Avoid losing money with bitcoins - page 4.

btc_angela

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Quote from: Saisher on March 19, 2019, 09:03:26 PM

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

If you are living in the Philippines coins.ph offer that service you can easily convert your bitcoin to fiat and you can convert your fiat to bitcoin, ripple,bitcoincash easily within seconds I'm glad our country offer this kind of service.

Well coins.ph is local to Philippines only, but yes it can do the trick. But for the OP, a lot have been suggested, go to trusted exchange like Binance and then easily liquidate your bitcoins there. But as you have describe, you seems to be describing the purpose of USDT, https://info.binance.com/en/currencies/tether

muslol67

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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

Obviously, what you're talking about is all about the purpose of stablecoins. But of course it is not a FIAT, but a USD-backed crypto return.

okala

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Most of the exchange site offer such services that enable you to convert your crypto to faint money and having it transferred directly to you traditional bank account, but the popular way we are exchanging bitcoin to paper money now is by selling it to other buyers in your local currency who then transfer the money to your Bank account and this is normally done using an escrow platform like remitano they offer such services you can give it a try.

Kakmakr

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Just remember one thing, if you sell your bitcoins for fiat, it gives you a fiat balance on the local exchange database and it is not fiat until you withdraw it to your Bank account. We always warn people not to store large amounts of bitcoins on exchanges, but we forget that they also hold large fiat balances on these exchanges. Wink

Some more experienced traders use bots to trade for them, to reduce the possibility that they would loose money on their Crypto trading. Wink

Ruffian1314

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Where you from? because many trusted sites where you can convert your bitcoin to fiat money. Coinbase is
one of the trusted web wallet where you can convert your btc to fiat. Also exchangers are used to convert btc too. Make a little research to find out yourself what are those.

calandra78

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Quote

I am wondering if there is some sort of site where you can exchange your bitcoins easily

Where you live? some exchange not realy accepted many fiat like USD n EURO when you exchange your bitcoin. so, when you swap it your money will be fiat currency on that exchange country, i thing you have to choose your country exchange or you can do outside your country, then transfering into your country exchange

Carollzinha

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Well Coinbase is very good. You can exchange your bitcoins, ethereum, bitcoin cash and further more cryptocurrencies directly to fiat without loosing anything except for a small fee.
You should check it also. Also has good referral system and it's faster than every other exchanger.

You can trust Coinbase without any issues.

killat

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If you want to exchange Bitcoin for cash, the easiest way is to use Localbitcoin.

If your Btc already dropped and you don't want to lose money, then don't sell yet. Hold you btc until price will recover. You only lose when you sell.

shesheboy

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Quote from: Saisher on March 19, 2019, 09:03:26 PM

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

If you are living in the Philippines coins.ph offer that service you can easily convert your bitcoin to fiat and you can convert your fiat to bitcoin, ripple,bitcoincash easily within seconds I'm glad our country offer this kind of service.

Its not a good idea to convert your cryptos to fiats and then bringing them back again to cryptos because you will be facing alot of charges . you must decide properly if you really wanted to cash out your coins later that day then thats the perfect time that you will use the convert option or if you decide to secure the value of your cryptos permanently , that is also a wise decision to convert your cryptos to fiats .

waynechong1995

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Usually just have a scale on how much you can afford to lose, find exchanges like binance which support stop limit order, get to the usdt/btc pair and set up your order. I always order some exchange that doesn't support stop limit, like for some even for so long, you will never know how big whales will do with market and blind flooded you to stay HODL mood, like how trade forex stop limit is essential

Saisher

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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

If you are living in the Philippines coins.ph offer that service you can easily convert your bitcoin to fiat and you can convert your fiat to bitcoin, ripple,bitcoincash easily within seconds I'm glad our country offer this kind of service.

Naughty Princess

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Quote from: Zadicar on March 19, 2019, 02:24:55 PM

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

This is the purpose of Exchange platform existence mostly being mentioned above already by other members.You can simply convert your
Bitcoins to Fiat or just simply on stable coins for you to avoid btc volatility.You can switch or have the opt out to convert as you like.

There are many platforms for exchange you have have to choose the legit site and where transaction fee is much lower so even you withdraw it, do not lessen much amount. You cannot lose when you wait for the price to rise again again as long as it is potential coin. Local exchange is mostly used for directly exchange into fiat.

faceoff97

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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

That's not a good idea since there is a big difference with buy and sell price. The best way not to lose is just to hold your coin, don't make anything about your coin. In the long run, it will eventually get higher in value. Just buy when the price is affordable and don't panic when price drop since it's a normal thing for Bitcoin. You better store your coin in a safe wallet like Hodler wallet, in this way you'll not be tempted to do anything about your coin.

Dreamchaser21

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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

Its not easy to avoid losses and this should not be the game plan. Its easy to convert if its on the good exchanges and putting it into real money might be going through many process. I suggest to monitor the price everyday if you want to avoid the small dump and save your money.

mohammedmattar

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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

There are multiple ways to get you what you want
Many of the trading platforms mentioned by guys
XAPO as well
Another option is Bayeer Bank
You can buy and sell BTC there and convert it to Fiat but the fees are high.

Vaskiy

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That's what all exchanges do, using more legitimate exchanges is my suggestion don't stick to small exchanges when dealing with fiat and don't leave too much on the exchange.

Right now we've got a number of exchanges with bitcoin getting different trading pairs. https://coinmarketcap.com/exchanges/volume/24-hour/ you can go through the link where the different exchanges providing access to bitcoin trading. Pick the one that gives you the convenience and the expected service.

sunsilk

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Where do you live? if you are living in a country where there's a local exchange that can help you exchanging your bitcoin into cash/fiat, you may use them most of the time.

I bet your question has been answered about exchange and you have an option to convert and save the value through USDT.

Quote from: BitMaxz on March 19, 2019, 03:20:58 PM

Check this from here https://www.coingecko.com/en/coins/tether and scroll down you can see all listed exchanges.

also this; https://coinmarketcap.com/currencies/tether/#markets not that much difference.

BitMaxz

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Here in my country, we have a local exchange where we can exchange bitcoin into fiat and withdraw instantly. So if bitcoin is in the bull market we can exchange our bitcoin into fiat instantly to avoid loses.

If you can give us more about your details where you live maybe we can recommend you the best exchange in your country like in India they have zebpay and US they have coinbase and EU countries they have Bitstamp.

Why not, find an exchange that supports Tether or USDT? Do you want to exchange your bitcoin into stable coin? If you just want to find a stable coin USDT is one of the best coins to exchange your Bitcoin while the market keeps dropping you can avoid your investment to lose its value.

Check this from here https://www.coingecko.com/en/coins/tether and scroll down you can see all listed exchanges.

mrdeposit

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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

No need to withdraw your coins in the form of fiat money. Instead of exchanging your money to real(?) money, try to convert it to stable coins. Later you can buy back the same amount of BTC if the price drops further.

teejayrichard2

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For a long time now I have been using luno to exchange my bitcoin to fiat currency. It has been really reliable as I get credited directly to my bank on time. Can easily convert your Bitcoin to fiat and fiat to Bitcoin with so much ease using luno. You can download the app from your play store and give it a tryer.

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