Context: Over the past year, I’ve regularly used crypto for numerous small transactions (typically $250 or less) per month. This year, I tried to step things up a little - and at one point in January tried to exchange a larger volume of ETH -> fiat to pay a bill (value ~$1000).
The exchange I used decided without warning to delay that transaction for 72 hours for security reasons (that they wouldn’t share with me). This was an inconvenience, but not a major deal. But it did get me thinking about how I would exchange large amounts in the future (e.g. if I got paid entirely in crypto every month, and needed to exchange large amounts to fiat regularly to pay my mortgage, bills, etc).
Does anyone have any exchanges they recommend for that? Obvious requirements:
- Low fees
- Payments in European bank accounts
- High security/trustworthiness
- Speed of transaction (i.e. releasing the fiat into my account, so I don’t miss a mortgage payment).