Selling or swapping?
Selling or swapping?
Hi,
Let’s say one of my coins on Trezor does a 10x—right now I have $2,000 there, so it would become $20,000. What’s the best way to manage a large amount like this?
I’m not sure what the next steps would be. Should I sell directly from Trezor? Should I swap it to a stablecoin using Trezor? I know that in my country, selling crypto before holding it for a year triggers taxes, so ideally I’d want to avoid that. Would swapping to a stablecoin and holding it count as selling?
Or is it better to send the funds to an exchange like Binance and then sell or swap there?
I’d appreciate any tips. I just want to avoid costly mistakes and minimize fees where possible. Thanks!
Personally, most of my coins don’t leave my wallet. I would most likely change a relatively large amount directly from the wallet address. I would most likely execute a TWAP order to minimize price impact
