Forms of converting cryptocurrencies into cash - page 4.

Nhor1011

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Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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 it's very easy to convert bitcoin into cash because we have apps that you can use to convert it directly in exchange to fiat money.

aishteru

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Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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

here in the philippines we have a crypto wallet called coins.ph where in you can exchange crypto to fiat directly then you can simply cashout through some remittance center.the reason i love this crypto wallet they offer a lot of services like buying prepaid loads,game credits,paying bills and even hotel bookings.can you just imagine that a real wallet inside your phone all in one! awesome right?

darewaller

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Quote from: Whosdaddy on May 20, 2019, 07:53:01 AM

Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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

There are lots of ways I can convert my Bitcoin into cash. There are local exchangers in my country that I can meet face to face and do the exchange with them. I even know a lot of them to the extent I don't need to meet them anymore, rather I just send them a message and request for their Bitcoin wallet address which I then transfer some Bitcoins to them and they will pay money to my bank account.

This is my favorite way of converting Bitcoin into cash and it doesn't cost me. Then another way I can do is withdrawing straight from my Bitcoin wallet. I just hit on the withdraw and the money comes to bank account within few minutes or some hours. This method cost me some fees but it is not much. Another way can be by making use of wallet debit card.

I dint like dealing much with those OTC exchangers because they price ones BTC too cheap when they are selling cash to us, I will rather go online and use a more reliable exchanger where I can get exactly the value of what my coin is worth after I trade it.

I have been using luno for a very long time now and what I just pay is maybe the exchange fee, once I pay the exchange fee, they pay me exactly the amount I request in the proper fiat equivalent, the only challenge I have with them is that their exchange fee is quite high which is still better that what I will get when I exchange behind the counter.

imstillthebest

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Quote from: Barbut on May 21, 2019, 05:15:58 AM

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 .

Barbut

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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.

Kimonoe

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Quote from: Whosdaddy on May 20, 2019, 07:53:01 AM

Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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

There are lots of ways I can convert my Bitcoin into cash. There are local exchangers in my country that I can meet face to face and do the exchange with them. I even know a lot of them to the extent I don't need to meet them anymore, rather I just send them a message and request for their Bitcoin wallet address which I then transfer some Bitcoins to them and they will pay money to my bank account.

This is my favorite way of converting Bitcoin into cash and it doesn't cost me. Then another way I can do is withdrawing straight from my Bitcoin wallet. I just hit on the withdraw and the money comes to bank account within few minutes or some hours. This method cost me some fees but it is not much. Another way can be by making use of wallet debit card.

like in my country, there is a local exchanger, which is very practical to transact, so it can easily convert to local currency. Moreover, there are many scattered exchange offices in my country, thus facilitating bitcoiners

Whosdaddy

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Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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

There are lots of ways I can convert my Bitcoin into cash. There are local exchangers in my country that I can meet face to face and do the exchange with them. I even know a lot of them to the extent I don't need to meet them anymore, rather I just send them a message and request for their Bitcoin wallet address which I then transfer some Bitcoins to them and they will pay money to my bank account.

This is my favorite way of converting Bitcoin into cash and it doesn't cost me. Then another way I can do is withdrawing straight from my Bitcoin wallet. I just hit on the withdraw and the money comes to bank account within few minutes or some hours. This method cost me some fees but it is not much. Another way can be by making use of wallet debit card.

hulla

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Quote from: Slow death on April 24, 2019, 03:58:18 PM

You can use these methods:

Exchange Bitcoin (BTC) to Visa/MasterCard

Exchange Bitcoin (BTC) to PayPal USD

I exchange with this guy:

『LONG TERM SUPPLIER』Theresa bitcoins buy/sell shop『ba/PP/WU/MG/Wechat/Alipay』

I have trade with the mention long term seller back in the year 2016-2017 but i dont know how her service is now but I will advice the OP to user an exchange like Kraken, Luno or coinbase but if you dont want your bank or government to know the transaction was crypto to fiat you can try the above user for a small amount first or trade with green trusted user.

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Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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 think it's almost the same as in my country converting from crypto to the currency I use and the process is very fast

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Quote from: Seeker#9 on May 16, 2019, 03:27:14 AM

In my country, I have many options for converting cryptocurrencies to cash. There are many local bitcoin exchanges available and in their website, you just choose local banks, remittances and others method of payments to convert your bitcoin. Bitcoin ATMs are also available in some part of the country and I hope the bank that managing it will add more crypto ATM to other parts of the country.

That's really one of the good moves if the bank who caters the ATM will also add the service of direct exchange or act as the direct exchange so no need to send btc to local exchange then transfer it to bank, I'm also waiting for a direct transactions between crypto exchange to any known banks that will cater all the service.

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Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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 am using exchange and localbitcoins.com to convert my crypto into Fiat or cash,
First I would use the exchange to convert my alt-coin into Bitcoin then use localbitcoin to convert it into cash.
Or you could easily use the exchange platform directly you could use it to withdraw directly to your bank account.

Seeker#9

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In my country, I have many options for converting cryptocurrencies to cash. There are many local bitcoin exchanges available and in their website, you just choose local banks, remittances and others method of payments to convert your bitcoin. Bitcoin ATMs are also available in some part of the country and I hope the bank that managing it will add more crypto ATM to other parts of the country.

jrrsparkles

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I am using LBC for converting bitcoins into cash most of the time,which is the best IMO as well because we can get better price no trading fee for the buyer and seller and no huge fees.There are some centralized exchange have fiat deposit and withdrawals but I am not using it anymore due to high risks.

swordling143

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Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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

Nowadays, there are multiple ways to convert cryptos into cash. In my country, the most popular way of doing so is using a mobile app, in which the user is required to process KYC which will fully unlock maximum storage of BTC and daily transactions (cash-in/out). It also caters some of the most established coins such as BCH, ETH and XRP. Conversions are done real time and you can cash out your money thru designated banks, remittance centers, mobile money, or door-to-door delivery.

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Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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 can convert Bitcoin into cash through debit cards. Another way from my country is through remittance center where they accept payments through the wallet that is backed by Bitcoin and other altcoins.

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Quote from: Finestream on May 14, 2019, 07:35:47 PM

Quote from: traderethereum on May 14, 2019, 06:54:42 PM

Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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

Converting bitcoin into cash was easy if we have a local exchange, so we don't have to feel difficult to get the money.
But not all countries have the local exchange, and for people who are difficult to convert their bitcoin, I think they can search for another option so they can sell their bitcoin and they can get fiat.
There are many services which will help you to convert bitcoin into cash, and you could try with localbitcoin, or if you have a friend who can act as a seller to send and receive the money, then he can help you.

Luckily,we have our own local exchanger in my own country so this makes converting btc into fiat very easy and convenient one.I really think there are still a lot of services available except from having a local exchanger.We just have to be more resourceful if we want to look for more ways.

yes, like in my country there is also a local exchange, so that it can be directly converted to local currency and directly entered the bank account, and on the other hand with a fast process that makes us more comfortable without any third party

Finestream

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Quote from: traderethereum on May 14, 2019, 06:54:42 PM

Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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

Converting bitcoin into cash was easy if we have a local exchange, so we don't have to feel difficult to get the money.
But not all countries have the local exchange, and for people who are difficult to convert their bitcoin, I think they can search for another option so they can sell their bitcoin and they can get fiat.
There are many services which will help you to convert bitcoin into cash, and you could try with localbitcoin, or if you have a friend who can act as a seller to send and receive the money, then he can help you.

Luckily,we have our own local exchanger in my own country so this makes converting btc into fiat very easy and convenient one.I really think there are still a lot of services available except from having a local exchanger.We just have to be more resourceful if we want to look for more ways.

traderethereum

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Quote from: Jacsonikowy on April 24, 2019, 03:13:01 PM

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

Converting bitcoin into cash was easy if we have a local exchange, so we don't have to feel difficult to get the money.
But not all countries have the local exchange, and for people who are difficult to convert their bitcoin, I think they can search for another option so they can sell their bitcoin and they can get fiat.
There are many services which will help you to convert bitcoin into cash, and you could try with localbitcoin, or if you have a friend who can act as a seller to send and receive the money, then he can help you.

ajqjjj

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Quote from: bitbunnny on May 14, 2019, 03:27:48 AM

Before I used exchanges or localbitcoins to convert crypto into fiat, sonetimes Bitcoin ATM. But it's not very convenient, especialy when you have to use your bank account and it's often time consuming. That is why now I use only crypto debit card. I can top it up and pay directly everywhere I want, which I prefere, or I use it to get cash at ATM.

If we want to change cash obviously we will change Fiat currency because both are same in entire world. Bitcoin ATM is not properly maintain all the country so better we can invest exchanges and tranfer our fiat currency is the right choice. In your country all the transactions are available but mostly top high population countries are avoid the all exchanging method.

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Quote from: incomefromcoins on May 13, 2019, 03:49:58 PM

Localbitcoins.com is most widely users crypto fiat method

Not really, people like to use local exchanges more than P2P networks like LocalBitcoins. In case of Local Exchanges there is little room for arising disputes in trades as funds of both parties are confirmed before exchange is carried out. But in case of P2P, there is no perquisite to deposit funds on Exchange, hence it leads to unnecessary delays and disputes. LocalBitcoins is more popular in countries where Local Exchanges are banned.

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