How to convert ICO ethereum to USD | Bitcointalksearch.org

gerrrr

newbie

Activity: 17

Merit: 0

Quote from: fidentiaX on September 26, 2017, 10:44:19 PM

However, i think most approach (legit ICOs) will be selling off eth as and when they need the funds for the project. dollar-cost-averaging is always the best approach.

Project do not need all money right away. Why not hold etherium for better price and then can do more?

fidentiaX

full member

Activity: 187

Merit: 104

Quote from: gerrrr on September 26, 2017, 10:39:34 PM

Bad idea to sell Ethereum lots after an ICO. Big sales cause price drops which makes more selling by others. Only cause more price decline. Better to sell little at time or just hold since price is lower.

theoritically if the market cap of eth is big enough, ICO sell-off should not have significant impact on the price movement unless they raised huge.
However, i think most approach (legit ICOs) will be selling off eth as and when they need the funds for the project. dollar-cost-averaging is always the best approach.

gerrrr

newbie

Activity: 17

Merit: 0

Bad idea to sell Ethereum lots after an ICO. Big sales cause price drops which makes more selling by others. Only cause more price decline. Better to sell little at time or just hold since price is lower.

fidentiaX

full member

Activity: 187

Merit: 104

Quote from: Aizhen05 on September 26, 2017, 02:39:33 PM

Quote from: viper1981 on September 26, 2017, 02:15:21 PM

Quote from: fidentiaX on September 26, 2017, 12:33:20 PM

Quote from: lottesy on September 26, 2017, 07:53:41 AM

There are some new BTC friendly global banks. You can open an account really fast and transfer BTCs there. They will convert to USD and you can use for your current needs. Check this one https://wb21.com/

this is interesting, is this actually a bank?
Can't really get much information on their website.

anyone tried their services?

thanks!!

i am wondering the same thing.

if that really exist then it such a pleasure

i can easily come up with a couple of reasons why they can't exist.... but then again change is the only constant

reflector

sr. member

Activity: 826

Merit: 263

Quote from: Btc_1856 on September 26, 2017, 05:49:54 AM

You can find a lot of exchanges out there where you can exchange ETH to USD market. Many companies after conducting the ICO they will start converting their raised ETH to USD in the exchanges.

Newly introduced ICO coin will not be placed in the market capital list but you need to wait till it is been added to it. Then only we will be able to check and find the value of the concern coin.
If the coin value turns good you can convert it as bitcoin to exchange using any trading site for fiat conversion.

Aizhen05

full member

Activity: 205

Merit: 100

Quote from: viper1981 on September 26, 2017, 02:15:21 PM

Quote from: fidentiaX on September 26, 2017, 12:33:20 PM

Quote from: lottesy on September 26, 2017, 07:53:41 AM

There are some new BTC friendly global banks. You can open an account really fast and transfer BTCs there. They will convert to USD and you can use for your current needs. Check this one https://wb21.com/

this is interesting, is this actually a bank?
Can't really get much information on their website.

anyone tried their services?

thanks!!

i am wondering the same thing.

if that really exist then it such a pleasure

viper1981

newbie

Activity: 10

Merit: 0

Quote from: fidentiaX on September 26, 2017, 12:33:20 PM

Quote from: lottesy on September 26, 2017, 07:53:41 AM

There are some new BTC friendly global banks. You can open an account really fast and transfer BTCs there. They will convert to USD and you can use for your current needs. Check this one https://wb21.com/

this is interesting, is this actually a bank?
Can't really get much information on their website.

anyone tried their services?

thanks!!

i am wondering the same thing.

fidentiaX

full member

Activity: 187

Merit: 104

Quote from: lottesy on September 26, 2017, 07:53:41 AM

There are some new BTC friendly global banks. You can open an account really fast and transfer BTCs there. They will convert to USD and you can use for your current needs. Check this one https://wb21.com/

this is interesting, is this actually a bank?
Can't really get much information on their website.

anyone tried their services?

thanks!!

VanDerWaals

member

Activity: 112

Merit: 10

There is no problem with exchange ETH to USD. What can be a problem is transferring USD to your bank account, it depends of country where you have your account. There can be a legislation that your bank has to report when you receive a large amount of money.

100degrees

member

Activity: 108

Merit: 10

You need to contact the exchange personally and they can give you a rate for a large amount. There will definitely be some KYC associated, but if everything is legit is should not be an issue

lottesy

jr. member

Activity: 53

Merit: 10

There are some new BTC friendly global banks. You can open an account really fast and transfer BTCs there. They will convert to USD and you can use for your current needs. Check this one https://wb21.com/

APICEMTECH

full member

Activity: 308

Merit: 100

Blockchain Just Entered The Real World

Why not use any of the exchanges to convert the eth in usd and then transfer that into your bank account? I have also heard that there is a large group of people who do OTC trading also.

aiwazz

member

Activity: 88

Merit: 10

Send me PM I can give you link to market where you can trade ETH/BTC/LTC/DASH and couple of another currency to PLN/EUR/USD.
It's reflink, so i'll not post here, just on PM if you want.

Voice-Of-Reason

full member

Activity: 228

Merit: 100

it would be against their own interest doing a full ico eth dump, it would drive the price down leading to getting less fiat...

so I suppose the most effective way would be a slow market price sale during a few weeks/months

Btc_1856

sr. member

Activity: 1540

Merit: 255

You can find a lot of exchanges out there where you can exchange ETH to USD market. Many companies after conducting the ICO they will start converting their raised ETH to USD in the exchanges.

Sungoku

sr. member

Activity: 462

Merit: 257

Quote from: viper1981 on September 25, 2017, 02:57:15 PM

When an ICO is completed, some of the ethereums need to be cash out to USD or any other currency in order to advance with the project.

How can this be done with all the restrictions that banks are imposing to blockchain?

I appreciate your comments.

if you have got a coin from ico, yes I think you can sell it in market provided,
like etherdelta, bittrex and others

wpalczynski

legendary

Activity: 1456

Merit: 1000

For a high amount ICO cash out, I would personnaly go for Bitfinex but there are probably other good ways to go (Coinbase or else).

JasonXIII

member

Activity: 106

Merit: 12

Quote from: viper1981 on September 26, 2017, 04:38:31 AM

thank you for your comments but this is when trading small amounts of ethereums.

i am talking for an ICO cash out.

If they sell in one time they dump the market, so I think they are doing it on several days on several exchanges.

renes

sr. member

Activity: 532

Merit: 250

Bitfinex or coinbase, you can convert those high amount of ethereum to usd, not all countries or banks restricted ICO projects so they can use bank accounts.

fidentiaX

full member

Activity: 187

Merit: 104

for larger amount, you could contact more established exchanges to arrange for OTC deals.
pricing will be an issue.

Topic: How to convert ICO ethereum to USD (Read 566 times)