How do we actually cash out of BTC? - page 3.

HalfDeck

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

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

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.

omonuyak

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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.

There are many crytocurrency exchangers platform that you can use to cash out your bitcoin. One of exchanger I use is livecoin.net. The are very good and you can also convert your bitcoin to others crytocurrency like Ethereum, litecoin, ripple, Ethereum classic and Zcash.

aardvark15

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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.

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.

Tamilson

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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.

jabetizo

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Once you want to really cash out you may not need too. Or so I have been told. Tongue

Bagaji

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Although am yet to cash out any of my bitcoin because am a long term investor but if I want to cash out my bitcoin, i will contact any of the local bitcoin exchanger close to my area and get the transaction done base on the amount of Bitcoin i want to cash out. So, you can do the same thing with any local bitcoin or crypto currency exchanger in your country.

exstasie

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Quote from: matthona on August 10, 2017, 06:08:30 AM

I sell my bitcoins on localbitcoins as it is the best place to sell my bitcoins here in my country

I'm seeing less and less Bitcoin-for-cash ads over time, which is all that interests me on Localbitcoins. I prefer to ACH/wire money to an exchange and set limit bids if I'm using electronic payment methods.

Some of the major Localbitcoins traders in my area definitely shut down operations in the past year. I think there is increasing pressure from law enforcement for large traders to register as money service businesses, or otherwise face charges. Over time, this method will get harder and harder to use.

flag39

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You can use waves platform internal exchange. It has a fiat getaway for usd euro but you have to identify yourself and be a citizen of one of the countries listed below.
http://support.wavesplatform.com/topics/1304-list-of-accepted-countries-and-documents-for-verification/

davids

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Have you looked for bitcoin exchange in your country? if available, they usually ask you to include an ID to register and link your bank account. In here can easily convert bitcoin into local currency

marcuslong

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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.

which country you live is the bitcoin there are not supported with your government? because we had already a based wallet for bitcoin that we can easily turn it into cash with in 5 minutes and withdraw it via bank or atm machine

syaripudin

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I use bitcoin wallet as a redeeming tool from BTC to USD, the next step is, sending the full ID address for verification requirement, the inclusion of ID we send is as a rule in order to avoid cheating from people who want to take advantage of the top fiat that we have. After the approval and completion of verification, then I send the account number of the bank that I use, so that the fiat storage we have can directly transfer the account number. I think this is quite easy, and the transfer is not too expensive.

wurth

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Blockchain Just Entered The Real World

In my country have many option for cash out BTC, but I usually find some exchanger can give me good price and sell my Bitcoin to them, receive money via Internet Banking.
Although I still can sell Bitcoin via bot automatic exchange but the price this bot always lower than direct sell to exchanger

PauloRod

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localbitcoin is good for that
Also I ordered some ATM cards: TenX, Cryptopay etc. It's really simple to exchange and fast.

qwertyup23

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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.

Well fortunately for me, my bitcoin wallet offers various options on whether to transfer my BTCs to credited banks in the Philippines and I also have the option to withdraw my bitcoins as fiat in a card-less ATM. There are still many options for me to choose from and varies per wallet. Though the downside is, some transactions have fees but the convenience it provides makes everything worth-it. Another thing, you can view your bitcoin as virtual currency since you can pay your electric bills, or monthly obligations with it, saving your fiat currencies.

assyla

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Quote from: CARrency on August 10, 2017, 02:27:05 AM

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

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

In our country, there is a well known bitcoin wallet, which is the Coins.ph. though I don't recommend you using it because it is an exchanger, you don't hold your private keys there. But when it comes to caahing out your BTCs, they are very efficient and easy.

yeah that's right, there is popular bitcoin wallet in our country, it is known as coins. ph. It is not preferred for the exchanging but it is preferred for the cashing out your money that you earn.

Lady Coquet

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Quote from: CARrency on August 10, 2017, 02:27:05 AM

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

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

In our country, there is a well known bitcoin wallet, which is the Coins.ph. though I don't recommend you using it because it is an exchanger, you don't hold your private keys there. But when it comes to caahing out your BTCs, they are very efficient and easy.

In our country and that is Philippines we use a online wallet called coins.ph which we can cash out our bitcoins when we send it into in the atm machine we can get the money by typing the codes that they just texted to me. In other wallets you can cash out them by putting them in your bank accounts.

NikS13

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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.

I use a Dutch site, because I am Dutch myself
Link: bitonic.nl

btcjocan

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Quote from: Freezingel on August 10, 2017, 09:25:17 AM

Use your country local exchange or local bitcoin and sell it to someone in your country. No need to convert it into alt as it's harder to sell. The bank will ask where you got it if the amount is big though.

We can cash out through the use of wallets. One of which is coins.ph that is realiable and user friendly. First you have to change the currency into your local base in your country. That's too easy and simple transaction because it is cardless. You can transact only one particular bank or send out through money express that is convenient to the wallet.

Vasilije69

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Well, you have Bitcoin ATM-s for that. Every bigger city has at least couple of them. There are different types of them, but, don't worry, usually there is user manual on it.

RodeoX

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The revolution will be monetized!

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

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