Cheapest way to convert BTC to USD?

Updated on January 22, 2020 in Electrum
10 on January 22, 2020

I’m trying to setup a few gigs and start accepting payments soon. What’s the cheapest way to convert BTC to USD? I’m okay with KYC/AML verification.

 
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0 on January 22, 2020

May be some person with good rating on localbitcoin. I trade yesterday 0.01545452BTC for 150$.

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0 on January 22, 2020

There are a lot of exchangers, you can use like Coinbase or so ? Or you need cash?

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1 on January 22, 2020

Coinbase is cheap if you use Coinbase Pro to make the trade as the fees are much lower there. Then you can withdraw via bank transfer. Don’t use the main Coinbase website as the fees are higher there.

on January 22, 2020

Can’t believe I didn’t know about buying it on Coinbase pro for a fraction of the fee.

Great advice :)

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0 on January 22, 2020

the most profitable way will always be an offline exchange, you can always agree. It depends on what goals.

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0 on January 22, 2020

you can go with paxful or localbitcoins or coinbase. Depends on your resident country & its rules

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0 on January 22, 2020

I like using kraken for stuff like that, they have the lowest amount of fees for withdrawals. But you will have to verify your account.

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0 on January 22, 2020

I think when it comes to BTC to USD conversion – Coinbase & BitPay are the best.

But people are saying Cryptonator is the best also but I never used it for BTC/USD conversion so I can’t comment on that.

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0 on January 22, 2020

If you are okay with KYC then go with a solid broker such as coinbase or blockchain.com

But I would advise you to get into the habit of using your own software wallet or even a hardware wallet and only use the brokers to cash out as you deposit, especially when dealing with large sums you run the possibility of your account getting locked for whatever reason. It has happened before.

If you are just doing small transactions here and there then you are ok.

Coinbase is generally good, but look closely at fees. Some charge really high fees!

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0 on January 22, 2020

check some good rates on remitano and localbitcoins

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