i rarely "cash=out" from bitcoin. i am in it for the long haul and i even have been keeping my profit in bitcoin. meaning every time i make trade using bitcoin fluctuations or trade altcoins to make profit, i end up having more bitcoin not more fiat. and when bitcoin goes down i buy even more to have more bitcoin.
i believe in much higher prices which means selling at 5k, 6k, 10k is like losing a large amount of money.
but to answer your question, on those rare occasions i sell bitcoin, i sell it to those who want to buy. meaning p2p but not to those who buy and sell, but just are looking to buy so i can get a better deal.
Topic: How Do You Cashout BitCoins? - page 21. (Read 3711 times)
There are several ways to cash out BTC to USD.
You can use coinbase for converting BTC to USD and withdraw USD to your bank account. You will need to submit identification for verification.
Localbitcoin is a peer to peer exchange where you can transact either by meet up or bank transfer.
A Bitcoin debit card allow you deposit BTC and spend fiat at stores. You can even withdraw fiat at ATM.
You can use coinbase for converting BTC to USD and withdraw USD to your bank account. You will need to submit identification for verification.
Localbitcoin is a peer to peer exchange where you can transact either by meet up or bank transfer.
A Bitcoin debit card allow you deposit BTC and spend fiat at stores. You can even withdraw fiat at ATM.
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.
Its really an easy stuff to withdraw the coin, all you just have to do is to withdraw your bitcoins to localbitcoins.com and then you can find a buyer who's going to buy your coins from you. Should be all.
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.
In the philippines we have this wallet called coins.ph in which we can encash through it but of course we need to trade ir first before we can convert it to our wallet and into cash. But in other counyry I have no idea in which way they cpuld convert it into cash. But I am sure there is the best way.
You can directly exchange the bitcoin into fiat cash by localbitcoins.com to your bank account instead of having the money to your online wallet. If you change amount pretty countable and according to your transaction limit what you are paying you no need to afford any money to any Government side.
Wallet is the worst option according to me. If you are fine to get the additional cost for the amount you are changing then we may consider it.
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.
In the philippines we have this wallet called coins.ph in which we can encash through it but of course we need to trade ir first before we can convert it to our wallet and into cash. But in other counyry I have no idea in which way they cpuld convert it into cash. But I am sure there is the best way.
There are some ways you can follow to cash out bitcoin.
As i know we can cash out through local exchanger in each country. Second, change through marketplace. We can withdraw in marketplace in veryfied account.
As i know we can cash out through local exchanger in each country. Second, change through marketplace. We can withdraw in marketplace in veryfied account.
I think before you cashout bitcoin you must register your wallet address because some sites are not accepting of what your coins that have right now, so you have to find some site that capable of cashouting your bitcoin into a paper money.
There are some ways you can follow to cash out bitcoin.
As i know we can cash out through local exchanger in each country. Second, change through marketplace. We can withdraw in marketplace in veryfied account.
As i know we can cash out through local exchanger in each country. Second, change through marketplace. We can withdraw in marketplace in veryfied account.
I do cashout via my wallet coins.ph and pick my money at Cebuana Lhuillier (you can choose where you wanna pick up yours. Security bank is better since you pay no fees for this)
in my country if i want to exchange my bitcoin into local currencies i use local exchanger to exchange it so, i can contact personally the exchanger and say that i want to sell my bitcoin, the advantage you can ask them realtime, but disadvantage is its all manually that make feel complicated
Wow so many reply! Thank guys for your advice and recommendation. I use Bittrex for trading, i have verified, but i don't see any option where i can exchange btc to Usd.
As i know that some exchanges provide withdraw into fiat money like usd or euro.
But you have to verify your account first.
But you have to verify your account first.
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.
Here in my country we have a wallet wherein when you need your bitcoins you just request and its automatically converts your bitcoin into our currency. Through this wallet you can even diretly pay your bills and topup your phone. This is the only wallet I used since it is trusted by many of us.
Do you hold your bitcoins in an online wallet? That is not a wise thing to do, especially if you have substantial number of bitcoins. The biggest advantage of Bitcoin is its decentralized nature and the fact that you don't have to trust anybody with your money. You are undermining that by using an online wallet.
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.
Here in my country we have a wallet wherein when you need your bitcoins you just request and its automatically converts your bitcoin into our currency. Through this wallet you can even diretly pay your bills and topup your phone. This is the only wallet I used since it is trusted by many of us.
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.
I cash out bitcoins through banks, in my wallet, there's a lot of options on how would you want to cash out. You can receive it through remittance, add it to your bank account or withdraw it through a bank. It's convenient because some of the withdrawals has no transaction fee, so it's good to withdraw bitcoin through the wallet that I use.
initially I think before hard fork happens there will be many people who sell their bitcoin and make the price more fall, but all the unexpected me all the people instead do stock btc and make bitcoin prices soar. so thus I also have the opinion that if I also do stock to my btc then it will give big advantage.
I go from HitBTC to Coinbase and into my bank's checking account, all clear cut and easy and I'll have my money within a few days.
I directly use them in gaming purpose by converting them by my wallet using miner by giving some fees
As in gaming , it doesn't matter to be fully extorted
As in gaming , it doesn't matter to be fully extorted
Well that really depends in your location mate for example you are in the US you can use sites that supports cashing out in USD crypto exchanges is only for trading altcoins not fiat so you have to send that altcoin or bitcoin to a site that is in your country and convert it into fiat and withdraw through remittance, bank account, or cashless method. Dont know if your site supports cashless methods but mine does, i believe that sites that supports BTC/BTC is xapo,coinbase and blockchain.
I am using an app here in my country which is called Coins.ph, you can cash out on banks or remittances center. This app serves as a bitcoin wallet as well and you can also use it to pay some of your bills or top up your steam wallet or prepaid load.
for myself, I exchange bitcoins into my country's currency using local exchange. because some online exchanges do not convert dollar, euro and other currency.
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