How Do You Cashout BitCoins? - page 23.

mel1978

full member

Activity: 518

Merit: 101

Quote from: LeGaulois on October 20, 2017, 01:54:41 PM

Some exchanges don't have the option to sell your coins for $,£,€
In some exchanges such as Kraken, Bitstamp, etc people can sell their bitcoins (of course) for dollars, euros, etc and then get the money transferred to their bank account quite easily.

In our country in which bitcoin is not so popular and many do not know yet about bitcoin, there is still sites that can transact bitcoins, there you can purchase and receive and send bitcoins and that is through coins.ph. This site can receive and send bitcoins and then there you can pay bills and send money to your love ones.

GreenBits

legendary

Activity: 1148

Merit: 1048

The quickest and most painless method is via a bitcoin/eth denominated (I use the Shift card, courtesy of Coinbase). You can withdraw up to 300 USD equivalent a day, but if you use cashback, you can use the card's 1000 USD daily limit instead as cash. This is a PITA; you will visit at least 4 or 5 stores minimum to complete this task. So for bigger money, you are best off using an exchange that allow direct deposit to fiat (most real ones) or use LBC. LBC is cool up to the reporting requirements; after that, you will have to explain to someone what the hell you are doing with all that cash;)

1NV3ST0NM3

full member

Activity: 420

Merit: 110

Here in India we have two big wallets zebpay and unocoin. One can easily get direct bank withdrawls after selling your bitcoins on these platforms. What is more interesting is that these wallets have a bit higher price of bitcoin that it is in market. So its quite profitable too.

The Monkey King

full member

Activity: 284

Merit: 100

Quote from: imteaz on October 20, 2017, 11:53:18 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.

With the help of our local bitcoin wallet application, it allows people to convert their bitcoin into local currency or physical money. The application or specifically the coins.ph wallet has a local exchange partners then they allow people to get the cash through cash pick up or in a bank transfer or remittance center. It was made easy to get the money in the nearest pawnshop available.

Hotel_Prodeo

sr. member

Activity: 588

Merit: 253

I use a trusted exchanger that exists, although the rate is often different from the latest price but I'm happy because the transaction is done in seconds and money can we receive in the bank account.

faceoff97

full member

Activity: 644

Merit: 113

With the use of our local bitcoin wallet app, it allows us to convert our bitcoin into local currency. The app has local exchange partners, they allow us to get the cash through door to door delivery, cash pick up or bank transfer. It was made easy because you can get the money in the nearest pawnshop available. There will be little amount of transaction fee, but its not too bad for a fast transaction.

Xetonica

sr. member

Activity: 706

Merit: 250

Well im using coins.ph to cashout my bitcoin to money.
Actually it is easy to use coins.ph and early to receive your money.

ajqjjj

hero member

Activity: 1498

Merit: 507

Not your Keys, not your Bitcoin

Quote from: squatz1 on October 20, 2017, 02:33:56 PM

Coinbase is where it's at, you just have to be fine with going through the KYC and other sort of government sanctioned regulations where you're going to have to give up some of your personal information so there is privacy concerns with that. I know that others have other methods such as using Paxful, Local Bitcoins and so on and so forth but I'd rather have issues with privacy rather then pay disgusting fees that are just going to take SO MUCH MONEY.

COINBASE FTW!

First we must register your bitcoin wallet address.some sites accepting online transaction. If you buy some product. We should pay bitcoin. Another way is localBitcoins and BitQuick are easy to sell a bitcoin in online. But we only decide to sell a bitcoin. localBitcoins schedule the rate of Bitcoin. This rate is reasonable to sell a bitcoin. We should accept that and it will directly deposited in bank account.

jhongzjhong

full member

Activity: 798

Merit: 109

https://bmy.guide

Quote from: Matimtim on October 20, 2017, 05:41:33 PM

Hi! Here in Philippines we have a nice bitcoin wallet that you are able to convert your bitcoin to Php. easily and deposite it to your bank account that are accepting bitcoin.

I'm new here in world of cryptocurrency and I use coins.ph wallet to stored bitcoin and to pay bills and cashout to convert bitcoin to piat money easily. I just send my bitcoin to my bank account so its easy to withdrawn using ATM card.

Hellow were thesame country here I also used coins.ph wallet it easy to convert php money your bitcoin. I also new here in bitcoin society wich is cryptocurrency based.
After we converted the bitcoin to our local currency we go to the bank, we transact by using ATM machine without using ATM card.

majdoso

full member

Activity: 126

Merit: 100

First, i try to save the maximum possible of coins, then i contact one of my friends who need to buy euros, then o convert the bitcoin to euro then i send the sum through neteller. If the operation is made correctly, i take my money hand to hand.

Matimtim

full member

Activity: 868

Merit: 108

Hi! Here in Philippines we have a nice bitcoin wallet that you are able to convert your bitcoin to Php. easily and deposite it to your bank account that are accepting bitcoin.

I'm new here in world of cryptocurrency and I use coins.ph wallet to stored bitcoin and to pay bills and cashout to convert bitcoin to piat money easily. I just send my bitcoin to my bank account so its easy to withdrawn using ATM card.

ahmedjamal1998

hero member

Activity: 728

Merit: 537

Since you're talking about selling bitcoins when trading and on exchanges, then you surely don't need to totally cashout to fiat.

On each of the exchanges that you're referring to, you'll find a coin called USDT. This coin has a value of $1. And it can be traded with bitcoins. Since it has a stable price, most traders use it to cash in and out of bitcoins.
For example, right now the price of bitcoins hit $6000 which is the highest it's ever been. What did I do ? I went in and sold all my btc for usdt.

This is basically exactly the same as selling it for fiat BUT you still have it in a crypto form which means it's so easy to buy in btc again if its price drops once again. Check the exchange you're using and you'll find a BTC/USDT pair.

If you want to totally cash out, I suggest ignoring all online payment processors like paypal or whatever as they can be reversed and they aren't the safest option and I don't with anything except the safe. You should find a trader in your local town and finish the deal by cash hand to hand. Other than that, I won't go for it.

crzy

full member

Activity: 2128

Merit: 180

Quote from: imteaz on October 20, 2017, 11:53:18 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.

Well we can easily convert btc into fiat thru our wallet. We havea nice bitcoin wallet here in our country which you can use to transfer fund easily, pay bills online and specially convert btc easily anytime, anywhere.

my_cryptos

member

Activity: 364

Merit: 10

frankly speaking I buy bitcoin now and invest in tokens.
but every moment I can sell using exchangers with are much in every countries. some exchanges offer to get money by cash.

fancy_pants

hero member

Activity: 663

Merit: 501

quarkchain.io

Since beginning I am using localbitcoins for selling my bitcoins as I find it very easy, convenient and safest way to sell my bitcoins and get fiat money transferred to my bank account in no time as the traders are very genuine with high trust rating and localbitcoin involves escrow services so there is no room for getting scammed.

wizmo

sr. member

Activity: 658

Merit: 251

Quote from: imteaz on October 20, 2017, 11:53:18 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.

I'm a trader and I do convert my bitcoins to usdt when I feel the price drop. There is option to convert your bitcoins to usdt on most exchanges which convert your bitcoins to equal US dollar price and you can buy bitcoins back with that money but most exchange require verification if you cashout fiat money so convert your fiat money to bitcoin and sell it on localbitcoins if you don't want to go through verification process.

bitart

hero member

Activity: 1442

Merit: 629

Vires in Numeris

Quote from: swogerino on October 20, 2017, 02:51:57 PM

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.

matrixjohn

newbie

Activity: 29

Merit: 0

I do cash out my bitcoin through the help of the local bitcoin wallet in my country. I usually used rebit bitcoin wallet this online bitcoin wallet allows me to send money and buy bitcoin or alt coin.

osasshem

full member

Activity: 625

Merit: 100

Quote from: imteaz on October 20, 2017, 11:53:18 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.

You can transfer your coins to localbitcoins and sell there, which the payments will be sent directly to your bank account, which you will provide. It is very fast and easy to use.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

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.

Topic: How Do You Cashout BitCoins? - page 23. (Read 3711 times)