Topic: How Do You Cashout BitCoins? - page 4. (Read 3695 times)

there are markets in local currencies where everyone has their own currency, we can legally send money from the bank and shoot in the form of bitcoin buy, but there are some standards, of course, when we can get back to cash without any problems

we can easily convert btc into fiat thru our wallet. We have a  bitcoin wallet here in our country which you can use to transfer fund easily like coins.ph,there you can pay bills online and specially convert btc easily anytime, anywhere.

sometimes I used local bitcoin to cash out bitcoin. You can cashout your bitcoin by selling your bitcoin in the exchange.

Hello there,  when the time that my friends and my classmates introduced this kind of bitcoin, i am very amazed with this because this will gives me an opportunity for me to earn some money in some easy ways.  I asked them how they get their money after they doing this things and they said that through bank and virtual wallet.

You can also perform all conversion and withdrawal operations yourself using just one multifunctional electronic payment system. For example, you can open a bitcoin account and then withdraw your money using a wire transfer or a prepaid debit card. Thus, you can avoid numerous excessive transactions and fees. Some systems allow storing cryptocurrencies, while others can automatically convert your account balance to USD or EUR.
One of such payment systems offering to save time and money is Woldcore.eu. You can open an individual USD or EUR account and fund it using electronic currencies. The service doesn’t charge the account opening fee or maintenance fee, but you will need to pay 3-4.75% for transferring e-currencies. To get cash, you can order a Worldcore Ultimate MasterCard for $20, the ATM withdrawal limit is $4,000 per day.
So if you have some bitcoins in your wallet, there are many places where you can cash them out at a reasonable price, and your task is just to find the method that suits you best. The next step is to wait when merchants start accepting bitcoins offline to minimize all those intermediary operations. Taking into consideration the growing popularity of cryptocurrencies, it may become reality in several years. 

What about Cryptocurrency Converters?
There is one more way to cash out your bitcoins – use an exchange service allowing you to instantly convert your digital money into dollars, euros or other currencies. You will need to choose what currency you have, its amount and what currency you want to get for it. When the transaction is completed, you can withdraw cash at ATMs using a pre-paid debit card from one of the partner services offered by the site.
To avoid getting tricked out of your money by fraudsters, pay attention to the date when the site was created (WHOIS Search), its ratings and reviews from other users, and the reserve available for your chosen conversion pairs. You can find this information on special aggregators allowing sorting e-currency exchange services according to some specific parameters, like exchange rates or testimonials. This information is usually organized in the form of a dynamically updated chart. 

Best way to exchange your bitcoin for usd is to go via an exchange. You can generate an adress at the exchange you have chosen and send your coins to that adress. Then you just withdrawl your usd. I would recommend Bitstamp. Have been around for a long time.

Some of yall talk about localbitcoin but the prices are much lower than market ones there. Is there at least one exchange like Yobit (I've been using for ether cashout)?

Having one choose is Bitcoin Trading Exchanges
Rather than trading with another person, you can find a trading platform combining the features of Forex trading and Bitcoin exchanges. You will need to open an account, place a sell order, state what type of currency you wish to sell and its amount, and define your price. When a similar purchase order is found, the exchange service will complete the transaction.
Kraken allows trading between bitcoins and EUR, USD, CAD, GBP, and JPY. The trading fees are around 0.10% – 0.35%, they vary depending on the quote currency volume. The processing fee that you need to pay for getting paper copies of your communications is $60 per page; the USD bank wire withdrawal fee is $5.
Kraken allows trading between bitcoins and EUR, USD, CAD, GBP, and JPY. The trading fees are around 0.10% – 0.35%, they vary depending on the quote currency volume. The processing fee that you need to pay for getting paper copies of your communications is $60 per page; the USD bank wire withdrawal fee is $5.

Cashing Out Offline
If you want to sell your cryptocurrency directly and avoid service or cash withdrawal fees, you can meet with a potential trade partner personally at a cafe or some other meeting point. There are special financial services that automatically detect your geographical location and show actual offers in your region.
LocalBitcoins is one of the leading services connecting buyers and sellers online and in-person. You will need to open a bitcoin wallet, mark that you want to sell bitcoins and specify all necessary details of your offer (amount, location).  This website allows users to rate each other, so you may check the reputation of your potential buyer in advance. The service fee is 1%.
Mycelium is another popular website offering its help in finding buyers locally. You can check the trustworthiness of your potential partner, and then discuss your meeting time and location using the chat option.  Once you get paid for selling your bitcoins, you need to confirm the receipt of payment in your account, and the service will complete the transaction.
Of course, you can also find potential buyers on special cryptocurrency forums or Bitcoin conferences, but it can be quite dangerous because you won’t be able to check the buyer’s reputation – you can lose all your money dealing with an unknown person. 

You can use Cryptocurrency Converters
There is one more way to cash out your bitcoins – use an exchange service allowing you to instantly convert your digital money into dollars, euros or other currencies. You will need to choose what currency you have, its amount and what currency you want to get for it. When the transaction is completed, you can withdraw cash at ATMs using a pre-paid debit card from one of the partner services offered by the site.
To avoid getting tricked out of your money by fraudsters, pay attention to the date when the site was created (WHOIS Search), its ratings and reviews from other users, and the reserve available for your chosen conversion pairs. You can find this information on special aggregators allowing sorting e-currency exchange services according to some specific parameters, like exchange rates or testimonials. This information is usually organized in the form of a dynamically updated chart. Good luck!!!

I use Localbitcoins.com exchange to sell my bitcoins as their are users who can do bank transfer to my local bank and i dont have to show any proof as this transactions can be shown as any way of input in tax.

Your country or location is a main factor to this. there are several local exchanges that directly convert Bitcoin into fiat money and cash it out via remittance, bank deposits, and others. You just need to make a few research in the internet on whether you have local exchanges in your place and of course choose the most reliable one, which everybody uses and before a click you have your money already.

I think every exchange site has a different way to convert bitcoin to usd. I think selling bitcoin via paypal is an easy step to convert bitcoin to USD. CMIIW

You can cash out bitcoin and altcoins from exchanges. There several exchange sites such as bitter, binance and more others but also dependent on countries dues to restrictions directly into your local bank account.

If you want direct withdrwal to your fiat account search for some local exchange or wallet usually they provide direct bank transfers. Rest it depends upon your country. You will easily find exchanges converting bitcoin to usd, gbp or eur. Its hard to exchange with rest of the currencies.

I cash out my bitcoin thru cebuana its is a pawnshop and coins.ph is welcome to them and also because itis very near to my house.But in Cebuana there is a charge in every transaction but small amount only.But in my country you can cashout in bank.

is


You pay taxes when you already receive cash from bitcoin.

We are in crypto world so a lot of exchanges here is using exchange for cryptocurrencies.  I think the best you can do is sell it bitcoin then send to your bitcoin wallet the you can convert to USD. I think that thing is the best you can do.

In my ewallet it automatically converts itself to pesos whenever I withdraw my bitcoins. As for other currencies, there are several trading platforms that have pairs for fiat currency just check out some trading platforms and read their terms and cons before starting to trade there. There are also ewallets like coinbase, coinsph, blockchain etc that helps you easily converts ypur bitcoins to the currency your using. Or send it directly to your bank account or whatsoever