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Frequently asked questions

You can sell Ada on a so-called crypto exchange.

A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

It's difficult to project the future development of any investment, and of volatile crypto investments in particular. Therefore, it makes sense create price alert to get notified when Cardano reaches a level at which you are comfortable selling your position.

There are a several things you should consider before you sell crypto. First, you should pay attention to the trading and payout fees of an exchange. Second, look out for an exchange supports your preferred payout method such as bank transfer or PayPal. Third, make sure that your exchange has good customer service in case something goes wrong. And last but not least, don't forget to assess your tax bill before you sell. Crypto tax tools can help you with that.

To pay out your cash after you sold Cardano, you will most often need a bank account. Alternatively, you can also leave some of your funds on the exchange, where you may be able to earn interest through staking.

If you are selling Cardano, you are most likely liable for capital gains tax. That said, tax regulation varies significantly from country to country, so make sure to inform yourself about the regulations that are applicable to your circumstances. You can also use a crypto tax tool to calculate your taxes.

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