Stagione 1Episodio 82:22

I sold. Why isn't the money in my bank?

In questa lezione Tell apart selling an asset, getting a stablecoin or fiat balance, and an actual bank withdrawal.

Il tuo prossimo passo

Commissioni, ordini minimi e modalità di prelievo cambiano da un exchange all'altro. Confrontali fianco a fianco prima di scegliere.

Punti chiave

  1. Selling for USDT gives you a USDT balance, not money in your bank.

  2. Selling and withdrawing to your bank are two separate steps.

  3. A higher price is not your net gain: subtract every fee first.

Verifica rapida

You sold your bitcoin for USDT. Where is the money now?

Prova tu

Complete a practice sell, then mark on the money-flow diagram which step is the bank withdrawal.

Mostra la risposta

Selling to USDT is not a bank withdrawal. Net trading result in this example: 9.79.

Trascrizione

  1. Sam

    I definitely sold. So why hasn't my bank got the money?

  2. Nexubo

    Check which pair you sold into. If you sold for USDT, you got a USDT balance, not money in the bank. Selling and withdrawing to your bank are two separate steps.

  3. Narratore

    Same teaching example. You sell 0.002 bitcoin at 55,000. That's 110. Take off an assumed fee of 0.11, and 109.89 lands in your account.

  4. Sam

    So I made ten?

  5. Nexubo

    Take off the costs. Here it's 9.79, before any currency conversion or withdrawal fees. A price going up isn't the same as your final net gain.

  6. Narratore

    If you need the money back in your bank, first check that your region supports it. Then convert or withdraw through the official route to an account in your own name. Check the name, the amount received, the fees and the processing conditions.

  7. Sam

    No.

  8. Nexubo

    Keep your trade and withdrawal records. If you're not sure what kind of balance it is, don't decide based on one 'success' message.

  9. Narratore

    One cheaper network. One wrong click. Your coins may never arrive. Next: the checks you never guess.

  10. Narratore

    Understand first, then act.