how to turn your blockchain balance into real money? - page 5.

Choii

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Quote from: Justyn on January 08, 2018, 04:22:51 PM

I'm assuming you mean blockchain.info, and if so, you just need to register on an exchange and verify your account. From there you can deposit your bitcoin and sell it for your local currency. Wink

(However I recommend HODLing)

He want to withdraw his balance from BlockChain and change to real money using their localwallet because he/she want to cashout but he/she don't know what is the recommende wallet for their country, ( am i right @CRST?? )

BTCtrader9

newbie

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Go to localbitcoins and sell it someone for Cash or Instant bank transfer?

Or you can also register on a local exchange, trade it for your local currency and then probably withdraw the money in your currency directly from the exchange.

maimainguyen05

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Stake & Vote or Become a IoTeX Delegate!

Quote from: crst on December 19, 2017, 06:59:08 PM

I don't know how to cashout? I am from Romania, what are the possibilities to cashout a large sum of money at once?

You cannot turn from blockchain to real money because blockchain is the name of the technology of electronic money. You can only switch from cryptos to real money by putting the cryptos on your home exchange and selling them for cash. However, if you sell cryptos you are buying fiat money, and fiat money will gradually decrease rates over time but never increase like cryptos

)

hunter50

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There are many bitcoin to cash exchang wallet in the market in that localbitcoins is one of the good one for the long time. If you want to buy and sell you should have the wallet in the coinbase wallet but there is no optio for cashing out fund there we can only used that wallet to hold our bitcoin. it's the best way to dilute your bitcoin fund.

portotoi

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Blockchain with a Purpose

Quote from: crst on December 19, 2017, 06:59:08 PM

I don't know how to cashout? I am from Romania, what are the possibilities to cashout a large sum of money at once?

In order to cash out, you must convert your altcoins to bitcoins and you need to make a bitcoin wallet. In my country we used here the Coin.ph to convert my bitcoin to national currency and then cash out. But I don't know in your country if what wallet you are using for cash out. I think you should ask for your friends who are resident also of your country.

Rotsor

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Presale is live!

You need to sell the bitcoins to get real money.

lia_anti

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frmracc

full member

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Blockchain is an online web bitcoin wallet and your balance on blockchain is bitcoin. To turn your bitcoin into real money, you can use coinbase service or localbitcoin. Well i'm not from serbia but usually people use coinbase or localbitcoin to cash out their bitcoins into fiat.

iv4n

legendary

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Quote from: mondobitcoin on January 13, 2018, 04:19:15 AM

With blockchain balance do you mean blockchain.info wallet balance?
If yes, you can't cashout directly from it, you need to sell or exchange your bitcoin and then get the fiat currency
I can recommend you LocalBitcoin which allow you to sell your bitcoins and receive real money with your local currency, it's easy

He probably means that, he can cash out directly there but in case that he is from some third world country he will need to look for some other way, like trough some exchange site that is connected with some bank in his country or trough localbitcoins site. Many times people don't give enough informations about what they exactly mean, and how can we help him. He could at least say where he lives, in which country, if he is from Serbia for example I would exactly tell him which ways there are for cashing out, if he is from some other country someone else would give better advice.

mondobitcoin

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With blockchain balance do you mean blockchain.info wallet balance?
If yes, you can't cashout directly from it, you need to sell or exchange your bitcoin and then get the fiat currency
I can recommend you LocalBitcoin which allow you to sell your bitcoins and receive real money with your local currency, it's easy

gua86402

newbie

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You can cash it on the exchange. First you find an exchange, after the registration, there will be some kind of block chain wallet, you prepaid phone to exchange their own digital currency wallet purse, wallet through exchange into legal tender! The general process should be like this, hope can help you!

Vilgax73

newbie

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You can try bitcoinromania.ro, they also have a BTC ATM in Bucharest.

LuanX3

hero member

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Try localbitcoins probably it is available in your country. I think that's your best option since for sure there are a lot of traders in localbitcoins that can buy your bitcoins piece by piece and eventually be able to sell everything if in case you have so much that it is hard to sell everything. But if you are talking about something less than $10,000 then that's not really a problem. I've had experience trading at that level and I only had to talk to one person, though that is not in Romania, so I am not so sure. You should probably try to talk to one of the traders on your localbitcoins area.

BlockTechnology

newbie

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I use the card of the Advcash system, works fine, with low commission, cooperates with Visa

Victorycoin

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Quote from: milewilda on January 08, 2018, 04:20:16 PM

Quote from: Granxis on January 08, 2018, 12:13:32 PM

There is no blockchain balance. Blockchain is a technology system, not related to economy. Bitcoin is a payment made to promote blockchain technology. You can convert
Bitcoin to cash on exchange through the exchange, you can find a seller from a country you are on https://localbitcoins.com.

Maybe he do mean blockchain.info wallet balance? but quiet confusing since he didnt mention about its a wallet or literal the blockchain thing thing. Lets assume this is a blockchain balance then you can easily make it turn into real money. Localbitcoins would be the place and also there are exchange that do easily make convertions that you can easily exchange your btc to local fiat then directly withdrawn to your bank.

Must be he was referring to cashing out from a wallet at blockchain.info, but I should be expecting he ought to know far better about wallets - how to use them effectively and how to secure them, if truly he has got some big amount to cash out or how exactly did he come into the coins in the first place? I pray it isn't anything am thinking Cool

mostkey

sr. member

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Quote from: Granxis on January 08, 2018, 12:13:32 PM

There is no blockchain balance. Blockchain is a technology system, not related to economy. Bitcoin is a payment made to promote blockchain technology. You can convert
Bitcoin to cash on exchange through the exchange, you can find a seller from a country you are on https://localbitcoins.com.

in blockchain you can only do shipping transactions and not to look for bitcoin funds. for that you need exchange and localbitcoins is one place to convert your btc into fiat. for you to make a quick disbursement. it is the best way to dilute your bitcoin fund. and the limit of transaction limit is usually set by a certain exchange

hugeblack

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Quote from: crst on December 19, 2017, 06:59:08 PM

I don't know how to cashout? I am from Romania, what are the possibilities to cashout a large sum of money at once?

best way to turn your wallet balance into real money is p2p sellers (use local board to find some).
also, try to use some online sellers sites like paxful,.........
if you want to cashout more than 10,000$ avoid using exchange sites.

AngelSky

hero member

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Quote from: ricardobs on January 11, 2018, 02:56:15 AM

Quote from: Granxis on January 08, 2018, 12:13:32 PM

There is no blockchain balance. Blockchain is a technology system, not related to economy. Bitcoin is a payment made to promote blockchain technology. You can convert
Bitcoin to cash on exchange through the exchange, you can find a seller from a country you are on https://localbitcoins.com.

I’m also saying the same thing, if you want to withdraw your Bitcoin you should make use of localbitcoins to find an exchanger and then sell to them. But I think the op knows it is called Bitcoin, cause from what he said – how do I withdraw my blockchain balance–, so there’s no need to think he’s a dummy.

Blockchain does not provide that service as of now. If you want to buy and sell you should have the wallet in the coinbase wallet. You can do this expectation with that wallet still they are not a trusted wallet by anyone since they does not shared the private key to us.
As you said there are some fiat exchange providers are there in the market, LBC is the one of the best service provider to exchange the bitcoin to cash. Almost for all the countries they give the service. If they takeaway the deposit fees as like before. It would be the best exchange.

ricardobs

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Quote from: Granxis on January 08, 2018, 12:13:32 PM

There is no blockchain balance. Blockchain is a technology system, not related to economy. Bitcoin is a payment made to promote blockchain technology. You can convert
Bitcoin to cash on exchange through the exchange, you can find a seller from a country you are on https://localbitcoins.com.

I’m also saying the same thing, if you want to withdraw your Bitcoin you should make use of localbitcoins to find an exchanger and then sell to them. But I think the op knows it is called Bitcoin, cause from what he said – how do I withdraw my blockchain balance–, so there’s no need to think he’s a dummy.

reflector

sr. member

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Quote from: katinko on January 09, 2018, 11:23:20 AM

I think the main answer for that is you should transfer your fund in local bitcoin wallet to cashout your fund, blockchain is universal wallet but there is no option for cashing out our fund there, we can only used yhat wallet to hold our bitcoin.

There are many bitcoin to cash exchange wallet in the market in that localbitcoins is one of the good one for the long time. We need to find the more deposit value increases in lbc wallet also in the recent days.
You cannot able to use the blockchain wallet to exchange the fund if there is any online e-commerce or elsewhere. I am really sure then only bitcoin can be used.

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