Exit Points: Know Your Exit Strategy

Exit Points: Know Your Exit Strategy

By GoblinCrypto | CaptCrimson | 28 Mar 2020


Ask anybody why they are in Crypto. 1% are said to be in it for the tech, but I'd bet 99% are in it to make money or become "rich." For this to happen there is a process that all buyers, sellers, and holders go through. Finding what coins you are interested in, how to purchase them, how to trade, where to store my assets. It's something that everyone has to go through, but the biggest question and ultimately the most important, how do I cash out when it's time to cash out?

This is important. Today there are more exchanges than I can count on both of my hands and feet. Some are good and others are own right bad. Finding which one is right for you only takes a few minutes of research, but it's important research that will pay off when it's time to cash out. Now back in the days of the $20,000 Bitcoin pump their weren't that many exchanges, but the thing that devastated many was when that pump happened the volume became so huge for these exchanges that many crashed. People couldn't cash out or lost their coins mid transactions. It was a disaster. Now, many of these exchanges that where around this time go through monthly maintenance to make sure they are ready for the next time everything pumps. I hope they are. 

This isn't a very long article, but I was around when the above disaster occurred, and I just want to make sure that everyone has the means to cash out when it's time. This includes having trusted exchanges and yes that is supposed to be plural. Make sure you have other rails. Don't just rely on one method of cashing out. Make an account with multiple exchanges, BUT NOT TO MANY, so that you can secure your way to financial freedom when it is your turn to cash out. Personally I have 4 options (or rails rather) of being able to make sure that in an event of exchanges crashing that I will be all set.

Really this is about it, but I would like to list a few exchanges that many people should look into and think about setting up an account with them to create that extra rail. Be safe out there investors and I truly hope that when the day comes for our investments to take off that we will all be ready to rake in our earnings and become financially free.  

Exchanges to consider:

Binance

Binance is one of the original exchanges and offers many incentives. They have a fantastic company with one of the most engaging CEO's in the business. 

Binance.US

The US counterpart to Binance. Still relatively new, but one day should be just as big as big as big brother Binance. 

Coinbase

Again one of the early exchanges, Coinbase has always been on top and continues to be one of the top choices that everyone adores.

Kraken

Bittrex

Bitrue

Bitrue feels like the sister to Binance. They are very XRP friendly and offer tons of incentives like loans and their patented Power Piggy program. 

Uphold

Uphold is getting more and more popular by the day and seems to becoming very BAT (Brave) friendly. They recently have created a Debit Card that allows users to spend their Crypto in the real world. 

 

Thank you so much taking your time to read this short article. I hope that if you haven't chosen some of these exchanges I have listed above that you would consider looking into them.

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GoblinCrypto
GoblinCrypto

5 year veteran in the Crypto Industry. I suck at trading, but am a pro at buying bottom's. Daily blog posts and always up for debates. Thank you for supporting my blog.


CaptCrimson
CaptCrimson

Hello everyone. I'm a crypto investor that's been on the markets for 5 years now and I believe I am ready to start talking about experiences, do's and don'ts, and just general news regarding crypto and the future the industry is laying out.

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