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Anyone using Binance for trading crypto? How do you withdraw the money. I made some money by trading crypto on Binance. These coins are not directly supported on Coinbase, so Binance was the only option. But now I am facing difficulty to withdraw the profit. Binance currently does not allow direct withdrawal of USD to bank account and the only option I am aware is to convert the USD to stable coin, send the stable coin to CoinBase and reconvert to USD. I will lose double money on the fee for two platform and also worried that this might be seen as double income (I am not sure about this part though). Any crypto trading expert can help? Note: This is not a post in favor of crypto or against crypto. I am only focusing on making some money and also aware of all the risks. Just seeking help on the above. TC: 230
Coinbase doesnt charge for converting stables to usd. Use usdc. It’s not double income.
Binance is trash, next ftx lol
Lol you thought you could withdraw?
Transfer stable coins from binance to coinbase, pretty much the last trusted on/off ramp left in the US. I think coinbase pays good apy on USD also.
This is the price you pay for using binance op
Lost faith in Coinbase as well
Sure, but at least coinbase is not a Chinese company run by Chinese rats and government. Even Binance.US are mostly Chinese with its major office in China. This company is a fraud.
Isnt binance owned by the chinese government? no thanks, they can pull the plug like they always do
Any other good options? Coinbase does not support may coins. So had to use Binance. But happy to switch if there is some other reliable option
Crypto.com is more trustworthy than Binance imo