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Topic: Sell BTC for Cash - page 3. (Read 605 times)

full member
Activity: 245
Merit: 100
December 25, 2017, 01:34:03 PM
#30
You have a lot of options, maybe localbitcoins is the best way to sell your bitcoins, but there are other options like local exchanges in where you can start trades and sell them all, i dont know, this is just my opinion, i always sell all my bitcoins on cex.io
legendary
Activity: 1232
Merit: 1029
December 25, 2017, 01:03:31 PM
#29
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!
Why use an ATM when you can just make use of an exchange unless you are very comfortable with the exchange rate of the ATM anyway, then you can go ahead. Also you can make use of preev.com if you want to know the present rate conversion. If the transaction fee is the problem, then the decision is in your hands. With the way the market is, you just have to pay a huge fee to get a fast transaction, and if you compare the two, then you can know the choice to make.
hero member
Activity: 896
Merit: 520
December 25, 2017, 12:12:42 PM
#28
Just look for a guy on localbitcoins, that is what i have been doing for a while, everytime that i want to sell some bitcoins, i just sell by p2p on there, it is very fast because you only need to open the trade and go with him, nothing more than this.


Bro if you want to buy the bitcoins using localbitcoins choose the right traders who have cen percent trust and trusted feedback on their profile. Check the value limit you want to buy the btc and wish to buy that.
You have to provide with the bank details to send the payment to him and then you will get the bitcoins for that accordingly in the equals in the cash.
full member
Activity: 518
Merit: 100
December 25, 2017, 11:26:29 AM
#27
Just look for a guy on localbitcoins, that is what i have been doing for a while, everytime that i want to sell some bitcoins, i just sell by p2p on there, it is very fast because you only need to open the trade and go with him, nothing more than this.
full member
Activity: 168
Merit: 100
December 25, 2017, 10:58:48 AM
#26
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!

I learn from what were you saying to us here, you said that sounds safe if you sell it in ATM, so i think when you feel safet then make transaction there is first choice. Why would you need any tips if you found the safe way depend on your thought? I think just make transaction on ATM.
full member
Activity: 504
Merit: 101
December 25, 2017, 10:53:08 AM
#25
Selling to a stranger will give you opportunity to negotiate the price in your favour. Go with this option.
Simple! Most of the localbitcoin guys can even accept to meet you in person if you are skeptical and it is huge cash. I am not sure if $2000 is huge enough though, but who knows? You may find someone ready to cut a deal with you.

At the moment, like you said, transaction is crazy and it is something you just have to bear with so as not to get the transaction stuck for days, otherwise if you feel ATM is better for you, then you can just go ahead.
Just like what you are saying guys transactions are really getting crazy over me I can't really move on with the fee at the moment, I am just closing my eyes whenever I am seeing the transaction fee, the good thing we kept our coins so that it is not much hurt but the bad thing is when we don't have a choice and we need to en cashed it regardless of the cost.
legendary
Activity: 1288
Merit: 1036
December 25, 2017, 09:32:55 AM
#24
Selling to a stranger will give you opportunity to negotiate the price in your favour. Go with this option.
Simple! Most of the localbitcoin guys can even accept to meet you in person if you are skeptical and it is huge cash. I am not sure if $2000 is huge enough though, but who knows? You may find someone ready to cut a deal with you.

At the moment, like you said, transaction is crazy and it is something you just have to bear with so as not to get the transaction stuck for days, otherwise if you feel ATM is better for you, then you can just go ahead.
sr. member
Activity: 700
Merit: 250
December 22, 2017, 08:34:16 AM
#23
If you want to sell your bitcoins in cash, well you can actually ask some people that you know or an extended party that they know who wants to buy bitcoin in cash. I know someone (not personally though but a friend from Facebook) who has been trading bitcoin since 2009 and invested I think all of his last pay to bitcoin and you could just imagine how much he has now and he is currently selling some of his bitcoins in return of cash so he wouldn’t have to go through banks because as you know some banks are questioning where they got the money from and when you say bitcoin they kind of have this hesitation why you got that huge amount.
hero member
Activity: 1204
Merit: 505
December 22, 2017, 08:01:55 AM
#22
Why not accept ATM but first share with us if what site you are talking about that accept ATM cards..
If you feel safe there better to sell your bitcoin and accept ATM since there are people already scam in localbitcoin if you don't follow the escrow rule there are possibility that you will be scam just be ware and follow the rule carefully when dealing to someone in localbitcoin..
About the fee i think better to wait for the network to decrease the fee if you transfer bitcoins right now it will ask for huge fee. so better to wait more weeks or days if the fee lower..
Wait, I thought this guy was talking about withdrawing his Bitcoin in cash with Bitcoin wallet debit card? Or does he want to sell it to a site that is accepting credit cards…? I think you’re wrong. He said he wants to withdraw through an ATM or sell to exchangers on Local Bitcoins site.
full member
Activity: 308
Merit: 100
December 22, 2017, 07:48:34 AM
#21
If you want to sell bitcoin for cash then I think a good way to do is by using Local Bitcoin but you need to choose a good buyer with lots of good reviews and then you need to try it with a small amount that you can afford to lose. And if everything is okay then you can continue by trading more. If you want to trade 2000$ then I think it's not very risky, you can do 1000$ each time.
hero member
Activity: 1008
Merit: 537
December 22, 2017, 07:25:42 AM
#20
Why not accept ATM but first share with us if what site you are talking about that accept ATM cards..
If you feel safe there better to sell your bitcoin and accept ATM since there are people already scam in localbitcoin if you don't follow the escrow rule there are possibility that you will be scam just be ware and follow the rule carefully when dealing to someone in localbitcoin..
About the fee i think better to wait for the network to decrease the fee if you transfer bitcoins right now it will ask for huge fee. so better to wait more weeks or days if the fee lower..
First I would like to say if you have a friend that is also into cryptocurrency, ask him how he withdraws his Bitcoins to cash, to know if there’s any trusted exchanger that he sells to, if not, then you might want to check out Local Bitcoins and check for trusted and old exchangers with reputation; ones that has been on the site for a long time. If not, using ATM be best. $2000 is not a small money and you shouldn’t just lose it carelessly to these worthless scammers.

No need search whether he is trusted person or not when you are on board to sell on the trusted source like localbitcoins. You can find almost all the traders will not cheat the buyer and seller at anytime. At recent time there is no complain about the LBC traders. So I think this is right place to buy or sell btc at anytime. If you want check with the forum member. Always have the escrow in your trade to avoid scamming and don't choose the newbie to Jr member, just research about him.
full member
Activity: 476
Merit: 100
December 22, 2017, 07:19:35 AM
#19
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!


I only sell bitcoin for cash when I only need it if it is not too important and do not really need I just save the bitcoin money and keep it for long-term investment.
newbie
Activity: 6
Merit: 0
December 22, 2017, 05:16:58 AM
#18
If you are not planing on waiting a couple of weeks until this fee madness comes to an end, than you won't be able to get the most of your bitcoin's potential, whether its at ATM or in localbitcoin the fees are going to be high, so be patient, there is another way, which is through localbitcoi, find a person buying bitcoin hand to hand, and chat with him and explain to him that you are going to send him the bitcoin from wallet to wallet, and you can meet up and finish the transaction, that is if you are in a hurry to sell them.

I thought this is the way it will work?

Make an offer over localbitcoin, meet F2F, transfer bitcoins to his wallet, after he presented the money.
After transaction is processed, grab the money and spend it directly for gambling Cheesy
sr. member
Activity: 1400
Merit: 283
December 22, 2017, 05:05:18 AM
#17
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 you are not planing on waiting a couple of weeks until this fee madness comes to an end, than you won't be able to get the most of your bitcoin's potential, whether its at ATM or in localbitcoin the fees are going to be high, so be patient, there is another way, which is through localbitcoi, find a person buying bitcoin hand to hand, and chat with him and explain to him that you are going to send him the bitcoin from wallet to wallet, and you can meet up and finish the transaction, that is if you are in a hurry to sell them.
newbie
Activity: 6
Merit: 0
December 22, 2017, 04:50:39 AM
#16
Thanks to all! I will try to find an old trader with a lot of reputation on localbitcoins.com. If I have no luck, I will just let the coins sit on my wallet to wait for a better opportunity. Smiley
full member
Activity: 334
Merit: 100
December 22, 2017, 03:40:11 AM
#15
Why not accept ATM but first share with us if what site you are talking about that accept ATM cards..
If you feel safe there better to sell your bitcoin and accept ATM since there are people already scam in localbitcoin if you don't follow the escrow rule there are possibility that you will be scam just be ware and follow the rule carefully when dealing to someone in localbitcoin..
About the fee i think better to wait for the network to decrease the fee if you transfer bitcoins right now it will ask for huge fee. so better to wait more weeks or days if the fee lower..
First I would like to say if you have a friend that is also into cryptocurrency, ask him how he withdraws his Bitcoins to cash, to know if there’s any trusted exchanger that he sells to, if not, then you might want to check out Local Bitcoins and check for trusted and old exchangers with reputation; ones that has been on the site for a long time. If not, using ATM be best. $2000 is not a small money and you shouldn’t just lose it carelessly to these worthless scammers.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
December 21, 2017, 04:04:21 PM
#14
Op, if you are not in desperate need of fiat money - don't sell your bitcoin now. Wait for the better opportunity - there will be plenty for sure.
If you could just hold your coins for the next 3 years it would be ideal - next halving will be crucial for determining bitcoin price.
I made the same mistake of selling my coins before 2016 and I regret it today...
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
December 21, 2017, 12:31:23 PM
#13
Do the maths and if it is much cheaper to make the transaction face-to-face go with that option. But take all the necessary security measures. Take a frien with you,use the escrow rules on localbitcoins. Make sure the fiat you receive is not counterfeit which can be really hard if you're not a professional. Best would be to make the trade with a person who has a proven track record.  Wink
newbie
Activity: 6
Merit: 0
December 21, 2017, 12:16:51 PM
#12
The best thing that you can do is just sell on p2p in localbitcoins, that is probably the best thing that you can do.
You are going to stay in there for a few minutes, just open the trade in localbitcoins once that you are in there and he will give you the cash. It is simple as that..


Sounds to easy for me Cheesy
I hoped it will work like this. I think I will try it in Vegas and pick someone over localbitcoins who has several transactions.
full member
Activity: 171
Merit: 100
December 21, 2017, 12:13:48 PM
#11
The best thing that you can do is just sell on p2p in localbitcoins, that is probably the best thing that you can do.
You are going to stay in there for a few minutes, just open the trade in localbitcoins once that you are in there and he will give you the cash. It is simple as that..
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