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1  Economy / Exchanges / Re: Can I sell my BTC for USD on Bitfinex? on: December 14, 2018, 04:06:28 AM
I will exchange it again at a later date for crypto and just transfer it to my hard wallet.... But for now, I'd like to know how to change it into USD.
Just select the BTC/USD pair, fill the fields (price USD and amount BTC) and click "Exchange Sell". If you just want to sell to the market (current price), select "Market" before doing so; That's it, isn't it?

For some reason, no.

I have Ethereum at Bitfinex also. When I buy and sell Ethereum, the money comes/goes from my USD balance. i.e., when I buy Ethereum... my USD balance goes down by the amount of the transaction.

For the Bitcoin, I just transferred it in from an external wallet a few days ago. It seems to be denominated differently then my Ethereum. The balance of my Bitcoin wallet shows the # of Bitcoin (not the USD value)..... so it's showing 2 Bitcoins, not $7000 USD. This is different than my Ethereum wallet, which always shows the value based in USD.

When I tried to sell it today, the amount I sold did not come out of my Bitcoin Wallet..... it showed that I shorted Bitcoin for that amount. (my Wallet amount stayed at the original amount). The 2 offset each other, so net balance is correct... but something is wrong here. Is it possible that my Bitcoin is not in a tradeable wallet? it's in my exchange wallet.

2  Economy / Exchanges / Re: Can I sell my BTC for USD on Bitfinex? on: December 14, 2018, 12:59:51 AM
Bitfinex currently (yet again) has banking problems or is running a fractional reserve exchange, either way, they have problems processing USD withdrawals and have significantly upped the withdrawal fees to discourage traders to cash out USD. I would highly recommend anyone to stay away from that exchange and figure out what the best alternatives are, because Bitfinex isn't it.

Look into exchanges as Coinbase, Kraken, Bitstamp, Gemini for fiat exit points. They all obviously require you to verify yourself. If you don't want to deal with that shit, and are just looking for a way to hedge the market, you can always park your funds temporarily in a stablecoin, but that obviously comes with a high level of counterparty risk.

Here we go again.

I understand this.

Can somebody just tell me how to do what I'm asking?

I will exchange it again at a later date for crypto and just transfer it to my hard wallet.... But for now, I'd like to know how to change it into USD.

3  Economy / Exchanges / Re: Can I sell my BTC for USD on Bitfinex? on: December 13, 2018, 10:05:39 PM
I DON'T want to trade, I just want to sell my BTC for USD(convert my BTC to money) on Bitfinex.
Is there a way to do this? If so, how can I do that?

How do I do this? There was lots of talk in this thread about why he shouldn't do it, etc. But does anybody have an answer of how I can move my BTC funds into USD funds?
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