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Topic: The best way to withdraw in cash? (Read 404 times)

sr. member
Activity: 658
Merit: 250
August 01, 2018, 08:13:04 AM
#43
Personally, I use bittrex, and some other exchange but sometime, I sell directly to a friend who wants to buy and get my cash directly other than going through the exchange.
full member
Activity: 840
Merit: 101
August 01, 2018, 08:06:06 AM
#42
I was recently studying this question and here is what I found:
- You can use Coinbase if you are in US and you will feel pain because of their fricking commissions
- You can use some exchanges like Bitfinex, Bittrex and some others but still the rate would be awful
- You can use new platforms like Cryptology and some others but there is no information on them atm but there might be the better rate
- You can use LocalBitcoins (which is banned in Russia)

What is your choice?

And if you are in Philippines you can use binance and coins.ph to withdraw. As of now, it is my way of pulling out my money and I don't know any other methods here yet. But I hope they will open a more newbie friendly environment where transactions can be done easily.
full member
Activity: 420
Merit: 100
The Premier Digital Asset Management Ecosystem
August 01, 2018, 07:17:41 AM
#41
Buddy, you can use Epayments card, this can be used to withdraw cash from almost any ATM in the world with a minimum commission.
sr. member
Activity: 518
Merit: 250
Fast, Smart, Trustworthy
August 01, 2018, 06:02:50 AM
#40
I was recently studying this question and here is what I found:
- You can use Coinbase if you are in US and you will feel pain because of their fricking commissions
- You can use some exchanges like Bitfinex, Bittrex and some others but still the rate would be awful
- You can use new platforms like Cryptology and some others but there is no information on them atm but there might be the better rate
- You can use LocalBitcoins (which is banned in Russia)

What is your choice?
The best way to cash out is the one that practically without risks and losses gives you your profit in your hands. This is unfortunately not yet, so we use various platforms, the benefit of these is enough only commission varies.
hero member
Activity: 994
Merit: 513
August 01, 2018, 05:46:46 AM
#39
In my state there is one very convenient ATM to withdraw from about 1 hour away. The exchange rate is ridiculous and the daily max is $7,000 dollars. There's more ATM's available to buy bitcoin but only one to "sell" your BTC. The ATM is not all that bad since it gives you the option to also sell your LTC.

How does exchanging your BTC to cash on an ATM work exactly? Do you get an address and you send it there?

I wonder how they prevent you from sending another transaction with a higher fee and all that stuff. I mean, I guess you don't sit next to the ATM for half an hour until your TX is confirmed, right?

Bump for visibility. Can someone explain how this works? I mean, getting BTC for cash or via credit card is pretty straightforward, but the other way around, I can't see a practical way, at least not without lightning network.
full member
Activity: 559
Merit: 102
July 31, 2018, 05:07:21 PM
#38
Choose safe mode. Trade must pay a high cost. But it guarantees the money I withdraw from my personal account. I choose bitfinex binance and other exchanges if possible
member
Activity: 406
Merit: 11
July 31, 2018, 05:04:28 PM
#37
The best ways to withdraw in cash in my country is to use our domestic exchange allowing to sell some blue chips and withdraw in our national currency and the second way is to find a local exchanger to sell you from hand to hand. It's the best way but you should be aware of personal security issues.
Until recently, I used WebMoney to exchange Bitcoin into any other currency that I needed. But this exchange became unprofitable and impossible for me. But since today there are a lot of resources to exchange any altcoin or Bitcoin for any currency with a conclusion even on a bank card.
full member
Activity: 420
Merit: 117
July 31, 2018, 04:20:42 PM
#36
If the amount is high bitstamp is the safest I think. You can get cash in dollars and euros.
newbie
Activity: 56
Merit: 0
July 31, 2018, 03:53:14 PM
#35
I was recently studying this question and here is what I found:
- You can use Coinbase if you are in US and you will feel pain because of their fricking commissions
- You can use some exchanges like Bitfinex, Bittrex and some others but still the rate would be awful
- You can use new platforms like Cryptology and some others but there is no information on them atm but there might be the better rate
- You can use LocalBitcoins (which is banned in Russia)
What is your choice?


 
With the coming quantum technologies, the current market must experience many changes. To be more exact, many coins will leave the market, as there will simply be no demand for them, due to the same technological superiority. I hasten to remind you of revolutionary projects like Kelvin Blockchain. After all, its uniqueness lies in quantum computing! And this is an innovation!
hero member
Activity: 3080
Merit: 603
July 30, 2018, 12:33:55 AM
#34
My choice is to use a local exchange or if possible I'll look for someone whos in need of bitcoin that's buying which is better way of trading in real life. There are local marketplaces where you can transact P2P no need for LBC just pure P2P deal.
newbie
Activity: 123
Merit: 0
July 29, 2018, 10:04:58 PM
#33
I have actually successfully used localbitcoins and localethereum for the first time last week. Just look for some people with high ratings (ie: trusted. verified, quick to respond) , and you can get cash in hand that way. There are people with over 3000+ transactions with 100% ratings so it technically should be OK to cash out that way as well.
member
Activity: 168
Merit: 11
Sound/Foley FX Design Service For Your ICO Videos
July 29, 2018, 09:52:52 PM
#32
I always send my coins to our local exchange sites in my country and I withdraw them into the fiat in there. Their fees are a bit expensive too, but it's getting better with competition between them by time.
member
Activity: 308
Merit: 11
July 29, 2018, 07:30:17 PM
#31
I was recently studying this question and here is what I found:
- You can use Coinbase if you are in US and you will feel pain because of their fricking commissions
- You can use some exchanges like Bitfinex, Bittrex and some others but still the rate would be awful
- You can use new platforms like Cryptology and some others but there is no information on them atm but there might be the better rate
- You can use LocalBitcoins (which is banned in Russia)

What is your choice?
The best one according to me right now is using Bitcoin ATMs. they have quite high fees but they ensure privacy. alternatively you can use Localethereum. I think Localbitcoins started requiring KYC
member
Activity: 350
Merit: 11
July 29, 2018, 05:55:18 PM
#30
I was recently studying this question and here is what I found:
- You can use Coinbase if you are in US and you will feel pain because of their fricking commissions
- You can use some exchanges like Bitfinex, Bittrex and some others but still the rate would be awful
- You can use new platforms like Cryptology and some others but there is no information on them atm but there might be the better rate
- You can use LocalBitcoins (which is banned in Russia)

What is your choice?
It looks like you are forget to listing to withdraw our money through use the local exchange site or sell them through escrow. I guess i will try or always use this method try to send my bitcoin to the local exchange site in my country and i can withdraw them into the fiat easily.
I use local exchange site to withdraw money too. Easier to have fiat money of our country.
full member
Activity: 1050
Merit: 101
July 28, 2018, 03:56:28 PM
#29
The best ways to withdraw in cash in my country is to use our domestic exchange allowing to sell some blue chips and withdraw in our national currency and the second way is to find a local exchanger to sell you from hand to hand. It's the best way but you should be aware of personal security issues.
newbie
Activity: 61
Merit: 0
July 28, 2018, 03:55:46 PM
#28
Localbitcoins is your best option in my opinion. And do it in smaller chunks.
hero member
Activity: 994
Merit: 513
July 28, 2018, 03:38:17 PM
#27
In my state there is one very convenient ATM to withdraw from about 1 hour away. The exchange rate is ridiculous and the daily max is $7,000 dollars. There's more ATM's available to buy bitcoin but only one to "sell" your BTC. The ATM is not all that bad since it gives you the option to also sell your LTC.

How does exchanging your BTC to cash on an ATM work exactly? Do you get an address and you send it there?

I wonder how they prevent you from sending another transaction with a higher fee and all that stuff. I mean, I guess you don't sit next to the ATM for half an hour until your TX is confirmed, right?
newbie
Activity: 7
Merit: 0
July 28, 2018, 03:22:53 PM
#26
In my state there is one very convenient ATM to withdraw from about 1 hour away. The exchange rate is ridiculous and the daily max is $7,000 dollars. There's more ATM's available to buy bitcoin but only one to "sell" your BTC. The ATM is not all that bad since it gives you the option to also sell your LTC.
newbie
Activity: 107
Merit: 0
July 28, 2018, 02:23:17 PM
#25
I like the service of localbitcoins most of all, because there you can exchange crypto currency in a way convenient for you and do not spend a lot of money on commission.
sr. member
Activity: 434
Merit: 250
July 28, 2018, 02:04:38 PM
#24
It is very fast to send to a local stock exchange and go to cash. As long as the pharmacy permits the law.
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