Pages:
Author

Topic: What are the ways i can cash out Bitcoin in another country? - page 3. (Read 686 times)

hero member
Activity: 1638
Merit: 518
well, it's a bit hard for me.
every country have a different regulations for bitcoin, the way for it just u must know some person on that country for cashing out your btc.
or try to find who want to buy btc and make face to face transaction, since u have no bank account.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
You can visit localbitcoin from your mobile phone to find local sellers, which will help you to cash out your bitcoin to that local currency. That is one thing that you can do while you stay in that country, and I am sure that you will get many good and recommended sellers that can help you. If you can find a bitcoin ATM, then you can go to that machine to cash out the bitcoin, but unfortunately, not all big countries will installed that machine. But the other way that you can do is before you go to another country, you can cash out your bitcoin with your favorite way, so you already have the money, and after your visit that country, you will not have to cash out your bitcoin.
sr. member
Activity: 868
Merit: 251
HEX: Longer pays better
I don't pay too many different means. My way is to speak directly to some people on telegram or trade in intermediate exchanges. After that, my money will be sent to the bank account or electronic wallets. If you go to another country but you can't make a bank card then surely the transaction is very difficult. things will get worse if you trade with Visa or Paypal, because it can lock your money anytime if they find out you are trading crypto. I think there is no other way than to transact via a bank.
sr. member
Activity: 1022
Merit: 252

If i ever go to another country and try to cash out Bitcoin,

what are the ways?


Only two things i can think of...

1. Make certain bank account where i can cash out Bitcoin

2. In person


1st option may not be possible though at certain country...

Any thought?

Bitcoin ATMs or if your country that you go have local exchange which able to convert cryptocurrency to fiat of their country you can use it.
I think the exchange option is better compared to bitcoin atms which known takes too high fee for redeeming our crypto to fiat. But if the bitcoin atms is the only way, you should use it.
sr. member
Activity: 1876
Merit: 318
Depending on the country where you will cash out, if the country prohibits bitcoin, it will be more difficult for you to cash out.
But there is still a way that is with a third party service that will convert bitcoin to the currency of the country you want. If the country
it has been legalized bitcoin will be very easy to do cash out, because all that remains is to create a bank account in that country,
after that bitcoin in your wallet can directly convert and enter your bank account in that country.
hero member
Activity: 2702
Merit: 672
I don't request loans~
Which country do you plan if ever? Some restrict the usage of crypto so no matter how hard you try, it'd be pretty hard to cash out BTC to fiat. There are crypto atms in the world, but only à few countries cater them and they have tad bit high fees. Imo though, just cash out when you're still in your home country and then change it to fiat. Removes a huge hassle, especially since adoption is still rarely seen all over the globe.
sr. member
Activity: 812
Merit: 257
in some countries there are usually money exchange services, especially in tourist areas, it is possible that these services also accept bitcoin, You can also convert bitcoin into that currency online, then exchange it at a money exchange service, so no need to worry, if there is internet everything becomes easier.  Wink
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
I think to make it simple maybe cashout into my back account and then exchange it in money changer. Because we don't actually know what can happen if we exchange our bitcoin into country that maybe ban it or maybe although it is regulated, will be hard to find it personally. And as foreigner, usually people will underestimate us or maybe can use our weakness to scam us.
sr. member
Activity: 1344
Merit: 264
bit.ly/3QXp3oh | Ultimate Launchpad on TON
It is best to use the P2P trading method, which is the fastest and safest way when you are in a country in the world. You don't need to spend too much time creating bank accounts in their home country, it can get you a lot of trouble because the rules are different in each country. Just find buyers in that country and you'll sell them as easily as possible.
hero member
Activity: 1260
Merit: 510
I can't give the best advice because every country has different regulations, but I will try to give advice, hope it can help,

First, you must create an account at a local exchange that provides withdrawals with the bank.
second, make sure the bank is in your place,
third, if the country does not prohibit bitcoin, then you only need to create a bank account that matches the exchanger,

after everything you've done, you can already sell bitcoin and make it to FIAT.
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
If you plan to cash out small amounts, try to use the BTC debit card services. The physical card is the best option for using the BTC on ATM or pos terminal. If you have no time to order physical cards, you can use virtual cards and transfer from one card to your new card which ordered on arrival country. For high amounts, it is risky to use this option, the bank can freeze the account if something is suspicious.
legendary
Activity: 1834
Merit: 1036

If i ever go to another country and try to cash out Bitcoin,

what are the ways?


Only two things i can think of...

1. Make certain bank account where i can cash out Bitcoin

2. In person


1st option may not be possible though at certain country...

Any thought?
If you wan’t to get a specific answer, you better add in your post which country are you planning to visit and exchange your Bitcoin to their local currency. In the Philippines, that would be a problem for foreigners, because Bitcoin exchangers in the Philippines are strict, before you can open an account that allows you to withdraw in local currency, you need to go through KYC. Even if you plan to open a bank account, you need to go through KYC.
sr. member
Activity: 1372
Merit: 322
Coindeal has decided to launch its card service. If I am correct, you can use this everywhere. I have not go through it fully but I had the impression that you can use it everywhere. They said "cash withdrawal of local currencies from ATM." which mean you can.
Check out- https://coindeal.com/card/
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform

The simplest way is to ready your bitcoin converted to fiat already before you go out to any country since there's no guarantee that the particular country you want to visit has crypto-accepted services.
Yeah like why not do it ahead of time? Why give yourself a headache anyway.
If your reason is you don't wanna bring much cash then you why not use your debit card or credit card if you have.
Or even for emergency purposes.

----------

I just hope OP could specify which country he'll visiting.  Grin
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
Every country and every bank could have its own terms and conditions when it comes to cryptocurrencies.
I don't know which country you are planning to go but no matter to that I think that solution is rather simple. Use one of available Bitcoin debit cards and you can get any cash without any issues and complications. Of course, you will need to pay certain fee and there is a limit for cash withdrawal but unless you need a really large sum that shouldn't be a problem.
I think that is the easiest and the most convenient way to cash out Bitcoin or any other cryptocurrency.
sr. member
Activity: 1033
Merit: 250
Leading Crypto Sports Betting & Casino Platform
in use if there are regulations you need to follow them and also you need to know a little about those rules, so I think if you use bitcoin in other countries then you need to know the rules first. because if we don't follow the rules then you can be fined for breaking the rules.
sr. member
Activity: 1918
Merit: 268
Vave.com - Crypto Casino
You need to track where you can exchange your bitcoin for fiat currency, in my country there is also a bitcoin atm or exchange where bitcoin can be liquidated easily to be fiat currency in my country, but I think also which countries do not have bitcoin users in it , it seems impossible, even in almost all countries there are bitcoin ATMs or exchanges that can be used to sell your bitcoin into fiat currency, do not have to make a bank account sometimes we need someone to withdraw it with his account, it's usually done by me because I don't have bank account, so I pay someone else to withdraw my funds through his bank account
copper member
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
Just make sure that the country you want to go to, doesn't have crypto restrictions or say, crypto is banned.

If you are going as a tourist, and for a short period of time, then you have a couple of options:

- Order a bitcoin debit card prior to traveling.
- P2P trading using PayPal or Skrill (make sure they're linked with your Visa card so you can withdraw).
Adding, KYC is mostly a must in those services, so ready your personal documents when trying making an account on the services mentioned on the sheet.

The simplest way is to ready your bitcoin converted to fiat already before you go out to any country since there's no guarantee that the particular country you want to visit has crypto-accepted services.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
Before going to another country, do research on what's the local exchange that they have so that it will be easier for you to cash out if you want to sell your bitcoins there.

But if they don't have, as an addition to the suggestions.

Check it on localbitcoins and you might find the guy nearby you.
staff
Activity: 3500
Merit: 6152
If you are going as a tourist, and for a short period of time, then you have a couple of options:

- Order a bitcoin debit card prior to traveling.
- P2P trading using PayPal or Skrill (make sure they're linked with your Visa card so you can withdraw).

I'm pretty sure we could help you more if you share with us more details (your current location, where are you headed and whether you have a student/work permit or simply a touristic visa).
Pages:
Jump to: