Exchange, trade, withdraw and earn!

Once we have an account on the exchange, it is worth considering how we can use these funds. For example, you should know how to withdraw money from your account.

First of all, we need to think about what possibilities do we have? Is the cryptocurrency we have is paired on the exchange with the FIAT currency we would like to withdraw? What are the methods of this withdrawal and how much will it cost?

For such situations, CoinDeal has created a guide for its users explaining all the steps to take using their own CDL Token. It is very simple and quite quick to replace, even though it has quite a lot of elements. First of all, the CDL needs to be replaced with a Bitcoin, so that it can be exchanged for one of the FIATs.

An exchange for FIAT has to be made with many currencies that have not yet reached such a value or popularity to be paired with something more than BTC or Ethereum. That is why we first need to exchange our tiny token, which we have from airdrop or giveaway, for example, for Bitcoin.

It is not difficult, although it may seem so. We must remember that many exchanges operate in a very transparent way. In case of problems, each large exchange has its own private LiveChat.

You need to start, of course, by entering the market and choosing a sales option. Then you fill in all the fields, enter the quantity and price you want to sell for. Usually, this is where you have three options and this is a popular procedure on many exchanges:

• you can enter the price manually (i.e. you determine what kind of offer you want to give)
• choose one of the prices available on the market (which can make it possible to exchange a token for BTC faster)
• choose the possibility of selling at the last price realized on the exchange.

To lose as little as possible you have to catch a moment with a good price and preferably choose option number two. However, if you are counting on big increases in the future, you can, of course, set the price yourself. But then the process will be much longer. It is up to you what you choose.

You also have to remember that the price you give is the price for one token, so you have to give the number you would like to sell. At the very end, click “sell” and wait. When someone decides on your offer, Bitcoins will appear in your account. Then you have to repeat the whole process, but instead of exchanging your Tokens for a cryptocurrency, you should exchange them for a FIAT e.g. in a BTC/EUR pair.

Remember to always check the fees for the transaction. The exchanges must, somehow, make some money.

Once you create a wallet with Euro currency (or any other fiduciary currency you choose), you must choose a method for withdrawing these funds. The easiest and fastest method is always a direct transfer to your bank account. Unfortunately, not all exchanges offer it. So you need to be familiar with methods such as Skrill and E-pay. But don’t worry, these are really simple things, and most platforms explain how to use these options.

Nevertheless, sometimes the exchanges seem terribly complicated, the moment someone tells us about them and explains how it works, it all starts to be much simpler. Maybe soon we won’t have to exchange crypto for FIATs to pay for them.
After all, Bitcoin is already accepted even on the Amazon.