Do you transfer your crypto income to your bank account?

[timewo]

Many members here are earning some money in crypto. Do hold the amount in your crypto wallet or transfer the amount to your bank account? If your transfer money, which exchange do you use?

 

[Magnus2022]

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.

 

[eldavis]

Majority of the times, after converting my earnings from cryptocurrency to cash i usually send them to my bank account for easy access to spend. While there are some i just leave as crypto as a from of investment.

 

[Stardom22]

Though not in the position to owning of crypto currency for now, I would rather prefer to hold my crypto currency in my wallet. I think this would serve as my investment as time elapses.

 

[Passiveearner]

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.

 

[Niyi Briggs]

I don't have a crypto wallet. Don't know anything about crypto. I just use an online exchanger to receive my naira.

 

[Shavkat]

I never tried this. I only transfer my dollars from PayPal to my bank account.

 

[Raja]

Is this possible,,? I don't know and this is why I go for PayPal or for exchange.

 

[iyanpol12]

I either save it on the wallet or trade it on exchanges.

 

[nomad]

Sending to bank is not available here, I use P2P to trade my cryptop assets for fiat currency sometimes.

 

[Shavkat]

I have not tried it yet. I usually transfer the cryptocurrency to my PayPal. Then, I will transfer to my bank account.

 

[uptrendfinancialsignal]

I ensure to withdraw my profit in cryptocurrency trading immediately into my bank account.

 

[riberet19]

Yes, only a part of it, for example when the market goes up sometimes I make certain sales and save that money to buy back later or I just leave it there

 

[gammarays]

I think it'll depend on what I want to do with the money. If I want to invest it, I'll leave the money in my wallet. If j want to spend it, I'll move it to my bank account.

 

[riberet19]

I think it'll depend on what I want to do with the money. If I want to invest it, I'll leave the money in my wallet. If j want to spend it, I'll move it to 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.

 

[uptrendfinancialsignal]

I think it'll depend on what I want to do with the money. If I want to invest it, I'll leave the money in my wallet. If j want to spend it, I'll move it to my bank account.

What to use the cryptocurrency for depends on individual preferences and what they needed at that moment in time.

 

[Stardom22]

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.

 

[Kennysplash]

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.

 

[riberet19]

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