Hey guys,
I have only been using Kucoin for a few months now and I wanted to know what the best method to cash out my crypto to USD would be? Should I trade it all to Tether then transfer to a USD exchange like Bittrex or something else?
Any help is appreciated.
Well, one of the major factors in determining how to withdraw from an exchange depends on the withdraw fee of each coins.
Let me cite an example. There was a time I needed to withdraw some funds from an exchange. When I converted it to btc, I had to pay a fee of $19 which is quite high because it wasn't up to a hundred dollars that I wanted to withdraw. I, however, realised before withdrawing that if converted to XRP, the withdrawal fee is just 1XRP, which at that time is just some cents. Not even up to a dollar.
And that was exactly how I withdrew the funds to another exchange that now paid me in my local currency.
I already mentioned the other factor, the coin you'd choose must be one listed on the USD exchange so you'd not get stucked.