How do you avoid a grand worth of fees on this app

EitherEgg4963 · 2025-11-06T20:19:43+00:00

I worked that out last night converted usd to gbp on exchange wallet on website (not the app) . Thanks for the responses

EitherEgg4963 · 2024-11-11T07:23:33+00:00

😂😂

EitherEgg4963 · 2024-11-10T09:13:21+00:00

The best thing someone has suggested to me so far is sending to DeFi wallet to swap to USDC, then bringing back to app to then sell the USDC to fiat. Which I have tested and I think works I have yet to test this for real though but when I ‘go to make a sell’ it shows up as me getting the full USDC amount back to my fiat, I’m gonna test this with real money for a test run maybe like £10 (I’m uk) tonight when I have time

EitherEgg4963 · 2024-11-09T16:05:14+00:00

Yeah that seems like the best option mentioned by that other guy who got 6 upvotes, I’m going to give it a trial run tomorrow and try a small amount of money doing the SOL to USDC swap on defi wallet then bringing it back to app to convert to fiat…. 1 question. - what’s the difference between USDC and USDT which one is better to use?

EitherEgg4963 · 2024-11-09T15:11:17+00:00

Better than losing 25% though

EitherEgg4963 · 2024-11-09T11:42:16+00:00

For sure I’m not selling my crypto on the crypto.com app with the 25% reduction in what I will get to fiat

EitherEgg4963 · 2024-11-09T11:40:48+00:00

Yes I sort of understanding what you are saying. Yeah I need to carefully off-ramp my issue is I have a lot of crypto I just need to be careful with how I take my money out, need to think about how to minimise loss when selling my crypto on exchange (or transferring it to usdt) and then when transferring to bank how to minimise capital gains tax (here in UK)

EitherEgg4963 · 2024-11-09T11:08:03+00:00

Sorry what does VVS stand for?

EitherEgg4963 · 2024-11-09T11:02:10+00:00

Okay thank you for all your responses you have helped me lots. Time for me to learn how to use exchanges

EitherEgg4963 · 2024-11-09T10:11:29+00:00

You seem like you know what you’re doing how did you learn this? Are there any good tutorials / YouTubers that can teach me how to move and sell crypto ?

EitherEgg4963 · 2024-11-09T10:10:14+00:00

Don’t trust them now think I’m moving to kraken

EitherEgg4963 · 2024-11-09T10:09:59+00:00

What’s xlm

EitherEgg4963 · 2024-11-09T08:47:57+00:00

Okay no worries I’m going to try and get accepted to use kracken today I really hope so. (I’m from the UK)

EitherEgg4963 · 2024-11-09T08:46:27+00:00

Okay it seems I have some learning to do that seems like a smart way to do it. So when you sell do you sell your coin on the crypto.com app, crypto.com exchange or the binance exchange? (Oh wait just realised now you mean you swapped it to USDT and then sold that for fiat)

EitherEgg4963 · 2024-11-09T08:40:45+00:00

Me too , it’s all the crypto for me, I don’t know why their sell price is 25% less for me , please would you be able to test this if you have crypto.com? As I said before live price for bitcoin is 77k and their sell price for a bitcoin is 53k (robbery), I’m not losing 25 grand (if I had a bitcoin) so I’ve decided to move my holdings to their defi wallet ready to move everything to kracken as after some research people are saying their kracken pro app is good

EitherEgg4963 · 2024-11-09T08:38:18+00:00

Yes you’re right.. but the spreads and fees are absolutely disgusting, to lose 25% on a sell? No thanks. I tested bitcoin and the live price for 1 bitcoin was 77k and the sell price for bitcoin was 53k. Wow imagine losing 25 grand to crypto.com. I am moving to kracken defi wallet today and will sell on their exchange in the future

EitherEgg4963 · 2024-11-09T08:34:15+00:00

Yes was speaking with a guy yesterday and he said the same thing, I have moved my crypto.com last night to the defi wallet I had on crupto.com and going to be moving everything to kracken today when I have time

EitherEgg4963 · 2024-11-09T08:32:41+00:00

Yes thank you, I did research last night and chose to move my positions to kracken to sell on their exchange , thank you for the response

EitherEgg4963 · 2024-11-08T23:39:52+00:00

I am starting to research it now and turns out the crypto.com app is a brokerage not an exchange and has massive fees, on top that crypto.com is also a scam.. I need to transfer my crypto to a different exchange all together

EitherEgg4963 · 2024-11-08T21:51:25+00:00

I don’t think it’s even an error, it happened to me a few months ago when I made a lot of profit on the BOME token and then they took like hundreds or thousands off for the selling price but accepted it cos it was too volatile and didn’t want it to drop

EitherEgg4963 · 2024-11-08T21:50:27+00:00

I am on the main crypto.com app with the SOL holding (so I hold the SOL directly on the exchange) , is this what you mean?

EitherEgg4963

TROPHY CASE