How do we actually cash out of BTC? - page 2.

mirakal

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Quote from: albert11 on August 16, 2017, 10:31:30 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.

albert11

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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.

harizen

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Quote from: hous26 on August 09, 2017, 11:18:38 PM

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?

SirPereira

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If you are not aware of, you can transfer the funds to Coinbase, associate your bank account and withdraw it directly to it.

Seems to take 3-4 days to process it but seems like a very straight process.

pisston

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Quote from: btcjocan on August 16, 2017, 05:43:44 PM

Quote from: BobBct on August 16, 2017, 05:12:57 PM

BTC has a very long proccess to cash out if, if you just have BTC and want to cash out simply send your BTC address to the wallet you are using to receive the BTC.

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It's a different story on me here with my country now, so my wallet has the options to directly sell your btc into fiat cash amount, and cash it out to easily through the recommended bank affiliated with the online wallet site. Since from the beginning I am into this bitcoin income I am using this type of transactions, and how awesome comfort it provided me as well.

Despite the fact that I probably lose a lot on the percentage, But I found a very good and quick cashing out Bitcoin. I take out Bitcoin on the WebMoney purse and already there I make an exchange for the currency that I need. And already with WebMoney the conclusion on any bank card. This process is quite fast.

btcjocan

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Quote from: BobBct on August 16, 2017, 05:12:57 PM

BTC has a very long proccess to cash out if, if you just have BTC and want to cash out simply send your BTC address to the wallet you are using to receive the BTC.

It's a different story on me here with my country now, so my wallet has the options to directly sell your btc into fiat cash amount, and cash it out to easily through the recommended bank affiliated with the online wallet site. Since from the beginning I am into this bitcoin income I am using this type of transactions, and how awesome comfort it provided me as well.

BobBct

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BTC has a very long proccess to cash out if, if you just have BTC and want to cash out simply send your BTC address to the wallet you are using to receive the BTC.

bgaf

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Quote from: hous26 on August 09, 2017, 11:18:38 PM

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

Here in Philippines bitcoins is not hard to cash out our bitcoin we used local wallet of bitcoin coins.ph then if i want to convert my bitcoin into cash its really convenient. I cash out it on remittances or bank. That is the best way i converted my bitcoin.

Aamir1

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Turning bitcoins to USD is not a really big deal i guess, but you are probably asking for how to cash them out in the sense of turning them into fiat, because you can easily turn your bitcoins into USD from any bitcoin exchange but they wont send them to you then. So, i would suggest you to use Localbitcoins.com for that purpose, as you can sell your bitcoins to someone there and they will give you fiat in exchange for that.

lovesybitz

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Quote from: hous26 on August 09, 2017, 11:18:38 PM

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

I think that would be depend of the country you are residing it mate. Like here in my place I can actually cash out my bitcoinBTC through using coins.ph to convert it into my currency. So, I think in the other country you can encash it in any exchange were it has a service that they can cashing out your bitcoin to usd.

flower1024

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Quote from: TexasHuck on August 14, 2017, 10:20:08 PM

You can locate a Bitcoin ATM in your area. If you are not sure, you can Google Bitcoin ATM and look under maps. You should see the closest one to you.

Bitcoin ATM's are not available in all country my mate. Only in a limited place, we have this facility. I think if you live in Singapore you have this option to withdraw your BTC in ATM. Other country details I don't know, better you can use the local exchange site to convert your BTC to USD. This is the best and simple option.

nexus99

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Just look for people that are willing to buy on Localbitcoins. Never faced any problems with that

BobBct

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Turning BTC to USD has many stages,
#1 Transfer you Coins/Tokens to your preferred trading site.
#2 Then sell it in that site.
#3 When you have USD transfer it to your wallet
#4 Use a wallet that you can take out your money (in the Philippines we use Coins.ph)

Hope i helped you. Grin

TexasHuck

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You can locate a Bitcoin ATM in your area. If you are not sure, you can Google Bitcoin ATM and look under maps. You should see the closest one to you.

ss890

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Quote from: hous26 on August 09, 2017, 11:18:38 PM

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

I think you asking that, how does the conversion of bitcoin occurs to fiat currency as the bitcoin is virtual and has o physical presence? If so then there is one thing called as "valuable assets". Now you see, over the time bitcoin has been added up with lots of money, if you buy bitcoin then you actually exchange your real paper money and pass it on to the exchanger to wallets. These wallets then assign you equivalent bitcoin which are nothing but the bunch of algorithms. As you have passed on USD they actually have that value in them virtually.

When you cash out or exchange the bitcoin with fiat then exactly reverse happens and this time wallets will be buying your bitcoins for that much USD price and thus keeping the same balance. Thats the meaning of converting BTC into USD.

cpfreeplz

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Quote from: botany on August 09, 2017, 11:35:40 PM

Quote from: hous26 on August 09, 2017, 11:18:38 PM

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

If you are prepared to pseudonymity and pay your taxes, you can go to any exchange in your country.
Otherwise, just wait until bitcoins are so widely accepted that you don't have to touch fiat at all.

That's my goal. I rarely spend any bitcoins, only in an emergency. These are for my retirement and if they end up being worthless it's okay because I have other investments for retirement too.

Go through localbitcoins if you want cash. Or you could always just post an add on craigslist.

BobbyJo

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This really depends on whether you have made profits. If you have and are happy to pay taxes, use an exchange. You'll lose a percentage in costs and possibly exchange costs if USD is not your currency but will be liable for taxes (if applicable). Alternatively, use local bitcoins, Purse.io (for Amazon purchases), bitcoin credit cards etc. Many ways to skin a cat.

bitbunnny

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The number of different services which help you to cash out bitcoins is more diverse every day. You can choosw among different exchangers, debit cards, places like localbitcoins or even this forum. You just have to be careful to choose the best option that will not cost you much.

n0ne

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Quote from: HalfDeck on August 11, 2017, 11:37:27 AM

Quote from: aardvark15 on August 11, 2017, 10:53:28 AM

Quote from: hous26 on August 09, 2017, 11:18:38 PM

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

The way I've done this is to send Bitcoins to Coinbase and then sell Bitcoins for US dollars and they sent the money to my bank account. You would need to have your bank account linked to Coinbase though. I would convert the altcoins to Bitcoins on an exchange before sending to Coinbase.

An alternative is to use localbitcoins or just find a friend that is willing to buy your Bitcoins for cash.

In my country can't sell Bitcoin on Coinbase (GDAX market) because they limit us.
So we only can cash out BTC to FIAT via exchanger in my country or find buyer on localbitcoins.

Cashing out btc is quiet an easier task due to the existence of more and more trading websites that give different ways to convert bitcoin to fiat and withdraw. Personally in my country localbitcoins is the only website that's been preferred by majority of the bitcoin users.

co0ler

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Quote from: HalfDeck on August 11, 2017, 11:37:27 AM

Quote from: aardvark15 on August 11, 2017, 10:53:28 AM

Quote from: hous26 on August 09, 2017, 11:18:38 PM

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

The way I've done this is to send Bitcoins to Coinbase and then sell Bitcoins for US dollars and they sent the money to my bank account. You would need to have your bank account linked to Coinbase though. I would convert the altcoins to Bitcoins on an exchange before sending to Coinbase.

An alternative is to use localbitcoins or just find a friend that is willing to buy your Bitcoins for cash.

In my country can't sell Bitcoin on Coinbase (GDAX market) because they limit us.
So we only can cash out BTC to FIAT via exchanger in my country or find buyer on localbitcoins.

You could also cash out using a Bitcoin Debit card, but you have to be very careful to choose a service with low fees.

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