In every crypto investor’s life, there is one point when they might have to liquidate or cash out their crypto investment. The reason can be anything whether they want to start a business or just go through some significant changes in their life. However, if you want to cash out the most volatile assets, such as Shiba Inu Coins, then it becomes important to think about it for once!
Here are some of the best options you can consider for cashing out and getting the best returns on the current Shiba Inu price.
- Use crypto debit
Do you want to cash out Shiba Inu Coin with greater flexibility? Then Crypto Debit is the best solution that you can have! You can use crypto debit such as BitPay Card, which is the best option. The functions of a crypto credit card are similar to a debit card which you can spend SHIB, such as withdrawing or cashing.
Using BitPay Card is the leading and trusted crypto debit card that offers holders convenience and flexibility. Apart from Shiba Inu Coin, there are several other cryptos that you can choose to cash out from here, such as Ethereum, Bitcoin, Dogecoin, XRP, Litecoin, and more.
Pros
- Fast, secure, and simple
- Use in-store and online or get cash from ATMs
- Does not require a bank account
Cons
- Card available to US residents
- On Exchange
If you have any custodial wallet from a centralized crypto exchange such as Gemini, Binance, or Coinbase, cashing out SHIB is so easy; however, when you think about the convenience factor, that also comes with some price in the form of Exchange or any other transactional fees.
If you want to cash out Shiba Inu Coin, you must access an exchange or wallet account and choose the amount you want to sell. Fees are the biggest problem that helps you convert the coin via Exchange.
Pros
- The quick and easy way to sell the SHIB through a custodial wallet
- Several exchanges to choose from
Cons
- Required bank account
- Peer-to-Peer (P2P) Exchange
A person can also prefer selling the coin directly through the crypto user, and that is a peer-to-peer (P2P) exchange will be an ideal option! Some centralized exchanges such as Gemini and Coinbase will facilitate the crypto transaction for the customers like traditional banks do with fiat.
If you transact money directly through another crypto user, you can avoid the fees and negotiate the terms. Once you decide on the price, you can complete the transaction instantly and keep the cash in your pocket.
Pros
- Usually, the fees are quite low as compared to centralized Exchange
- Has the ability to negotiate to have better rates
Cons
- Takes more time to sell
- Cash from crypto ATM
If you think of cashing out the Shiba Inu Coin, that will be possible through the crypto ATM. Crypto is growing and becoming popular, and Bitcoin ATMs offer a huge variety of exchange services that have started to cope around the globe.
It will allow the users to get cash quickly in Exchange with the SHIB without any bank account. However, crypto ATMs do come in limited options.
Pros
- The fastest way to get hard and cold cash in your hand
- No need for the bank account
Cons
- Machines are limited
- Expensive option
- Buy Gift cards with SHIB
The next best option that you can choose to cash out Shiba Inu Coin is buying a gift card with Google Chrome Extension or the BitPay app. It makes it easy to convert SHIB into gift cards which you can easily spend with cash at the top retailer.
If you want to buy a pricey video game system and, for that reason, you are cashing out SHIB, then BitPay will offer you great options for gift cards.
Pros
- A low-cost way to convert small to medium amount
- Cards may spend just like cash
Cons
- It can be difficult to convert a purchase gift card back to cash if you ever change your mind.
Conclusion
Cashing our Shiva Inu Coin is not that easy, and there are so many options that you can consider. However, there are several different things one needs to consider, and make sure you are not rushing off to exchange the SHIB for cash.
