Topic: How Do You Cashout BitCoins? - page 18. (Read 3711 times)
Through Coins.ph, I can cash out my BTC to physical money however using Coins.ph requires your verification to allow you to cash-out from your account. It requires at least 1 government issued ID and prove that you're the owner of it.
There are other exchanges which do the converting for you. Coinbase, Gemini, Bitpanda, Bitstamp are just a few which you can sell your bitcoins and they can pay you in fiat money through bank transfer or different payment processors, like Paypal,Skrill,Neteller etc.
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.the banks in my country are actually scrambling to have access to exchange sites. Because they see the potential of large funds and potential transactions are not small as well. This is because the ratio of credit in banking is very higher than the ratio of available funds. so, they desperately need the supply of funds from other elements. For OP issues, I recommend using an exchange site that provides currency exchanges and is not too complicated in terms of account verification. I would suggest Hitbtc.
How to cashout Bitcoin depends on your country. Like in our country there are some authorized or legit merchants. You have to convert it on your own currency then there are many options on how you can exchange it and convert it into cash. Example is bank..if you have bank accounts some of the banks are accepting fund transfer through the used of your channel like COINS. Some used E-wallet using Autoload phones and Atms...etc.
Here in our country (Philippines), I used a digital wallet which is widely used by others.I think this became popular because it is a wallet that do not only support Peso (our currency) but also bitcoins and the good thing is you can directly convert btc to peso or vice versa. Another thing, you can not only withdraw your earnings through banks but also remittance centers that's why this is very convenient and user friendly especially to a student like me.
In your case, use an exchanger of btc to currency you used since you don't have a wallet like I'm using.
In your case, use an exchanger of btc to currency you used since you don't have a wallet like I'm using.
In my country Indonesia, there are exchangers that provide Bitcoin exchange to IDR (Indonesia Rupiah). This certainly makes it easier for me and other Bitcoin Indonesia users, to cash out Bitcoin into local currency whenever and wherever.
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.
you can used your local wallet accepting the online exchange thru banking transactions and you can convert your bitcoin into fiat cash money become usd and to the other country same procedure for any local fiat currency if the bitcoin have available money changer accepting bitcoin in your location.
I am using an online wallet the feature a money cash out. It is called coins.ph. I don't need to convert my bitcoins into our currency it can be directly cashed-out via remittance center, ATM and cardless ATM.
I cash out my bitcoin thru our local wallet or sometimes i cash out it thru load. I'm happy because there are many ways to cash out our bitcoins here in our place but it needs our account to be verified to perform cash out.
Of-course why wouldn't I. If you made many times more you would surely cash out parts of it. Atleast to get your initial investment or something out of this, to sleep well at night.
Coinbase - This is a trustworthy, safe place where you can sell Bitcoins for a reasonable price. Even though they levy a percentage of commission yet it is safe without any risks. You can go the wallet and select the number of Bitcoins you intend to sell. Once you confirm the amount would be sent to your bank which is being registered on Coinbase.
you should look for an exchanger like BTC-e because there also receive major currencies. My Kraken as well. But keep in mind, for a certain number of transactions you must verify your account with valid data for your transaction to be approved.
so far maybe localbitcoin is the best solution for exchange of bitcoin to local fiat currency, and every country in general there is localbitcoin which has function to exchange from fiat currency to bitcoin
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.
if i want to cash out my bitcoin i will send it to local exchanges in my country which definitely any bitcoin exchange to fiat. try to searching if in your country there are any local exchanges or you can sell your bitcoin at localbitcoin.
I used a local wallet here in our country were there are a lots of method of I can cash out it. So I think it would probably depends on where country you are. Better to search for a local wallet in your country and see were would you fit to cash it out. There are a lot of applications there just seek around.
You can even get pre paid debit cards that accept bitcoin, then you can convert to usd, eur, gpb and spend as normal..
there are many ways convert Bitcoins for cash. There are usually exchange in every country. it allows us to convert our bitcoin into local currency
If you want to convert the Bitcoin to USD you can use Coinbase.it very easy to use
If you want to convert the Bitcoin to USD you can use Coinbase.it very easy to use
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.
Hey mate, it depends on where you are from and your local exchange. Most of my withdrawals are in this process; Bitcoins on my wallet are sent to our local exchanges and from there I sent it into remittance and that's the time I have to get my money and just make sure if you are doing like this please don't forget to bring identification cards if ever the teller ask for it but I know they really are since it is required in doing such transactions. If you are planning to cashout altcoins it has the same process but you must convert your alts into Bitcoin first before doing the said guide listed above.
As i know that some exchanges provide withdraw into fiat money like usd or euro.
i have some btc add and mytherwallet too !! once i want it to be on fiat i just deposit bitcoins to my coins.ph then withdraw it on some bank or cash pickup outlets ! but for now all my bitcoins are on coins.ph converted to cash and py my bills and other's bill too ! and get their cash 
Well I can easily cashout My Bitcoin in local currency by depositing my all Bitcoin in exchange and find the best deal and trade them for Bitcoins, Or I use localbitcoin the best and safest website but the fee is really high there, So I suggest you should always try your local exchanges for trading Bitcoins.
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