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Topic: How to cash out (Read 270 times)

newbie
Activity: 20
Merit: 0
February 14, 2018, 08:02:43 AM
#36
You can try Coinbase or Kraken. I think Kraken is the better choice. The time frame for a bank withdrawal is between 24 hrs - 72 hrs.
member
Activity: 392
Merit: 39
February 14, 2018, 07:53:24 AM
#35
Hey guys,
How do you cash out from other currencies including bitcoin and altcoin from exchange site back to USD?

Just do not use traditional exchanges and that is it.

I am always using localbitcoins in order to withdraw all my earnings when i want to. It is easy, and you an do it by P2P.



Isnt it risky to sell on localbitcoin? What if you sell it to a criminal (who you dont know), can you be held accountable?
Firstly, try to sell as anonymously as possible.

Also: don't sell to criminals. Sell to established members only. Some of them even have offices and they operate more like small exchanges than just "localbitcoin folks". Anyway, it is true where I live, I am not claiming it is like that everywhere.

actually it is the good way if you have a too many social media friends or groups that need that coin or want to invest to that coin.  (...)

Sorry, maybe I was not precise enough. I didn't mean the social network, although this is an excellent idea too. What I ment to say is that you may try to find a well established Local Bitcoin member with an office and trade with him. It is possible where I live.
sr. member
Activity: 406
Merit: 250
February 14, 2018, 07:36:22 AM
#34
Hey guys,
How do you cash out from other currencies including bitcoin and altcoin from exchange site back to USD?

Just do not use traditional exchanges and that is it.

I am always using localbitcoins in order to withdraw all my earnings when i want to. It is easy, and you an do it by P2P.



Isnt it risky to sell on localbitcoin? What if you sell it to a criminal (who you dont know), can you be held accountable?
Firstly, try to sell as anonymously as possible.

Also: don't sell to criminals. Sell to established members only. Some of them even have offices and they operate more like small exchanges than just "localbitcoin folks". Anyway, it is true where I live, I am not claiming it is like that everywhere.

actually it is the good way if you have a too many social media friends or groups that need that coin or want to invest to that coin.  In that way the fee was not too large, but it not too easy if they didn't want your token/coin so you need to sell it at some site specially a site with a good exchange with that coin.

To cash out, if there has app or things that can exchange your coins into fiat, you can change it then also to put it on some credit card.

Here at Philippines, we have an app called "coins.ph" that can convert bitcoin into php then there are some store or atm machine that can withdraw using coins.ph.
member
Activity: 392
Merit: 39
February 14, 2018, 07:02:00 AM
#33
Hey guys,
How do you cash out from other currencies including bitcoin and altcoin from exchange site back to USD?

Just do not use traditional exchanges and that is it.

I am always using localbitcoins in order to withdraw all my earnings when i want to. It is easy, and you an do it by P2P.



Isnt it risky to sell on localbitcoin? What if you sell it to a criminal (who you dont know), can you be held accountable?
Firstly, try to sell as anonymously as possible.

Also: don't sell to criminals. Sell to established members only. Some of them even have offices and they operate more like small exchanges than just "localbitcoin folks". Anyway, it is true where I live, I am not claiming it is like that everywhere.
newbie
Activity: 162
Merit: 0
February 14, 2018, 06:55:42 AM
#32
There is so many way to cash out of Bitcoin. You can cash out from bitcoin  by using payza.It depends on what exchange you use if you use local exchange most likely there is with local money from your country which can be withdraw directly to your bank account but if you use universal exchange like coinbase bitstamp or other popular exchange they have their own arrangement about it.
member
Activity: 308
Merit: 10
February 11, 2018, 06:36:50 AM
#31
Hey guys,

How do you cash out from other currencies including bitcoin and altcoin from exchange site back to USD?

There are many ways you can cash out your BTC.
The simplest way to cash out your altcoins to USD and other fiat currencies is by going through an exchange that supports fiat conversions. A second exchange is necessary because, unlike Bitcoin, altcoins are not readily convertible to fiat currency.
As it stands, only a select few tokens can be exchanged for fiat currencies. Additionally, only a handful of cryptocurrency exchanges can make this trade for you. They need to convert to the proper coin and navigate through multiple exchanges can make cashing out a confusing process.
newbie
Activity: 26
Merit: 0
January 29, 2018, 03:47:13 AM
#30
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jr. member
Activity: 196
Merit: 1
January 21, 2018, 04:23:42 PM
#29
Hey guys,
How do you cash out from other currencies including bitcoin and altcoin from exchange site back to USD?

Just do not use traditional exchanges and that is it.

I am always using localbitcoins in order to withdraw all my earnings when i want to. It is easy, and you an do it by P2P.



Isnt it risky to sell on localbitcoin? What if you sell it to a criminal (who you dont know), can you be held accountable?
sr. member
Activity: 1512
Merit: 326
January 21, 2018, 03:59:09 PM
#28
It depends on what exchange you use if you use local exchange most likely there is with local money from your country which can be withdraw directly to your bank account but if you use universal exchange like coinbase bitstamp or other popular exchange they have their own arrangement about it ,
I suggest you read all terms and rules in an exchange.
so you do not do 2 times deposit and 2 times withdraw in an exchange to minimize the losses from the fee incurred.
full member
Activity: 336
Merit: 100
January 21, 2018, 03:51:18 PM
#27
Hey guys,
How do you cash out from other currencies including bitcoin and altcoin from exchange site back to USD?

Just do not use traditional exchanges and that is it.

I am always using localbitcoins in order to withdraw all my earnings when i want to. It is easy, and you an do it by P2P.
newbie
Activity: 126
Merit: 0
January 21, 2018, 03:49:14 PM
#26
Get verified on the exchange you intend to cash out from and they might send your withdrawal direct to your bank account through swift transfer. But there is a limit of amount fiat money you can cash out in a day.
jr. member
Activity: 196
Merit: 1
January 21, 2018, 03:23:26 PM
#25
Coinbase has been the most easiest and reliable place for me to sell gains from cryptocurrency into USD. It only takes 5 days to a week for the sell to show into your bank account too.


How long does it take for it to show in USD wallet?
full member
Activity: 239
Merit: 250
January 06, 2018, 07:48:49 AM
#24
How do you cash out from other currencies including bitcoin and altcoin from exchange site back to USD?

The guy sharing instructions for using Bittrex are great if you also use Bittrex. I don't think you mentioned which wallet and exchange you're planning to use.

Which wallet do you have your crypto currencies in? Which currency are you starting with (that you want to sell)?

Which exchange do you intend to use for this liquidation/sale? Have you established an account with an exchange yet?

With this information we can give you more specific advice. Looking forward to hearing from you!


Hey. I am talking about bitterex, cryptopia and yobit and other exchanges where if i want to cash out, what is cheapest and safest way to send over
bitcoin or altcoin to convert to fiat.

How much can you cash out by localbitcoin?
you can just exchange all of your alts to bitcoin and send your btc from all exchanges to coinbase and sell it or pool it into 1 wallet, then sell it to colleagues and get paid with your local currency
jr. member
Activity: 196
Merit: 1
January 06, 2018, 07:45:44 AM
#23
How do you cash out from other currencies including bitcoin and altcoin from exchange site back to USD?

The guy sharing instructions for using Bittrex are great if you also use Bittrex. I don't think you mentioned which wallet and exchange you're planning to use.

Which wallet do you have your crypto currencies in? Which currency are you starting with (that you want to sell)?

Which exchange do you intend to use for this liquidation/sale? Have you established an account with an exchange yet?

With this information we can give you more specific advice. Looking forward to hearing from you!


Hey. I am talking about bitterex, cryptopia and yobit and other exchanges where if i want to cash out, what is cheapest and safest way to send over
bitcoin or altcoin to convert to fiat.

How much can you cash out by localbitcoin?
hero member
Activity: 887
Merit: 516
Bitcoin OG
January 06, 2018, 05:53:30 AM
#22
Coinbase has been the most easiest and reliable place for me to sell gains from cryptocurrency into USD. It only takes 5 days to a week for the sell to show into your bank account too.
full member
Activity: 458
Merit: 112
January 06, 2018, 05:51:55 AM
#21
Now a days there are too many system to cash out your coin . Now you can cash out via Payza because payza support now bitcoin.
there's a lot of wallet now with their own conversion as btc grows worldwide different country now are creating a wallet which includes bitcoin to fiat and withdraw in some establishments or bank deposit.
full member
Activity: 224
Merit: 101
January 06, 2018, 05:47:23 AM
#20
i have cashed out some from kraken, didn't take long (around one week) to get money to my bank account but be aware, in this moment kraken is pathetic, slow, working in degraded mode for months.
Stay away from them until they upgrade their system (which should have been done 1 month ago already).
member
Activity: 400
Merit: 59
January 06, 2018, 05:45:17 AM
#19
Hey guys,

How do you cash out from other currencies including bitcoin and altcoin from exchange site back to USD?
I am a Chinese, so I exchange RMB, which is easy. I just need to sell my tokens in China.
Same with you, i'm a filipino in the Philippines,first we transfer it to our wallet( most of us are using coins.ph as a local wallet) then we just need to convert other coins to bitcoin to become easy converting to our fiat money which is Philippine Peso, then theres instruction from where you can cash it out but only selected banks are indicated but it has many branches.
hero member
Activity: 1526
Merit: 596
January 06, 2018, 05:43:51 AM
#18
Hey guys,

How do you cash out from other currencies including bitcoin and altcoin from exchange site back to USD?
Just use large exchanges like HITBTC, poloniex or bitfinex (and a bunch of others too). Just be sure not to transact all your BTC at once and also be wary that even these large exchanges have scammed people before in the past.

Trade with caution, though IMO the best way to trade bitcoin only right now is to use the website localbitcoins.com.

Its easy to use, and fast. Thats it. Just convert all your alts into BTC, then sell. Selling directly to fiat usually has bad rates.
member
Activity: 224
Merit: 11
The Experience Layer of the Decentralized Internet
January 06, 2018, 05:17:56 AM
#17
Hey guys,

How do you cash out from other currencies including bitcoin and altcoin from exchange site back to USD?
I am a Chinese, so I exchange RMB, which is easy. I just need to sell my tokens in China.
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