Best way to turn BTC into Cash - page 2.

Quicker_777

newbie

Activity: 58

Merit: 0

Quote from: emerefer on June 08, 2013, 11:58:58 PM

campbx works best for me. it usually take less then 48 hour for my money to go from Campbx to Dwolla to my bank

Yes - CampBX to Dwolla is usually within one day. I think they are recently doing it manually, but still, one day is usually pretty good for withdrawal of USD from an exchange.

emerefer

sr. member

Activity: 338

Merit: 250

campbx works best for me. it usually take less then 48 hour for my money to go from Campbx to Dwolla to my bank

Lethn

legendary

Activity: 1540

Merit: 1000

Don't forget, you could also just buy stuff like Gold or Silver with Bitcoins and sell that for cash and avoid all the stuff with exchanges.

bitzox

full member

Activity: 172

Merit: 100

Quote from: Drezi on June 08, 2013, 07:28:03 AM

Selling for cash is easiest and no fees!

Thats the easiest, try OTC or localbitcoins

Pentel

full member

Activity: 172

Merit: 100

Try BitStamp exchange.

Drezi

newbie

Activity: 45

Merit: 0

Selling for cash is easiest and no fees!

austins

sr. member

Activity: 388

Merit: 250

mtgox

bitzox

full member

Activity: 172

Merit: 100

Quote from: mgio on June 05, 2013, 04:21:41 PM

MtGox is still the cheapest way.

Coinbase is good, but more expensive and limits you to selling just 50 coins a day.

MtGox isn't THAT much cheaper (.4%) and given all the problems they are having in the US if that's where you are based Coinbase is definitely a better option IMO

ThatDGuy

hero member

Activity: 728

Merit: 500

Quote from: bitcoinXXX on June 07, 2013, 12:26:08 PM

CampBX.

Having used both CampBX and Coinbase, I would have to recommend the former - although both would be ideal.

CampBX will allow you to use Dwolla to move $ in, but then after buying BTC, you have to wait 30 days before it can be moved from you CampBX wallet.

After that I'm sure it's quite smooth, but it's an important consideration.

bitcoinXXX

newbie

Activity: 18

Merit: 0

CampBX.

Kinetic915

full member

Activity: 168

Merit: 100

Quote from: ?? on ??

This depends on where you live. If you're in or close to a big city with lots of local traders, then I'd say localbitcoins.com. Otherwise you're stuck with the exchanges.

Seems like the only place any one does any business with localbitcoins is in LA.

mgio

hero member

Activity: 546

Merit: 500

MtGox is still the cheapest way.

Coinbase is good, but more expensive and limits you to selling just 50 coins a day.

ThatDGuy

hero member

Activity: 728

Merit: 500

Here's Coinbase to buy 1 BTC right now:

Quote from: Coinbase

Buy 1 BTC at $122.49 USD each.

Subtotal    $122.49
Coinbase fee    $1.22
Bank fee    $0.15
Total

$123.86

So it looks like 1%. The Bank fee is fixed so no matter how many BTC you are buying it is $0.15 per transaction.

The interface works nicely as well, showing you your pending transactions and the estimated time to clear. This has been <5 days for me through multiple transactions.

Kinetic915

full member

Activity: 168

Merit: 100

Quote from: ThatDGuy on June 05, 2013, 01:35:13 PM

Best is a bit subjective, depending on the timeframe and effort you're willing to put in to do it.

If a little bit of physical effort can be put into it, localbitcoins.com would allow you to make connections with people that want to pay $ for BTC. You can charge a bit of a premium for this service because of it.

I've been able to use Coinbase, and while it takes a few days and has some fees, has been very easy.

gotcha, Any ideas as to what the fees are? particularly for withdrawing usd? I can't seem to find any reference on the site to fees. I'll keep looking

ThatDGuy

hero member

Activity: 728

Merit: 500

Best is a bit subjective, depending on the timeframe and effort you're willing to put in to do it.

If a little bit of physical effort can be put into it, localbitcoins.com would allow you to make connections with people that want to pay $ for BTC. You can charge a bit of a premium for this service because of it.

I've been able to use Coinbase, and while it takes a few days and has some fees, has been very easy.

Kinetic915

full member

Activity: 168

Merit: 100

Anyone have their best way with the most minimal fees to turn their bitcoin into cash?

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