How do you guys withdraw your bitcoins to cash? - page 16.

suvo05

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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?

I don't have option to withdraw bitcoin directly to by bank as the central bank of my country still don't recognise btc as currency . I have to depend on third party wallet like unocoin,zebpay etc.

Vaskiy

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Majority of the users here have their own exchange platform for all the withdrawal needs. In specific I prefer localbitcoins over other platforms due to the easiest way of withdrawing as well it gives a list of traders with different trading features. One could select based on the convenience.

mace15

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Quote from: Diablesfunis on August 30, 2017, 02:25:13 AM

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?

There's a lot of ways to cash out your bitcoin right now. The first one is to check your country local exchange because that is the easiest way. If there's no exchange in your country, you can sell your bitcoin in localbitcoin.

Yes there are many ways to withdraw bitcoin to cash. Here in my country there is an apps that can cash out anytime, into bank, remittance. It is an instant way to withdraw and most bitcoin users this is the apps that is used.

Chrystora123

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there is so many way to exchange bitcoin to cash , but i usually to exchange my bitcoin to cash from exchanger site , i sent my bitcoin to the exchanger site and then i choose withdraw , there usually an option to switch to which bank you choose to withdraw , i think many bitcoin players do this thing ..

Diablesfunis

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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?

There's a lot of ways to cash out your bitcoin right now. The first one is to check your country local exchange because that is the easiest way. If there's no exchange in your country, you can sell your bitcoin in localbitcoin.

Hexah

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I withdraw it by sending it to my friends bitcoin wallet because I can't withdraw it on my wallet it needs to be verified yet to withdraw and that's the problem in my bitcoin wallet it is no yet verified hopefully by next month it will be verified so that I can use it and I don't have to bother my friend just to withdraw my bitcoins into cash. And if my bitcoin wallet be verified I will just use it to transfer in my bank account so there's no hassle to withdraw it via ATM.

perfect999

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Quote from: yudas8822 on August 28, 2017, 12:08:26 AM

i never withdraw bitcoins in cash, because i'm newbie in bitcoin. maybe end of year i can be like you withdraw bitcoins to cash.

Let me tel you a secret my friend, it will make you more rich than the persons who are selling out now. But lets suppose if you prove to ba an unluck persons and things didn't go the way you expected, don't get in chaos. Stay patient and give BtCs some time. It will definitely surpass previous highest prices.

ged00u

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I have a buyer who always buys and sells bitcoin instantly. I trust him because I have made many transactions with him. And he sends me the money after my transactions get 1 confirmation. Wink

usually everything takes less than 5 minutes

DainSLane

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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?

I withdraw through my local wallet the only disadvantage of that wallet is i need to verify my i.d and give other info about me but it is the only wallet that people use here in my country because the transaction are fast and easy in just a wait for a few minutes and i can now go to remittance center to get my money.

denetci

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also in turkey, i sent my btc in turkish exchanges like paribu, or btcturk, i sell btc in that exchange and sent the turkish lira to my bank account,

wellsontheja

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There's are several ways to do that, but i will not said the all ways i will say what ways i usually do.
Usually i sell that into the bitcoin market which provide onside bitcoin to cash or your local curreny
Like me sell my btc to idr by VIP market (Local bitcoin market at my country)
Or if you don't know which market provide bitcoin exchange to your currency you can find it on bestchange.com
So that's ways i use

Wildwest

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I normally deposit my bitcoin into local exchanger and convert it to cash. In my country the exchanger just like another exchanger who can trade any coin but only a few coins listed there.

traderethereum

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finding recommended seller in localbitcoin is also a good advice because in that site, we can found seller which have the same city with us. sometimes when i want to withdraw my bitcoin, i also used their service and for me, their service is fast and not waiting too long. so maybe if you can find recommended seller, you can trying to withdraw too like me.

NEUROSEED

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various means of payment, wallets, ARMs, trader platforms, paypal

Angroys

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i prefer to just to transfer to merchants that accept bitcoin, than hard cash. cause i don't feel the need to withdraw cash.

RomanPetrush

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I'm interested about the taxes, cause you can't just send 1 billion to your bank acc. as you have to pay taxes on your income. It's interesting, as the government want money as well Wink

Pursuer

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Quote from: toknormal on August 28, 2017, 05:08:14 AM

The best way to use bitcoin is to have a bitcoin backed debit card. That way you have bitcoin for store of value but are able to 'spend' it in fiat-denominated merchants.

This is the optimal configuration.

not when there are fees involved. the back breaking fees actually Wink

I'd rather spend my cash or use the regular debit cards that I have (which don't have any additional fees in my country) or spend bitcoin directly rather than using a third party, trusting them with my bitcoins without having control over the private keys and pay them high fees to use my own bitcoin!

we created bitcoin to no longer need banks and services like this not to go back to them with bitcoin!

sumangs

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We could withdraw cash by using our local bitcoin wallet. In the local wallet, you will get a permission to withdraw a specific amount of bitcoin in cash to the remittance center we wish to get the cash. Then after getting permission. you can get the cash. The amount depends on the level of your verification in the local bitcoin wallet.

PCBTCx

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Mine is much more difficult, since I can't use almost any exchange. I use either direct peer to peer trades in public places or use Western Union, which is, despite being more expensive in fees still allows me to get the money quicker considering how many branches are there for them.

toknormal

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The best way to use bitcoin is to have a bitcoin backed debit card. That way you have bitcoin for store of value but are able to 'spend' it in fiat-denominated merchants.

This is the optimal configuration.

Topic: How do you guys withdraw your bitcoins to cash? - page 16. (Read 8172 times)