Topic: My ICO was successful, how can I withdraw ICO fund into fiat currency? (Read 387 times)
March 17, 2018, 06:51:24 PM
Of course you can,i had a friend who are using casinos to exchange his bitcoins to fiat,you can do that also if you dont want these banks to be involved,because the government is strictly watching and you could be accused as money launderer if you have millions of dollars in your pocket,if i were you i would put into several bank accounts or you can use swiss account.
March 17, 2018, 06:47:39 PM
You can widraw it thru coinbase if you are a u.s citizen if not,your only choice would be to sell it to the people who are willing to pay in cash,or check your local exchanges because im sure they are willing to pay your bitcoins with their cash,if you really needed big amounts of money banks isnt an optoin because you could be questioned if we are talking about millions of dollars.
March 17, 2018, 05:53:37 PM
If my ICO hits the hard cap.
How can I withdraw the ICO funds into fiat currency? through the bank? how is this possible?
How can I withdraw the ICO funds into fiat currency? through the bank? how is this possible?
Will,thats depend in your country if they accept bitcoin convert into fiat currency by withdrawing into the bank,actually mostly some of all bitcoiners or investor is using a exchange trading site to convert there altcoins into fiat money so why that did'nt not you try it,so that you can get that you investment from the ICO that you partcipating and enjoy the profits of your hardwork.
March 16, 2018, 12:09:11 PM
Sell it first to the market.
Turn into BTC or ETH, then you can pay out to USD with escrow to people or redeem it to paypal.
Turn into BTC or ETH, then you can pay out to USD with escrow to people or redeem it to paypal.
March 16, 2018, 11:24:34 AM
The easiest way is to sell it to someone personally. If this is not possible, then use the exchanges.
March 16, 2018, 11:23:09 AM
First, if you're in the US or a US Corp the money you raised is considered revenue. So no matter where you transfer or how, you'll need to declare. Just FYI.
In answer to your second question, I actually asked our devs the same thing since we have an ICO in progress. The options you have are Localbitcoins or tranfering the funds you raised into a wallet(s) that allow you to transfer between crypto and fiat currencies.
If I'm mistaken, someone please correct me.
Don’t be ashamed to be wrong or uninformed. Be ashamed to be stubborn or incurious.
https://imagizer.imageshack.com/v2/640x480q90/924/83FoS8.jpg
In answer to your second question, I actually asked our devs the same thing since we have an ICO in progress. The options you have are Localbitcoins or tranfering the funds you raised into a wallet(s) that allow you to transfer between crypto and fiat currencies.
If I'm mistaken, someone please correct me.
Don’t be ashamed to be wrong or uninformed. Be ashamed to be stubborn or incurious.
https://imagizer.imageshack.com/v2/640x480q90/924/83FoS8.jpg
If my ICO hits the hard cap.
How can I withdraw the ICO funds into fiat currency? through the bank? how is this possible?
How can I withdraw the ICO funds into fiat currency? through the bank? how is this possible?
March 16, 2018, 10:44:07 AM
I thought the funds raised from these ICOs are for the development of the project? what project are you talking to? i pitty those people who invested to your project and it seems their money will be wasted for nothing,getting millions of dollars will give you a lot of headaches especially when those investors started to dump your tokens,and those people will try to blame your ass because the price would fall below the ICO price.
And for developing a project you will need fiat currency. At least in my country I have to pay office rent, salaries, expenses, ... in fiat. So in order to develop a project a realistic amount of the ICO money needs to be exchanged. March 16, 2018, 05:45:12 AM
ATTENTION, THIS IS A HYPOTHETICAL SITUATION
Please take a moment and think about it if you were the founder, and it was your ICO.
If you host your ICO and you hit your hard cap. how will you withdraw fiat to pay developers, rent costs, server costs, marketing??
These are costs in the fiat world which need to be paid in euros, pounds, dollars etc
Please take a moment and think about it if you were the founder, and it was your ICO.
If you host your ICO and you hit your hard cap. how will you withdraw fiat to pay developers, rent costs, server costs, marketing??
These are costs in the fiat world which need to be paid in euros, pounds, dollars etc
Ok, so you are not selling your own token in this example?
You mean how does the project bring the funds raised into the real economy?
Correct
March 16, 2018, 05:38:44 AM
ATTENTION, THIS IS A HYPOTHETICAL SITUATION
Please take a moment and think about it if you were the founder, and it was your ICO.
If you host your ICO and you hit your hard cap. how will you withdraw fiat to pay developers, rent costs, server costs, marketing??
These are costs in the fiat world which need to be paid in euros, pounds, dollars etc
Please take a moment and think about it if you were the founder, and it was your ICO.
If you host your ICO and you hit your hard cap. how will you withdraw fiat to pay developers, rent costs, server costs, marketing??
These are costs in the fiat world which need to be paid in euros, pounds, dollars etc
Ok, so you are not selling your own token in this example?
You mean how does the project bring the funds raised into the real economy?
March 16, 2018, 05:32:13 AM
ATTENTION, THIS IS A HYPOTHETICAL SITUATION
Please take a moment and think about it if you were the founder, and it was your ICO.
If you host your ICO and you hit your hard cap. how will you withdraw fiat to pay developers, rent costs, server costs, marketing??
These are costs in the fiat world which need to be paid in euros, pounds, dollars etc
Please take a moment and think about it if you were the founder, and it was your ICO.
If you host your ICO and you hit your hard cap. how will you withdraw fiat to pay developers, rent costs, server costs, marketing??
These are costs in the fiat world which need to be paid in euros, pounds, dollars etc
March 16, 2018, 05:30:27 AM
I thought the funds raised from these ICOs are for the development of the project? what project are you talking to? i pitty those people who invested to your project and it seems their money will be wasted for nothing,getting millions of dollars will give you a lot of headaches especially when those investors started to dump your tokens,and those people will try to blame your ass because the price would fall below the ICO price.
Yeah,this type of people are the ones who are making this community looks even scam,that is why the main stream media wont give a shit to us,because these people are going to create an ICO just to raise funds to make easy money,then will eventually run away from the project that they have promised,poor investors 
I agree! This is disgraceful! These people should be arrested
March 15, 2018, 05:39:53 PM
I thought the funds raised from these ICOs are for the development of the project? what project are you talking to? i pitty those people who invested to your project and it seems their money will be wasted for nothing,getting millions of dollars will give you a lot of headaches especially when those investors started to dump your tokens,and those people will try to blame your ass because the price would fall below the ICO price.
Yeah,this type of people are the ones who are making this community looks even scam,that is why the main stream media wont give a shit to us,because these people are going to create an ICO just to raise funds to make easy money,then will eventually run away from the project that they have promised,poor investors March 15, 2018, 05:29:22 PM
Are you going to dump those supply of yours? or the funds you have raised would be cashed out? i pitty those investors who invested to your project seems they have a bad choice,these funds are intended to use in the project development not for the personal use,but its your choice this is why i dont really like to risk my money joining these scam ICOs,greedy people are all over the community.
March 15, 2018, 05:10:29 PM
I thought the funds raised from these ICOs are for the development of the project? what project are you talking to? i pitty those people who invested to your project and it seems their money will be wasted for nothing,getting millions of dollars will give you a lot of headaches especially when those investors started to dump your tokens,and those people will try to blame your ass because the price would fall below the ICO price.
March 15, 2018, 05:00:42 PM
Banks are unpredidtable you might be reported to the government if you have cashout too much,millions of dollars are questionable if you are residing to some countries which has some cryptocurrency regulations,i suggest go to the community which are willing to get your bitcoins in exchange to the fiat currency so it would be much easier and you dont need banks.
March 15, 2018, 04:53:41 PM
Do not use banks for big transactions because you might questioned where it came from i have heard most of the banks are starting to close accounts which has crytocurrency transactions,do not risk your money to these banks your government might see your assets,trade p2p so you wont get hard time to convert to fiat.
March 15, 2018, 04:53:03 PM
If my ICO hits the hard cap.
How can I withdraw the ICO funds into fiat currency? through the bank? how is this possible?
How can I withdraw the ICO funds into fiat currency? through the bank? how is this possible?
just wait until your coins or tokens being listed on exchange
then convert it with BTC first before you convert to fiat currency
keep your eyes to the last news from your ICO
March 15, 2018, 04:37:41 PM
If my ICO hits the hard cap.
How can I withdraw the ICO funds into fiat currency? through the bank? how is this possible?
It's very simple.How can I withdraw the ICO funds into fiat currency? through the bank? how is this possible?
Withdraw tokens from your wallet to the exchange, sell them and then through the exchanger transfer to your card.
March 15, 2018, 04:31:54 PM
You shouldnt be doing that because your investors might get rekt when your shares will be sold all at once,wait for the investors to cashout so if anything happens when you dump millions of dollars they wont be affected,ICO surely is profitable when the price of the token will be doubled or trippled as soon as it gets listed in exchanges you can try to exchange it to casinos,but not the banks.
March 15, 2018, 04:30:39 PM
What do you mean by saying "your ico"? Have you organized and held one or did you invest? All the campaigns list on exchanges in some time. Then you can sell your tokens for eth or btc, then cash it out.
Jump to: