What's the cheapest way to cash out your coins?

[Turbolantern]

For non-US users.

[wemakereview]

For non-US users.

You can use a third-party broker or a peer-to-peer transaction. Although the latter is faster and more anonymous, the cheaper option can be conditional I think.

[000sghosh]

There are few ways

sell it via a cryptocurrency exchange
over-the-counter trading
acquiring a prepaid cryptocurrency card (BitPay prepaid debit card, Wirex crypto debit card, or prepaid Visa card)

[Mkmanik]

For non-US users.

Of course, it's the Binance P2P marketplace.
I am a regular user of this exchange and most of the time I like to use the Binance P2P marketplace to cash out my coins. There are very few fees but it's very safe and secure. There is also a lot of payment gateway available. So it's making daily life very easy.

(if you want to use Binance you must do KYC)

[Obito]

Probably P2P is the cheapest of them all, but the only problem that I feel like plagues the P2P market is that a lot of people are not fair with how they sell and buy their price, they almost always go OP when they're selling and go total cheapskate when they're buying. One example is the USDT P2P market in the Philippines, the price for buying is criminally low, they cut around 14% or so when buying USDT. Of course this issue with Filipino P2P Market won't change the fact that I think that P2P market is the cheapest way to cash out your coins.

[dothebeats]

Have it done through P2P or find a local exchange that works for you. I'm from Asia, and most of the time I do P2P transactions whenever I want to trade my bitcoins/other crypto to quick cash using the service of a guy that I've known for almost 5 years now. Sometimes, I just go to the local exchange, trade my bitcoins into XRP or other coins that have low transactions fees which they accept, and start the trade in there.

Binance P2P is a good start, although you will sometimes see traders haggling the price too much.

[dimonstration]

BinanceP2P is the safest answer but you can use the marketplace>services of the forum or on your local board and find a trusted person interested on your crypto. It's hype market so I'm sure many wants to cash in fiat in exchange to crypto. You can save a little bit a fee and you can control your price base on your own desire. BinanceP2P is a good place but the buyer and seller price are too low baller compared if you directly sell it here. Only the risk is your concern so you must only deal to a trusted member that has a positive feedback on this kind of transaction.

[stompix]

For non-US users.

That leaves only 190 and so countries, do you expect to get any real information with that many details you've rained upon us?
Non-US can mean China, Germany, Salvador or Afghanistan, I'm willing to bet that nobody will ever be able to provide you a solution that would be the cheaper for ll four of them.

Probably P2P is the cheapest of them all, but the only problem that I feel like plagues the P2P market is that a lot of people are not fair with how they sell and buy their price, they almost always go OP when they're selling and go total cheapskate when they're buying. One example is the USDT P2P market in the Philippines, the price for buying is criminally low, they cut around 14% or so when buying USDT.

You just managed to contradict yourself in the first line.
I don't understand why people say P2P is the cheapest, with the P2P markets the seller/buyer is treating this as a business, he's making money out of this and you're going to have to pay for that when you're dealing with them. Have you ever seen a seller on P2P giving you a better price than the spot orders?


 

[LeGaulois]

Stop to recommend the binance p2p marketplace. It's one the worst to use. People are so funny, they shitpost here and there about decentralization, pseudo-anonymity, etc but as you can see they don't follow their own advice.

There are better alternatives than Binance. Why bother with a website in which you will need to upload a personal document. If you're ok with then perhaps you have nothing to do in the crypto world and you should rather stay using fiats and banks. You don't even know what payment the guy is looking to use.

Definitely one of the last to use

As for @OP, I agree with the post above. If you don't say anything about your area or payment network, nobody can advise you of anything useful. People will just fill the space listing everything, even the useless one. Are you using, swift, sepa, ach,...

[Turbolantern]

For non-US users.

That leaves only 190 and so countries, do you expect to get any real information with that many details you've rained upon us?
Non-US can mean China, Germany, Salvador or Afghanistan, I'm willing to bet that nobody will ever be able to provide you a solution that would be the cheaper for ll four of them.

Probably P2P is the cheapest of them all, but the only problem that I feel like plagues the P2P market is that a lot of people are not fair with how they sell and buy their price, they almost always go OP when they're selling and go total cheapskate when they're buying. One example is the USDT P2P market in the Philippines, the price for buying is criminally low, they cut around 14% or so when buying USDT.

You just managed to contradict yourself in the first line.
I don't understand why people say P2P is the cheapest, with the P2P markets the seller/buyer is treating this as a business, he's making money out of this and you're going to have to pay for that when you're dealing with them. Have you ever seen a seller on P2P giving you a better price than the spot orders?


 

Stop to recommend the binance p2p marketplace. It's one the worst to use. People are so funny, they shitpost here and there about decentralization, pseudo-anonymity, etc but as you can see they don't follow their own advice.

There are better alternatives than Binance. Why bother with a website in which you will need to upload a personal document. If you're ok with then perhaps you have nothing to do in the crypto world and you should rather stay using fiats and banks. You don't even know what payment the guy is looking to use.

Definitely one of the last to use

As for @OP, I agree with the post above. If you don't say anything about your area or payment network, nobody can advise you of anything useful. People will just fill the space listing everything, even the useless one. Are you using, swift, sepa, ach,...

OK. Not Binance then.
Care to mention what then?

I didn't mention payment method and said the cheapest because I meant from the lot. I'm open to all methods.

Asl for location, Thailand. Or anywhere else in the region.

Appreciate your pointers.

[coupable]

OK. Not Binance then.
Care to mention what then?

I didn't mention payment method and said the cheapest because I meant from the lot. I'm open to all methods.

Asl for location, Thailand. Or anywhere else in the region.

Appreciate your pointers.

Wherever you live, and if you are not able to join an exchange with all the verification complexes that come from, the best option is to find a local seller near to you. In Thailand, you will surely find someone.
By the way, prices wth local sellers is a little bit high compared to exchange orders if you want to buy, and so much cheaper if you want to sell. You can check one of those P2P platforms where you may find offers suitable to your needs : localbitcoins / localcrypto / Paxful . Suggestion ; try to chose the one which not require KYC verification, i think localcrypto is th best option imo .

[logfiles]

OK. Not Binance then.
Care to mention what then?

I didn't mention payment method and said the cheapest because I meant from the lot. I'm open to all methods.

Asl for location, Thailand. Or anywhere else in the region.

Appreciate your pointers.

The reason why most members suggested to you Binance p2p is because you were seeking for the cheapest way to cashout. Obviously, it's going to be your choice between privacy or cheapest way.

Most popular centralized exchanges now offer p2p services which have very good rates and volumes but the price to pay is handing them over your KYC details
Binance p2p, Okex p2p, Kucoin p2p, Huobi p2p all support your Country's currency.

If you are a person who cares more about not handing over your KYC details. You are going to look for non KYC p2p exchange like Localcryptos, Hodlhodl, bisq but the rates will be slightly higher compared to the normal market prices. This is due to low liquidity and offers in those platforms