Do you transfer your crypto income to your bank account?
- Thread starter timewo
- Start date
I use Binance and it have been so excellent. I never have any complain. I use peer to peer to deposit money to my bank . Nigeria government banned crypto since last 2 years, thereby making it difficult to deposit or withdraw money straight to your bank. Many who have tried have lost their account or account blocked from further use.
I do not have a bank but I do use a payment processor in order to receive my money. I use payeer and it is perfect for me. It is one of the best payment systems in the world. I transfer my cryptocurrency into my Payeer account.
I don't have a crypto wallet. Don't know anything about crypto. I just use an online exchanger to receive my naira.
I ensure to withdraw my profit in cryptocurrency trading immediately into my bank account.
Exactly, it all depends on your needs, also if you think that the money you have in bitcoin is in the form of long-term investment, why you were going to sell it? everything depends maybe they are profits obtained from an online site and you need it in dollars, maybe then you should liquidate it and send it to your account.
What to use the cryptocurrency for depends on individual preferences and what they needed at that moment in time.
Honestly speaking I have never had any bitcoin to cash exchange transactions before neither had I associated myself in the buying and selling of bitcoins nor the crypto currency trading nor investment at any point in my online journey.
I always use my cryptocurrency income to sort one or two of my needs. So immediately I get paid I transfer it to Fiat currency and send it to my bank account.
Yes, cryptos are really faster in transactions than fiat money so you can use them quickly to convert them to fiat and send them to your bank account without problems
