How much time dows it take to sell bitcoin ?

twister

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Quote from: hex13 on October 15, 2015, 04:42:07 AM

thanks man for your response ..
So .. The only wat to exchange my bitcoin into dollars is through escrow ?
and if coinbase doen't work in Egypt .. How I made a Wallet ? * it is the only site that I know who make wallets *

You need to read on a lot buddy about Bitcoins in general and mainly Wallets, the online wallets are not safe and they're particularly not safe for holding large sum of Bitcoins. Use this link to get educated about wallets -> https://bitcoin.org/en/choose-your-wallet, and read the warning at the bottom of that page. I would advise a desktop wallet but that is only safe if your computer is clean.

Another online wallet which is not listed on the above site is blockchain.info/wallet but again it's better if you keep your coins in a cold storage wallet, especially since you're wanting to invest a lot of money into it. https://en.bitcoin.it/wiki/Cold_storage

Amph

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Quote from: hex13 on October 15, 2015, 04:42:07 AM

thanks man for your response ..
So .. The only wat to exchange my bitcoin into dollars is through escrow ?
and if coinbase doen't work in Egypt .. How I made a Wallet ? * it is the only site that I know who make wallets *

you can use a local wallet and deal with someone in your location, with escrow, or someone that is trusted and is registered on this forum

like it was said if you deal with the escrow directly, you don't need another escrow, you can cut some time

hex13

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thanks man for your response ..
So .. The only wat to exchange my bitcoin into dollars is through escrow ?
and if coinbase doen't work in Egypt .. How I made a Wallet ? * it is the only site that I know who make wallets *

Mickeyb

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Move On !!!!!!

Quote from: Cereberus on October 14, 2015, 03:31:25 PM

Quote from: maokoto on October 14, 2015, 11:27:00 AM

Quote from: hex13 on October 13, 2015, 06:17:34 AM

Please Help me
I'm From Middle east
I need to know how much time to sell bitcoins and how I transform bitcoin to paypal or cash ?
Thanks in Advance

If you sell them through coinbase, you can sell them for cash directly in your account (minutes)

On localbitcoins you can sell for paypal too, and should not take more than some hours.

But coinbase does not support all countries to buy/sell bitcoin.
I think only USA and some countries in Europe.

No, Coinbase is not available in Egypt. Here are the countries where Coinbase is available :
https://www.coinbase.com/global

OP, you pretty much then want to trade with a huge amount of bitcoins (50 BTCs is a big amount). You need to find an exchange which you can use from Egypt. Something tells me that you would be able to use btc-e. This is a worldwide exchange. And then you need to verify yourself and be ready for action after you have bough bitcoins. Of course, I would suggest that you hold your bitcoins in your wallet and that you send bitcoins to the exchange only when you want to sell them.

Cheers!

Cereberus

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Quote from: maokoto on October 14, 2015, 11:27:00 AM

Quote from: hex13 on October 13, 2015, 06:17:34 AM

Please Help me
I'm From Middle east
I need to know how much time to sell bitcoins and how I transform bitcoin to paypal or cash ?
Thanks in Advance

If you sell them through coinbase, you can sell them for cash directly in your account (minutes)

On localbitcoins you can sell for paypal too, and should not take more than some hours.

But coinbase does not support all countries to buy/sell bitcoin.
I think only USA and some countries in Europe.

maokoto

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Quote from: hex13 on October 13, 2015, 06:17:34 AM

Please Help me
I'm From Middle east
I need to know how much time to sell bitcoins and how I transform bitcoin to paypal or cash ?
Thanks in Advance

If you sell them through coinbase, you can sell them for cash directly in your account (minutes)

On localbitcoins you can sell for paypal too, and should not take more than some hours.

StevenLiang

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Quote from: hex13 on October 14, 2015, 01:59:12 AM

thanks guys for response
If I invest 12500 $ in buying bitcoins ( with todays price 250.50 ) ..that's mean I have 49 bitcoin .. And the price Rise *for example* to 300 $ .. So I Earn 2470 $ .. If there is no Instant buyer , i will lose money * as the price rise and fall * .. Am I Illustrate it right ?

You're right.
But just buy BTC with money that you can afford for lose 50%.

Just my opinion, safety first.

StevenLiang

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Quote from: hex13 on October 13, 2015, 06:17:34 AM

Please Help me
I'm From Middle east
I need to know how much time to sell bitcoins and how I transform bitcoin to paypal or cash ?
Thanks in Advance

You will got your exchange from BTC to your targeted currency (or maybe in USD on paypal) in flash.

Depends on what sites or people you trade.

How many BTC would you like to sell?

twister

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Quote from: hex13 on October 13, 2015, 12:21:22 PM

- Mr.twister
I'm from Egypt .. and the only way to put money and receive it is Paypal .. So what could I do ??

Well, Sir.. You must have Western Union there? You can find a buyer on LBC or here on the forum and ask them to WU the money to you, it might cost a little more but atleast they won't be able to charge back cmiiw, your bitcoins will be held by an escrow and once you have successfully released money from the agent you can ask escrow to release the funds. And I am sure you'll find some cash traders in Egypt on LBC.

There are some traders who trade for Paypal but here's the thing, Paypal can be charged back to upto 180 days and which is why I would never recommend anyone to use it.

Amph

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it's really easy for me, i log into kraken sell my bitcoin on the market, and require a sepa to my bank account, in 8 hours i have my fund ready to be used, if you can't use it directly with bitcoin

i would never use paypal for this kind of thing, paypal is ok when you need to buy something on a site that you don't trust

hex13

newbie

Activity: 13

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thanks for your response man
Actually for me It will affect as the 1 USD = 8 Egyptain pound .. so Every dollar or cent will affect the profit for me .

OmegaStarScream

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Quote from: hex13 on October 14, 2015, 01:59:12 AM

thanks guys for response
If I invest 12500 $ in buying bitcoins ( with todays price 250.50 ) ..that's mean I have 49 bitcoin .. And the price Rise *for example* to 300 $ .. So I Earn 2470 $ .. If there is no Instant buyer , i will lose money * as the price rise and fall * .. Am I Illustrate it right ?

If price drops you will lose money yes however it doesn't work like that , the price move slowly so you won't really lose shitload of money unless someone dump millions on dollars in a second .

hex13

newbie

Activity: 13

Merit: 0

thanks guys for response
If I invest 12500 $ in buying bitcoins ( with todays price 250.50 ) ..that's mean I have 49 bitcoin .. And the price Rise *for example* to 300 $ .. So I Earn 2470 $ .. If there is no Instant buyer , i will lose money * as the price rise and fall * .. Am I Illustrate it right ?

Nrcewker

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in fact, no exchanges support paypal, you can only sell your bitcoins with OTC.

for time, it depends on you and your trade opponent

mookid

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Quote from: hex13 on October 13, 2015, 11:47:47 AM

Thanks for response

I Just thought that the moment I need to sell my bitcoins will be instantly .. I didn't know that it take time and buyers and all these things .. I thought it like STOCK market ..

The sell orders can be executed in seconds, but the weak link is the FIAT (USD$) withdrawal. What i mean by this is that, you can transfer bitcoin in minutes to the exchange, but currencies like dollar$ take days to deposit and withdraw. You need to take that in mind when you negotiate with BTC/FIAT pairs.

Hellacopter

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Quote from: hex13 on October 13, 2015, 06:17:34 AM

Please Help me
I'm From Middle east
I need to know how much time to sell bitcoins and how I transform bitcoin to paypal or cash ?
Thanks in Advance

Hello bro,
it consume some time to find buyers , you can use this forum 'exchange section) to sell your bitcoins, through trusted escrow, so you can't lose your money.
The same section 'exchange) you can post there about exchange your Bitcoin to Paypal or other ewallets, there is many members in this forum can help you.
Cheers,

Ceizer54

full member

Activity: 196

Merit: 100

It depends which service you use to sell bitcoins..i mean if you use localbitcoins then you have two options either to sell online or locally,if you choose online option and sell online (only sell via escrow) then it will be fast obviously compared to offline sell where you meet face to face with the seller.
Otherwise you can also sell here your bitcoins for payment in the "Exchange Currency" section and as soon as you find a buyer you can sell bitcoin(again use escrow to be safe)

hex13

newbie

Activity: 13

Merit: 0

[/quote]

Join an exchange and you can buy and sell instantly.
[/quote] >> It was a question not a sarcasm or frustration from bitcoin selling !! .. anyway thanks for you response

- There is Site called coinebase .. that sell and buy coins .. I didn't understand that point .. If the site could buy from me or what !

- Mr.twister
I'm from Egypt .. and the only way to put money and receive it is Paypal .. So what could I do ??

-OmegaStarScream

Love Algerian nation barsha barsha .. thanks man
I'm Newbie in the bitcoin .. and I didn't know the basic of how I could buy and sell and transfer bitcoins to Egyptian pound cash ..

OmegaStarScream

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Quote from: hex13 on October 13, 2015, 11:47:47 AM

Thanks for response

I Just thought that the moment I need to sell my bitcoins will be instantly .. I didn't know that it take time and buyers and all these things .. I thought it like STOCK market ..

I'am from the middle east aswell , if you are from Algeria then PM me I will let you know the easiest way to sell your BTC to your CCP (that's if you are on algeria as I said) .
Easiest way if you ask me would be to post on "Currency exchange" section and search for people accepting Paypal and youare good to go . However make sure that you trade with trusted people otherwise they will chargeback and you will be on a back situation .

spazzdla

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Quote from: hex13 on October 13, 2015, 11:47:47 AM

Thanks for response

I Just thought that the moment I need to sell my bitcoins will be instantly .. I didn't know that it take time and buyers and all these things .. I thought it like STOCK market ..

Join an exchange and you can buy and sell instantly.

hex13

newbie

Activity: 13

Merit: 0

Thanks for response

I Just thought that the moment I need to sell my bitcoins will be instantly .. I didn't know that it take time and buyers and all these things .. I thought it like STOCK market ..

Cereberus

legendary

Activity: 910

Merit: 1000

If you have connections. No time at all. You would need to trust the ones you deal with to have smooth and fast transaction. The most time takes when the bitcoins are sent. When the seller sends them it can take up to 1 hour sometimes for confirmations. Depending on the wallet that you use.
If this is what your asking, from what I can understand.

twister

hero member

Activity: 672

Merit: 502

Quote from: hex13 on October 13, 2015, 06:17:34 AM

Please Help me
I'm From Middle east
I need to know how much time to sell bitcoins and how I transform bitcoin to paypal or cash ?
Thanks in Advance

It takes as much time as it takes you to find a buyer, you can either google and find an exchange in your country, if you can't find one I think http://Localbitcoins.com is available everywhere or you can use the Currency Exchange section of this forum to find a buyer and make a trade.

But here are a few pointers for trading succefully without getting scammed:

1.) Always use escrow
2.) Use a payment option which is not reversible (Paypal can be charged back)
3.) Clear the terms of the trade prior to making the trade and stick to them

Scroll down on the main page of the forum and you'll find Local sections and you might find people from your region.

hex13

newbie

Activity: 13

Merit: 0

Please Help me
I'm From Middle east
I need to know how much time to sell bitcoins and how I transform bitcoin to paypal or cash ?
Thanks in Advance

Topic: How much time dows it take to sell bitcoin ? (Read 1839 times)