Topic: Forms of converting cryptocurrencies into cash - page 3. (Read 13209 times)
in my country there are few ATMs however I sell P2P, or sell in exchanges of my country, where the same transmit the value in local currency for my bank!
There are lots of ways to easily convert or sell your cryptocurrency into fiat currency.
Find a buyer in your own place.
Find an exchange to convert your crypto to any fiat currency you like.
There's a lot of services already that could provide us to exchange our crypto to fiat currency just try to research them on the internet.
Find a buyer in your own place.
Find an exchange to convert your crypto to any fiat currency you like.
There's a lot of services already that could provide us to exchange our crypto to fiat currency just try to research them on the internet.
The method with a buyer seems to be a risky one. You can meet a dishonest person and lose everything. here are many good exchangers that are available for citizens of most countries. Just use the one, which provides the best rate.
There are lots of ways to easily convert or sell your cryptocurrency into fiat currency.
Find a buyer in your own place.
Find an exchange to convert your crypto to any fiat currency you like.
There's a lot of services already that could provide us to exchange our crypto to fiat currency just try to research them on the internet.
Find a buyer in your own place.
Find an exchange to convert your crypto to any fiat currency you like.
There's a lot of services already that could provide us to exchange our crypto to fiat currency just try to research them on the internet.
The “Epayments” payment system is a fairly simple and convenient conversion method; it provides credit cards with accounts in various currencies into which you can convert your cryptocurrency.
We recently finished doing an infographic for a blockchain platform called Kyber, which allows switching of tokens on any dApp, could probably use it to swap to a stable coin if you wanted, or maybe there's another option. You can check out more here: https://www.cyberius.com/kyber-network-infographic/
Have a great day,
The Cyberius team.
Have a great day,
The Cyberius team.
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 
I converted my cash through banks, I have local bank accounts which their firms where partners of our local exchange. It is fast, the moment I withdraw them to my account they get their in just 5 or less seconds. Then I go to town and find the Atm machine get the money, but only 200 dollars per day maximum because it is the limit. When I want to exceed my withdrawals I use other remittance centers like western union or LBC.
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
Wrhen I was a newbie I'd always need the help of local exchnages to convert my Bitcoin to cash or transfer it to my bank account straight. But these people always don't buy at the exact rate, rather they minus it, cause that's a way for them to make their own gains. I was doing that until I discovered Luno wallet and also found out that most of them that are local exchangers were using Luno to do their business as well. So that is how I started using their wallet since it allows me to withdraw to my bank straught away. You can also make use of BitPay debit card.
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 our country, we use different exchanges first to convert the crypto into bitcoin or eth, then put it in a wallet which is coins.ph, then convert the bitcoin or eth into Philippine peso. That`s our process in converting crypto into our own currency.
I live in Ukraine and we have quite a few ways to exchange cryptocurrencies for fiat money. Many of the Russian-speaking people use the EXMO exchange as it allows you to withdraw money to VISA and Mastercard. Many change through various exchangers, too, with the withdrawal on the card, but there are also exchangers in the city, where you can exchange cryptocurrency for cash. Commission from 2-5%. There is also a number of intermediary services to which these exchanges can transfer money and then transfer it to their cards.
In my country it is not much different from in Poland, a special exchange place that provides bitcoin exchange facilities and other crypto currencies with currencies in our country. Maybe in other countries it is the same, which distinguishes it from regulations from the local government.
You are referring to local exchanges and I think they are all available in every part of the world, in my country we have coinsutra and most of my crypto transactions from buying of bitcoin to exchanging of bitcoin to fiat are being neatly done via them and they have never disappointed me, their transaction is very fast.If I also chose to sell behind the counter like the way whales disposes of their own investment, we also have them in my country and for now that government does not make issue out of cryptocurrency. They all have their sign post too for me to locate them for the exchange.
In my country it is not much different from in Poland, a special exchange place that provides bitcoin exchange facilities and other crypto currencies with currencies in our country. Maybe in other countries it is the same, which distinguishes it from regulations from the local government.
Same here in my country, the government already approved several local bitcoin exchanges because of a growing numbers of people that uses bitcoin in their transactions. Several bitcoin ATMs are also available in the capital or in metropolitan area where bitcoin users and traders are abound. These exchanges are under regulations to protect the people from scams and illegal activities that uses the bitcoin.
There are actually a lot of ways to convert your crypto currencies to fiat currency that is paper cash. But, the best way would be making a peer to peer that is face to face deal with some one from your area. You will be saving a lot from transaction fee and other nuisance.
Or if you are from the US, you can use coinbase. That's the easiest way for me.
Or if you are from the US, you can use coinbase. That's the easiest way for me
.Face to face transactions are always risky. If you check the Bitcoin Discussions sub-forum, you will be able to find threads from users who got scammed during such transactions. On top of the chance of getting scammed, you need to understand that your anonymity will also be under threat. I would never go with such transactions, even if I am getting a good premium.
How can they got scammed if the transaction was done live ( face to face ? ) you can see the person that you are transacting with and you can check his cash or bitcoins if it was real or not . you can also get his personal information such as address and contact number so that if anything gone wrong , you can blotter him in the nearest police station but you cant do these things on online when trading with random people because they may use dummy accounts if ever they want to scam you .
In my country it is not much different from in Poland, a special exchange place that provides bitcoin exchange facilities and other crypto currencies with currencies in our country. Maybe in other countries it is the same, which distinguishes it from regulations from the local government.
There are actually a lot of ways to convert your crypto currencies to fiat currency that is paper cash. But, the best way would be making a peer to peer that is face to face deal with some one from your area. You will be saving a lot from transaction fee and other nuisance.
Or if you are from the US, you can use coinbase. That's the easiest way for me.
Or if you are from the US, you can use coinbase. That's the easiest way for me
.Face to face transactions are always risky. If you check the Bitcoin Discussions sub-forum, you will be able to find threads from users who got scammed during such transactions. On top of the chance of getting scammed, you need to understand that your anonymity will also be under threat. I would never go with such transactions, even if I am getting a good premium.
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 so lucky to have coins.ph a government approved exchanged for our cryptocurrency in our country, we can easily convert Bitcoin, Ethereum, Xrp and BCH to cash and we can even pay our bills through coins.ph, one big reason why people here are into cryptocurrency, every user should go through verification first or KYC before you can use their services
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 so lucky to have coins.ph a government approved exchanged for our cryptocurrency in our country, we can easily convert Bitcoin, Ethereum, Xrp and BCH to cash and we can even pay our bills through coins.ph, one big reason why people here are into cryptocurrency, every user should go through verification first or KYC before you can use their services
some countries have multiple exchangers to convert bitcoins and some other cryptocurrencies in their country's cash or Fiat currencies.
for example in Indonesia.
in this country, there is an exchanger called Indodax. This exchanger provides conversion to this country's cash or FIAT currency (Rupiah)
For more details, you can see it at https://indodax.com/
https://indodax.com/
for example in Indonesia.
in this country, there is an exchanger called Indodax. This exchanger provides conversion to this country's cash or FIAT currency (Rupiah)
For more details, you can see it at https://indodax.com/
https://indodax.com/
There are actually a lot of ways to convert your crypto currencies to fiat currency that is paper cash. But, the best way would be making a peer to peer that is face to face deal with some one from your area. You will be saving a lot from transaction fee and other nuisance.
Or if you are from the US, you can use coinbase. That's the easiest way for me.
Or if you are from the US, you can use coinbase. That's the easiest way for me
. 
Cashing out always depends from country you live in. My country doesnt have exchanges, I have two options, to go trough the bank that is connected with one of the exchanges, in my case cex, or to do transactions locally, there is one guy who sells and buys bitcoins with 5% fee. ATM`s are far away from me, but anyway they have higher fees I think.
Compared with old days, 3 years ago, now more banks are connected with some exchanges, generally we are making progress I believe, and that is happening everywhere, more and more ways are popping out.
Its sad to hear that cashing out cryptos is verry limited and seems a bit hard on your country . Selling cryptos to a real person offline seems a bit risky . You may want to bring mobs with you before transacting and always transact on public places that have guards just to be more safe . Withdrewing cryptos on an atm or a bank is the recomended option to you as it is more safe and less hassel .Compared with old days, 3 years ago, now more banks are connected with some exchanges, generally we are making progress I believe, and that is happening everywhere, more and more ways are popping out.
I think future will bring more ways like I said, my country will be more opened to crypto in years to come, it got to happen, when big ones do it, little ones will follow.
I will try to list out the most popular options we have in converting crypto to cash.
1. Using localbitcoins: A number of options are available. You can sell your coins to fiat, and receive fiat currency in bank accounts, mobile wallets, credit cards, Western Union.etc (as per your preference). Markup and commission is low (1% to 2%). Not recommended if crypto is banned in your country.
2. Using Bitcoin ATMs: Some of the ATMs have an option of converting your BTC to fiat. Anonymity is guaranteed, but the problem is that they are only available at select locations.
3. Using pre-paid debit cards that can be loaded with BTC: You can use these cards to withdraw cash from any fiat ATM. Available from a number of providers, such as Monaco and Coinsbank. Can be considered if your country is hostile to crypto. But not 100% safe.
4. Purchase of Amazon or other gift cards: Anonymity is guaranteed and you can sell these gift cards later for fiat cash. Safe for low amounts.
5. Cash by post: Markup and commission may be a bit high, but anonymity is guaranteed. Safest method in countries where crypto is banned.
1. Using localbitcoins: A number of options are available. You can sell your coins to fiat, and receive fiat currency in bank accounts, mobile wallets, credit cards, Western Union.etc (as per your preference). Markup and commission is low (1% to 2%). Not recommended if crypto is banned in your country.
2. Using Bitcoin ATMs: Some of the ATMs have an option of converting your BTC to fiat. Anonymity is guaranteed, but the problem is that they are only available at select locations.
3. Using pre-paid debit cards that can be loaded with BTC: You can use these cards to withdraw cash from any fiat ATM. Available from a number of providers, such as Monaco and Coinsbank. Can be considered if your country is hostile to crypto. But not 100% safe.
4. Purchase of Amazon or other gift cards: Anonymity is guaranteed and you can sell these gift cards later for fiat cash. Safe for low amounts.
5. Cash by post: Markup and commission may be a bit high, but anonymity is guaranteed. Safest method in countries where crypto is banned.
Jump to: