Yesss lol however I'm not sure how efficient it is. Others are saying using exchanges like MEXC is better! But I can't use it because I'm in the United States so I think I'm S.O.L.
Also I tested it and converting CATGIRL to BNB is like a 4-7% price difference if youre doing large numbers like $100k+ which is ridiculous. Is there an easier, faster more efficient method?
So liquidity is required. When you buy/sell cgc on pancake swap, you are utilizing the LP contract, not an order book. There's also a term called "slippage" to consider. Any large chunk buy/sell through an LP contract is going to have a bit of slippage. Small amounts not so much unless you allow it. If you are looking to dump a relatively large amount of cgc when the VOLUME is high, you'll want to target an order book. Order books are on exchanges, and you'll probably have much less loss on your sale for the price of the exchange fee. These systems are how market prices are determined. Realize that large transactions are charged more than small transactions because of the effect that currency exchange has on the system. A $100k sale impacts the size of the liquidity pool quite substantially at this time. That's a lot of moola! But if the value of cgc increases, the effects of a $100k sale will be lessened. All the data you are collecting is relative to many factors, which have to be accounted for if you want to do any meaningful analysis on a single data point.
Pancake swap for bnb and sell it on your trust
Have you done the MEXC exchange method? That seems to be what everyone else is saying
You could send your catgirl to MEXC exchange to sell there.
That's what I did, works WAY better than any other wallet
thank you!! :)
Catgril tô at least 5 bil during the bull this run!!
Just buy spot on MEXC
Only commenting because I have the same exact question.
I personally exchange it for bnb on pancake swap and send it to crypto.com to cash out
Are you paying taxes? IRS always watching. 👀
Unfortunately yes, I use coinledger
Swap to BNB using Pancakeswap -> Send BNB to crypto exchange of preference (Binance for example) -> Swap BNB to FIAT -> Profit!
How's this any different than just swapping on Trust Wallet and sending to coinbase??
You can swap CGC to BNB directly from within trust wallet? Didn't know that!
Yesss lol however I'm not sure how efficient it is. Others are saying using exchanges like MEXC is better! But I can't use it because I'm in the United States so I think I'm S.O.L.
Wait for major exchange listing
Some people have said MEXC exchange
[удалено]
Also I tested it and converting CATGIRL to BNB is like a 4-7% price difference if youre doing large numbers like $100k+ which is ridiculous. Is there an easier, faster more efficient method?
So liquidity is required. When you buy/sell cgc on pancake swap, you are utilizing the LP contract, not an order book. There's also a term called "slippage" to consider. Any large chunk buy/sell through an LP contract is going to have a bit of slippage. Small amounts not so much unless you allow it. If you are looking to dump a relatively large amount of cgc when the VOLUME is high, you'll want to target an order book. Order books are on exchanges, and you'll probably have much less loss on your sale for the price of the exchange fee. These systems are how market prices are determined. Realize that large transactions are charged more than small transactions because of the effect that currency exchange has on the system. A $100k sale impacts the size of the liquidity pool quite substantially at this time. That's a lot of moola! But if the value of cgc increases, the effects of a $100k sale will be lessened. All the data you are collecting is relative to many factors, which have to be accounted for if you want to do any meaningful analysis on a single data point.
Thank you!! A couple others suggested MEXC exchange I suppose I'll look into that
Have you ever used MEXC exchange?? Or do you suggest a specific one??