Topic: Forms of converting cryptocurrencies into cash (Read 13209 times)
One way or another, today you need to convert cryptocurrency to Fiat, even if you do not want to do this. The fact is that when I receive the main income from the cryptocurrency market, I still pay bills using banking services and therefore, in any case, I need fiat currency. But I try to use to a greater extent in my life those resources on the network that give me the opportunity to buy things and various goods using cryptocurrency. Thus, I minimize my dependence on fiat currencies and on banks. But if you have to cash out cryptocurrency, then I do it with the help of exchangers in my country that exchange various cryptocurrencies for fiat currencies.
Actually there are quite a lot of countries that don't have local exchanges that support each country's currency with cryptocurrency. But there must be some who sell exchange services. I use it often. Try to find someone who sells services if there is no exchange that supports or official exchanges have expensive fees.
That would be a good alternative ways if there's no available services or you are avoiding to pay high fees. You can exchange it from other services and enjoy the outcome instead of keeping the old ways. If there's other options best to explore and find the right one that makes you to have good advantages. Crypto have it's own value which can be used to exchange from Fiat to other form of digital currency. Just like in subject. How do you converting cryptocurrencies into cash? For example in Poland I can convert in so-called bitcoinmat from page shitcoins.club. I don't know how is it in other countries, so please reply. Thanks 
In first, I find an excellent local legal exchanger that accepts my cryptocurrencies, and into that, I use to convert my cryptos into cash. The one that I'm using is great because you can use your crypto directly to buy, some stuff, pay your bills, games and also you can convert it into cash that can deliver to you in person. Also, they have so many promos that lessen your transaction fees.
Actually there are quite a lot of countries that don't have local exchanges that support each country's currency with cryptocurrency. But there must be some who sell exchange services. I use it often. Try to find someone who sells services if there is no exchange that supports or official exchanges have expensive fees.
Today, it is not difficult to convert cryptocurrencies into cash, and we can find many sellers available in our country. I usually use my friend's service, and they help me to do that. I only need to sell some bitcoin to them, they help to send the money to my bank account, and the transaction was run less than 30 minutes. It's no problem for me if they use some fee because I still get the money in a short time. But sometimes, I use the other service like the local exchanges, and I don't have any problem too.
- Indeed, in almost every country there will always be some reputable people who become intermediaries for buying and selling bitcoin, and as you said, we just need to discuss the proportions that are right for them, transfer bitcoin and we will get money, the benefit they get is the percentage difference between buyer and seller. However, this method sometimes has some risks if we sell a large amount of bitcoin, money always makes others greedy, in this case, turn to reputable intermediaries websites, they are often present in most countries
In my country, to convert cryptocurrency to cash means you need to consult the cryptocurrency merchants and escrow service providers. Anyway, I prefer the cryptocurrency merchants to the escrow services. The cryptocurrency merchants is secured. There are two big companies here serving as the cryptocurrency merchants, thus cofred.com and ecurrency4u.net.
I don't know how is it in other countries, so please reply. Thanks
Here in the Philippines there are some ways to convert your crypto into cash. The most important step is to send it first to our local wallet coins.ph though it only supports bitcoin, ethereum, and ripple for now. Then choose how you want it to convert into cash like withdraw it at remittances or cash-out it directly to your bank account.
Today, it is not difficult to convert cryptocurrencies into cash, and we can find many sellers available in our country. I usually use my friend's service, and they help me to do that. I only need to sell some bitcoin to them, they help to send the money to my bank account, and the transaction was run less than 30 minutes. It's no problem for me if they use some fee because I still get the money in a short time. But sometimes, I use the other service like the local exchanges, and I don't have any problem too.
Forms of converting cryptocurrency to cash or fiat is made possible by the cryptocurrency merchants. There are cryptocurrency merchants in almost every country helping in the conversion of cryptocurrency to fiat and vice versa. Also, trusted escrow services can be of great use if merchants do not work on a 24/7 basis.
Converting from fiat to crypto and vice versa is not difficult at all as you will always find buyers and sellers of bitcoin everywhere. You can use localbitcoins.com or any of your local exchange or you can even search for people who live nearby you whom are willing to buy your bitcoins for cash.
Just like in subject. How do you converting cryptocurrencies into cash? For example in Poland I can convert in so-called bitcoinmat from page shitcoins.club. I don't know how is it in other countries, so please reply. Thanks
We have a lot of exchanger wherein we can exchange our bitcoin to a dollar and dollar will be converted into our local money. We have a lot of exchanger but here in our country we have only one and very well-known exchanger which is the coins.ph where we convert our bitcoin into dollar and into peso.
Today, new resources and mobile applications are already appearing, as well as trading exchanges to which you can attach bank cards and thereby simultaneously trade cryptocurrency and withdraw earnings in fiat currencies (Coinbase). But I think that in the near future, the situation with an increase in the infrastructure for using cryptocurrency will improve and then you will not have to cash out cryptocurrency in real money. We can not only buy things and products, but also pay for utilities with the help of cryptocurrency. At least, such opportunities may be available for owners of Bitcoin, Ethereum or other popular cryptocurrencies (BitInstant, BitPay), but if the Facebook project is implemented, then the Libra will be cut off from the banking system forever, judging by what is happening today around the Libra coin.
I think there are now many local exchanges that can convert cryptocurrency into cash, which means that every country has its own local exchange and even in my country there are many exchanges that don't only have one exchange. That way, there has been a lot of convenience in this matter and of course time goes by, this industry will continue to grow and make it easier for its users.
There are several methods of converting cryptocurrencies into cash here in countries. Several crypto exchanges offers this kind of services like converting bitcoin into local currency through banks and remittance centers. In my country's major business district, a bank-managed crypto ATM is already available for those who want to withdraw cash using their own bitcoins. The bank plans to bring to bring this bitcoin ATM to some other parts of the country where a large bitcoin users are available.
Just like in subject. How do you converting cryptocurrencies into cash? For example in Poland I can convert in so-called bitcoinmat from page shitcoins.club. I don't know how is it in other countries, so please reply. Thanks
We are lucky here in our country we have an exchange called coins.ph where we can easily convert our Cryptocurrency like Bitcoin, Bitcoincash Ethereum and Ripple to our local currency, and not only that we can also pay our bills using that exchange, it's government monitored and very much compliant.
Just like in subject. How do you converting cryptocurrencies into cash? For example in Poland I can convert in so-called bitcoinmat from page shitcoins.club. I don't know how is it in other countries, so please reply. Thanks
Im just using localbitcoins. Pretty simple web site with a lot of ways of trades (depends of country)I am someone who have used Localbitcoins a lot during 2015-17. In most of the cases, the deals went well. But there were cases when the buyer tried to cheat me of my coins (there were a few instances when I was in India). It was surprising because I normally deal only with buyer accounts that have a positive feedback of at least 99%. But a number of very old localbitcoins accounts are up for sale (some may be hacked) and I guess the scammers might have got their hands on some of these. So be careful while dealing in LBC. Positive feedback is not a 100% guarantee of safe payment.
really ? sh*tcoin.club ? sorry but i find the site funny and i think its a joke . im not going to use that site to trade because i know that there are many sites that offers crypto conversion and most of them are serious and legit .
on our country , crypto is totally legal and there are also bitcoin atm's that we can use around the corner . i think these btc atm's are the most convinient way to convert btc to fiat , among any other known methods out there .
Just like in subject. How do you converting cryptocurrencies into cash? For example in Poland I can convert in so-called bitcoinmat from page shitcoins.club. I don't know how is it in other countries, so please reply. Thanks
Im just using localbitcoins. Pretty simple web site with a lot of ways of trades (depends of country)
In our country, it is easy, to be honest.
There is this exchange called coins.ph. This exchange allows us to use Bitcoin to pay bills, buy kinds of stuff like in-game currencies and even send some money to our banks account suing Bitcoin but that is the point, that is how they convert our Bitcoins into fiat. It is like, they are taking the Bitcoins and then give us the fiat equal to how much we want to send to banks.
There is this exchange called coins.ph. This exchange allows us to use Bitcoin to pay bills, buy kinds of stuff like in-game currencies and even send some money to our banks account suing Bitcoin but that is the point, that is how they convert our Bitcoins into fiat. It is like, they are taking the Bitcoins and then give us the fiat equal to how much we want to send to banks.
Forms of converting cryptocurrency to cash or fiat is made possible by the cryptocurrency merchants. There are cryptocurrency merchants in almost every country helping in the conversion of cryptocurrency to fiat and vice versa. Also, trusted escrow services can be of great use if merchants do not work on a 24/7 basis.
I still think that "btm" or whatever those bitcoin atm machines are called are the best option. They never ask for KYC, they never ask for personal information, you just put cash into it and gives you a paper with bitcoin in it or you scan a qr code and send bitcoins and take out cash, simple as that.
I love those things, I have one near my house and it charges a lot for exchanges and their rates are always a bit late so you would have to wait around but at the same time I can make a bit of profit because when bitcoin goes up they are still a bit lower and I get to buy it cheaper and then sell it for higher at home whereas when I need to sell I sell at higher and then rebuy at lower all working fine for me. Those machines are not common just yet but with time that will be everywhere in the world I am sure.
I love those things, I have one near my house and it charges a lot for exchanges and their rates are always a bit late so you would have to wait around but at the same time I can make a bit of profit because when bitcoin goes up they are still a bit lower and I get to buy it cheaper and then sell it for higher at home whereas when I need to sell I sell at higher and then rebuy at lower all working fine for me. Those machines are not common just yet but with time that will be everywhere in the world I am sure.
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