There was a time when you could only get paid in BitClout. How to withdraw BitClout for cash or deposit it into your bank account. Today, though, services have evolved so that you can trade back (Xchange) your BitClout for cash, or deposit it into your bank account and even, in some cases, both! With a little bit of research, you can find a company that trades (or offers the ability to trade) in either the new child chain (HTLC) or the older and larger sibling (CLE) of BitClout, the CFD trading market.
Guaranteed No Stress Withdraw Bitclout
Most investors in both the private and public markets are still thinking in terms of the traditional two-chain model. That means if you want to trade back (Xchange) your BitClout, you either need to use an FX broker who offers the exclusive right to do so, or you must use an exclusive provider of trading platforms, such as Gemini or TradeKing. With both of those choices, you are relying on the reputation of the broker/exchange as well as the credibility of the parent Platform itself. With the introduction of thorium, (an upgrade of the classic ePen) there is now a third way to execute your trade: the proof-of-stake (POC) method. This is where the token holders of the underlying asset decide which side of the line they want to be on-and this is determined by a voting process that takes place on a pre-determined schedule. Because this voting occurs off-chain, investors can still have access to the underlying asset even if the token holders (the ones with the tokens) no longer physically hold them.
The most recent, and arguably best, the method for withdrawing BitClout is through the use of the Ethfinex Meta Currency Trading Platform. The Ethfinex platform allows users to conduct all of their financial business through the use of a Meta Trader application that is written to interface seamlessly with the exchange’s APIs. Because all of the trading information is encoded within the Meta Currency Trader’s own private key, it is impervious to hackers. This makes Ethfinex’s approach to withdrawing funds from their platform nearly impregnable. While the Meta Currency Trader is not free, nor does it give you access to your underlying asset, using it as part of an overall diversifying campaign to minimize exposure to volatile currencies is certainly a good idea when you consider the consequences of a loss.