<p>Yes, cashing out is profit protection but, it is also a stop gain. Follow the exchange user guide for instructions on how to sell or contact their support team, the details of how you do this are exchange specific.</p>

CC BY-SA 3.0
2018-02-14T17:56:08.023Z
2018-02-14T17:56:08.023Z
Willtech
<p>If you don't have your private key, and the custodial wallet that does have your private key is no longer accessible, then you cannot move your coins or &quot;cash out&quot;.</p>
<p>Invest in a hardware wallet, and transfer your coins out of any custodial wallet if you plan on hodling the coins.  That way, if you ever need to cash out, you can.</p>

CC BY-SA 4.0
2021-07-07T16:30:43.190Z
2021-07-07T16:30:43.190Z
Hannah Vernon
<p>Yeah, Willtech is right. You can withdraw your assets if exchange you're using allows doing that. By the way, not only Binance offer such an option. It's also possible to cash out with <a href="https://cex.io/" rel="nofollow noreferrer">Cex</a>. Just take a look.</p>

CC BY-SA 4.0
2018-07-31T08:16:12.533Z
2018-07-31T08:16:12.533Z
richcoin
<p>After I have bought a crypto currency at an exchange like Binance can I sell for dollars if it is going down. Basically if I have a profit from a currency what can I do with it to protect it?  </p>

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Trading crypto currencies with dollars
Bozarama
# Trading crypto currencies with dollars

(Asked by: username_0 on 2018-02-14)

After I have bought a crypto currency at an exchange like Binance can I sell for dollars if it is going down. Basically if I have a profit from a currency what can I do with it to protect it?

**Tags:** transactions, security


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## 3 answers

### Answer by username_1 on 2018-02-14. Score: 1

Yes, cashing out is profit protection but, it is also a stop gain. Follow the exchange user guide for instructions on how to sell or contact their support team, the details of how you do this are exchange specific.


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### Answer by username_2 on 2021-07-07. Score: 1

If you don't have your private key, and the custodial wallet that does have your private key is no longer accessible, then you cannot move your coins or "cash out".

Invest in a hardware wallet, and transfer your coins out of any custodial wallet if you plan on hodling the coins. That way, if you ever need to cash out, you can.


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### Answer by username_3 on 2018-07-31. Score: 0

Yeah, username_1 is right. You can withdraw your assets if exchange you're using allows doing that. By the way, not only Binance offer such an option. It's also possible to cash out with [Cex](https://cex.io/). Just take a look.


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