Replies to post #5618 on ~ The Saloon ~ Crypto & Stocks ~

[Mask]

The smartass answer is that we should learn and know that before we venture into the crypto jungle. Right?

The answer from your buddy at the Saloon Bar is It all depends on which platform you are trading\swapping. RH, Uphold, Coinbase...all fairly easy. Wallets...those get a little tricky.

BUT...there are plenty of videos to be found that will walk you through it.

Typically, selling and getting your cash is just a reverse of the purchase process.

[lakers17]

Is a big pain in the ass and why many people shy away from crypto, except buying the 100 or so coins on the main exchanges like Coinbase. On some exchanges like Bitmart have to sell into US Tether and then send it back to companies like Coinbase and turn it into dollars. On places like Metamask have to swap it back into ETH and BNB and send it back to places like Coinbase and Binance. Then change it into dollars. Just be prepared for lots of fees as well. Who can even keep record of them in crypto? Just easy for me not to flip and just hold. I may never see that 1000+X winner my selling point. I have sunk 80K into around 25 cryptos. At least it was all profit from penny stocks where I have way more invested.