InvestorsHub Logo
Followers 38
Posts 2615
Boards Moderated 0
Alias Born 11/21/2015

Re: Paulie Cashews post# 9964

Sunday, 11/07/2021 7:32:34 PM

Sunday, November 07, 2021 7:32:34 PM

Post# of 12291
Good questions. First off you cant sell them here on IHUB so you have them to an exchange to sell. I am familiar with SouthXchange and it is very easy.

Once the coins get there (which is the big problem with IHUB as the people in charge get busy have other projects and do not get to the manual move once you use the wallet there). But the coins need to be on the exchange and as of now that takes time.

Once there then you can see what you can sell them for in terms of BTC price the commission/fee to sell Plus 1 for BTC is low , I think less than 1/2 of 1 percent. The current fee schedule shows .24% (so about 1/4 of 1 percent).

When you move BTC from SouthX to say Cashapp you will pay somewhere between 9 and 50 bucks on that large amount out to Cashapp (BTC fees sometimes vary). And then Cash app will charge about 3% to sell and deposit. Next time I do this process ill get exact numbers for you.

But on a 10,000 sales price, I think total fees between commission ,withdrawal fee to move to cashapp and cashapp to bank account (I use instant transfer and its there in a second thats a percent or so more)
would be less than $200, maybe even less than $100

There are times when Bitcoin gets crazy busy and fees to move coin go up that is why it is not standard across the board etc.

Also note, Plus1 seems to move up in price because I am assuming advertiser money buys coins and pushes price up. These long delays in getting access to coins earned here mean that price will be met with supply when our coins finally arrive there

The best moves would be to get familiar with cashapp and SouthX before a price move because things happen fast in crypto. I cant see 1.00 anytime soon but weirder things have happened but 10 cents maybe (old recent high) is doable.

Right now I transfer out and change to another crypto which I am dollar cost averaging and adding different small amounts of free money earned to.

Everything I post is my own opinion and people should always do their own research and due diligence on any company they are looking at