Ok, so i have a question around this.
After the next alt coin rally, i will be looking to exit around 75% of my portfolio into USD or EUR, so that when there is another BTC dip, i can buy in, rather than holding BTC from the top down.
im not looking to cash out to my bank, just hold in USD or EUR (im in the UK)
i dont really want to use Tether, as im a bit wary of that going boom and taking my money with it.
is the best way to trade into EUR or USD on GDAX and hold it there?
any help, or advice on how people do this greatly appreciated, as ive only been in this a few months and need to work on a plan.
If you are in the UK, your best bet is making an account with Kraken. You can then send bitcoin to Kraken and sell it for Euros.
It's pretty easy to withdraw your euros to your UK bank account - under the euro withdrawal section of Kraken, list your UK bank with it's IBAN and BIC. When you send euros, your bank will receive them and convert to pounds sterling (the bank usually charges a 5% forex fee). You usually get your money within 24 hours of requesting a withdrawal.