I have been actively combing the forums, trying to figure out the most reliable way to cash out a bit of my Zcash for USD. I think I have figured out what I want to do, but I wanted to get some feedback from more experienced traders ahead of executing.
I should say upfront that I am most concerned with reliability, and much less preoccupied with fees (assuming they’re not exorbitant…).
Up to now, I have kept my ZEC in either a Linux based local wallet, or a Trezor hardware wallet (successful test transfer complete).
I am planning on sending ZEC to BITTREX for ZEC/BTC conversion, and then onto COINBASE. for conversion to fiat. COINBASE seems to have a good reputation, but exchanges used for ZEC/BTC seem much less reliable (lots of horror stories regarding Poloniex and Kraken, it seems).
Does this seem like a reasonably safe route? How can I make it better?
I myself deposit my mining into Poloniex, convert it to BTC, then send it to coinbase. I then take the BTC and deposit it into my bank account.
Having said that, Poloniex is down again (ZEC wallet) for yet another unknown reason, although it could be a legit upgrade this time. I’ve used bittrex and looked at a few more, but Poloniex for all its flaws is the nicest one (for me) as far as prices/fees/speed go.
Also, BTC transfer that start with Poloniex arrive at their destination with the speed of the wind even though their transfer fee/miner payment is low. My group of friends think they made a deal with the devil to accomplish this. Regardless of any deals with El Diablo, its nice to see your funds arrive quickly.
Has anyone ever used any of the debit cards? Load either ZCash directly (Uquid) or load your debit card with cash from a sale of ZEC? Seem really convenient since most transactions nowadays are via a credit/debit card any way, right? They even allow, in some cases, $1,000 daily ATM withdrawals. Or am I missing something about that type of service to cash out?