How To Withdraw Money From Exodus Wallet

How to cash out?

I'm still fairly new to crypto. I use Exodus for my wallet and love it, also have accounts with Coinbase and Binance. Have transfered back and forth a couple times just to learn the mechanics. Just wondering if this is the main/only way to cash out anything from my wallet? Transfer from Exodus to Coinbase and then to my bank account. Or is there other more recommended ways?

level 1

Send coins to exchange > sell coins for your desired currency (I.e. BTC/GBP) then withdraw Fiat to bank

level 1

Do not worry, Exodus certified support guides will slide into your DM very soon.😂😂

level 2

Yep, nailed that one lol. New block list guest

level 1

yes that's the only way. Exodus is just the wallet to store your coins. To convert to fiat currency you need an exchange platform.

level 1

· 8m

Hi u/K4ot1K -

Yes - You'll need to send whatever crypto you want to cash out to an exchange platform (like Coinbase or Binance) that is linked to your bank account. Exchange them there for your local currency and then send that to your bank account.

level 1

Thanx everyone for the answers and ideas. I appreciate it.

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Coinbase is your BTC--your bank account (fiat money) bridge. If you start doing it more often and feel more comfortable moving BTC around, CashApp is another option for that fiat-BTC exchange. CashApp's fees are lower than CoinBase and they are owned by Square (reputable co.).

Really depends on your needs. If you're cashing out $50-$100 every week or so, it may be worth looking at CashApp. If you're cashing out $10,000 in one shot, stick with CoinBase.

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Exchange for Dai and reap that sweet 2%, more than any savings account.

level 2

I love DAI just hate that is on Ethereum platform. Has too high. I use ALGORAND hopefully they will have a stable coin soon. fast and practically free transactions

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level 1

Transfer from Exodus to Coinbase and then to my bank account. Or is there other more recommended ways?

Unfortunately yes , at this point in time we all need to use the Exchange/Trading Platforms to reverse back into fiat just how we need to use them to buy crypto from fiat.

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You can withdraw bitcoin to fiat from certain types of bitcoin ATM's but I don't think all of them work both ways. Most are only fiat to bitcoin, I can't remember which ones offer bitcoin to fiat

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Downside is that Coinbase doesn't accept RVN. and exchanging anything in Exodus sometimes requires more than what I have in a particular coin. But great comments and conversation. I learn a lot for these. Just looking at every possibility of how to do things. I have been using Coinbase for a while, and have bought and sold on their many times. But the wallet is a new thing to me. I got it when I started mining about a month ago.

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Coinbase, CDC, Wirex are all options

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The hope one day there will be no need to cash out. 5-10 years my hope is most places will accept a form of crypto.

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Hi can someone help me with my spoon exodus? It's not letting me exchange btt with tron it asking to deposit 0.1 to tron and when I goin to tron info I says bandwidth 5000 energy 0 it seem to be frozen or something I can't exchange with any coins my money is in BitTorrent

level 1

For example BTC has a great price for which you wanna cash out your bitcoins. Do you transfer btc to Coinbase or Kraken and sell it there, or do you exchange BTC to a stable coin directly in the exodus wallet (to save the good price) and transfer them to Coinbase afterwards? What is best practice?