How to off ramp BTC to € at Bake?

Question

Bake EN (official)

M. Gaube

How to off ramp BTC to € at Bake?

0

29.08.2023

8 ответов

16 просмотров

Helmut

Fabio
Best to use a centralised exchange like Coinbase, ...

Has the Bake feature removed, where dBTC could be transferred to native BTC wallet?

0

30.08.2023

Zachary Chan

Helmut
Has the Bake feature removed, where dBTC could be ...

All BTC in Bake is native BTC. When you deposit dBTC from defichain wallet to Bake. It is automatically unwrapped to BTC. This is the same for all dCrypto supported on the defichain dex and Bake.

0

30.08.2023

Helmut

Zachary Chan
All BTC in Bake is native BTC. When you deposit dB...

Ok, was just wondering why @fabioandreatta suggested to off ramp BTC using a centralised exchange to @GAPA2020

0

30.08.2023

Zachary Chan

Helmut
Ok, was just wondering why @fabioandreatta suggest...

Yes that is correct. You cannot off-ramp crypto on Bake. That has nothing to do with wrapping/unwrapping. That question was to sell BTC to fiat. You have to withdraw BTC or any crypto from Bake to a cex and sell there.

0

30.08.2023

@JS Mosselfriet

Zachary Chan
Yes that is correct. You cannot off-ramp crypto on...

Hi Zachary, i thought that you could not withdraw BTC directly from Bake to a CEX and that you had to send the BTC from Bake to Defichain and from there to a CEX 🤔

0

30.08.2023

Zachary Chan

@JS Mosselfriet
Hi Zachary, i thought that you could not withdraw ...

You have it completely opposite. Everything on Defichain is Defichain-wrapped. dBTC, dETH, etc. You can only withdraw DFI native from Defichain. Bake is the one that’s doing the wrapping and unwrapping of Defichain tokens and has always been.

0

30.08.2023

Bernd Mack

@JS Mosselfriet
Hi Zachary, i thought that you could not withdraw ...

You can easily send BTC from Bake to wherever you want. No detours necessary

0

30.08.2023

Fabio · Accepted Answer

Fabio

Best to use a centralised exchange like Coinbase, Binance, Kraken etc.

0

29.08.2023

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