Topic: Cash Out Bitcoins - Best way? (Read 2361 times)
Mt.gox is the way to go and then if you live in the states dwolla is the way to withdraw your earnings. :Good luck
wallet(btc) -> mtgox(sell btc for USD) -> Dwolla(transfer USD from mtgox) -> bank transfer involves, I think, a total of a $0.25 fee if you have a US bank account. Plus the 3%(I think?) mtgox charges on all trades.
If I'm wrong here somebody correct me, this was my plan.
If I'm wrong here somebody correct me, this was my plan.
Why not #bitcoin-otc? I just started and it was the easiest way for me. How much bitcoin are you selling?
does anyone know if mtgox sends cashout & trade records to IRS?
Doubtful.. But even if they did, currently it wouldnt link back to you unless they did a LOT of investigation..
I thought it would be easy, since mtgox already has your bank account info?
Get a Visa card for your bitcoins here: http://bitcashretail.com/visa.php
You could use tradehill and request a check the exchange rates are ~equal but there's no fee on a check in the mail(takes 5 days though) or you could just buy thing you want directly with the coins
Maybe consider cashing out a portion through alternate means?
https://bitcointalksearch.org/topic/m.557865
https://bitcointalksearch.org/topic/m.557865
does anyone know if mtgox sends cashout & trade records to IRS?
Doubtful.. But even if they did, currently it wouldnt link back to you unless they did a LOT of investigation..
PM sent
does anyone know if mtgox sends cashout & trade records to IRS?
I don't know if they do.
does anyone know if mtgox sends cashout & trade records to IRS?
mtgox or a bitcoin atm if anyone would develop it.
Thanks
checking how it works with Mt. Gox
mtgox or a bitcoin atm if anyone would develop it.
So what is the best way to convert your bitcoins to U.S dollars right now?
Jump to: