Topic: The best way to convert Bitcoin into real money - page 2. (Read 353 times)

I agree with you. I think that if there is a local wallet available within your location, you should also try it. Since it is locally made, it also serves some purpose that you could easily use in your region. Indeed, Binance is trusted by many people here in the forum.

 I don't have experience using localbitcoin, Binance, or any exchanges in converting bitcoin to fiat money. We have our local exchanges available in our country and mostly we used their services. Of course, they ask for KYC but it was not a problem with us knowing that they are legit. Maybe there is something similar to this at your place, it could much better to use them if it gives you confidence and privacy. I'm fine with our local exchanger and everything works good and our privacy remains, can easily link our address to banks and send money. That gives me/us a reason to stick with it rather than having on OP's list.

It is personal choice so you can not generalize things and tell exactly which is the best way to convert Bitcoin to fiat currencies. There are many payment methods to use and many exchanges (centralized, decentralized, P2P, etc.) to choose.

Help: A list of LocalBitcoin alternatives (P2P marketplaces)
[BIG LIST] Buy/Sell Crypto (OTC, P2P, DEXs, CEXs, NO-KYC, ATMs, etc.)
Don't forget BestChange (their slogan is Buy and sell crypto and fiat with BestChange.com!)

to me binance is the most easiest and fastest (although i haven't try the rest but as it is i don't see the need) converting btc to my local currency through binance is very fast and ridiculously cheap too unlike some local exchange like luno who are very expensive, competition is always good in market

If you want to change your bitcoin to fiat, I will suggest you make use of local exchangers in your country. This is more safer than some of those you have mentioned except you intend holding stablecoin. It is less risky than making use of some platform such as localbtc platform. Some banks block account for making withdrawal from direct cryptotrading platform but when you make use of local platform, it is less risky

I prefer my local wallet coins which is registered and accredited here in my country as it offers more features like loading, pay bills and easily conversion to fiat, however the fees were too high than other wallets and sometimes have issues if will withdraw too much money they will require a video interview for the transactions. If only there will be wallets that will registered or acknowledge also here in my country I will try to use it. Among listed by OP, I choose to use Binance since it can easily be used to trade instantly and it's been a trusted exchange eversince.

I really don't think so! Websites like Localbitcoins are great in terms of security and has an elaborate policy to handle any dispute that may arise from any trade. Their customer service is great and usually very prompt to resolve any query you may have! Having KYC doesn't make localbitcoins look bad, rather it helps to reduce the number of scammers in their platform.

I have been using their service since a long time now and the kind of service I have received till date is simply great in all sense!

As for as in the Philippines, we often used Coins.ph to convert our BTC into our local currency. Of course, there are lots more options but most of my countrymen prefer this site because it has a lot of options to withdraw your money and it has some user-friendly features that will make newbies use it easily. As for me, I never had some problems using it for the last 4 years. Their technical teams are fast to respond if I ever encountered some problem or some error about the information I fill up in the withdrawal forms and lots more than that. They always fixed it at the right time.

For me the best one to use there is the Binance since they have a p2p and supported our fiat debit and bank transfer either sell and buy of bitcoin and even other cryprocurrency. I never tried coinbase before so Im not sure how smooth the transaction is.

Binance part of the free transaction is the one I like so converting bitcoin into fiat via their p2p is the best solution for me. The only thing is needed kyc but its fine for me. This is the only exchange I conducted the process of KYC.

Hello

I do think you are unaware of the wallets like :
Zebpay

They are offline wallets which are offering the services like buy/sell. Provides a trading platform and at the same time it does enable users to actually send money to their own specific banks with cost as low as 0.13$ . I have been using localbitcoins , but unfortunately you do have to pay the wallet_localbitcoin wallet_service charges, which does account for a lot as compared to what you are using there.

Its not a wallet perse but its a trading platform at the same time it does serve as a secure wallet , the only downside is there is actually no concept of privacy. You have to submit all your documents , which I don't mind since transactions are valid and considered legal by the law.

At the same you should form your own local community where you can buy/sell bitcoins without any problem. The people you do know about and are living near you , it would not only boost the popularity but would also help you and the people involved .

This is true, Binance platform is one of the best sites too. I neglected to mention this platform. I used it in the past for exchange. I modified the topic and also mentioned this platform with its link. Thank you for reminding us about it.

Don't forget exchanges such as Binance which is offering P2P service where you can exchange it to your own fiat money. Just look at their list of fiat currencies available. Though they require KYC, but at least you know you are safe, the fact that they have 0 fees also.

https://c2c.binance.com/en

You listed sites that better not to use. Localbitcoins is blocking accounts without reasons in last months. You can find a lot of posts about it. And they all require KYC. There are a lot of better solutions like local cryptos and others

How to convert Satoshi into dollars?
Here are some trusted and tested platforms that you can use to buy or sell Bitcoin:
1ـ localbitcoin : Site
2ـpaxful:Site
3ـcoinbase Site
4-Binance: Site
How to convert Bitcoin into real money?
There are some very easy ways to convert Bitcoin or Satoshi to popular currencies such as the dollar, the euro or the British pound, if you have a bank account in any European country or the United States, you can, by using trading platforms such as Coinbase or Kraken, sell bitcoin and withdraw real money (dollar,  Euro ...) directly to your bank account

1ـBitcoin transfer via LocalBitcoins:


LocalBitcoins is a Bitcoin company based in Helsinki, Finland, and has been operating in the Bitcoin field since 2012.It is a peer-to-peer Bitcoin buying and selling platform that means buying or selling Bitcoin directly from the buyer or seller, it has buyers and sellers on the ground in more than 15,000 cities in 248 countries.  There are bitcoin sellers and buyers on the platform from almost all Arab countries.
 The advantage of LocalBitcoins is that you deal with the buyer directly and you can request to receive money with all the means that the buyer supports (bank transfer, PayPal, Payoneer, cash ...).

You can also coordinate an interview with buyers / sellers on the platform and execute the trading process on the ground.  You can receive the amount in cash, or the buyer can transfer the amount to your bank account.  You can also choose from many other options such as PayPal or Payoneer and you will find all the currencies of foreign countries such as (dollar, euro, riyal, dirham, dinar, etc.) [it all depends on the buyer / seller and the medium or currency in which he trades]



You can simply choose your country and the payment method you want.  The purchase price is set by the seller while LocalBitcoins acts as a middleman between the sellers and the buyers from the same country.

2ـUsing Bitcoin debit cards


Bitcoin debit cards are a practical way to spend or convert Bitcoin into real money and shop online with it.  These cards allow its users to deposit their bitcoin or digital currencies through the card platform s website and the site converts them into a fiat currency such as the US dollar or the euro.
 There are various Bitcoin debit and debit cards such as SpectroCoin, Monaco, and all cards are backed by Mastercard or VISA.
This is the most secure way at the present time to convert Bitcoin and Satoshi into real money, amid the increasing number of Bitcoin and digital currencies users. I expect more high-quality platforms and websites that provide Bitcoin to convert to real money.

What method do you use to transfer Bitcoin into real money?  Please share your experiences with other members

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