Hi there Crypto fanatics,

you all tried to buy some bitcoins right?
some of you had some nice profits hoDLing them, and you are thinking when is the time to cash some money out.

I won't tell you when is the right time to do that, I'll talk about that in another post.

I'll tell you about the best way to cash out money, for European people at least.

So let's start!

Did you get your first Satoshis through Coinbase? Did you get 'em via Bitcoin ATMs?
How much of the money you wanted to buy went in fees?
Is it around 5%, right?

There are better solutions out there.

Go get registered on kraken.com right now.
Go get verified by them, to Tier 2,
which will take a couple of days after you submit all the documents.

Now!
The more exciting part.
Go get yourself a new bank account, through the N26 german bank.
They will provide immediate online account verification, through their app, through a video call with a validator.

Once you get verified, you get a bank account, where you can deposit and withdraw Fiat, and you can also get the awesome debt card, which is trasparent!

You pay no fees using it, you pay no fees having the bank account, and other cool stuff!

Now, why did we do all these things?

In order for us to have our money very fast on our bank account, and with veeery low fees.

Kraken charges around 0,26%, for converting crypto to fiat.
And the most important thing:
withdrawing from Kraken, to the N26 bank account takes less than 24 hours (not counting of course the weekend days). Usually, in my case, it's from 3 to 5 hours of waiting time.

All the best,
Nick