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Topic: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ? (Read 222 times)

full member
Activity: 459
Merit: 117
Find someone who want to buy your bitcoin, and meet her/him face to face to make cash transaction.
I don't know if there is any other way.
This is the only one way i think. Not other way to cash out without bank account.
Why dont you have bank account? If you want to cash out then bank account is a must to have.
Exactly my though. I mean if you dont have your personal bank account you can always use your family account. I mean someone you know must have it right ? Or it can go like he send you some stuff that you want and you send him the cryptocurrency.
hero member
Activity: 1442
Merit: 629
Vires in Numeris
OK, since last evening I had a look at some of the above mentioned bitcoin debit cards.... (and now I have realized that on the website cryptocompare.com they only marked the debit cards affected by the VISA WaveCrest ban, but the remaining cards are also affected partly, by the VISA and MasterCard ban.)
Just two examples:
AdvCash: it seems available in the cryptocompare.com listing, but checking the bitcointalk.org thread https://bitcointalk.org/index.php?topic=1011381.1380 it seems that now this debit card is also closed and users can only withdraw their funds from the card, before it terminates in Feb.2018.
PayCent: it seems that they have closed down the former card and a new card is about to start now, but it's not the traditional bitcoin debit card
So it seems it's better to do your own research if you want to use a bitcoin debit card and this forum seems to be the best place to find information about your preferred card.
hero member
Activity: 1442
Merit: 629
Vires in Numeris
Aha, use a Bitcoin debit card!

There are several providers, but card types (transaction types) fall into two categories.

(1) Direct from BTC Wallet - This type will debit your assigned Bitcoin wallet with Coinbase directly with each point of sale purchase. This way you're money is in Bitcoin until it is used for a purchase. The downside is that (in the US) each purchase represents a taxable event.

(2) Pre-loaded from BTC Wallet - This type will allow you to load your debit card with an amount of Bitcoin, transferred into USD. Then you can use the card for as long as you have a USD balance loaded on the card. This way you can lock in Bitcoin gains for later purchases and you can control the number and size of transactions (the card loads) that represent taxable events.

Here's a site that can help you sift through the options: https://www.cryptocompare.com/wallets/#/cards

I've just run thru the 53 offered cards, I thought it will be a hard work to check them all... But because of VISA's ban on WaveCrest, most of the cards are not available at the moment, so there are 19 remaining cards to choose from, so it's a bit easier to check them one by one.
(Originally there were 53 cards, 46 issued by VISA and 7 by MasterCard. There were 25 USD cards, 16 EUR and the remaining 12 are GBP.)
If we don't think that the card offering wallets will be able to find another card issuer company in the near future, we only need to check the reamaining 19 cards:

It seems that for GBP currency there are only 2 cards. EUR: 4, USD: 13
If you want some anonimity (at least on medium level) and also instant topups, you can select only WageCan card for both currencies (I don't know the card, so I cannot say anything about it).
So the list is pretty short, compared to the times before the VISA ban...
hero member
Activity: 2912
Merit: 556
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How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

it is easy, you only need to ask your family that have a bank account, then you can sell your bitcoin to that bank account but I suggest that you use localbitcoin.com as they can help you to send in any of bank account especially if you can find local seller so you can get the money in short time.
full member
Activity: 196
Merit: 100
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

Find someone who want to buy your bitcoin, and meet her/him face to face to make cash transaction.
I don't know if there is any other way.



This is the only one way i think. Not other way to cash out without bank account.
Why dont you have bank account? If you want to cash out then bank account is a must to have.
newbie
Activity: 62
Merit: 0
The main road you must create account first, because bitcoin can only be exchanged through bank, from wallet coin to exchange, after exchanged then sent to your account.
Or you are exchanged through your close friend who has a bank account.

Where have you been hiding dude? You can exchange your Crypto into Fiat with or without Bank.
jr. member
Activity: 266
Merit: 1
There are a lot of currency exchange that accept bitcoin to fiat. Here in our country there is an app which just as I said convert bitcoin to fiat and we can cash it out on local establishments and also banks. Im sure you can find similar like the ones I am using available in your place also.
full member
Activity: 476
Merit: 107
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

You can find trusted person that is willing to buy your bitcoin in exchange for his fiat money. Exchange your bitcoin via online using an escrow or you can deal with him face 2 face. Here in my country, i can convert my bitcoin into fiat money and withdraw it via remittance center like western union remittance.
sr. member
Activity: 434
Merit: 250
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

you must register to wallet exchanger in your country. and you can convert it into cash
Brother again your not understanding the question of op . He is asking without bank account hard cash money . Almost all exchanges required bank account they will send money through bank . Op doesn’t required bank account.
sr. member
Activity: 434
Merit: 250
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

There are many ways of doing it, go to currency exchange and trade your money for PayPal. You can even buy amazon and other vouchers and then sell them. Best solution head on to local bitcoins.com search cash options and you shall get it. Just make sure whomever you deal with is verified has done transaction and has good reviews
But in my country PayPal also required bank account because based on my country regulation we can’t keep money in PayPal more than specified days . So PayPal for my country bad idea . I am finding trust worthy people to sell bitcoin.
member
Activity: 279
Merit: 11
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

you must register to wallet exchanger in your country. and you can convert it into cash
member
Activity: 392
Merit: 10
You can contact some people online and deal with them in person at the right price!

You can also transfer BTC to someone you know, and ask him to convert it to legal tender, but it may cost you some money!
newbie
Activity: 35
Merit: 0
I think you better have a bank account, in order to facilitate the conversion process into cash, if not yet, I agree with the opinion of friends, using paypal from local bitcoin
full member
Activity: 896
Merit: 117
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Localbitcoins near you or if you have facebook join some Bitcoin network group then ask them if they are buying and selling bitcoin then make an appointment. If you don't have banks then bring Big bag with you if you going to deal a big transaction of money.
hero member
Activity: 1106
Merit: 638
Aha, use a Bitcoin debit card!

There are several providers, but card types (transaction types) fall into two categories.

(1) Direct from BTC Wallet - This type will debit your assigned Bitcoin wallet with Coinbase directly with each point of sale purchase. This way you're money is in Bitcoin until it is used for a purchase. The downside is that (in the US) each purchase represents a taxable event.

(2) Pre-loaded from BTC Wallet - This type will allow you to load your debit card with an amount of Bitcoin, transferred into USD. Then you can use the card for as long as you have a USD balance loaded on the card. This way you can lock in Bitcoin gains for later purchases and you can control the number and size of transactions (the card loads) that represent taxable events.

Here's a site that can help you sift through the options: https://www.cryptocompare.com/wallets/#/cards
sr. member
Activity: 1008
Merit: 355
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

The best way is to use P2P or peer-to-peer transaction. Basically, this means looking for an interested buyer of Bitcoin within your own country and take cash in exchange for your cryptocurrency. I am glad that am in a country which has at least one good exchange service provider and we can easily change our Bitcoin into fiat cash in many ways than one. These days, banks can getting stricter and we already have one big commercial bank here which refused to get connected with Bitcoin as it deemed to be a big ponzi scam.
full member
Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
If you don't have the bank account then local transaction is the only option or you can use paypal from the localbitcoins.com but meeting the traders are riskier because these kind of transactions will end in the thefts.
Ahmmmm but why you don't have a bank account,I think opening a bank account is simple than finding a trader at your locale I don't think it will take more than ten minutes to open an bank account. Smiley
full member
Activity: 364
Merit: 107
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

I do not know from which county your from but if you are from the philippines you can download coins.ph and convert your bitcoin to philippine peso then they have an option to deliver the cash.

Also you may join some groups in social media and advertise. if there is someone who are willing to buy your coins you can meet face to face or if he is a trusted member you can just send the coin and accept payment via western union or paypal.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
You can sell your bitcoin for hard cash via LocalBitcoins[1]. Just select your country and city and look through the offers, from there you can contact the buyer and you can meet up in person(preferably in a safe place, like near a bank where there's security guards around). Or you can set up your own offer if you don't like the prices.


[1] https://localbitcoins.com/
newbie
Activity: 47
Merit: 0
The main road you must create account first, because bitcoin can only be exchanged through bank, from wallet coin to exchange, after exchanged then sent to your account.
Or you are exchanged through your close friend who has a bank account.
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