So 'll ask the community for a tech support question.
Has anyone yet discovered an inexpensive way to convert zksync-era STORJ to US dollars, at an exchange that works in the US like coinbase or kraken?
There used to be a way with zksync lite and doing a trade and then a bridge to another network, but I haven’t found one with Era.
The two main methods that I know of are:
Convert Storj to USDT/ETH via a zksync-era liquidity pool. Send those USDT/ETH to your exchange within the zksync-era network (exchange must support zksync-era for those coins). Fees will depend mostly on pool liquidity (varies a lot at the moment) and amount of Storj you want to exchange.
(e.g. Swap between STORJ and ETH on zkSync Era via SyncSwap)
Bridge Storj to Mainnet. Send Storj to exchange via Mainnet. Takes ~24h to bridge and a fee of a couple of dollars (depending on gas prices).
If to go via 1 or 2, will mostly depend on the amount of Storj you want to transfer. If its a large amount, then liquidity pool fees & price impact (due to the current low balance of these pools) will eat up a lot, and might be cheaper to pay the bridge fees. If its a low amount, then pool fees & price impact might be less than bridge fees.
I used Binance quite often. It worked quite good for me and fees were really low. But how it’s in the us I don’t know, because I’m from Germany. So you would have to look that up.
Only negative thing is, that you have to send it to the L1 deposit address and it takes over 24 hours
My understanding is that liquidity is often lower on Binance US than Standard Bianance and they offer less features than Standard Binance so it might be a plan ahead type of situation depending on what you need to do.
(Not financial advice)
The cheapest way to turn STORJ into cash is by having your payouts sent to an L1 Exchange address: so whatever you do… turn off zksync-era first. The 3%-bonus payout will never overcome the extra fees you need to pay to get back to fiat.
Crypto.com makes it very easy to spend as USD with their Visa Debit card, but Kraken/Binance can also help sell your tokens.
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