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Topic: How Do You Cashout BitCoins? (Read 3695 times)

sr. member
Activity: 658
Merit: 253
April 29, 2018, 03:18:58 PM
There are many ways to cash out Bitcoins, all depending on the country where you prozhivate and what site you use for trading, all individually.
hero member
Activity: 3052
Merit: 651
April 29, 2018, 03:09:37 PM

through localbitcoin

Looks like there is still some lacking when it comes to cashing out and localbitcoin and still the mostly answered here.
Maybe a business like that is hard to make profit with thinking you are leaning on how much the bitcoin market would be.

I am also using this when I really need the fiat but it would be better to minimize the number of the sold bitcoin as always.
Someday it will grow like nobody expects it and will be more valuable than the fiat we are using now.
legendary
Activity: 1092
Merit: 1001
April 29, 2018, 03:07:41 PM
I am using a lot of websites in order to exchange bitcoins for fiat.. It is easy, i just sell it to a buyer and it is done.

It is full of local buyers here in my city, they all are desperated to buy some coins.
member
Activity: 131
Merit: 10
April 29, 2018, 03:00:11 PM
I'm using coins.oh wallet,its very convenient and easy to transact either cash out or cash in and many entities inside the wallet that you can transact also like billing payment, bank deposit, online shopping etc.
newbie
Activity: 38
Merit: 0
April 29, 2018, 02:06:37 PM

through localbitcoin
copper member
Activity: 125
Merit: 13
https://medium.com/@ridhataqo
April 29, 2018, 01:43:03 PM
i use localbitcoins & coinsph to cashout, or just ask my friend to cash it out for me.
easy and no hassle at all.

i hope we will soon ditch fiat, so we can use bitcoin to its full potential.
cashless society ftw!
newbie
Activity: 28
Merit: 0
April 29, 2018, 12:38:58 PM
Yes Bitcoin is being too much used on almost all the exchanges. Now when I was new to Bitcoin and have no bank account I use to transfer all my coins to my local trader which I have found from local Bitcoin site and since then I used him for trades. So now I have got a bank account and so he sends my Bitcoin directly to my bank account.When you send your fiat to your bank account, try a smaller amount first, some banks in the EU are starting to stop transfers coming from Crypto exchanges, and sending back it to the exchange. You can search for the name of your bank in the forum to check if there were any problems when others were wiring back funds from exchanges.


newbie
Activity: 238
Merit: 0
April 29, 2018, 12:37:20 PM
There are certain websites where you can trade Bitcoin with people or trade it to another digital format. You can also use coinbase to cash out to USD.
newbie
Activity: 154
Merit: 0
April 29, 2018, 12:33:24 PM
for indonesian, I use indodax and Luno to sell my coins to IDR and then I withdraw it to my bank account. in indodax you also can transfer your money to foreign bank. but for USD, you can use localbitcoins.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
April 29, 2018, 12:27:14 PM
At the begininig I was often using localbitcoins. I have good experiences and if you find trusted seller there this could be the most convenient and the easiest way to cash out Bitcoin on various options.
But since Bitcoin debit cards appeared I use only that, both for paying or for cash out at the ATM. Currently this is the fastes and the most convenient way for me.
full member
Activity: 208
Merit: 100
April 29, 2018, 12:22:38 PM
Hello, i'm kind of new into crypto currency, I am currently trading on few exchanges. But i noticed all of the exchanges use bitcoin to deposit and withdraw, also no matter what coin you trade use bitcoins. So when you decide to withdraw your bitcoin and convert to USD, how do you go it? I don't see any option in any exchange, which is very weird.

After you convert it to USD you can wire it to your bank account with your local currency.
newbie
Activity: 66
Merit: 0
April 29, 2018, 12:17:51 PM
With the help of wallets and exchanges, I am able to cash out bitcoins. Maybe in the future too mich fees in converting bitcoins will be lessen and bitcoin can be used anytime anywhere someday.
full member
Activity: 701
Merit: 136
XAYA - THE ULTIMATE BLOCKCHAIN GAMING PLATFORM
April 29, 2018, 12:07:22 PM
Actually, i never cashed out any of my cryptocurrencies. Why? Because i want more. So i even dont know how and where to cash out. So i just heared about people who cashed out on different exchanges. But for me it will take some years before i cash out, if i will ever cash out before it will everything be without any value Grin But i think the most exchanges who trade with fiat currencys can transfer you money to your bank account. So i dont have to worry to find any exchange who will cash out.
full member
Activity: 504
Merit: 102
April 29, 2018, 11:54:46 AM
Hello, i'm kind of new into crypto currency, I am currently trading on few exchanges. But i noticed all of the exchanges use bitcoin to deposit and withdraw, also no matter what coin you trade use bitcoins. So when you decide to withdraw your bitcoin and convert to USD, how do you go it? I don't see any option in any exchange, which is very weird.

We usually do not try to spend our Bitcoins in a useless way because I think losing a Bitcoin is now so expensive and we are currently accumulating it since it since bull run is starting to happen any time now.
member
Activity: 350
Merit: 10
April 29, 2018, 11:52:21 AM
after trading you want to You can use Coinbase to convert your bitcoin into US dollars and transfer it into your bank account. But, for my I used to transfer my bitcoin into my index account which is I can sell bitcoin into my local fiat currency (IDR) and then i can transfer it into my bank account.
full member
Activity: 560
Merit: 108
April 29, 2018, 10:03:01 AM
You can use Coinbase to convert your bitcoin into US dollars and transfer it into your bank account. But, for my I used to transfer my bitcoin into my indodax account which is I can sell bitcoin into my local fiat currency (IDR) and then i can transfer it into my bank account.
member
Activity: 252
Merit: 10
April 29, 2018, 09:53:37 AM
Since I started working in bitcoin, I used local division to sell my Bitcoin.
I think this is a convenient and safe way to sell Bitcoin. And the money sold will be transferred to my bank account and deposited. Later, I collected money from the bank account.
hero member
Activity: 658
Merit: 505
April 29, 2018, 09:49:19 AM
From what I know, there are different regulations and laws for exchanges in different countries, so better know the regulations and laws from where you are, just to be safe. To answer your question as to how I do my cashout, well I use my wallet app, coins.ph it is very user friendly and there are a lot more things you can do with it like buy phone load as well as to load your beep card and stuff, but most of all it can help me cashout, convert my coins into fiat and I canwithdraw it from an ATM here. Easy peasy right?
jr. member
Activity: 154
Merit: 1
April 29, 2018, 09:48:09 AM
In philippines, very common method to cash out through ATM and pawnshops. Famous bitcoin wallet in philippines is COINS.PH. This wallet has php wallet and btc wallet and in their latest update,they added eth. I converted my btc into my php wallet and i can widraw through a cardless atm(bank) or through pawnshops.


This same as what you did. COINS.PH is legally use here in the Philippines and it is the only application which recieve either bitcoin or etherium.
newbie
Activity: 210
Merit: 0
April 29, 2018, 09:40:14 AM
In philippines, very common method to cash out through ATM and pawnshops. Famous bitcoin wallet in philippines is COINS.PH. This wallet has php wallet and btc wallet and in their latest update,they added eth. I converted my btc into my php wallet and i can widraw through a cardless atm(bank) or through pawnshops.
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