Avoid losing money with bitcoins | Bitcointalksearch.org

KlepZ

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As with all investments, you must hedge your investment with both long and short trades, Options is not new to stock and FOREX trading, I have used this strategy for decades which maximizes profit while minimizing risk of losses.

Pattart

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Quote from: BossMacko on April 17, 2019, 07:04:22 AM

I am using coins.ph to easily convert my money to Bitcoin or vise versa, however this site i think only applies in our country. Aside from converting the site offers mobile phone load, pay for bills or transfer another account or bank. It is very convenient.

actually there is no right way so you can avoid price fluctuations, in bitcoin investment you have to be prepared for fluctuations, not by avoiding them. you can just convert to fiat in many wallets including coins.ph, but fluctuations will continue to exist, if you are not ready then you dont belong here

pundit

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Quote from: LUCKMCFLY on April 17, 2019, 07:06:35 AM

Quote from: dirkdekeizer on March 19, 2019, 01:12:27 PM

Hi

I am wondering if there is some sort of site where you can exchange your bitcoins easily to real money or idk what and transfer back so you can avoid if btc drops.

Thanks

EDIT:

Thanks for all the info.

I am more looking for something like Skrill. You can transfer your normal money in bitcoins and transfer back in normal money.
Sadly you can't withdraw bitcoins so it's just for investing.

I live in Belgium and I am under 18 (but I can use fake identity proof but no selfie etc)

I got around 1 BTC and I am looking for some site where you have like a bitcoin wallet and a normal wallet and that you can transfer money between those wallets

I can't use a bank account

Of course, if it exists, I do not know if in Belgium it is localbitcoins.com, or Uphold, they are really reliable platforms, although I recommend that every time you go to make a transaction with someone, always check your reputation and choose one that has a good reputation . , this to guarantee security, since many times they can review ready.

Try some exchange houses, there are some money changers who are always bitcoin enthusiasts and can set a price at which it is possible to give FIAT money and safely, this if you have some kind of terminal nearby, in Colombia there are people who are enthusiastic and The only thing that is done is the transfers and they give you the Fiat money.

Localbitcoins may be there in Belgium and he can exchange his bitcoin to local currency but problem is he cannot use bank account to withdraw cash as mentioned above. Almost every exchange offers BTC to USDT pair, he can simply convert his BTC to USDT for stable price. Some exchanges are also offering conversion of BTC to fiat currency like USD, GBP. I think skrill also accepts payment thr BTC but I am not sure. This is not a big issue of converting BTC to any fiat currency today.

BossMacko

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I am using coins.ph to easily convert my money to Bitcoin or vise versa, however this site i think only applies in our country. Aside from converting the site offers mobile phone load, pay for bills or transfer another account or bank. It is very convenient.

bhabygrim

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Quote from: dirkdekeizer on March 19, 2019, 01:12:27 PM

Hi

I am wondering if there is some sort of site where you can exchange your bitcoins easily to real money or idk what and transfer back so you can avoid if btc drops.

Thanks

EDIT:

Thanks for all the info.

I am more looking for something like Skrill. You can transfer your normal money in bitcoins and transfer back in normal money.
Sadly you can't withdraw bitcoins so it's just for investing.

I live in Belgium and I am under 18 (but I can use fake identity proof but no selfie etc)

I got around 1 BTC and I am looking for some site where you have like a bitcoin wallet and a normal wallet and that you can transfer money between those wallets

I can't use a bank account

I think any trading site have this offer but I think it would be really hard to withdraw it since you are not going to use banks.
I think the only way that you could convert it into cash is by looking for a person who would pay you on hand for your crypto currency.

CBANX2

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It can be time being decision as what your exchange is offering and is your exchange has got the trading pair of BTC/USDT. Many of exchanges are offering it now, and it can be savior for you as at the downstream of the market you can minimize the loss intensity to save money.

babarian

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Quote from: Teawhalee on March 24, 2019, 08:05:09 AM

there are many exchanges like Kraken, Gemini, Bittrex, and the likes that offers option where you can trade your bitcoins to fiat of USD which helps keep your fund stable without decreasing or increasing. but most of these centralized exchanges usually require KYC of which you are still below 18. somehow you will need to get verified to be able to withdraw in fiat currency. you might need to wait till you turn 18 and then get verified with valid documents.

indeed some exchangers who provide pairs on FIAT currencies such as USD ask KYC to make withdrawals so that those with less than 18 years of age must wait for their age. or maybe they can use their parents' identities to take shortcuts.

Kulkhan

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Many Trusted exchangers are available to convert Bitcoin. Such as Binance, polonix etc. Any one can exchange his Bitcoin savely. Moreover Many visible exchanger and many Bitcoin ATM Booth are available world wide. So meny weys have to save Bitcoin. And We can Fully avoid lossing our Bitcoin.

jonas5222000

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Quote from: lyks15 on April 06, 2019, 12:46:17 AM

It depend on what country where you are. Here in Ph your problem is not a problem. Using coins.ph your problem is not a problem. It is easy to encash your bitcoin. Find some application or site to convert your coin to dollar. But on your age the best thing to do is to divide your cash out transactions diviible by small amount to avoid some transaction hassle.

Yes it only depend,but there are so many exchanger that no need to pass any kyc but here in my country which is the Philippines too we have coins.ph and it necessarily to pass kyc to be sure that you are not dummy user and also if you completed it you have the rights to trade your bitcoin here.

Dayan1

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Then go on binance, you can save your btc in an exchange and binance is one of the best exchange for volume and market cap. You can do trade whenever you want it could be other coin or btc to usd the usd to btc. By this way you can catch profit through buy and sell

Karamabit_209

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Quote from: dirkdekeizer on March 19, 2019, 01:12:27 PM

Hi

I am wondering if there is some sort of site where you can exchange your bitcoins easily to real money or idk what and transfer back so you can avoid if btc drops.

Thanks

EDIT:

Thanks for all the info.

I am more looking for something like Skrill. You can transfer your normal money in bitcoins and transfer back in normal money.
Sadly you can't withdraw bitcoins so it's just for investing.

I live in Belgium and I am under 18 (but I can use fake identity proof but no selfie etc)

I got around 1 BTC and I am looking for some site where you have like a bitcoin wallet and a normal wallet and that you can transfer money between those wallets

I can't use a bank account

If you are living in the Philippines, then you can use coins. ph but since you are from Belgium, I recommend darbfinance .

jonas5222000

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There is a lot of exchanges that deal to sell bitcoin must also know cryptocurrencies exchanges,and also the money that you have when it goes fo bitcoin its has a chance to give you profit and also get your money so be wisely for trading it,explore this thread and it will give you big help.

munify

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I think you can use coinbase to exchange bitcoin, but the problem is the value of bitcoin is so volatile that to determine the movement of bitcoin is more difficult.

qawsed098

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Quote from: dirkdekeizer on March 19, 2019, 01:12:27 PM

Hi

I am wondering if there is some sort of site where you can exchange your bitcoins easily to real money or idk what and transfer back so you can avoid if btc drops.

Thanks

EDIT:

Thanks for all the info.

I am more looking for something like Skrill. You can transfer your normal money in bitcoins and transfer back in normal money.
Sadly you can't withdraw bitcoins so it's just for investing.

I live in Belgium and I am under 18 (but I can use fake identity proof but no selfie etc)

I got around 1 BTC and I am looking for some site where you have like a bitcoin wallet and a normal wallet and that you can transfer money between those wallets

I can't use a bank account

I suggest you to use CoinSwitch.co as they do not ask for KYC. You can buy/trade Anonymously. Your age and other things when you trade anonymously.

macshad

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why dont you want to use your name, it might come back to hunt you later

mitchr4

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Bitcoin prices can quickly change, there is a possibility that we will lose money if we do not pay attention to prices on the market. Every investment must have risks, as well as if we invest in Bitcoin. Switching Bitcoin to cash is the same as selling it and not using bitcoin anymore.

carlisle1

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Quote from: cizatext on March 19, 2019, 02:49:04 PM

Well you have that option in most of the exchanged, but you title is misleading but if you are looking for where you can convert bitcoin to paper money there are so many ways you can do that through direct debit card into you Bank account or through other bitcoin exchangers ways.

Yeah the title seems to be advice when the truth is he wants advice,thats really misleading lol

But he has some options and some are given by other users

What he wanted now is skrill as what the edit says so i guess this topic is done already and need to be locked

LUCKMCFLY

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Quote from: dirkdekeizer on March 19, 2019, 01:12:27 PM

Hi

I am wondering if there is some sort of site where you can exchange your bitcoins easily to real money or idk what and transfer back so you can avoid if btc drops.

Thanks

EDIT:

Thanks for all the info.

I am more looking for something like Skrill. You can transfer your normal money in bitcoins and transfer back in normal money.
Sadly you can't withdraw bitcoins so it's just for investing.

I live in Belgium and I am under 18 (but I can use fake identity proof but no selfie etc)

I got around 1 BTC and I am looking for some site where you have like a bitcoin wallet and a normal wallet and that you can transfer money between those wallets

I can't use a bank account

Of course, if it exists, I do not know if in Belgium it is localbitcoins.com, or Uphold, they are really reliable platforms, although I recommend that every time you go to make a transaction with someone, always check your reputation and choose one that has a good reputation . , this to guarantee security, since many times they can review ready.

Try some exchange houses, there are some money changers who are always bitcoin enthusiasts and can set a price at which it is possible to give FIAT money and safely, this if you have some kind of terminal nearby, in Colombia there are people who are enthusiastic and The only thing that is done is the transfers and they give you the Fiat money.

Malsetid

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Quote from: babarian on April 06, 2019, 02:14:37 AM

Quote from: Teawhalee on March 24, 2019, 08:05:09 AM

there are many exchanges like Kraken, Gemini, Bittrex, and the likes that offers option where you can trade your bitcoins to fiat of USD which helps keep your fund stable without decreasing or increasing. but most of these centralized exchanges usually require KYC of which you are still below 18. somehow you will need to get verified to be able to withdraw in fiat currency. you might need to wait till you turn 18 and then get verified with valid documents.

indeed some exchangers who provide pairs on FIAT currencies such as USD ask KYC to make withdrawals so that those with less than 18 years of age must wait for their age. or maybe they can use their parents' identities to take shortcuts.

I don't really see any problem with that. I mean when it comes to exchanges, it's easier for any scammer to take your money by having access to your account. Giving the exchange your information actually adds to the security and would likely make it easier to fix things in case your accont gets hacked. These are real money we're talking about anyway.

JNvak

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I tried various ways in order not to loose money, but sadly most of them were dissapointing. I learnt not to trust too much the "well-known" exchange platforms. Currently, I'm using Coindeal and so far had no problems with it. USD, GBP, EUR, KRN, RUB, you name it. Also, they offer a voting system that allows the users to choose the next availible cryptocurrency.

Topic: Avoid losing money with bitcoins (Read 1061 times)