I have just bought my first few thousand ADA through CoinSpot here in Australia (super easy process, highly recommend if you’re also from the the Land Down Under! [we don’t drink Fosters here, btw]). Anywhoosal, I have transferred my CoinSpot wallet to my Daedalus wallet for safe keeping. Also, very easy process.
Now, my question is, when the time comes to sell, how does one actually sell? This is my first foray into the wonderful world of Cryptocurrency, so I haven’t had any experience. While I don’t have any plans to sell in the next 5+ years, it would be nice to know ahead of time what one has to do.
If I had left the loot in the hands of CoinSpot.com.au, I could have sold through them when the time came, however at the moment they don’t allow depositing cryptocurrency back in order to sell through them.
I have tried to do my own research into it, but I can only see ways to essentially exchange one currency into BTC via Bittrex, and not how to actually convert into Aussie Dollarydoos. Do you have to “sell” it for BTC, then sell the BTC? I’m rather confused.
Any help would be appreciated!