Place it as a sell order on the trading book, above the current price. That way you are a market maker, and pay no fees.
50BTC is small potatoes, you aren't going to move the market.
50BTC is small potatoes, you aren't going to move the market.
If you're unsure, hire a professional. Think of it as paying 0.02% as insurance against mistakes.
I think that if you're unsure you need to study the topic so you can tell which "professionals" are professional con men.
Ostensibly yes. But they're overseas, so what's your recourse if something goes wrong? If you wouldn't trust a random overseas Italian bank to handle your money, don't trust Binance either.
> I think that if you're unsure you need to study the topic so you can tell which "professionals" are professional con men.
To be clear I was referring to financial advisors from the traditional financial sector. Bitcoin is big enough now that they'll have a playbook for it. Don't hire a "crypto" professional.
Using a cryptocurrency exchange isn't as risky as using a bank. You can fund your account with a small amount of bitcoin, exchange it to fiat, withdraw it, fund it with a 20% larger amount of bitcoin, and repeat the process a logarithmic number of times until all your money is changed. You don't have to leave your money in it for a long period of time, risking things like bank failure and getting locked out, and if the exchange decides to steal from you, it only gets a small amount of the total you're changing. It doesn't know in advance which transaction is the last, so it can't just wait until the last transaction to rip you off.
I agree with your recommendation to hire a financial advisor from the traditional financial sector, but they may not be familiar with this kind of situation, and some of them are professional con men as well, to a lesser or greater extent.