How difficult is it to sell your position? - page 5.

PX-Z

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Quote from: mkmdoc on October 10, 2017, 10:28:00 PM

Quote from: eann014 on October 10, 2017, 09:23:29 PM

Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

It is easy to cash out. You can easily transfer it into your bank account and it will automatically will convert into fiat. It is just easy, as easy like you are updating your status in facebook. Grin

Yes, you are right can covert your Bitcoin into Fiat currency by transferring your prescribed exchange and you can withdraw your Fiat currency to your bank account.

That may be true, but you have to give some suggestions also, saying "easy to withdraw to fiat" is so easy lol, mostly it depends on your country, the platform you will use if your country is available to their btc to usd or btc to your local currency. But if not and there's no local exchanges then it might hard to do that.
And you have to show your full details for KYC so you can do that if fiat matters.

traderethereum

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Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

we only need btc to cash out our crypto currencies. when we buying and selling crypto currencies, we are trading in the exchanges, we are trying to get profit and the profit is in btc currency. after we have btc, then we sell into local exchanges or third party services which act as seller and buyer for crypto currencies and then he transfer the money into our account bank and we can get the money. its easy to buying and selling and there is no limits. i think you can found your local exchanges by searching or you can use localbitcoin.com to found recommended seller.

aidaanakida

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Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

in simple way from deposit until witdraw look like this :
your bank --> local exchanger --> crypto exchanger --> Marketplace -->crypto exchanger -->local exchanger --> your bank

patrickj

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Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

Yes it is. From the start, you need to have some wallets like a personal one you use too but its virtual. I'm using virtual wallet that's my country provided so it's easy for me to transfer my money to bank account and other remittances when I needed some. There is a limit in my wallet I'm using, it depends on wallets you're using.

justspare

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Quote from: Sadlife on October 10, 2017, 12:38:34 AM

That depends in your country if they support or some website supports cashing out your crypto currency to your fiat currency like online bitcoin wallet if there is a website that adopted crypto currency in that country and it is an bitcoin wallet or whatever altcoin that it supports usually you can withdraw and convert digital assets through bank, remittance or other methods.

It is good but if you are not able to get what you want to have then it is good to convert your bitcoin to the other wallet the amount of the bitcoin is very important pot have and to invest in the other form of the money. The value of the bitcoin is increasing more and more. The price is high and the use will be easy now than before.

Sasuke102001

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THere are many ways you exchange your bitcoins, there are exchanges that will exchange your bitcoin for you. What I do is I buy in-game items and then sell it in my local currency that can also be done if the amount isn't that big.

lilRoy07

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if you've heard of monaco- it may be worth looking at getting a visa card (when it arrives)

or

Use localbitcoins, and trade out slowly (minimalise loses)

blueteam09

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When you trade a coin at least you have to have some information about it and the most important thing is that you must have some knowledge about analyzing a coin such as candle, see the trend ... These are the minimum requirements when you exchange coin. If you are afraid of anything you do follow me when you place a sale or buy a coin that you set a stop limit if the coin you sell to a certain price will sell you sell Whether it increases or not, and if you buy the price of coin is so high that the market down again you should sell at a loss of 5-10% to preserve your capital avoid the loss of too much. I used to read the good saying: "Before you make a profit, you must find a job to avoid losses"

mkmdoc

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Quote from: eann014 on October 10, 2017, 09:23:29 PM

Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

It is easy to cash out. You can easily transfer it into your bank account and it will automatically will convert into fiat. It is just easy, as easy like you are updating your status in facebook. Grin

Yes, you are right can covert your Bitcoin into Fiat currency by transferring your prescribed exchange and you can withdraw your Fiat currency to your bank account.

eann014

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Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

It is easy to cash out. You can easily transfer it into your bank account and it will automatically will convert into fiat. It is just easy, as easy like you are updating your status in facebook. Grin

UCHCHILD

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Yes, it is easy as cashing out, for example in btc in localbitcoin, there is limit on buying bitcoin at first hand then for your succeding transaction there will be no limit on how much you will buy btc. Transaction is from bank to localbitcoin. That is how I know and how it works in my previous transaction done in localbitcoin and if you want to have it in other coin then just convert your bitcoin to your preferred coin then you have it in few seconds and you are already invested you money into it. As easy as that.

ahmad21

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Quote from: roccstar on October 08, 2017, 11:58:28 PM

Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

At present, there are so many cryptocurrencies available at market. So when you invest or buy any cryptocurrencies, you should invest in cryptocurrency which is of high demand or in the cryptocurrency that you think its good. So there wont be any problem at the time of selling also. To cash out the cryptocurrencies, first you need to convert it into btc in any altcoin exchange like poloniex and transfer that btc into your local bitcoin exchange. That's it.

It depends upon the country you live in and the exchanges it has. Generally all major countries have a few exchanges to get your fiat directly to your bank. Try paypal with coinbase or major exchanges that might also help.

mrcash02

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Quote from: AT101ET on October 09, 2017, 02:48:36 AM

Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

Cash out to BTC or to fiat?
Either way, both are very easy. Most coins/tokens are listed on at least one (usuallly more) exchange(s). When you want to 'cash out' all you have to do is make sure you've got your funds on the exchange and then execute a trade for the current value in BTC.
If you want to cash out to fiat then all you need to do is transfer those coins to an exchange that lets you trade BTC/USD and then withdraw those funds to your account.

There can be limits for cashout in fiat at some exchanges (deposits and cashout in fiat). The one I use is limited, cashout up to X amount of my local currency daily. Also, if you transact big amounts of fiat from BTC deals the government will track your transactions and they may block your account at the bank if there is any suspect about you... I don't know if it happens on all countries, but it's becoming more real each new day.

daserpent

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Its not difficult at all nowadays. You can signup with local exchanges in your country to cashout the bitcoins.

You trade bitcoins or crypto on any world-famous exchanges and then send the bitcoin to your local exchange to cashout to your bank account.

illusioNiZt

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Quote from: Sadlife on October 10, 2017, 12:38:34 AM

That depends in your country if they support or some website supports cashing out your crypto currency to your fiat currency like online bitcoin wallet if there is a website that adopted crypto currency in that country and it is an bitcoin wallet or whatever altcoin that it supports usually you can withdraw and convert digital assets through bank, remittance or other methods.

Even if the alt-coin which he wants to sell is not supported by the country-exchange, he can simply trade them for BTC and trade Bitcoin via exchange.

bubblebit

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Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

None and it only depend of what wallet your using, local bitcoin provider in your respected country has more options of cashing out and lot of services that is available. Like paying SSS contributions and NBI transactions fee.

So before doing opening a wallet it is a must that you have to be observant to other users and they’re review is more important. Take time to research more of what suitable to your needs. I have an account to coinbase but buying and selling is not permitted in my country.

voltesbit777

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Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

It is true that majority of the traders are buying in crypto currencies, because in altcoins it is easy and fast to make profit of bitcoin unlike directly buying in bitcoin which is mostly they hold it in a long term, including myself. And it is easy to cash out our profit into fiat going to our bank account or depending in your merchant where they allowed bitcoin accepted.

Sadlife

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That depends in your country if they support or some website supports cashing out your crypto currency to your fiat currency like online bitcoin wallet if there is a website that adopted crypto currency in that country and it is an bitcoin wallet or whatever altcoin that it supports usually you can withdraw and convert digital assets through bank, remittance or other methods.

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Quote from: Hamphser on October 09, 2017, 03:02:17 PM

Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

That is why theres an exchangers that do exist on the market which is the place you can buy bitcoins or any other coins which been offered by the use of your local fiat either loading up with you credit/debit card.If you dont like to disclose your card details you would still able to buy which you can actually made on localbitcoin which you can make peer 2 peer transactions among other users but be sure not to engage on scammers knowing that there are lots of criminal minds when it comes to money.If you do find out on the things i do mention on here you would really say that this thing are just basics.

I think it is better to send bitcoins to other withdrawing site than directly from that exchange site. But it also depends on what kind of service your country could offer. Because it would take long if from exchange site rather than in online wallets that is directed to banks.

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Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

That is why theres an exchangers that do exist on the market which is the place you can buy bitcoins or any other coins which been offered by the use of your local fiat either loading up with you credit/debit card.If you dont like to disclose your card details you would still able to buy which you can actually made on localbitcoin which you can make peer 2 peer transactions among other users but be sure not to engage on scammers knowing that there are lots of criminal minds when it comes to money.If you do find out on the things i do mention on here you would really say that this thing are just basics.

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