Topic: Best way to cash-out - page 4. (Read 534 times)
I think you need to migrate to other country to sell your bitcoins or other idea is to sell it to who are looking for bitcoins in Malaysia. But I suggest the best option you have now is just to hold your bitcoins for now. I hope this may help.
Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
If you want to cashout your bitcoin the alternative is maybe bitcoin debit card but it will costs you much especially for withdrawal through the ATM. Another option is using local bitcoin as people mentioned above. Wow I'm surprised that your government finally shut down the exchanger industry, however your neighbor country Singapore, Thailand, Philippines or even Indonesian are very welcome to the bitcoin.to create a bitcoin account in my country may, in accordance with the conditions specified.
In my own observation about on what is the best way to cash out in your bitcoin are selling it to the buyers who are buying and selling bitcoin. He pays you a real money to your bitcoin and the place where you are doing the exchanging transaction are in a public place, and you must face to face to the buyer.
Are there no places in your country that accept Bitcoin as payment? That's horrible that they freeze bank accounts. There must be a way to hide it. I think it's morally wrong to do that to people. It still doesn't stop people using and accepting bitcoin as payment. Your country sounds like a police state.
Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
If you want to cashout your bitcoin the alternative is maybe bitcoin debit card but it will costs you much especially for withdrawal through the ATM. Another option is using local bitcoin as people mentioned above. Wow I'm surprised that your government finally shut down the exchanger industry, however your neighbor country Singapore, Thailand, Philippines or even Indonesian are very welcome to the bitcoin.to create a bitcoin account in my country may, in accordance with the conditions specified.
to create a bitcoin account in my country may, in accordance with the conditions specified.
The best option is using LocalBitcoin. That's your safest bet.
Meet them face-to-face and you'll be safe and sounds.
But I'm not sure that it will be very safe when you are talking about a lot of BTC transaction. Or maybe you can cash it out in a batches.
Meet them face-to-face and you'll be safe and sounds.
But I'm not sure that it will be very safe when you are talking about a lot of BTC transaction. Or maybe you can cash it out in a batches.
Yes, person to person bitcoin exchanges can be risky in two ways :
1. The Buyer might be a scammer or a thief, trying to rob you. I would advice you to do this in a very public place.
2. The Buyer might be local law-enforcement setting a trap. {You might need a money-transmitter license, depending on
your local laws.}
Your best bet might be to keep those bitcoins and to pay for goods and services, where Bitcoin is accepted and to keep your
Fiat for everything else.
The best option is using LocalBitcoin. That's your safest bet.
Meet them face-to-face and you'll be safe and sounds.
But I'm not sure that it will be very safe when you are talking about a lot of BTC transaction. Or maybe you can cash it out in a batches.
Meet them face-to-face and you'll be safe and sounds.
But I'm not sure that it will be very safe when you are talking about a lot of BTC transaction. Or maybe you can cash it out in a batches.
Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
I think converting into your local money will be a great idea , just like the other country who were currently facing this kind of struggle. So sad for the countries who domt see the potentials that they may acquire if they allow their people to have an access to this platform, and be profitable even they were just in their house cause as an individual ,it may help me to be a better contributor in my own society.
Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
1.The fastest way is to find online sellers from localbitcoin. met them and pay face2face.2. Use this site Currency exchange and cash out using Paypal "Not recommended way" or any other payment way.always use escrow
3. use local board section Malaysia or any near local board "India, Indonesian,...etc "
4. open a bank account in "India, Indonesian,...etc " that accept bitcoin and exchange it from that bank to your bank
Try not to circumvent the government's decisions and follow legal methods
Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
yes the best way is to sell it to someone to cash. But you have to be careful, a lot of instances people who do transactions in person have been into risk, and I mean physical risk. So you need to consider doing it in public where it's too busy to do unlawful things.
well the main purpose of bitcoin is peer to peer transaction , maybe you have a friend thier whome you can sell or some of your facebook friends who live there, and you can try xapo too, it is a bitcoin wallet which offers atm card and you can withdraw in any countries, I think bitpay too offers the same and paycent. you can just search in google too.
Maybe you can sell them by cash to people who wants to buy Bitcoin with cash in Malaysia. Some banks in Turkey allows you to open bank accounts easily, buy you should visit Turkey to open the account.
You can consult LocalBitcoins service to find people willing to exchange Bitcoin for cash in your local community. Also you might find them using this very forum. https://coinatmradar.com/country/129/bitcoin-atm-malaysia/ suggests there is only one ATM in Kuala Lumpur, but if you live there you might want to consider using it too.
i think you should search for some people live in Malaysia to exchange it or you can use skrill and the withdraw (the usd not btc ) to your bank
or try localbitcoins.com
or try localbitcoins.com
Maybe you can sell them by cash to people who wants to buy Bitcoin with cash in Malaysia. Some banks in Turkey allows you to open bank accounts easily, buy you should visit Turkey to open the account.
Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
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