Mined BTC

[pete.prytula]

So I' new to mining and would like to here from someone that also bought a contract or really knows the answer. What is the best thing to do with the coin that is mined? Is there any benefit to leaving it in my bitcoin.com account or should I transfer it to my coinbase wallet to transfer to my bank? I know the value of what I turn to cash will vary depending on the rate.

[maybach111]

It very depends from your financial situation.
One strategy is to withdraw it every monday, for example, and sell. In this case you will decrease possible price fluctuations of your earnings.
Another strategy is to HODL, if you are strong bitcoin adherent.
The third one - is to move it to some exchange (I use this one https://www.binance.com/?ref=12720552) and to trade for another promissing currencies, like LTC or XRP. The bitcoin rise will slow down, and the market will boost other currencies.
You choose.

[CryptoBlackHat]

There is another thing to be aware of. If you hold it in a cloud mining account, or even on a website or exchange like Coinbase, you won't benefit from any forksthat happen. For example, when Bitcoin Cash (BCH) forked from Bitcoin Core (BTC) you could only claim ownership of the forked coins if you had transferred your BTC to a wallet where you kept the private keys yourself.

In this case, Coinbase eventually ended up adding support for BCH and crediting people with their appropriate balance. But there's no guarantee this will happen with every fork. If you want the maximum control over your coins, download a Bitcoin wallet or use a hardware device where you keep control over the private keys yourself, instead of using an online exchange.