Which exchange has the best liquidity when cashing out

[User46482]

This is a fairly preemptive post given current prices - but one question that has played on my mind is finding an exchange that I can confidently cash out from when a price is reached I'm happy to do sell at. 

In Australia there are good exchanges, but very limited in their liquidity (at least that's the impression I get). 

TLDR: Is there an exchange that doesn't restrict how much you withdraw in fiat and doesn't matter which part of the world you live in? Or are your hands tied to where you live?

[John_Buh]

Just now, MaxMad said:

This is a fairly preemptive post given current prices - but one question that has played on my mind is finding an exchange that I can confidently cash out from when a price is reached I'm happy to do sell at. 

In Australia there are good exchanges, but very limited in their liquidity (at least that's the impression I get). 

TLDR: Is there an exchange that doesn't restrict how much you withdraw in fiat and doesn't matter which part of the world you live in? Or are your hands tied to where you live?

Genesis deals with large transactions - they are very selective though.

[Picard]

bitstamp.net 

[CryptoGerrie]

@MaxMad , what I suggest or it least what I did is ensure you have multiple exchanges set up.  Especially on some bigger exchanges, you want to reach the highest Tier in order to cash out 6 figures (depending on your stack of course). The time it takes to reach a higher Tier can be very long. Especially now the waiting lines are shorter then before, so you keep your crypto in Cold wallets, just the setup in case you ever want to cash out.

 

[Busa_]

It’s a good question max, something I’ve been questioning too given exchanges in aus.  Increasing my tier further isn’t a reality now I’ve proabably bought all the xrp I can.  I’m on 3 exchanges that allow aud withdrawals but would like to increase this.  If xrp hits $30+ i’m Going to need more exchanges 

[marousi]

In europe, belgacoin.com

[Guest]

I still think Kraken is very good. They really have improved a lot. I have just gotten to Tier 4, quite easily, and they give you a lot of flexibility with that. Withdrawal limits are high already, but they do allow you to stretch those should you wish. You can basically customise the limits.

As @CryptoGerrie mentioned, best to upgrade to the highest possible Tier now. Once the squeeze comes, exchanges will be busy again.

[AlexSavvides]

I use Gatehub,  I can withdraw my fiat straight into my bank account within 24h

[Gepster]

When the time comes to cash out, the landscape will be completely different. There is a chance the exchange you are going to cash out, doesnt even exist yet. 

 

 

Edited April 4, 2018 by Gepster

[tulo]

Bitstamp allows "unlimited" withdrawal. And the liquidity is good, not too much slippage also if you sell a lot in a single batch.

[Guest]

Kraken

Bitstamp

Gatehub (in my experience slower to reach same price level as Kraken/Bitstamp when price is moving fast)

 

good experience with all 3

 

[TheXRPer]

Kraken and Gatehub are terrible choices. Their trade volume is lowwwwe.

[Zedy44]

BitStamp. Very safe and reliable. Excellent KYC policies and a CEO who posts public updates about the current state of his exchange when the rest of the exchanges are running around like chickens with their heads cut off.

[Guest]

3 hours ago, TheXRPer said:

Kraken and Gatehub are terrible choices. Their trade volume is lowwwwe.

That's not my experience. Have extracted XRP from all three for the same price. Only GH lagged a bit before reaching same price level when price increases fast. Also I like to spread the risk. 

[TheXRPer]

16 hours ago, Annevanzwol said:

That's not my experience. Have extracted XRP from all three for the same price. Only GH lagged a bit before reaching same price level when price increases fast. Also I like to spread the risk. 

Gatehub's trade volume for BTC, ETH, EUR, QAU, REP and RTC is around $250,000. Yeah, that's fine if you are purchasing or selling $500, but selling or buying $5,000 can cause the prices to rocket or crash. You are playing with fire with low volume exchanges.  I suggest you get some real world experience with OTC penny stocks so what I'm telling you can make sense.