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Two questions:

  1. I am confused by the term: trading partners like BTC/ETH, etc.

  2. I'm into some more of the fringe currencies, IOTA, and SAN. Bought them with bitcoin on bitfinex, how to convert back? Seems to be a one-way street. Am I stuck?

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  • Please only ask about one topic per post.
    – Murch
    Oct 22, 2017 at 0:35

1 Answer 1

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Trading pairs like BTC-ETC at an exchange means that you pay BTC to receive ETH. Your exit should be possible with sending IOTA, SAN to respective wallets supporting these coins. Or you trade back to BTC and send this to your personal wallet or to another trading site where you sell your BTC against USD. You cannot get USD out of Bitfinex presently it seems.

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  • Thanks. Think the issue is on bitfinex there seems to be no option to transfer IOTA or SAN back to bitcoin. You can buy it, yes. But not convert back to bitcoin. Coinbase makes it easy to convert back to USA $$$s for the majors. But no listing for more of the speculative currencies. Aug 22, 2017 at 21:00
  • You cannot trade them back into BTC? Bitfinex is in some trouble anyway so I would move/send them to eg Bittrex which offers both ways.
    – KOld
    Aug 22, 2017 at 23:54

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