When it comes to selling , is it best to convert or sell for cheaper fees?

[JamesDaniel90]

A few of my altcoins are pumping and I want to take some profits to put into others that have not pumped yet but wondering what is the best way of doing this on Coinbase?

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

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Dealing with altcoins is risky because they are highly volatile. You can see the profit and use it to buy the other altcoins if you have no money to spare for it.

I will prefer bitcoin for its less volatile nature.

[Cantsay]

A few of my altcoins are pumping and I want to take some profits to put into others that have not pumped yet but wondering what is the best way of doing this on Coinbase?

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

If you go with the former you won’t have to pay double fee, in the latter you’re performing double action so there’s a possibility of you being charged extra unlike when you just go straight and convert into the token of your choice.  So I’d suggest you just go with the direct conversion rather than to sell before buying again [seems like an unnecessary stress to me].

Ps. I believe this thread should be better fit in the altcoin discussion board; there you’ll get more responses from users that have done what you’re trying to do.

[JamesDaniel90]

Dealing with altcoins is risky because they are highly volatile. You can see the profit and use it to buy the other altcoins if you have no money to spare for it.

I will prefer bitcoin for its less volatile nature.

Yes but I am using this bull run to make good money and I can only do that with altcoins, Bitcoin will not change my life in this coming bull run with the amount of money I invested.

I plan to make money with altcoins this bull run and then buy Bitcoin in the next bear market.

I understand Bitcoin is a lot safer, but I want to take a risk this coming bull run and then be safer in the next bull run once I have more capital.

A few of my altcoins are pumping and I want to take some profits to put into others that have not pumped yet but wondering what is the best way of doing this on Coinbase?

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

If you go with the former you won’t have to pay double fee, in the latter you’re performing double action so there’s a possibility of you being charged extra unlike when you just go straight and convert into the token of your choice.  So I’d suggest you just go with the direct conversion rather than to sell before buying again [seems like an unnecessary stress to me].

Ps. I believe this thread should be better fit in the altcoin discussion board; there you’ll get more responses from users that have done what you’re trying to do.

I have just used Advanced trade on Coinbase so the fees are minimal compared to using the normal version.

I sold one altcoin and then bought another and the fee was only $1.40 for doing so which is not much - hopefully that is the only fees to it and there are no hidden fees I have missed.

Also, I am happy for this to be moved to Altcoin discussion board.

[tajimas]

You are very lucky to have your investment pumping, that's a good one, but the question here is ,
What kind of investor are you, are you a day trader or a long term investor. It's best to sell it off and look for another altcoin to purchase if you are a daily trader.  Then for long term, it's good to keep and hodl for long term but not on Coinbase, it's best to keep your long term assets on a decentralized wallet.

[MAAManda]

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

I'm not a Coinbase user, but from what I saw in a Reddit post published 2 years ago, there are hidden fees for converting from 1 altcoin to another and many people suggest that it's better to do double transactions to get the altcoin you want. Don't know whether the Reddit post is still relevant or not at this time, what is certain is that if there are still hidden fees there, it would be better for you to carry out double transactions with transparent fees.

[Stable090]

A few of my altcoins are pumping and I want to take some profits to put into others that have not pumped yet but wondering what is the best way of doing this on Coinbase?

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

Since your altcoin investment has pumped already, I don’t know if you are holding any bitcoin yet. If you are not holding, why don’t you sell some of your altcoin that has pumped and invest in bitcoin? Don’t you think it’s better like that? Don’t be surprised that your altcoin that just pumped might still end up dumping to zero. Never trust altcoin, they can surprise you at any moment.
 
I am not always in support of altcoin investment, but if you are interested in investing in altcoin, why don’t you leave just a little amount in altcoin? A higher percentage of your investment should be in bitcoin, because bitcoin investment is the only investment in which I have confidence. Even if bitcoin dumps, if you can hold it, then bitcoin is going to bounce back.

[JamesDaniel90]

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

I'm not a Coinbase user, but from what I saw in a Reddit post published 2 years ago, there are hidden fees for converting from 1 altcoin to another and many people suggest that it's better to do double transactions to get the altcoin you want. Don't know whether the Reddit post is still relevant or not at this time, what is certain is that if there are still hidden fees there, it would be better for you to carry out double transactions with transparent fees.

Yes, I directly converted a few of my altcoins last week and there was definitely hidden fees.

Coinbase showed the fee as £2.99 but once I worked it out it was over £5.00, very shady!

I think I will stick with Advanced trade where I can - I am from UK but as GBP pairs are limited I just sold to USDC and bought my new coin with USDC and the total fee for that to be exact was $1.32 so a lot less than converting directly.

[SquirrelJulietGarden]

I think I will stick with Advanced trade where I can - I am from UK but as GBP pairs are limited I just sold to USDC and bought my new coin with USDC and the total fee for that to be exact was $1.32 so a lot less than converting directly.

If you see fee on Coinbase is expensive, you can find other ways.

You shared that you even have to make two rounds of trading that will cost you more trading fees.

If I was you, I will withdraw my coins from Coinbase to Metamask, Safepal wallets and use it to trade with Decentralized exchanges. I believe it will save a lot of trading fees compare to using Coinbase.

You can see there https://www.cryptowisser.com/exchanges/ that Coinbase has very expensive trading fee.

[KingsDen]

Dealing with altcoins is risky because they are highly volatile. You can see the profit and use it to buy the other altcoins if you have no money to spare for it.

I will prefer bitcoin for its less volatile nature.

This is a very good advice but on this contest I can say that it is an off topic reply and a complete distraction to OP. The Op didn't ask if it is good to buy altcoins or bitcoin, the op didn't also ask that you advise him on volatility. Infact, he stated that he had already gotten profits in some coins that have pumped, which means he is already bullish and wanting to convert to other altcoins that are yet to pump shows that he has a working strategy. All he needed was an advice on whether to sell and buy or to convert/swap.

A few of my altcoins are pumping and I want to take some profits to put into others that have not pumped yet but wondering what is the best way of doing this on Coinbase?

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

OP, I do not note of how much it costs to buy and sell or to convert but I know that converting is less stressful and somewhat straightforward, so I use it often. I also believe it's what the majority of the people use and it will not be bad if you also do same just for convince purposes.

[DVlog]

There won't be much difference i guess. Either way, you will get the same amount but in the convert option you will have a very basic and simple interface that is convenient for many users. Also sometimes exchanges charge extra fees and sometimes they lift any kind of fees to motivate users to use convert option. Only one click can remove all of your hussle with the market limit order. Convert features is more like a market order type to me where you just click buy and it will buy at the market price.

[tabas]

A few of my altcoins are pumping and I want to take some profits to put into others that have not pumped yet but wondering what is the best way of doing this on Coinbase?

You said that you want to take profits, so do it and you might just convert it with a stable coin first before deciding again on which coin you want to reinvest that.

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

Either will work depending on how you did your research. Just as I've said, my strategy will be putting that first into a stable coin and will wait for that time before buying the next altcoin. Still, any of the two will work but the result will vary on which altcoin you're going to buy next. Why buy altcoin first when you can distribute your profit first with Bitcoin?

[Myleschetty]

A few of my altcoins are pumping and I want to take some profits to put into others that have not pumped yet

What investment strategy is that? Why would you take profit from s crypto that's doing well and invest it in crypto that's doing well which does not perform well since there's no green now?

but wondering what is the best way of doing this on Coinbase?

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

If CoinBase still has the features that let you swap one crypto on their platform to another I believe that will be the best option to use. It will save you time and transactions.

[jrrsparkles]

A few of my altcoins are pumping and I want to take some profits to put into others that have not pumped yet but wondering what is the best way of doing this on Coinbase?

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

The cheapest possible way is, if the coin you wanted to invest is available on coinbase or whatever exchange that you are using then simply buy them with the altcoin that you want to sell and if there is any remaining altcoins then cash it out as profits. Selling and then buying will simply double the trading fee which is unnecessary as long as your only intention is to buy/invest in that altcoin.

[MAAManda]

I'm not a Coinbase user, but from what I saw in a Reddit post published 2 years ago, there are hidden fees for converting from 1 altcoin to another and many people suggest that it's better to do double transactions to get the altcoin you want. Don't know whether the Reddit post is still relevant or not at this time, what is certain is that if there are still hidden fees there, it would be better for you to carry out double transactions with transparent fees.

Yes, I directly converted a few of my altcoins last week and there was definitely hidden fees.

Coinbase showed the fee as £2.99 but once I worked it out it was over £5.00, very shady!

I think I will stick with Advanced trade where I can - I am from UK but as GBP pairs are limited I just sold to USDC and bought my new coin with USDC and the total fee for that to be exact was $1.32 so a lot less than converting directly.

That's what I saw in that Reddit post, instead of getting transparent fees, people felt fooled by the hidden fees. It's quite surprising in your case, because it's more than 50% depreciation if you trade directly. Ok mate, now you have the answer, my advice, to avoid spam replies, it's a good idea to lock your topic now . Because the longer you leave this topic open, the more irrelevant replies there will be.

[GeorgeJohn]

A few of my altcoins are pumping and I want to take some profits to put into others that have not pumped yet but wondering what is the best way of doing this on Coinbase?

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

I think the best is to convert from altcoins that you want to sell to bitcoin and swamp the bitcoin to the new altcoins you want, I think that will be the shortest way, or you convert the altcoins to usdt and purchase the altcoins with usdt I think that is another easiest way you can purchase altcoins instead of selling your coins first and after selling your coins and you went ahead to purchase another coin.

Sometimes it's good to examine the coin you want to purchase and ensure that you are at advantages before you sell out your coins and secondly to cross check properly if their is another possiblity or tendency that an altcoins you purchase can rise to another dimension, sometimes people do lose their profits because of curiosity of having or making profits at given point in time.

[Dunamisx]

A few of my altcoins are pumping and I want to take some profits to put into others that have not pumped yet but wondering what is the best way of doing this on Coinbase?

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

You have to make decisions base on what you want, but I can tell that most traders first convert their altcoins to USDT  to know the exact and accurate worth they value before selling or exchanging further to other cryptocurrencies, doing this will give you the exact accuracy for the amount of the value it worth, same also you can do when buying, make use of USDT in doing so.

[batang_bitcoin]

Suppose your main concern is for cheaper fees. Then you go ahead and choose that altcoin you know and do that trade for cheaper fees. You'll never know unless you do the actual thing. Both convert and selling will exchange what you want to trade so there's still the commission that the exchange will get from that trade. Check the exchange's fee on how much they are because they're not that much unless you do it on a decentralized exchange and you increase slippage.

[btc78]

We all know that altcoins are extremely volatile and that time is an essence when it comes to dealing with these altcoins the price of an altcoin can drastically change in a minute if you convert one altcoin directly to another, then you are putting all your money including your profit back into the market but to a different altcoin some investors might not like this because they would want to take some of the profits and convert it into fiat but since that is not your goal why don’t you just directly convert it is straight to the point and is just one transaction instead of two

[Zaguru12]

A few of my altcoins are pumping and I want to take some profits to put into others that have not pumped yet but wondering what is the best way of doing this on Coinbase?

Is it best to convert from one altcoin to the other or is it best to sell the altcoin then buy the new altcoin I want to invest more in?

If the two coins in question are both on same exchange then you have no problem at all just look for a pair of that those coins and convert but since there is hardly pairs of this coins sometimes with each other then it will be best you just convert the coin in profit to USDT and then buy the new coin with a USDT. It is pretty simple, if it is on another exchange then simply send the usdt through tron chain to the other exchange and convert. Also if it is all this tokens like under some network like Ethereum and Solana that uses decentralized exchanges then you can simply just covert the token to the parent chain coin and then back to the other token. But be careful with decentralized swaps make sure you’re using contract address and not just name of the token.

Also just a piece of advice if it is a token that you want to buy more maybe and ICO I will advice against it rather limit your risk by going for solid cap Altcoins rather than this token because some might never raise again because they were just pump and dump coins and they have served there purpose already