I have taken profits on my ethereum from back in August and went one level deeper, a dream within a dream. Coinbase is considered the "safe" exchange in the US. They have state of the art security (nothing is guaranteed), cold storage, and clean interface. They only offer trades in 4 cryptocoins, so if you want to get in on what are termed "altcoins", or alternative crypto projects, you have to find another exchange.
A little research led me to Binance. After creating an account, I found the ETH address of the online wallet there and was able to do a direct transfer of ETH from my coinbase wallet. The ETH network was a little clogged and my first direct transfer through the blockchain took 3 hours. During that time, my money was in limbo, it didn't exist in either place. Since then, transfers have only taken a couple of minutes. That's a pretty big time gap. With a wallet full of ETH, I was able to do quick and low cost cryptocurrency swaps on binance. I got in and out of a few coins reaping small profits and eventually some small losses, too.
What I didn't expect was for fractions of crypto to be left behind when I sold it. Most of the currencies and tokens use ledgers that go to 6 digits, ten millionths of a unit. For example, in one of my wallets, I sold as much as I could to convert back to ETH and ended up with 0.00670500 ICX. Most blockchains require a transaction fee so I didn't have enough ICX to convert back to ETH or anything else. It was left over coin dust. I have about 8 wallets with dust that are just sitting there. The only way they would ever be unfrozen is if the coin rose enough in price to allow a conversion. It just a funny side effect of the trading platforms and 6-digit precision.
In order to coin exchange, you do not need to register, you do not need to make orders, you do not need to pay withdrawal fees. You check the rate - You pay your transaction - And awaiting, when it comes to your wallet address.
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