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.

Barbut

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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.

arwin100

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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..

mirakal

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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.

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 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?

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, 06:43:44 PM

Quote from: BobBct on August 16, 2017, 06:12:57 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.

Y
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, 06:12:57 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 10, 2017, 12:18:38 AM

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 10, 2017, 12:18:38 AM

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.

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Quote from: TexasHuck on August 14, 2017, 11:20:08 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 10, 2017, 12:18:38 AM

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 10, 2017, 12:35:40 AM

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

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, 12:37:27 PM

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.

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, 12:37:27 PM

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.

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

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

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

Freezingel

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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.

kimpena

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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, in our country, we use the coins.ph as my bitcoin wallet where i put all my bitcoins. This wallet can also convert bitcoin into philippine peso. Then after converting bitcoin into philippine peso we cash out money in a specific that is credited by the coins.ph. I withdrew my money thru atm machine, cardless. It can also be cash out in other stores accredited by the coins.ph but me, I usually withdrew in atm machine, its easier for me.

jtipt

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Quote from: Sumaiya55 on August 10, 2017, 03:10:01 AM

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

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

Go to Localbitcoins.com and sell your bitcoins for your local currency and receive them directly to your bank account. I couldn't find an easier way to cash out my bitcoins to my local currency than Localbitcoins.com. You should give it a try. I never faced any problems with it.

Yeah OP, if you want to cash out then this is probably the best and easiest way to do it. But I am suggesting you to not cash out BTC, as you can see its price is increasing and well it doesn't seem like it will stop anytime soon.

farhaan

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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.

Just use localbitcoins.com to turn your cash in to fiat.Its available in almost 150 countries.So,you would not be countering any difficulty in using localbitcoins.Just become a membr of it and send your bitcoins to the wallet address they provide and sell your bitcoins for good price.

joseafonso123az

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cryptocurrencies are to be used digitally, that's why they are inside the called cashless society. You can however, exchange them in exchangers lke localbitcoins, I guess coinbase also allows for some countries, if you provide your documentation.

jualidbitmixer

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Activity: 532

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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.

It's different for every people, some people use localbitcoin and coinbase but i'm using my local exchanger to cash out my bitcoin into fiat. What country do you live ? If you live in USA, you can easily use coinbase to cash out your bitcoin into USD or using bitcoin ATM but the fee is so damn ridiculous big.

rayk

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There is actually now way to get rid of taxes, even you cash out bitcoin as cash via localbitcoin, when you buy something big with cash money, the source of money can be asked anytime through authorities.

Apes

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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.

Indeed in your country there no exchange web market BTC to USD? Already some countries accept exchange like a singapore I've seen news on some web about singapore that has made BTC atm machine to USD well as some other countries that have claimed btc atm machine too

rivoke

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I'm usually turn my bitcoin into my local currency , usually using local exchanger which easier for me to convert my bits every time
I'm pretty sure that every country have their own local exchanger so people can convert their own money much easier

matthona

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Bitcointalk.org

I sell my bitcoins on localbitcoins as it is the best place to sell my bitcoins here in my country as I prefer to get money into my bank account and the process is very simple and within 10 to 15 minutes the money gets credited to my bank account.

chocolah29

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Well here in my country that is not a problem.
We have this wallet called coins.ph and cashing out without tax is no problem. You just need to send them some ID's for verification. This is an online wallet so storing huge amount of coins here are not advisable. I just use it as an exchanger and for cashing out. Hope your country will have like this too. Grin

Celsiuss

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There are several exchanges depending on how you want to receive your USD. You can also sell to individual people on say localbitcoin. If you're lucky there may just be a bitcoin atm nearby that allows withdrawals in cash.

kryptqnick

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As dollar is not used much in my country, one can exchange bitcoins for local fiat. Although Ukraine is a developing country, it is surprisingly easy to cash out btc here. Of course there are sites where you have to provide your ID, photograph and other unpleasant things. The money you will lose while converting is insignificant. I guess you can meet people and do the exchange via localbitcoins in big cities, but I don't enjoy dealing with strangers and meeting people in general, so I choose the 3rd option. That is an online exchange on a website which doesn't need any info from you apart from a debit card number and email. The fee will make you lose about 1-5% of what you withdraw but it's safe, fast and reliable.

cafucafucafu

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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.

What do you mean alt coins, if you want to cash out there are heaps of ways and they are all pretty simple and barely need any forrm of ID. On localbitcoin you can find a seller who is interested in selling Bitcoin for cash, bank transfer or any other payment method. When making a transaction on localbitcoin I would recommend only selling/buying off people who seems to have good trust. Localbitcoin will be your escrow so only release the bitcoins when you know you have been paid.

Sumaiya55

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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.

Go to Localbitcoins.com and sell your bitcoins for your local currency and receive them directly to your bank account. I couldn't find an easier way to cash out my bitcoins to my local currency than Localbitcoins.com. You should give it a try. I never faced any problems with it.

exstasie

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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.

Haven't you ever seen that Morpheus/Neo meme? The point is to hodl your coins, not until a certain price point is reached, but until you don't have to cash out at all. By that point, everyone will accept BTC, and you won't need to touch USD.

Otherwise, go the conventional route: send your coins to an exchange, verify your identity, send out bank wires and make sure that your taxes are in order.

Kakmakr

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The idea is not to "cash out" to cash but to rather use the currency to make online payments or to use it at your local stores that accept Bitcoin. If you have to cash out, you can register with a Bitcoin exchange and then link you bank account to this exchange and then sell the BTC for fiat and then withdraw it to your bank account.

We want to avoid "cashing out" at all cost and rather stimulate the network by using it daily for BTC payments. This will increase merchant adoption, if people demand to pay in Bitcoin. ^smile^

btc78

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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.

Go register to a exchanges and submit all necessary documentation and wait for them to processed it. Once they confirmed your account then you can transfer your bitcoin to that exchange then convert it to USD. Or just used localbitcoins and try to meet someone that will purchase your BTC into USD.

ReindeerOnMe

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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.

That is right, coins.ph offer an efficient way of cashing out your bitcoins into fiats through banks, cash pickups, they even offer game credits. And also, coins.ph is not the known site there, there is also rebit.ph. For me, the difference of these two is that rebit has higher cash out than coins.

CARrency

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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.

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.

fanbeila

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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 is no need to convert your bitcoins in to any altcoins.You could just use localbitcoins.com for that.Just create an account in localbitcoins.They would give you a bitcoin wallet.Just send your bitcoins to that bitcoin address.Sell your bitcoins to any person whose rate is good and give your bank account name so that they would immediately send USD to your bank account.

botany

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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.

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.

hous26

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

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