How to Sell Bitcoin From Your Hardware Wallet to Your Bank (Step-by-Step Guide) 💸

Поділитися
Вставка
  • Опубліковано 26 гру 2024

КОМЕНТАРІ • 98

  • @CryptoDad
    @CryptoDad  20 днів тому +3

    💰 Ready to cash out your Bitcoin?
    In this video, I show you how to transfer Bitcoin from your hardware wallet to an exchange like Kraken and Uphold, convert it to USD, and then withdraw the funds directly to your bank account.
    Step-by-step guide to make the process seamless! 💸
    #CryptoToBank #Bitcoin #Ledger #Trezor #CryptoTutorial

  • @liketearsinrain1167
    @liketearsinrain1167 20 днів тому +5

    And thanks for including Uphold!👏👏

    • @CryptoDad
      @CryptoDad  20 днів тому +2

      You bet!

    • @mp8129
      @mp8129 19 днів тому

      Stay away from Uphold, if you want your money!

  • @kaileyxxmorgan
    @kaileyxxmorgan 18 днів тому +270

    As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Loraine Souvenir’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!

    • @tekilapekula
      @tekilapekula 18 днів тому

      Having access to reliable information is crucial for us as investors to succeed both financially and in life. This is valuable, I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this

    • @delacay
      @delacay 18 днів тому

      It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure

    • @laetice03
      @laetice03 18 днів тому

      I'm so impressed knowing how much people talk good about her expertise, i’ve been following Loraine’s strategies for months now, and I’ve finally reached the financial stability I’ve been striving for. Loraine's program has been the key to my success

    • @FeleciaMalango
      @FeleciaMalango 18 днів тому

      Ever since I started following Loraine’s strategies, my trading game has elevated to new heights. Truly a mastermind in the trading world.

    • @catbaganz
      @catbaganz 18 днів тому

      The beauty of her approach is her dual focus: while she aggressively pursues profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.

  • @MyTube4Utoo
    @MyTube4Utoo 20 днів тому +2

    Another quality video from the CryptoPapa! 😆
    Thanks.

  • @liketearsinrain1167
    @liketearsinrain1167 20 днів тому +5

    Crypto dad here to save the day😂

  • @cordellscott
    @cordellscott 5 днів тому

    At 5:34 how do you get to that particular page on uphold?

  • @tommccullough5247
    @tommccullough5247 20 днів тому +1

    Thanks much Rex....great info

  • @gracemercylove684
    @gracemercylove684 20 днів тому +1

    Thank you so much, very helpful !

  • @Tom-gf9js
    @Tom-gf9js 19 днів тому +2

    Thanks CD 🙏

  • @AGLTONY
    @AGLTONY 19 днів тому +1

    Great vid , subbed 👍

  • @hanspaas1836
    @hanspaas1836 20 днів тому +2

    keep on the good work... Greetz from the Netherlands ....

  • @noccki6694
    @noccki6694 20 днів тому +2

    Thank you sir

  • @ronaldo.7422
    @ronaldo.7422 18 днів тому

    7:19 He does not love his Trezor wallet 😂😂😂

  • @augustovilasb
    @augustovilasb 18 днів тому

    Thank you soo much for the content

  • @di3352
    @di3352 20 днів тому +1

    Thanks for the video. :)

  • @sticks5618
    @sticks5618 20 днів тому +1

    Thanks as always Rex, watch all your material. Keep up the great asset recreation.

  • @tcperozi8831
    @tcperozi8831 20 днів тому +1

    Thank you

  • @Black-Circle
    @Black-Circle 3 дні тому

    is the kraken address the same every time?

  • @MX-5_RF
    @MX-5_RF 18 днів тому

    Which exchange has the lowest fee?

  • @jopadjr
    @jopadjr 20 днів тому +1

    98th... Thanks CryptoDad

  • @manin4568
    @manin4568 18 днів тому

    Sir what About NFC and Card wallets ?

  • @solo022667
    @solo022667 20 днів тому

    Which exchange charge less fees in United States?

  • @jetfixrguy
    @jetfixrguy 20 днів тому +2

    How can you find out who has the lowest fees to go from your ledger to an exchange to sell? Can you swap to a stable coin on the ledger?

    • @sharpy1785
      @sharpy1785 20 днів тому +2

      Yes, but it’s probably more expensive than sending to an exchange and swapping there.

    • @ThatsTheSpiritGodCast
      @ThatsTheSpiritGodCast 20 днів тому

      Seriously? But don't you have to pay tex each time you swap it ? ​@@sharpy1785

  • @R0n10-m3r
    @R0n10-m3r 15 днів тому

    Can you do a video on selecting a network when sending or receiving crypto? This part is confusing. I read where it says to make sure I chose the right network.

  • @gservices8888
    @gservices8888 18 днів тому

    Some smart people charging 10% fee on amt remmitted vice versa..

  • @QuadTap
    @QuadTap 17 днів тому

    Can you do a video creating a watch only wallet in Sparrow with a coldcard? There literally isn't one on the internet.

  • @JohnHD24
    @JohnHD24 20 днів тому +2

    If one would like to keep usdc on a hardware wallet withouth having to pay big ammounts of ETH fees what should one do? Can u cover this issue with a vid ? Would really appriciate it thanks

    • @bang_acil_
      @bang_acil_ 19 днів тому

      I think you might want to consider using layer2, like arbitrum or base. If u are using coinbase, it would be a great to withdraw it to base since it’s the a ethereum layer 2 blockchain

  • @Pirateking1221_
    @Pirateking1221_ 16 днів тому

    Can I transfer my crypto from Trezor to coinbase to sell?

    • @CryptoDad
      @CryptoDad  15 днів тому

      Yes. Just go to Coinbase and choose "transfer" and then choose "receive crypto" choose your crypto and it will give you an address. Send the bitcoin (or other crypto) from your Trezor wallet to that address using the "send" button

  • @trevorsvendsen9944
    @trevorsvendsen9944 15 днів тому

    Question:
    I originally bought Bitcoin on Robinhood years ago, then sent to ledger. Since then I’ve bought more that I’ve kept in Robinhood that I’ve held for less than a year. If I transfer the older BTC from my ledger to Robinhood, then sell some, how will I know if it sold older or newer purchased BTC? For tax reasons. Thank you!

  • @BK-tw1ly
    @BK-tw1ly 20 днів тому +1

    Is there a way to convert BTC into USD on Ledger Live?

    • @CryptoDad
      @CryptoDad  20 днів тому

      Just go to the buy sell tab in Ledger Live, and choose your payment provider. But keep in mind you are using third-party payment processors when you do this. You’re not really doing it directly in Ledger Live. Most of these services charge pretty high fees and some of them are European based. So there might be some KYC issues when you try to sign up for them. All of them are going to require you to use your ID and verify your identity that’s why I prefer to use the cryptocurrency exchanges that I already know and trust and have been using for a long time.

  • @sissano1
    @sissano1 20 днів тому

    Hello, would you make a video on the necessary recording needed once you have cashed out say using an exchange card please , best regards

    • @CryptoDad
      @CryptoDad  20 днів тому

      I’ve done several videos on how to use crypto tax software. These services allow you to track and trace all of your trades so that you can file your taxes properly. Examples include CoinTracker, Coinly, and Coin ledger

  • @primitivocruz
    @primitivocruz 20 днів тому +1

    Hello. I have nxra on uphold and it does not allow me to withdraw into my bank account. What do you recommend doing on the Uphold app with the nxra crypto withdrawal?

    • @CryptoDad
      @CryptoDad  20 днів тому

      That sounds a bit strange. If it’s in your account, you should be able to trade it for cash, but perhaps it’s a low liquidity token that they just added. You might need to experiment and see if you can swap it for another crypto like bitcoin or Ethereum once you’ve done that you should be able to cash out

    • @primitivocruz
      @primitivocruz 20 днів тому

      The sad thing is that nexera is said to only work with that network.

    • @emerislinmer
      @emerislinmer 20 днів тому

      Are you sure its Uphold and not Uphold with something else added to the name. I got.scammed out of $1000 of my hard earned money by a scammer.who kept reffering to the website as Uphold. But it was Upholdspottrade. Is it possible that you hqve been scammed?

  • @fromthepeanutgallery1084
    @fromthepeanutgallery1084 18 днів тому

    I have an old paper wallet from 2017 with some DOGE on it. How do I get into my Trezor or onto Kraken? I have my keys public and private printed on the paper wallet. Can I send a small amount to test first?

    • @bo3oroot637
      @bo3oroot637 12 днів тому

      Yes always send small amount to see how is it

  • @oddball6969
    @oddball6969 18 днів тому +1

    By doing this you create a taxable event...he doesnt mention that....

  • @MrStardust50
    @MrStardust50 11 днів тому

    It would be good to compare "Send & Withdraw" $20 crypto for 3 or 4 exchanges to see which would be the lowest fees.

  • @williamjver
    @williamjver 16 днів тому +1

    Hello Cryptodad. What do you think about Bitcoin mining stocks like MARA ?
    I have been watching some videos about crypto mining stocks and how they can possibly 10x following BTC value as it goes up. Is it possible for you to educate and do a video on BTC mining stocks? What is your opinion?

  • @di3352
    @di3352 11 днів тому

    Hello Crypto Dad, slightly different subject but still to do with crypto. I have some SUI at an exchange that I would like to transfer to my Ledger, however, my Ledger doesn't appear to have the SUI mainnet network, it appears to only have SUI Salmonation (or something like that). Does that mean I won't be able to transfer my SUI to my Ledger? Hopefully you see my comment. If so, thank you for any tips. :)

  • @Affirmationsforlife-u8z
    @Affirmationsforlife-u8z 20 днів тому +2

    wow,xrp only takes 1 min msx to transfer from wallet to exchange😂

  • @sams2495
    @sams2495 18 днів тому

    Why.i bought and sold without doing all this unesserry steps on Gemini, unless I'm doing it wrong?

  • @dsgr1073
    @dsgr1073 20 днів тому +2

    Rex crypto dad also come with the fire vids...needs to be @250k Subs

  • @steveothetruthseeker1754
    @steveothetruthseeker1754 17 днів тому

    Wow, what a long and complicated drawn out procedure, there must be an easier way surely ?

  • @GLENValdovinos
    @GLENValdovinos 20 днів тому

    By the time Grincepe hits Binance, we’re all gonna need sunglasses for the shine.

  • @NgânVănDục-t9o
    @NgânVănDục-t9o 15 днів тому

    I am tired and don't want to touch it anymore. I still have 89USD in OKX wallet but I am too lazy to withdraw it. Here is the mnemonic of OKX wallet (《pride》《pole》《obtain》《together》《second》《when》《future》《mask》《review》《nature》《potato》《bulb》, for all the friends who are lucky enough to get it.