Crypto to FIAT
Crypto to FIAT
Hello, I would like to ask how you convert your crypto to fiat? On the Bybit exchange, what is the best way to sell crypto and get fiat?
Is it better to get a Bybit card or just withdraw?
I also wanted to ask what is the best way to buy on Bybit? Deposit fiat or buy USDT somewhere and then transfer it? What is your experience?
Gihan Wijethunga Answered question
I think you might be confused about what fiat is. When you sell a crypto coin such as XRP let’s say for BTC/ETH/USDT. You hold that currency in your wallet. If you want to withdraw from your wallet and don’t want to reinvest in other coins you should go for USDT and then convert to your local currency for withdrawal. I’ve never used Bybit but that’s how it works in general.
Gihan Wijethunga Answered question