Topic: What is your favorite way to cash out? - page 28. (Read 3158 times)

So you have some Bitcoin and you want to cash it out eh? Well first find yourself an ATM that accepts sell orders and get that wallet ready (in more ways then one!). Just like any other ATM the fee that you are charged and what price you sell (or buy at) is determined by the owner of the ATM. These fees can range from 4-10% and don't expect to get the best price. The owner sets the prices and it can get private dance room expensive to buy or sell, so make sure you weight those options.

If you live in a major metro area in the United States chances are you have a Bitcoin ATM within modest driving distance. I live in Long Beach, California and there are quite a few in my city and even more as you travel north to Los Angeles. CoinATMRadar.com  is a great resource for finding a local Bitcoin ATM. They have a large listing and it's easy to navigate. They also have some helpful articles. The info they give on each location is nice, although it may be outdated.

Thru local bank supported by our local bitcoin wallet for cash out. But have limit because there was a possibility that your account will be block. There are also another option for cash out thru your bank account via remitano. Just offer your selling price and the payment was directed in your bank account registered in your profile. Just need to confirm when you received the payment and the system will send your bitcoin to your buyer. Those are my tools for cashing out my bitcoin and conberting to fiat currency.

What is this 'cash out' option?  I thought EVERYONE

HODL

I have two ways of cashing out my bitcoin here in my country which is the Philippines. Cashing out through in a bank and in a remittance center using my bitcoin wallet. But my favorite and i'm always using is cashing out in a bank which is zero fees every time i used it using my bitcoin wallet.

SWIFT from exchange is good one way to cashout if amount is large enough

In my country I used coins.ph you can choose what option do you want to cashout your money they have bank,  remitances and cardless atm.  The advantages of using this cahout option like gcash or bank or cardless atm. You can get your money instant or wait only 10minutes or to get your money.  For sure most of filipino use this to cashout their money this is very trusted and many user until now use this and now the user will be 1million and counting.

This is one of the possible ways but not all having the opportunity to get a card specially on far away countries. I have tried to use cryptopay because of their VISA card which you can easily reload from your own online wallet directly converted to your card which you can able to use world wide as long it is visa based then its fine but the main issue here is that the card didn't even reach out my residence for almost half a year after that I didn't tend to make use and rather encash them on our local wallet provider which is more convenient.

Local exchanges is the only way for me. 5 exchange sites in my country. But  btc is cheaper. So i can't sell any btc.
We will wait to btc's increase.(30k for cash out)

Probably one of the easiest methods is to get a bitcoin debit card through an exchange and then use that to deposit bitcoins into your card and then withdrawing from an ATM, or you could request a bank transfer if the exchange has that option.

well here in nigeria, i use remitano its safe and fast

Depends on the amount, for small amounts in person, for large amount wire

I use coinbase.. But, someone mentioned - local dealers. Could someone give more details about that? How it works, where or how I can find them? I would like to try as well...

I use wire.

the guys are discussing quite an interesting topic and many ways are quite good and interesting. To date, I withdraw cash using the WebMoney payment system. I understand that I am losing a large percentage, but compared to other opportunities, this is quite modest.

I myself have no choice but bitcoin, because bitcoin is the most used coin in our main exchanges. and Ethereum's demand continues to increase. so I still choose bitcoin.

"best" is really subjective in this case because it is completely dependent upon what your own personal priorities are.

- Safest & Easiest = Coinbase... no-brainer here really. Granted, their fees are high and they report anything over $20K to the IRS, but I have usually got the actually $ in my bank account within 2 days or less... even though they usually say it can take up to a week... but that hasn't been the case with me.

- Quickest & most Anonymous - ideally someone you know and trust that wants to buy your coins directly for fiat. But this has to be a very small # especially if you want to sell a large amount. That leaves serviced like localbitcoins, which can be ok but can also be very risky. Many people may not realize that any localbitcoins transactions done through paypal can be reversed up to 6 months after the transaction. what this means is that even someone with a 100% rating can screw you at any time by filing a dispute on paypal and you will lose your money.  Granted, for those wanted to evade tax liability, this is probably the best option, but it's damn risky and I would think twice before you do it.

Certainly, BTC or Altcoin conversion to fiat is a big gap in the market to date. Aside from Coinabse, there are other exchanges that can do it in certain countries, but even many of those are suspect and have had numerous issues. I know there is a lot of red-tape involved with providing this service, but really surprised there is still such a big gap here for options.

the best way to get money is to exchange crypto-currencies for a Fiat with your friend, acquaintances, or their acquaintances)

I also use Localbitcoins. It is very good service. I have read some bad news. When one man got cash by exchanging with dealer, his money were stolen by strangers. So i use only cards.

Done some through Localbitcoins, but mostly through the local dealer. I prefer to exchange for cash, not to a card.

Have you used skrill for withdraw bitcoins?
Do you have skrill mastercard?
when i deposited bitcoins in skrill then i cant to withdraw money from ATM. it was rejected.