Topic: Ways to Cashout Crypto (Read 1971 times)
I prefer localbitcoin.com, but everything depends on country where you want to do it... The system is not so good for cash out, better to pay with bitcoins. AML is the main problem!!!
There are different way to cash out your money. You can do money transfer or through a bank, or bitcoin friendly outlets. But are you trying to cash out? This is the time to buy not to sell.
paypal is good but payapl changes law everytime so better to take to bank
i think you should find a bank in your country that has a crypto-fiat exchange
As being new to the crypto currency world. I like to know how do you cash you your money?
such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
I think that there are only two ways to cashout cyrptocurrency, paypal will be one of the way to cash out if the exchanger does have a method where you can transfer your coins and automatically being converted to fiat. Some of the country as well is not hindering cyrptocurrency to flow in their area so it is possible to convert your coins to fiat immediately.
To cashout crypto you need to have an account with bitcoin. You can transfer your crypto money to bitcoin. Then your country has a local bitcoin. You can transfer your bitcoin to this local crypto of yours. But to simplify you can just send your bitcoin through paypal.
Here in the Philippines. I only know one way to cash out bitcoin and cryptos. On a crypto exchange, Exchange you altcoin for bitcoin then send the bitcoins to coins.ph and from coins.ph you can cash out btc using its current rate and you can withdraw it on security bank.
There are two ways to do it that I seriously consider. One is buying gold paying with bitcoin and than selling gold as you would normally do. The other is using the localbitcoins contact to arrange for a private meeting and exchange of the tokens to fiat. Both have advantages and disadvantages. I would first try it with small amounts to learn of their advantages and disadvantages and then go slowly higher.
In my country you can cashout on some banks or you can pay your bills thru crypto but the most people do are to cashout it using pawnshops.
Use your local exchangers to cash out. No stress no hazzles.
You must sell your crypto to USD, go to an exchanger to trade your crypto. And then you can withdraw with your account bank
Nobody mentioned https://bitpay.com yet???
Also https://hiribi.com
As being new to the crypto currency world. I like to know how do you cash you your money?
such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
In principle, your country should have exchanges and so on, so you can cash these tokens through the exchanges and exchange them for French COINS. such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
You can use peer-to-peer service such as Localbitcoins or BitBargain and sell your crypto-currency at a premium, sometimes charging more than 20% above the market price. This option, however, will take some time as you will be required to send appropriate documents for verification purposes first, and only when approved you will be able to become a seller. Also, you will need a bank account that accepts “faster payments”. The risk carried with this option tends to be moderate as you're exposing yourself to potential chargebacks....
the main problem with projects like Bonpay and others with plastic cards can be used only in EU and all answer to question about other countries ,same answer as soon as posible.
As being new to the crypto currency world. I like to know how do you cash you your money?
such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
The simple way to turn it into real money we can sell it to people who need it and in return we get cash. such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
Normally, I use Localbitcoins to trade (buy & sell), as it's one of the most reliable Bitcoin's trading platform for now.
For the Ethereum's trading - I use several of them, including coinhako and remitano (Both of them have their own pros and cons)
If I want to trade Monero - localmonero would be the ideal choice (at least for me)
PS: All these crypto's trading platforms offer local online banking transfer, which is what I needed the most~
For the Ethereum's trading - I use several of them, including coinhako and remitano (Both of them have their own pros and cons)
If I want to trade Monero - localmonero would be the ideal choice (at least for me)
PS: All these crypto's trading platforms offer local online banking transfer, which is what I needed the most~
There are several ways of cashing out your bitcoin. you can cashout through exchangers that changes bitcoin directly to fiat, you can sell to an individual that you know, you can withdraw through bitcoin ATM if there is any in your country.
You must sell your crypto to USD, go to an exchanger to trade your crypto. And then you can withdraw with your account bank
I think if there is local exchanger in his country would be easier to cash out to local currency through bank.
Or you can also find sombody for example your friend then they will pay you in cash.
But maybe bit difficult a person since most people make transaction in exchanger.
It depends on your country and what documents are you able to provide to the exchange.
you can sell BTC easly in "localbitcoins" but watch out from scammers.
btw - one of my friends is using bitfinex, i never tried them but according to him they are fine
you can sell BTC easly in "localbitcoins" but watch out from scammers.
btw - one of my friends is using bitfinex, i never tried them but according to him they are fine
I just go to a local bitcoin shop and cashout my bitcoin for $. That easy.
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