi

>> No.20614936

>>20612780
coinbase to revolute and use their virtual debit cards or a physical one

>> No.20614966

>>20614855
What?! How big are your bills? 300k? If not, keep your crypto man.

>> No.20615028

>>20614917
Can you actually borrow out fiat with them?

>> No.20615713

>>20614855
get a loan against your crypto and then wagecuck to pay it off.