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RE: CryptFolio - Here's How To Protect Your Portfolio In These Downward Trends Markets...
I have not, as of yet, cashed out. My girlfriend is screaming at me but I have a long on Golem that I am waiting to close before I do cash out. I spoke the bank and there is no charge on their end, it is down to Coinbase.
That's good to hear then - don't want your profits to be tied up with paying fees! When you cash out on golem I assume you then transfer the proceeds (fiat/BTC/ETH/LTC?) to Coinbase and then withdraw via SEPA? Sorry for the questions! Trying to understand the end to end process :)
No worries, you only learn by asking! Yeah, I'm likely to do it via ETH as it is, or at least was last time I did this, a faster cheaper network. Once it's in Coinbase I have to sell it for Euro to then be able to get £s into my English account. It's a very long-winded process!
Why sell for Euro if you want £ in your English account? :) That's smart using ETH for lower trans fees I know BTC looks quite expensive (and is slow). LTC looks like it has low trans fees - I need to compare this to ETH
Coinbase won't let you withdraw £s unfortunately
I see! Looks like I'll be selling in euros too then :) do you get charged a GBP conversion fee if transferring euros into a GBP account?
Yes I believe so. As far as I'm aware it's done by your bank though, so it may be a little friendlier than if Coinbase did it!