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Topic: How do you guys withdraw your bitcoins to cash? (Read 8172 times)

full member
Activity: 476
Merit: 103
I sell my coins through 3rd party agents which gives me fair price and then send that money to my bank account.
There are many wallets and website which help us to sell our bitcoins in right price easily.
legendary
Activity: 1582
Merit: 1059
I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).

How do you guys withdraw your btc?

I think there are a lot of ways to do it. Some get more expensive than others, and some are probably more safe than others, you will have to decide that for yourself. I did it a few times with neteller, but I think their fees are to high (1% for the bitcoin transaction) and then you need to check your fees for a bank transfer, since their vary from country to country. I usually just hold my coins now, but I'm considering get a crypto card, since there are many options out there, and they seem quite reliable right now.
sr. member
Activity: 423
Merit: 251
I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).

How do you guys withdraw your btc?


if I am, it is quite easy way of withdrawal because in my country there is an exchange that accept direct bitcopin sale into local currency, so in this case very easy for me, because besides that we can also buy mobile phone and electric token.
full member
Activity: 308
Merit: 108
In my case, we have this local wallet which called coins.ph, and there we can store our bitcoins and local money, and we can convert them whenever and wherever we want. We have this cardless withdrawal and we just need to process the transaction online in order for us to get our desired amount. It is easy to use and anyone can also use it.
legendary
Activity: 2702
Merit: 3045
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Many members here use exchangers since it's the easiest way to withdraw money and sometimes it's the only way to do so.
The majority of banks don't accept bitcoin deposits witch is a stupid thing in my opinion looking to the huge amount of money that can be transferred.
Fees payed to exchangers are too high and you have to withdraw a big amount to cover these fees witch is an annoying fact we face every day.
sr. member
Activity: 574
Merit: 251
I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).

How do you guys withdraw your btc?
I always use my local exchange whenever i want to withdraw my bitcoin into cash, the price is really good, sometimes above the price at other exchange and the fee is low. They are also fast in processing the withdrawal as long as it's still working hour.
copper member
Activity: 1386
Merit: 1000
Every country have an exchange through which you can withdraw your bitcoin to native currency. I withdraw my bitcoin through local bitcoins. You have to send your bitcoin to the address given and then you send the bitcoin to the person who is giving you the local currency.
sr. member
Activity: 560
Merit: 250
I have a plastic bitcoin debit card from cryptopay.me and I can use that to easily cashout bitcoin to my local fiat with any nearby ATM but I am not doing that too often. Most of the time I sell my bitcoins directly to Nepali buyers through social media and personal contact. There is no any official exchange platform for bitcoin here and legal status of bitcoin/crypto is confusing, so no any international trading platform allows us to buy/sell bitcoin.

Much different in my country that has not been supported by the existence of such technology.  Smiley
full member
Activity: 196
Merit: 100
Doing withdrawal bitcoin to cash money is one of the things that is waited by me. there are several ways that I do to withdraw the bitcoin to cash money as the following:

1. I use wallet blockchain. I save the bitcoin in blockchain then I sell it to local exchanger.
2. I do buying and selling bitcoin transactions in the market after I get a lot of profit, I will withdraw it to a local bank account.
this is the way that I do to withdraw the bitcoin to cash money.  Wink
legendary
Activity: 2576
Merit: 1043
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In our country Philippines, there is an android app called coins that can be use to withdraw money into many ways. This app have bitcoin address to that's why we can deposit our bitcoin here and can convert it into our own currency which is PHP. I am waiting for the app paycent too to be used in our country. Today I downloaded the paycent app but in our country its not supported. Its like coins app I think.
member
Activity: 350
Merit: 30
I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).
 
How do you guys withdraw your btc?


Here in our country which is Philippines, we use a wallet
 called coins.ph and it is very useful since you can easily
convert btc to Philippine peso and send it either to your
bank account or via money exchangers. Even you dont
 have bank accounts
full member
Activity: 574
Merit: 100
I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).

How do you guys withdraw your btc?

What I do is first i transfer all my coins from my wallet to any online wallet app which supports bitcoins, in our country we use coinsph but I'm sure there are lots of ways to withdraw your money if or just buy online goods so that you can also save money from service charges that these coinbase apps offers.
member
Activity: 168
Merit: 10
As I have read, there are some banks where you can directly cash out or plainly withdraw your bitcoins equivalent to its market value or a little lower. However, for others, they trade them up on trading platforms before they encash the coins, so they can get a bigger value for it. It actually depends on which country you are in and the availability of banks where you can exchange them into cash.
member
Activity: 74
Merit: 10
Patience is virtue
In my country, I use coins.ph as my wallet and this wallet is legit.I can withdraw through remittances in different pawnshop that is available in my Place. but in other Place They use blockchain as wallet it has features of the way how to withdraw btc to FIAT. but the best way is withdrawing to Online. Payza, paypal aso useful.
sr. member
Activity: 476
Merit: 314
I use a ATM when i can and the exchange when the ATM is broken or i have to withdraw big volumes, because i dont like the way that the exchanges of my countrie uses to confirm if im a trusted people and the taxs of use (tax to deposit, to exchange, to withdraw...).
full member
Activity: 364
Merit: 100
we have our country-made site that is easy to exchange bitcoin to altcoin and our currency, it is very helpful so if in place you can not do that make sure you think to open it because there will be profit for you
full member
Activity: 602
Merit: 102
I am using our local exchanger , I sell Bitcoin into our local fiat money than I withdraw directly to my bank account , within a few minutes is already in my account.
hero member
Activity: 784
Merit: 500
I mainly use exchange and over the counter options. Exchange fees are high but it worth to cashout bitcoin during 1 hour. Maybe in future i will purchase debit card for better experience.
full member
Activity: 518
Merit: 100
In my country I used to claim my bitcoin to cash is an app this is coin.ph through that way it is easy to get no hassle in withdrawing it. and sometimes I used to buy loads or online game stuffs and also paying bills such as electric bill. So my time is good as I make an outdoor activities.
hero member
Activity: 806
Merit: 503
I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).

How do you guys withdraw your btc?


There are local exchanges here in our country from which you can withdraw your bitcoin into fiat. There are certain amount or limit that you can withdraw everyday depending on what level are your limits in which you can apply to increase your daily withdrawal. We can withdraw from this exchange directly to our banks, remittances, atm's etc.
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