Correct spelling of recipes once and for all

2026-10-15 05:22:33 +00:00 · 2018-11-22 22:22:17 +13:00
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+!!! warning
+    This is not a complete recipe - it's a component of the [cryptominer](/recipes/cryptominer/) "_uber-recipe_", but has been split into its own page to reduce complexity.
+
+# Exchange
+
+You may be mining a particular coin, and want to hold onto it, in the hopes of long-term growth. In that case, stick it in a [wallet](/recipes/cryptominer/wallet/) and be done with it.
+
+You may also not care too much about the coin (you're mining for money, right?), in which case you want to "cash out" your coins into something you can spend.
+
+In this case, you'll want to configure your mining pool to send your coin-of-choice to an **exchange**, so that you can turn it into a **different** coin, or extract it into FIAT (_oldschool, cave-man currency_).
+
+## Preparation
+
+### Get verified at exchanges
+
+Most exchanges (Binance is currently a notable exception) require some sort of verification of your ID before they'll let you trade, or withdraw coins as FIAT.
+So, you may as well get yourself verified in anticipation (_it can take a while during periods of increased crypto-hype_).
+
+Here are (_referral_) links to exchanges I've used personally:
+
+* [Cryptopia](https://www.cryptopia.co.nz/Register?referrer=funkypenguin) : Trades obscure altcoins that other exchanges don't, and can withdraw to USD and NZD
+* [Binance](https://www.binance.com/?ref=15312815) : Doesn't require verification for small-time traders/miners
+* [Coinbase](https://www.coinbase.com/join/5a4d1ed0ee3de40195a695c8) : Beginner's exchange. Coins mined in Nicehash can be sent to coinbase with zero fees.
+
+### Send coins to Exchanges
+
+Now simply configure your mining pool (or your miner) to send your coins to your wallet's deposit address for each coin. Note that every coin has a unique wallet address.
+
+!!! warning
+    Don't try to send one coin (i.e., LTC) to a different coin's (i.e. BTC) wallet. You will **loose** your money and be **sad** 😞
+
+## Withdraw coins to FIAT (cash)
+
+Once you have enough coins in your exchange wallet, you can "trade" them into the real-world currency of your choice. For example, if you mined 100 Ella to [Cryptopia](https://www.cryptopia.co.nz/Register?referrer=funkypenguin), you could trade it for NZDT or USDT, and withdraw it to your bank account.
+
+## Continue your adventure
+
+Now, continue to the next stage of your grand mining adventure:
+
+1. Build your [mining rig](/recipes/cryptominer/mining-rig/) 💻
+2. Setup your [AMD](/recipes/cryptominer/amd-gpu/) or [Nvidia](/recipes/cryptominer/nvidia-gpu/) GPUs 🎨
+3. Sign up for [mining pools](/recipes/cryptominer/mining-pool/) :swimmer:
+4. Setup your miners with [Miner Hotel](/recipes/cryptominer/minerhotel/) 🏨
+5. Send your coins to exchanges (_This page_) or [wallets](/recipes/cryptominer/wallet/) 💹
+6. [Monitor](/recipes/cryptominer/monitor/) your empire :heartbeat:
+7. [Profit](/recipes/cryptominer/profit/)! 💰
+
+
+## Chef's Notes
+
+### Tip your waiter (donate) 👏
+
+Did you receive excellent service? Want to make your waiter happy? (_..and support development of current and future recipes!_) See the [support](/support/) page for (_free or paid)_ ways to say thank you! 👏
+
+### Your comments? 💬