Bitcoin on cold wallet, send it to CEX or try to sale through DEX and how?

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Bitcoin on cold wallet, send it to CEX or try to sale through DEX and how?

Hello,

I’m looking for an advice (not through DM). A while ago, I was smart and got myself a cold wallet, mot very popular (SafePal), but it does the job, it also does offer SWAP option, but for Bitcoin it only offer CEX, through the Binance and some other exchange Changelly (horrible rates). I really don’t want to use this options, as people complained in the past, that transaction is pending for quite a while and often goes through, after BTC dips, and of course transaction is on the lower value. It probably is possible to fight for a fair price, but I don’t need more stress.

I tried to ask for help few times, but obviously, got sarcy comments about how little I know etc. well yeah, I’m not an expert, but that’s the reason Reddit exists, or am I horribly wrong and Reddit is only to talk crap and bully people?

Can anyone explain, how is that, I don’t get BTC swap option on DEX? -Is it because my cold wallet is poor? -Is it possible to SWAP Bitcoin, only when it’s wrapped? I guess I would have to bridge or swap my BTC into WBTC, depending what network do I have to use, and just then SWAP WBTC for USDT or something stable…? I hold other coins, which give me a decent DEX option to SWAP, only problem is Bitcoin, strange, it meant too be main crypto coin, but it looks very limited…

I really would prefer, to try some quick safe option on DEX, before sending my BTC to crypto.com exchange and just selling it there.

What your thoughts?

Luwis K Answered question November 25, 2024
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