How do we actually cash out of BTC? | Bitcointalksearch.org

betlord90

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Quote from: webdevmastery on August 31, 2017, 10:32:38 PM

Quote from: harizen on August 16, 2017, 07:21:46 PM

Quote from: hous26 on August 10, 2017, 12:18:38 AM

Or any alt-coins? Meaning, turn our BTC into USD.

We have different ways depends on location and accessibility.

First look first at exchanges where your country is supported. After that check and test it. The instuctions of how things should be done will be listed on that exchange. Ok to minimize your work, in what country you from?

I usually hold my coins through ether wallet but it will depends on what type of coin your going to earn through campaigns, The wallet that you are going to use will depend on what kind of coin you are going to be paid of either you join signature campaigns or fb or twitter. Here in the philippines we use coins.ph to exchange btc to real cash, Try to check that out it might be useful for you.

Coins.ph is the very useful wallet here in the philippines and It enable us to withdraw our btc earnings on different banks available. But this wallet is only applicable on philippines and maybe OP should seek for web wallet who's available to his country so that he can execute a convenient cashout methods.

Armstand

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Quote from: Tamilson on August 11, 2017, 10:39:31 AM

Quote from: RodeoX on August 10, 2017, 09:29:26 AM

Why on Earth would I trade BTC for dollars? Bitcoin IS cash and trading with me means using bitcoin.

Well maybe OP wants to exchange his btc to usd because or maybe he needed some fiat. Like of course if he didn't needed fiat he wouldn't convert it. Holding now your coins will really make you some fortune for the upcoming years.

Considering the btc value goes to the moon by these year, let's hope some alts too. So we can cashout some thru exchanges or thru apps that applicable in cashing out via banks.

webdevmastery

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Quote from: harizen on August 16, 2017, 07:21:46 PM

Quote from: hous26 on August 10, 2017, 12:18:38 AM

Or any alt-coins? Meaning, turn our BTC into USD.

We have different ways depends on location and accessibility.

First look first at exchanges where your country is supported. After that check and test it. The instuctions of how things should be done will be listed on that exchange. Ok to minimize your work, in what country you from?

I usually hold my coins through ether wallet but it will depends on what type of coin your going to earn through campaigns, The wallet that you are going to use will depend on what kind of coin you are going to be paid of either you join signature campaigns or fb or twitter. Here in the philippines we use coins.ph to exchange btc to real cash, Try to check that out it might be useful for you.

Casabrandy

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Quote from: Alice Nuttal on August 31, 2017, 10:22:08 AM

Quote from: hous26 on August 10, 2017, 12:18:38 AM

Or any alt-coins? Meaning, turn our BTC into USD.

Usually by selling it on exchange or cashing it out through ATMs. In fact there are not so many bitcoin ATMs now. So, the most viable option is to use an exchange, but it would better be a tested one. I personally use cex.io and I find it all right, although the opinions about it differ.

In our country it's easy to cash out since there are banks who accepts it through bank application relating into different banks. This helps alot for there are no fees that will deduct when I cashout and it can be done instantly.

Alice Nuttal

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Quote from: hous26 on August 10, 2017, 12:18:38 AM

Or any alt-coins? Meaning, turn our BTC into USD.

Usually by selling it on exchange or cashing it out through ATMs. In fact there are not so many bitcoin ATMs now. So, the most viable option is to use an exchange, but it would better be a tested one. I personally use cex.io and I find it all right, although the opinions about it differ.

rocketbits

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Quote from: hous26 on August 10, 2017, 12:18:38 AM

Or any alt-coins? Meaning, turn our BTC into USD.

Cashing out bitcoin directly can be hard sometimes, so all I do is just look for guys who want to buy bitcoin and sell the coin to them since they have real cash to pay me with am good with that.

cpfreeplz

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Quote from: Sled on August 26, 2017, 09:26:40 PM

I have an online wallet that is linked or connected to my bank account and because of that, it is very easy for me to just transfer money to that bank account and cash out my money. I also have a friend that is a buyer of bitcoin and i also sell bitcoin to him so i will get my cash in an instant process.

You're lucky you have someone irl you can just swap currencies with. That must be really handy. I'd suggest getting your coins out of any shitty old uninsured Web wallet though. They're all complete crap. The bitcoin protocol is a bank. You don't need someone else to hold you money. You're using it wrong.

Sled

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I have an online wallet that is linked or connected to my bank account and because of that, it is very easy for me to just transfer money to that bank account and cash out my money. I also have a friend that is a buyer of bitcoin and i also sell bitcoin to him so i will get my cash in an instant process.

CoinOp

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I've used localbitcoin and can exchange it for different types of bank money or Western Union/ MoneyGram.

Superzpay

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Quote from: garmerys on August 24, 2017, 04:27:30 AM

I’ve never really cashed out bitcoin directly, all I do is to sell to people who need it for a service and I
receive real raw cash from them. Though there are exchangers online who would exchange your bitcoin for money.

Yes online exchangers are there to change your BTC in USD. But it is quite good approach if you sell you BTC at high price to any client that need service and get cash in hands as said here. That will be more suitable to you as the exchangers have to get their part too so go for selling of bitcoins.

Victorycoin

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The high transaction fees and delays got me wearing my thinking cap and have some ways to employ altcoins and transverse to a game site that takes relatively cheaper rate for priority transaction and it has been working for me for months. However with segwit activation, we can expect the high transaction fees and delays in confirmation time to be appreciably reduced a little while from now.

Bellator

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Quote from: Insanerman on August 24, 2017, 06:44:27 AM

Quote from: arwin100 on August 17, 2017, 01:16:59 AM

Bitcoins fame has getting more fame on philippines and we've got so many choices on how to cashout our money here and I've already see some store In davao city accepting btc as there payment option. And the best thing he can do is to open an Dollar account in his local banks so that he can easily transfer his btc balance on his own account without getting hassle on processing it.

Correct, and its very easy in Philippines to cash out bitcoins. There is even a free service (no charge) like the egivecash where you can withdraw your money in ATM without an atm card or cardless. Also, free if you direct deposit your money to your bank account using coins.ph

Amazing! How I wish that it would also be like that in my city. How did it happen to your city since I'm also from the same country you belong. So is the mayor in Davao is open for that modes of payments as well since there is no irregularities that is happening in your place. I'm just dumbfounded that it is acceptable. I envy your place because it's not yet accepted here but I'm using wallets to cash out my bitcoin because it is user friendly maybe you also use the same wallet as mine. Anyway, I'm hoping for the possible change in my place so that it will be easier for me to purchase some goods using btc in every shopping malls that I will visit soon.

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Quote from: Denamen on August 24, 2017, 09:14:23 AM

depend on ur country u live... u can withdraw from some exchange to your bank or try to sell some local people on ur country

The same is with altcoins, yesterday I received mail from one site that offers exchanging bitcoin for my currency and revers. From couple days ago they added eth, now I can buy and say ETH in their site. If you are not registered 10% fee, if you are then 5%. I think they work with litecoins too, and that is one of the way for me to exchange this three coins for cash in my currency.
From last year I can use one bank for cashing out my currency, dollars and euros, banks have their own tricks so cashing out in euros is with lowest fees.
Thus is how it works in my country, like you said every country have different ways for cashing out and how it goes depends from place to place. Better ask this in local section, find your county and ask friends there how they do it.

Denamen

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depend on ur country u live... u can withdraw from some exchange to your bank or try to sell some local people on ur country

Insanerman

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Quote from: arwin100 on August 17, 2017, 01:16:59 AM

Bitcoins fame has getting more fame on philippines and we've got so many choices on how to cashout our money here and I've already see some store In davao city accepting btc as there payment option. And the best thing he can do is to open an Dollar account in his local banks so that he can easily transfer his btc balance on his own account without getting hassle on processing it.

Correct, and its very easy in Philippines to cash out bitcoins. There is even a free service (no charge) like the egivecash where you can withdraw your money in ATM without an atm card or cardless. Also, free if you direct deposit your money to your bank account using coins.ph

pjwaffle

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now only find on local who want buy crypto coin.. when btc-e live u can withdraw from them but it's dead

garmerys

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I’ve never really cashed out bitcoin directly, all I do is to sell to people who need it for a service and I
receive real raw cash from them. Though there are exchangers online who would exchange your bitcoin for money.

Nivir

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From exchange sites then transfer it to your local exchanges to convert it to USD. There is I think a tutorial in youtube on how to do it if you are not that familiar or google them to let you know how too.

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Quote from: mirakal on August 17, 2017, 01:07:40 AM

Quote from: albert11 on August 16, 2017, 11:31:30 PM

Here in our country there is a Bitcoins company that you can withdraw your bitcoins to PHP / Phillipine Money. And it's very easy and very nice. So it's easy for us to get money and get out. And the most beautiful thing is instantly withdrawing it. You can buy mobile load and shopping online.

This is Available in Thailand and Phillipines as I know it.

Philippines is a small country but bitcoin is starting to be popular in the Philippines so exchanges are surely making money and they have to give the best service to the people in order to stay in the competition. If there is no exchanges yet in your country now, for sure there will be a capitalist to start a exchange site because it's so profitable and they will surely take that opportunity to be part of the growing market.

Bitcoins fame has getting more fame on philippines and we've got so many choices on how to cashout our money here and I've already see some store In davao city accepting btc as there payment option. And the best thing he can do is to open an Dollar account in his local banks so that he can easily transfer his btc balance on his own account without getting hassle on processing it.

crairezx20

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Quote from: mirakal on August 17, 2017, 01:07:40 AM

Quote from: albert11 on August 16, 2017, 11:31:30 PM

Here in our country there is a Bitcoins company that you can withdraw your bitcoins to PHP / Phillipine Money. And it's very easy and very nice. So it's easy for us to get money and get out. And the most beautiful thing is instantly withdrawing it. You can buy mobile load and shopping online.

This is Available in Thailand and Phillipines as I know it.

Philippines is a small country but bitcoin is starting to be popular in the Philippines so exchanges are surely making money and they have to give the best service to the people in order to stay in the competition. If there is no exchanges yet in your country now, for sure there will be a capitalist to start a exchange site because it's so profitable and they will surely take that opportunity to be part of the growing market.

If you are talking about that there is no exchange site coins.ph is the place for philippines where you can withdraw all of your bitcoin instantly but it needs to verify your ID first before you can request instant withdrawal there is a limit of withdrawal i think 1 btc is their limit but if you can also verify your location you can increase the limit..
The good thing to withdraw in coins.ph they are already a building here in philippines so i think they can be trusted and also the rate of their exchange are less than to the big exchange site.. so i think we don't need any alternative or any other exchange site to use .. because mostly people are using coins.ph.. because any services is there like paying monthly bills like water, internet and electricity bills. .and you can also shop online using their service and any other services that i think you can be stay and use your bitcoin in that site..

Topic: How do we actually cash out of BTC? (Read 2515 times)