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Nzoner's Game Room>I have a dumbass question about Bitcoin
Megatron96 03:23 PM 09-19-2020
Pretend I don't know anything about cryptocurrency. How do you convert it to cash or USD for deposit into a bank acct? Are there fees or is there a conversion rate, all that type of stuff. Dummy it down for a 12 year old. And how much of a pain in the ass is the process?
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Megatron96 07:57 PM 09-19-2020
So of the popular available bitcoin platforms(?) which one would you guys recommend as the easiest to navigate for dumbasses like myself?
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Jewish Rabbi 07:59 PM 09-19-2020
Coinbase is probably the easiest. Be sure to report gains on your taxes if you use them tho.
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SuperBowl4 08:00 PM 09-19-2020
Check out Jeff Berwick at the dollar vigilante
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eDave 08:03 PM 09-19-2020
Coinbase is good for beginners but high fees.
Coinbase Pro is good for novice, lower fees than Coinbase.
Kraken is good for after that with lowest fees.

That's the progression I went through.
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loochy 08:22 PM 09-19-2020
Originally Posted by scho63:
Ok so what do you pay to buy in and out? It was close to $700 for a $10,000 trade. Like 7%
:-) wtf
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