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Topic: Safest place to withdraw BITCOIN? - page 5. (Read 593 times)

sr. member
Activity: 490
Merit: 251
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July 12, 2018, 10:26:40 PM
#11
This is going to rely on you and the amount of privacy risk that you want to take. If you're fine with exposing some of your personal information online, and some people are OK with doing this, then you'd be fine with using an exchange such as Coinbase, Kraken, etc (you're going to have to get verified on these exchanges as well, no getting around that) This is also if you're fine with declaring your income from Crypto capital gains, work and such, as all of these withdrawals are going to be linked to you and could be subpoenaed. If you're not fine with the privacy things, use something P2P.
newbie
Activity: 66
Merit: 0
July 12, 2018, 10:19:55 PM
#10
Have you come across localbitcoins?

https://localbitcoins.com/sell-bitcoins-for-cash/191421308/brunei-darussalam/ (586 KM away)

Looks like there's a small volume of traders on your country even on LBC, I've seen only few orders.
Yeah, volume is pretty small here. Would it be better if say I go on a holiday trip to another country and sell it there?
It's okay if you have the capability of doing that, there are traders/holders that have been doing that since their country isn't really crypto friendly.

What country are you planning to visit then? The nearby countries are Philippines, Singapore, Malaysia and Indonesia.


Yeah, hopefully it'll be more widely recognized in the near future.

Probably Singapore since a lot of ICOs are started there, if im not wrong its one of the major port for crypto in Asia that doesn't restrict cryptocurrencies!
hero member
Activity: 3080
Merit: 603
July 12, 2018, 04:52:01 AM
#9
Have you come across localbitcoins?

https://localbitcoins.com/sell-bitcoins-for-cash/191421308/brunei-darussalam/ (586 KM away)

Looks like there's a small volume of traders on your country even on LBC, I've seen only few orders.
Yeah, volume is pretty small here. Would it be better if say I go on a holiday trip to another country and sell it there?
It's okay if you have the capability of doing that, there are traders/holders that have been doing that since their country isn't really crypto friendly.

What country are you planning to visit then? The nearby countries are Philippines, Singapore, Malaysia and Indonesia.
full member
Activity: 414
Merit: 100
July 12, 2018, 04:38:04 AM
#8
Any idea on wheres the safest exchange or sites to withdraw bitcoin to fiat?

Came across bitstamp as coinmama and coinbase is currently not support in my country (Brunei Darussalam)


I think everything mentions localbitoins as the safest place to convert Bitcoin to fiat, but I think every country has each safe place to exchange Bitcoin to fiat. But there is nothing wrong if you exchange Bitcoin to localbitcoins, because I also think the same with other.
newbie
Activity: 66
Merit: 0
July 12, 2018, 04:00:00 AM
#7
you can check localbitcoin.com

Thanks bitfocus, checked em out already!  Smiley
newbie
Activity: 66
Merit: 0
July 12, 2018, 03:52:42 AM
#6


You can check https://localbitcoins.com/ if it suits you (it's a direct exchange with another person).
I think both Bitstamp and Kraken will do good as online exchanges. But you must "pay" with exposing of your personal data. Be careful about taxation and other legal stuff in your country.

You can also buy something with bitcoin, which is essentially even better if you need something.

You can also read this post - a lot of useful info. https://www.reddit.com/r/Bitcoin/comments/61s75o/rbitcoin_faq_newcomers_please_read/

BTW, I hope you aren't selling them with loss. You do understand that there is a high chance that we will go in another bull market in next few years.


Yeah, checked localbitcoins. Not much volume where I'm at haha!

There's no tax to cryptocurrency here in Brunei if I'm not mistaken, its still relatively small here too. Unlike other countries where you have BTC atms and vendors accepting crypto as a form of payment, so theres not much choices available here  Embarrassed not unless I travel somewhere that accepts BTC!

Thanks for the heads up, im still HOLDing. Just trying to find alternatives to Bitstamp. Will check Kraken out too!
member
Activity: 532
Merit: 15
July 12, 2018, 03:51:11 AM
#5
you can check localbitcoin.com
newbie
Activity: 66
Merit: 0
July 12, 2018, 03:46:31 AM
#4
Have you come across localbitcoins?

https://localbitcoins.com/sell-bitcoins-for-cash/191421308/brunei-darussalam/ (586 KM away)

Looks like there's a small volume of traders on your country even on LBC, I've seen only few orders.


Yeah, volume is pretty small here. Would it be better if say I go on a holiday trip to another country and sell it there?

sr. member
Activity: 628
Merit: 276
BTC, ETH, XMR, LTC
July 12, 2018, 03:04:12 AM
#3
You can check https://localbitcoins.com/ if it suits you (it's a direct exchange with another person).
I think both Bitstamp and Kraken will do good as online exchanges. But you must "pay" with exposing of your personal data. Be careful about taxation and other legal stuff in your country.

You can also buy something with bitcoin, which is essentially even better if you need something.

You can also read this post - a lot of useful info. https://www.reddit.com/r/Bitcoin/comments/61s75o/rbitcoin_faq_newcomers_please_read/

BTW, I hope you aren't selling them with loss. You do understand that there is a high chance that we will go in another bull market in next few years.
hero member
Activity: 3080
Merit: 603
July 12, 2018, 02:58:38 AM
#2
Have you come across localbitcoins?

https://localbitcoins.com/sell-bitcoins-for-cash/191421308/brunei-darussalam/ (586 KM away)

Looks like there's a small volume of traders on your country even on LBC, I've seen only few orders.
newbie
Activity: 66
Merit: 0
July 12, 2018, 02:50:50 AM
#1
Any idea on wheres the safest exchange or sites to withdraw bitcoin to fiat?

Came across bitstamp as coinmama and coinbase is currently not support in my country (Brunei Darussalam)

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