Topic: Best Way to Sell Bitcoin in My Situation? (Read 2348 times)

I'm from the USA but out of the country most of the time.  I have bitcoins that i like to sell.  I have sold bitcoin to people before and received online bank transfer.  I have bank of america.  However, the thing is those ppl are very reputable and i trust them.  They are not from this forum though. 


I have sold bitcoin using circle before and it was great... but they stopped allowing selling of bitcoin.  I also have coinbase account but never used it.


If i want to sell $1000 worth of bitcoin minimum each time, what is the best/safe method to do this?  Thus sometimes i want to sell $1000, other times $2000 and other times $3000 or more.  What is my best option?  What i would prefer is a bank transfer to my bank of america.  My problem is ppl have told me this could be reversed assuming the other person hacked someone elses bank of america account or they could possibly dispute the transfer.  Paypal is obviously the worst due to charge backs.  I read a wire is the best but doing this... it would require a few days to receive the wire.  So i would not send bitcoin then wait for wire unless that person is very reputable.  Thats why bank of america transfer is what i prefer the most.  But the people i have in contact with usually don't need bitcoin and even if they do, its not a lot of bitcoin.  I read about bitpay which is a debit card.  Thoughts on this?  I read its 9.95 to order the card and max 750 usd you can withdraw at a bank atm.  Max is 3000 usd.  Has anyone done this?  I cannot do this though since im out of the country and cant get the card while here.  But would this be a good option in the usa?  Im curious how much in total fees you have to pay to sell 3000 usd worth of bitcoin in an atm.  Anyone know?


I know ppl here also sell bitcoin for skrill/neteller and other similar things.  But these are reversible as im told.  The other thing is i dont need skrill/neteller funds since i cannot cash these amount to my american bank account.  Thus when i have skrill/neteller funds, i have to actually trade them for bank of america transfer etc so its frustrating etc since im an american and outside the us.  thus any money that i want to transfer to bank, its to my bank of america bank account.


I would obviously prefer to sell bitcoin via boa transfer or wire transfer.  So what options do i have for this?  I read about exchanges.  Are those legit?  if so... which ones?  I have an american bank account in bank of america thus it has to accept americans.  Say i want to sell $3000 worth of bitcoin.  How much in fees would i have to pay?  And would the payment i receive usually be ACH?  Or would it be wire?  If circle still allowed selling of bitcoin, i would definitely choose this option but they no longer allow you to sell bitcoin. 


Thanks.

As suggested by many members, I would also agree with the opinion that you can try localbitcoins where there are more than one option to cash out your bitcoins. Alternatively, you can also trade with any trusted bitcointalk member with cash (if you can find someone near you). I think if you need assurance of the deal while dealing with trusted member then you will probably need to pay some extra charges.

I don't know those countries you always move to, but I'm sure localbitcoin will be there to use. I'm not sure the numbers of days you spent out of America but it is possible to convert your Bitcoin to Fiat before leaving since $3000 is below the amount you are allowed to traveled with

Unfortunately, there are some traders who deal in localbitcoins accounts and we can do absolutely nothing to prevent it. There is a risk factor associated even in the case of 100% positive feedback holder because you never know if that account is bought or not.

Absolutely, I would say that localbitcoins is the only solution. Nowhere else is such big choice of buying/selling options so everyone can find something that it's suitable and convenient to him and available in his country. And when you find trusted trader on localbitcoins you will not need any other trading platform.

As suggested by many members, I would also agree with the opinion that you can try localbitcoins where there are more than one option to cash out your bitcoins. Alternatively, you can also trade with any trusted bitcointalk member with cash (if you can find someone near you). I think if you need assurance of the deal while dealing with trusted member then you will probably need to pay some sestra charges.