Sell BTC for Cash | Bitcointalksearch.org

Dontme

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Quote from: TorbiK on January 05, 2018, 08:48:32 AM

Quote from: tech72 on December 21, 2017, 09:12:25 AM

Selling to a stranger will give you opportunity to negotiate the price in your favour. Go with this option.

Also you will have the opportunity to lose all your Bitcoins and cash, now in person only fraudsters come to a deal. From my personal experience.

Instead of that, sell it to the trusted exchanges where you have more securities and the opportunity to earn more money that do that way. Only if your are lucky enough to sell it to someone else.

TorbiK

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Diagon

Quote from: tech72 on December 21, 2017, 09:12:25 AM

Selling to a stranger will give you opportunity to negotiate the price in your favour. Go with this option.

Also you will have the opportunity to lose all your Bitcoins and cash, now in person only fraudsters come to a deal. From my personal experience.

putrisa

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Quote from: racy on December 21, 2017, 08:34:35 AM

Hello,
I want to sell BTC in Las Vegas. I want to get around 2000 Dollar, depents on the x-change how much BTC I have to spent.

I have to opportunities:
- Sell BTC to a stranger found with localbitcoins.com
- Sell BTC on an ATM.

The x-change rate at an ATM is quite poor, but for me it sounds "safe" to sell it to a maschine.

In general I do not have any idea how it will work. I have a german wallet on bitcoin.de and I'm not interessted in transfering it somewhere else then to the buyers wallet due to the high transaction fees.
What would you think how long I have to wait, until the payment is processed? I'm not interesssted in waiting a long time to get the deal done.

Any tips for the deal beside public area, free wifi and counterfeit money?

Thanks a lot!

selling bitcoin to get that money is your choice, if you are in need of money then melt some of the benefits you get from playing bitcoin do not sell it all.

Theb

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In my point of view I will go to sell my Bitcoin in localbitcoin as you are getting the value for your Bitcoins compared to exchanging it in an atm machine. Localbitcoins is not that bad as you think as I have tried selling my Bitcoin to buyers that has good or high reputation the transaction of course will depend on you on how you will receive it, and usually those transactions take up via bank transfer. These Bitcoin buyers in localbitcoin are also fast to transact as this is what they do for a living. My tip is go for the buyers with high positive ratings and never ever try to go to buyers that have higher price offer but does not a good rating.

ridertiger

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You can also directly purchase stuff with your BTC, use cryptopia

Kittygalore

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We cannot deny the fact that we want to earn bitcoin because we want to buy something for ourselves, obviously we need cash for it unless the things you want is bitcoin accumulated product. We sell bitcoin into cash to buy something or its crashing which is unlikely to happen. even if i have a btc , i would sell it and not to hold it especially now it is stock at $13000 to $14000.

hydeevanz

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Activity: 182

Merit: 10

Quote from: racy on December 21, 2017, 08:34:35 AM

Hello,
I want to sell BTC in Las Vegas. I want to get around 2000 Dollar, depents on the x-change how much BTC I have to spent.

I have to opportunities:
- Sell BTC to a stranger found with localbitcoins.com
- Sell BTC on an ATM.

The x-change rate at an ATM is quite poor, but for me it sounds "safe" to sell it to a maschine.

In general I do not have any idea how it will work. I have a german wallet on bitcoin.de and I'm not interessted in transfering it somewhere else then to the buyers wallet due to the high transaction fees.
What would you think how long I have to wait, until the payment is processed? I'm not interesssted in waiting a long time to get the deal done.

Any tips for the deal beside public area, free wifi and counterfeit money?

Thanks a lot!

If the value of bitcoin we expected has been achieved then you can sell you btc, so if ever dropping of value happened again then you won't blame yourself for not making a decision. One of the expert’s advices is to be ready in the future because there is a possibility that the market performance may not be good due to the fact that the market and price of each coin is unpredictable.

santieevanz

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Quote from: racy on December 21, 2017, 08:34:35 AM

Hello,
I want to sell BTC in Las Vegas. I want to get around 2000 Dollar, depents on the x-change how much BTC I have to spent.

I have to opportunities:
- Sell BTC to a stranger found with localbitcoins.com
- Sell BTC on an ATM.

The x-change rate at an ATM is quite poor, but for me it sounds "safe" to sell it to a maschine.

In general I do not have any idea how it will work. I have a german wallet on bitcoin.de and I'm not interessted in transfering it somewhere else then to the buyers wallet due to the high transaction fees.
What would you think how long I have to wait, until the payment is processed? I'm not interesssted in waiting a long time to get the deal done.

Any tips for the deal beside public area, free wifi and counterfeit money?

Thanks a lot!

Selling your bitcoin for cash is easy if you were selling it to your friends. However, do you really still want to sell your btc because to be honest, if you were just updated and always monitor the market then for sure you will not sell your coins. We cannot judge you about your decisions but to be honest, it seems that everything is worth holding for specially bitcoins because it already gave the peak value and as of now, the dropping of value is just a challenge to btc holders.

farwellbit

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Quote from: perfect999 on December 29, 2017, 06:42:37 AM

Quote from: tech72 on December 21, 2017, 09:12:25 AM

Selling to a stranger will give you opportunity to negotiate the price in your favour. Go with this option.

Definitely. When someone is a known person to you and just need to sell or buy something from him or her then surely some reflationary things comes across. You may be dealing with someone your known person than surely you can’t negotiate on prices on that much level. Either you have to agree with the price without any further discussion or he, the seller or buyer, he may accept first.

It is one of the rules of business world that emotions must be kept out of the way of business that is our personal relations are not supposed to affect our professional life and I think if someone encounters problems like this, he must avoid making deals with the familiar people at the first place because such negotiations put the relation at the stake. If we save our relation, we most likely lose our profit.

tristan1960

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Quote from: Altas on January 03, 2018, 06:53:55 PM

Selling bitcoin for cash is a simple form of trading, but the complication felt is that it requires a banking link for each and every trade. Maybe this will cause a taxation issue for the trader. In some countries the taxation too is made upon the transaction we make with relation to the bitcoin buying and selling.

For the bitcoin atm machines, I never heard of a taxation process so far. Maybe it's tax free or the machine charges the tax with its usage fee, I've never used it before. If he deals with a local buyer, he wouldn't pay tax actually, it's only $2k as he tells.

Altas

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Selling bitcoin for cash is a simple form of trading, but the complication felt is that it requires a banking link for each and every trade. Maybe this will cause a taxation issue for the trader. In some countries the taxation too is made upon the transaction we make with relation to the bitcoin buying and selling.

faithupgrade

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ARCS - A New World Token

Go for atm dude.. A machine is more accurate, and a middle man can scam you.

Quote from: racy on December 21, 2017, 08:34:35 AM

Hello,
I want to sell BTC in Las Vegas. I want to get around 2000 Dollar, depents on the x-change how much BTC I have to spent.

I have to opportunities:
- Sell BTC to a stranger found with localbitcoins.com
- Sell BTC on an ATM.

The x-change rate at an ATM is quite poor, but for me it sounds "safe" to sell it to a maschine.

In general I do not have any idea how it will work. I have a german wallet on bitcoin.de and I'm not interessted in transfering it somewhere else then to the buyers wallet due to the high transaction fees.
What would you think how long I have to wait, until the payment is processed? I'm not interesssted in waiting a long time to get the deal done.

Any tips for the deal beside public area, free wifi and counterfeit money?

Thanks a lot!

ImSuparmin

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Activity: 490

Merit: 100

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As long as the price we want, why not to sell Bitcoin with cash Cash, actually the same sales through local wallet sites or by way of cash sales, higher prices may be the offer that we offer for cash sales.

Genrix

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Activity: 630

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Quote from: sandos on December 29, 2017, 12:26:00 PM

No. Do not tell the lie. Bitcoin price is very cheap now. I will hold until it reaches $30k in new year. Bitcoin is always the biggest coin in the world

20k was quite good level to cash out. And i am totally sure,that firstly BTC will reach 7 k, rather than 30k

ReLieD

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Activity: 546

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Why do you want to use Bitcoin for cash. That's the worst option to do as firstly you will have to pay alot of fees for the transaction and on top of that you might even have to wait for some time for it to get confirmed . Also like if you go to see next year then you would have probably spend like the double or triple maybe 10 times the amount past year. Bitcoin should be just used as an investment and not as a currency.

nikjain422

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Activity: 126

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Yes,you can sell your BTC for cash to various traders who want to purchase or invest in Bitcoin.But you have to be very carefull in dealing with and by this you can get good rate.You can also use your BTC to purchase any goods from different websites which accepts BTC. You can also convert it from different exchanges and than withdraw it from your account.These are the ways from which you can get cash from your BTC.If this are not working than go for atm.

pawanjain

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Activity: 2702

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Nothing lasts forever

You should first try to sell it to a local seller from localbitcoins and then try to benefit from the trade by making the deal face to face. You always have the option to cancel the deal when you are dealing in real world. Get the cash before you send him the btc. If you don't find the deal to be in your favor then you always have the option to sell it to an ATM. Find out which one gives you more profit and then make the trade.

kiloiko

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Quote from: rickadone on December 26, 2017, 09:51:50 AM

Quote from: Sniar on December 21, 2017, 11:29:39 AM

Quote from: racy on December 21, 2017, 08:34:35 AM

Hello,
I want to sell BTC in Las Vegas. I want to get around 2000 Dollar, depents on the x-change how much BTC I have to spent.

I have to opportunities:
- Sell BTC to a stranger found with localbitcoins.com
- Sell BTC on an ATM.

The x-change rate at an ATM is quite poor, but for me it sounds "safe" to sell it to a maschine.

In general I do not have any idea how it will work. I have a german wallet on bitcoin.de and I'm not interessted in transfering it somewhere else then to the buyers wallet due to the high transaction fees.
What would you think how long I have to wait, until the payment is processed? I'm not interesssted in waiting a long time to get the deal done.

Any tips for the deal beside public area, free wifi and counterfeit money?

Thanks a lot!

Go for an ATM, it's much more safe and saves lot of time. Just imagine the whole time you would been looking for a right man for a trade.

Considering the fees that he will end up paying to get the transaction done if he wants to go the P2P way, then it may end up equal to what the ATM may actually end up giving him or even close. For such a transaction, the OP will pay quite a good number for fee which may even take days to get confirmed, but with the ATM, that is a go, you get your cash straight up. No stress!

Quote from: nydiacaskey01 on December 21, 2017, 11:40:08 AM

Face to face transaction in selling Bitcoin is a good way to avoid being scammed however keep in mind that the person you are dealing with is a complete stranger and this stranger may have something else in his mind and its not to exchange his fiat to BTC or vise versa. Don't meet alone, ask someone you know to be with you so if anything bad happens there is someone who can help you out right away.

Face to face is good, however, with the transaction issue, most people may even be skeptical releasing any cash unless they see at least a confirmation, which we both know is hard to quickly see now unless you use a very high fee. It is what it is and from the look of things and depending on how urgent he needs it, his best bet may actually be the ATM.

You have raised a very good issue here. Yeah, you are right .this is the problem with Bitcoin and a few altcoins that the confirmation of a transaction takes some good time and if someone is in urgent need, he cannot definitely keep this as an option. I don't know how long is it really going to take the core to solve this time and high fee issue but I am all positive about it. We will be out of this one day soon.

hitrawal91

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Quote from: racy on December 21, 2017, 08:34:35 AM

I have to opportunities:
- Sell BTC to a stranger found with localbitcoins.com
- Sell BTC on an ATM.

The x-change rate at an ATM is quite poor, but for me it sounds "safe" to sell it to a maschine.
Thanks a lot!

ATM is the best option for getting the money you wish, and i don't know why are you having a negative approach towards the ATM do you really have some problem or any bad experience with it? Anyways i wouldn't go for exchanging the bitcoin with the stranger as it is very risky with the Localbitcoins.com and many people are having problems and bad experience with this website. I am using a wallet app name Zebpay which is really awesome with almost higher amount than other websites.

mharz

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Activity: 336

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Sell bitcoin for cash is easy, there's a lot of people want it because of the value. You can deal it in a good price you want. But before you sell BTC, think of it first. And be sure that the price is enough on your taste. Also be careful, person now a days is a trickster, they can fool or deceive you.

In addition before sell your bitcoin into cash make sure that you have remaining balance in your wallet.

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