Quote:
Originally Posted by Hronmeer
With a lack of good e-wallet options at ACR and the paper check being the only option for withdrawals (which takes weeks, then requires for me to go the bank) it's time to consider crypto.
If I wanted to cashout anywhere from $500-2,000 or one day I won something bigger from like a tournament, what do I pick? Litecoin, Ethereum, Bitcoin, and through which provider, like coinbase?
My concern is also the volatility, but it seems all of these coins performing equally or similarly lately. So, it comes down to the fees as well as the stability of some of these crypto, and then using a provider with less fees that's also proven to be secure (stable), like with a good rep.
Fees: BCH is cheapest as in a penny, litecoin is around 25 cents, and brx is 6 pr 7 bucks.
If you're in US, you absolutely want to use an intermediary wallet and good idea for privacy anywhere.
You transfer from WPN to the wallet. When you want to sell, you transfer to an exchange. Coinbase, Kraken, Gemini, binance are all exchanges, among others. They're probably the most secure. Look up their fees to sell and transfer to you bank/fiat app wallet that best suits your needs.