Time to take some profits from FTM ecosystem and put them back into fiat. Just did a test run with $100 and used the following route: SpookySwap>USDC>BNB>Bridge to BSC>Send to Binance>”Sell Crypto”>ACH to my fiat bank account. All in all, $6 or 6% in total fees.
Looking to make that 6% number smaller and explore other options that might be more under the radar. There is a BTC ATM in my neighborhood but looks like withdrawal fees are insane.
What’s your strategy for moving profits back into fiat world?
Looking to do this in batches of $500 so as not to trigger any red flags for the tax man down the road. Also not a fan of emails from Binance saying “Congrats on your recent selling of crypto!”
Thanks for reading, have a lovely day and WAGMI!