Attention: Cryptocurrency Newbies
By Pinay Ako
@AkoPinay (11542)
Philippines
November 6, 2021 7:30pm CST
The best way to exchange crypto to fiat is thru your LOCAL Crypto Exchange platforms approved by your "central bank" and "security exchange commission". That means you are transacting LEGALLY. And also to avoid being scammed.
If you go for exchanging via PayPal, higher percentage of your money will go to fees, you get less from your earnings.
read/noise.cash and other earning sites members can also use Jaxx wallet on mobile or any trusted wallets to save small amounts of Crypto for exchanging to fiat later. Just don't lose your 12-word seeds.
Compare Jaxx vs MyCelium: with our Crypto Wallet Comparison Tool. Check Jaxx vs MyCelium comparison charts & choose the best.
11 people like this
10 responses
@louievill (28851)
• Philippines
7 Nov 21
I use Binance, the other night me and my son exchanged over a thousand dollars from 2 Axie infinity play to earn accounts, the price of SLP (smooth love potion) or the native token of Axie that we earn from playing went up from 3.2 dollars to over 6 dollars because of the introduction of Ronin Dex ( decentralized exchange) where SLP could automatically be exchanged to USDC inside the wallet itself. We sent our USDC to our Binance accounts and sold it P2P ( peer to peer) via gcash for Philippine pesos. I believe everything is legal since both our Binance and Gcash accounts have undergone verifications in accordance with the anti-money laundering act.
2 people like this
@louievill (28851)
• Philippines
7 Nov 21
@AkoPinay yup, and they should also familiarize and prepare their stomachs from the ever changing price of crypto due to volatility, it's like a roller coaster ride. Miner's fees, gas fees from POW or proof of work coins like BTC and BCH could also turn off potential newbies thereby losing the chance of benefitting from this fabulous new technology
2 people like this
@owstalaga (4707)
• Philippines
12 Aug 22
Yeah, which is why I don't use coins ph anymore. lol.
1 person likes this
@FayeHazel (40243)
• United States
29 Dec 21
Ah I don't know a lot about it - crypto but I know some have become quite wealthy with it
1 person likes this