How do you guys withdraw your bitcoins to cash? - page 12.

boyptc

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Quote from: Chanock on September 03, 2017, 10:47:04 PM

In my experience i withdraw my bitcoin to cash is through bank. I transfer my bitcoin to my bank account to exchange it to cash the i'll withdraw it to ATM. Since here in my country bitcoin allowed to transact through bank it is easy to convert it into cash. The other option is through express padala or remittances because they accept bitcoin.

AFAIK, there's no bank that is accepting bitcoin cashouts so you have to use an exchange before sending your payouts to the bank. But if that's existing in your country that's a good one I want to do that to, sending it completely to my bank account, though it's allowed but it needs to pass through a local exchange.

Chanock

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In my experience i withdraw my bitcoin to cash is through bank. I transfer my bitcoin to my bank account to exchange it to cash the i'll withdraw it to ATM. Since here in my country bitcoin allowed to transact through bank it is easy to convert it into cash. The other option is through express padala or remittances because they accept bitcoin.

Sithara007

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Here in India, a few of the local exchanges are now offering even better rates than Localbitcoins. But they don't have the variety and options which are available in LBC. For example, in LBC there are vendors who will buy your coins for PayTM or Mobikwik. But the exchanges can deposit cash only to your bank account.

Singbatak

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Here in my country.
It is easy to withdraw as long as you verify that you can withdraw from cardless atm without any transaction deduction. So it's beautiful here with us. You can also transfer it to your bank account. And much more. You can also purchase Mobile Load Online Shopping. Let's look at the good looks of the government and be fully legalized in our country to make it easy and free that we use bitcoins.

sekapai

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Here in Malaysia..we have two options to withdraw bitcoin. First luno.com is the major exchanger in here , i will take 2 days. and second localbitcoin.

godrey123

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here in the Philippines we only have one trusted bitcoin wallet which is coins.ph, by using that wallet I withdraw my bitcoin to cash via bank or sometimes money changer such as LBC, and Cebuana(local company). this makes much easier much convenient to use.

doomloop

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Quote from: lighpulsar07 on September 02, 2017, 11:07:29 PM

Well in my country, there is a cryptoexchange/wallet first and only one in country and it was the easiest way to cashout for me just submit an identity verification and done you can cashout your cash directly to the bank account or get the moneh in remittance.

well I think it depends on the use that how we use and how we have planned to deal with it. It also depends on your wallet what you have to withdraw as now I am using coin.ph I like to use it because it is very simple and convenient to use where it is very easy to withdraw your bitcoin a lot of people use security bank to cash the coin because it is also very easy and fast to use.

TooDumbForBitcoin

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Quote from: llyfee4u on September 03, 2017, 01:17:15 PM

Whenever i have sold bitcoin, i used localbitcoins and i normally accept payment via paypal or direct bank deposit. Although i must say, here in the UK there are many ways in which you can sell/convert your bitcoin into cash. From selling directly or using exchanges and trading platforms which are linked to bank accounts for instant withdrawal. Its pretty straight forward.

+1 for localbitcoins. Also paxful can be used https://paxful.com/en/sell-bitcoin but paypal, credit/debit card etc transactions can be refunded. Not best option for transactions with bitcoin

mastadonballs

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Quote from: rebel92 on September 02, 2017, 05:48:47 PM

Quote from: yishak on August 26, 2017, 09:35:01 AM

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?

You can use Bitcoin Debit Card of any famous wallet have it to withraw cash from ATM Cash Mashines, Online Shopping, in stires, restaurants or anywhere else in the world that accepts VISA as a payment method.

Or if in your country support withdraw Bitcoin to cash via scan QR on Bitcoin ATM, you also can use your smartphone for cash out if you store your Bitcoin in online wallet like blockchain.info or coinbase.com

Youghoor

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I think that the best option to do that is using a bitcoin debit card... When i just wanna withdraw some money i just go to a normal atm and just withdraw, the only issue that i have with that is that i pay more than $12 on fees (atm & debit card fees)
or i just go to a store and buy whatever i need, i only have to pay 3% in fees if i withdraw by this way.

llyfee4u

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Whenever i have sold bitcoin, i used localbitcoins and i normally accept payment via paypal or direct bank deposit. Although i must say, here in the UK there are many ways in which you can sell/convert your bitcoin into cash. From selling directly or using exchanges and trading platforms which are linked to bank accounts for instant withdrawal. Its pretty straight forward.

djkyno

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I am using my BTC credit card to cash out the BTC sometimes when needed to do so, i don't cash out regulary, because i'm holding and investing some amounts online too

pixie85

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I'm using an exchange that deals in € and has an account in the same bank that i'm using. This means that their fiat transactions are going straight from their account to mine in a matter of minutes. It usually takes less than 2 hours from the moment I request the money to when they appear on my bank account. Fast, safe and convenient.

CryptoGFX

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I used to convert my btc for fiat via 2-way atm, but now using an exchange site that's linked with my bank account. There's are a few fees when moving funds, but it's still more convenient than making the trip to a 2way atm.

Mame

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It is very easy and convenient to withdraw your cash in bitcoin you just have to have a wallet online then it'll be then transfered to your bank where you can withdraw your cash.it depends on your account that you can withdraw your xmcash through your atm.

lighpulsar07

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Well in my country, there is a cryptoexchange/wallet first and only one in country and it was the easiest way to cashout for me just submit an identity verification and done you can cashout your cash directly to the bank account or get the moneh in remittance.

Zemangat

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in my country pulling bitcoin into cash is very easy. just need wallet online in mobile .. you can melt bitcoin directly to your bank. does not take long .. 1 hour fastest to see your account contains money from bitcoin. maybe in your country bitcoin not too popular so some banks are still hesitant to cooperate with bitcoin.

klf

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Quote from: rebel92 on September 02, 2017, 05:48:47 PM

Quote from: yishak on August 26, 2017, 09:35:01 AM

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?

You can use Bitcoin Debit Card of any famous wallet have it to withraw cash from ATM Cash Mashines, Online Shopping, in stires, restaurants or anywhere else in the world that accepts VISA as a payment method.

Currently, I use XAPO card to withdraw cash from ATMs, and it is very convenient. In my country, there are a couple of reputed exchanges to withdraw cash directly to my bank account, but it takes a couple of days to get the cash, so I prefer XAPO card to withdraw my money. They got some charges, but for me, it is very convenient.

unneros

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i use a third person transaction ! First i send to that guy who i trusted then another guy in a middle will confirm our transaction ! therefore the fees will decrease and my money when i cash out will be what i want ! i also sell bitcoin on a online website in my local country ! It's kind a media bank coin - very trustable ! sometimes i buy paypal cards and steam cards then sell back those to someone needs ! That's all my transaction

coupable

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Thanks Neteller and Skrill.
Here in Tunisia, no way to convert bitcoin to local currency neither to any other currency and it's getting harder when Skrill and Neteller cards don't work anymore in local ATMs. So the only ways now is converting them to dollar then recieving funds in Payoneer account then using ATM for withdraw but with a high cost fees. Or, using Neteller/Skrill account to convert and send them to another account which the its owner will pay for the transfer in cash. Of course this is very limited that no more than 1500 euro per month for each account and the funds converted from bitcoin are not allowed to be received from ATMs.

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