Best way to cash out?

[amgturbo45]

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.

[jackg]

Tether seems to have a transfer fee of $20-$100, I'd recommend litecoin or something with enough security that's accepted on other exchanges and is cheap to send (like decred).

For cashing out with a fiat exchange I'd look for comparisons on their costs and see if there are ways to reduce them (eg some sites have a "pro" version that's cheaper for handling trades and withdrawals).

[mk4]

If you don't mind submitting AML/KYC, then that might be the right move. You might as well use something like Kraken though, as their USDT/USD trading pair is pretty liquid.

On the other hand, for no-KYC, probably something like LocalCryptos[1] and HodlHodl[2].

[1] https://localcryptos.com/
[2] https://hodlhodl.com/

[GreatArkansas]

I think you should also consider which country you are from, there are some countries that are strict, especially when you want to use your bank from your country.

Besides what  mk4 suggested, there are some exchanges that now offer P2P trade, like Binance. I am using Binance to cash out some of my tradings profits in USD, like if my USD (USDT/USDC) is coming from other exchanges, like FTX Exchange, I am withdrawing it and transfer to Binance, from Binance, I do P2P trading and sell my USDT to our currency (PHP), bank transfer/some e-wallets.

[cryptoaddictchie]

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?

I think Binance will be the perfect gauge aside from supporting lots of banks and usd related finance institution you can always find resort on the options.

Like what GreatArkansas mentioned the p2p system there is totally convenient. I scanned the list of banks and I'm sure you can find one that supported USD. Like wise depends on your location.

[Coin_trader]

Binance P2P is the best if submitting KYC is not your problem. They are the safest CEX to use for withdrawing fiat to bank since its P2P. But some country has some specific app that offering hassle free services for fiat withdrawal. Try to search or ask on your local board.

[jrrsparkles]

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.

P2P is the fast and cheap way of transferring your cryptos into fiat, I would advice you to convert all of them into BTC than any other coin because BTC trading volume of Peer to peer platforms are lot higher than altcoins.

If you are converting cryptos worth more than $1000 especially if you are from US then I won't recommend using p2p, either use Coinbase pro or Binance exchanges.

[suryogandul]

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.

actually it is easiest to convert to USDT and then convert to USD. but it requires a fee, or maybe you have another option by selling to friends or anyone who is willing to become a converr service is easier

[Ararbermas]

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.

uhm i think trading to usd exchange will be a good choice in my opinion.. Because on this situation you need to pay a fee wherein so high especially if you will choose to trade through tether token "erc20" and then if you'll transfer it again to your main wallet.  seems you'll pay 2x for a fee everytime you will make a transact..  So i suggest you should choose where you can avail a low fee when it comes trading a different coin.. Try to make a comparison on your options so that you'll know which is better to use..

[Tytanowy Janusz]

Tether seems to have a transfer fee of $20-$100,

This apply only to ERC-20 USDT. Majority of exchanges (including kucoin that is being used by OP) support multi-chain withdrawals and deposits in USDT. Means that you can use TRC-20 USDT to move founds from exchange to exchange paing only 0-1$ fee.

@OP I would transfer funds to binance and use their P2P service for USDT/USD trade and than USD withdrawal (you will need KYC), or trade USDT to BUSD and withdraw USD using BUSD (Binance support USD withdrawals using BUSD balance)

[MrcMrc]

If you can convert to binance coin (BNB) or any smart chain currencies their have the lowest fees, but the last time I used kucoin exchange I convert my funds to USDT which has low fees. I will advise you to check where you are sending the fund to know which currency fees favor you.

[Trieteric]

Why cash out? Leave them there.
I also put this question about couple of month ago but then I said, neeeeh. Depends on how much money you have in your wallets, because I dont think you have only one
If you found a good solution, just post it here. Not uselsss details, straight to the point. I have or I dont.

[DarkDays]

If you don't mind submitting AML/KYC, then that might be the right move. You might as well use something like Kraken though, as their USDT/USD trading pair is pretty liquid.

On the other hand, for no-KYC, probably something like LocalCryptos[1] and HodlHodl[2].

[1] https://localcryptos.com/
[2] https://hodlhodl.com/

On point. Kraken is around one of the most used custodial exchange for cashing out. So the if you're not bothered about KYC then what' suggested above would be a viable option, and probably safest too.

As for non-custodial places, I don't have much experience with but with the right amount of Googling I'm sure you'll be able to figure something out

[Kez1817]

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.

 If you use Binance exchange you can use p2p to cash out your money from crypto. You can cash out also through your localcypto but it depends on your country and specific area. In our Country, it's not difficult to cash out because we have a crypto wallet that you can convert your crypto directly to our fiat money then cash out on any remittance center or banks.

[JooBra]

If you live in third world country like me then using crypterium card is best option. I use it and it's really fast and reliable.

[Hippocrypto]

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.

Most common method that I wanted to share with is that buying xrp coins is a good alternative in order get rid of huge tx fees. But make sure that your local exchange did have the availability for this coin to be exchanged towards fiat.
Just like what coinsph features, there's an xrp to php pairing which directly converts your cryptocurrency to fiat cash ready for withdrawal towards atm cash card.

[mamahdedeh]

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.

Most common method that I wanted to share with is that buying xrp coins is a good alternative in order get rid of huge tx fees. But make sure that your local exchange did have the availability for this coin to be exchanged towards fiat.
Just like what coinsph features, there's an xrp to php pairing which directly converts your cryptocurrency to fiat cash ready for withdrawal towards atm cash card.

right, I agree. it will be felt if we only withdraw a little money and are burdened with large fees. therefore converting it to xrp is one way to minimize exchange fees. I used to change it to Doge to pursue low fees, but this time I use xrp for every transaction

[irsykes]

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.

Just look first which chain of Tether that have lowest fees. If you think it is not the lowest yet, you can change to another coin and then sell to Binance. In Binance you can exchange that coin to Tether again or maybe directly to USD. Or maybe send to your local exchanges which allow you to withdraw to your bank account.

[martina14]

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.

In the first place this depend in what country you belong, by the way if your gonna trade using Tether as far as I know their fee was too
expensive in my own opinion dude. But still of course the final choice is still yours. Have you try Bitforex? you can check this platform anyway
this might give you a little bit help, good luck.

[Ryker1]

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, if you want to transfer into the other exchange your fund, choose a coin that has a low fee, it could be XRP or LTC that has a lower fee upon transferring to the Bittrex exchange. There is no need to switch USD, you can transfer your coins there without any problem. I don't see any low fees in UST transferring, it could be annoying if the transaction will take time before it will confirm. However, this is a case-to-case basis, because there are some exchanges did not support all altcoins you need.