crypto currency

[QuarterMillionMan]

You got me thinking and I was debating cashing out the lowest .10 cents worth of onyxcoin but I don't want to have to pay let's say a $3 processing fee on the back end for cashing out. I'm sick of fees after paying the $310 rollover Roth IRA fee.

[QuarterMillionMan]

I haven't tried cashing out the free cryptos but I think you a right that they'll be adding in their fees.

[disneysteve]

QMM, can you actually cash out all of that free stuff? Is there a fee if you do? There must be some catch as they never truly give you anything for free.

[QuarterMillionMan]

These were all free cryptos from Coinbase's "learn & earn."

[QuarterMillionMan]

Ledger $26,451
Robinhood $6391
Trade Station $5500
Coinbase $4264
Coinbase Wallet $2000

Mostly all BTC, but also ETH, LTC, Solana, Shiba, etc.

Today my Ledger balance is $43,000 (in Dec 2023 it was $26,451). I didn't buy or sell in my Ledger since that time. I did however have to liquidate my Trade Station cryptos but cannot cry over split milk at this point.

[QuarterMillionMan]

Bitcoin $63,158 today.

[QuarterMillionMan]

Cryptos heating up again.

[QuarterMillionMan]

[QuarterMillionMan]

My scenario is different but I know what you're talking about when TD Ameritrade took over Scottrade my equities seemlessly transferred over. Then when Schwab took over TD Ameritrade my equities also transferred over without having to liquidate. But with Trade Station they decided to stop cryptos. They still have equities so I'll have to liquidate my cryptos and get equities. Or I'd have to liquidate my cryptos then with the settled funds roll it over into another crypto custodian such as Bitcoin IRA but their fees last time I checked were outrageous. Trade Station's fee of $100 annually was sort of high as well but I think Bitcoin IRA charges about $30 a month. Other crypto IRAs' are available but I'll have to do some homework and research their fees.

[disneysteve]

QMM so when you buy crypto it’s not like buying stock? If a broker shut down I could transfer the stock to another broker. Sounds like you can’t transfer crypto bought with this place to another crypto broker. You need to liquidate your holdings.

[james.hendrickson]

yeah I mean, all those assets have lost like 80% of their value.

At this point I've got a bit of Ethereum, some Bitcoin and some Algorand, but a lot of the secondary coins just don't have a compelling economic case.

[QuarterMillionMan]

In other crypto news Trade Station cyrpto is permanently suspending its spot crypto trading and I'll need to liquidate holdings which could be a bummer or a blessing in disguise (ie, crytpo goes bust). Oh well it was good while it lasted.

[QuarterMillionMan]

In California, policy on staking. NJ looks similar to CA.

[QuarterMillionMan]

Good thing only $16 lost, I was trying to transfer $16 of etherium as a test run from my Coinbase to my Ledger account but it is not showing up. Over an hour I've been checking but nada.

[QuarterMillionMan]

I just bought $750 worth of Etherium on Ledger and the fee was $21, so what is that almost 3% fee, wow seems high.