Author

Topic: What you will prefer for conversation of btc to cash ? (Read 787 times)

legendary
Activity: 1722
Merit: 1014
Looks like more than 50 % members use to prefer localbitcoins exchange or local exchange only than  bitcoin debit card.
hero member
Activity: 644
Merit: 500
I prefer use trusted exchange with small withdrawal fee, around $1 or lower
but many of them use percentage of our withdrawal amount, which is high if we cash out big amount of BTC Sad
current fee of bitcoin debit card is not good for cashing out directly on ATM Sad

But if i can spend bitcoin for goods that i'm looking for, i'll spend bitcoin to buy it. rather than cashing it out and buy use fiat money
I prefer BIT-X debit card with low fees , easiest way to get cash for your btc or ltc
how much the fees? interesting with this one Smiley
legendary
Activity: 2198
Merit: 1014
Bitdice is scam scam scammmmmmmmmmmmmmmmmmmmmmmmmm
I prefer BIT-X debit card with low fees , easiest way to get cash for your btc or ltc
legendary
Activity: 2772
Merit: 1127
Exchages, so I don't need to make p2p transactions and can withdraw at any time?

And I don't pay more than the exchange price?
legendary
Activity: 2968
Merit: 1895
...

Myself, I bought BTC for cash and have no desire to change it back into FIAT$.  BTC is another asset class, a diversification.  Besides, you get hit twice for transaction costs if you buy an dthen re-sell your BTC.

And done right, it is hard for anyone to easily track your transactions (especially with localbitcoins.com and mixing your coins).

I only spend (and rarely at that) BTC for gold or platinum.
legendary
Activity: 3038
Merit: 1032
RIP Mommy
newbie
Activity: 13
Merit: 0
Use Cashila and "sell" BTC to your bank account.
member
Activity: 99
Merit: 10
I have no use for this "cash" you speak of.  Cheesy

That is aright for some! Some of us are forced to to keep our homes and stop from getting our asses put in prison for not paying bills, I am looking forward for the day when all bills can be payed by Bitcoin though because cash/fiat they have forced us to use is history and i don't want to be part of their control anymore it is like i said though for now we are forced to :/
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I have no use for this "cash" you speak of.  Cheesy
hero member
Activity: 502
Merit: 500
i prefer local exchange for cash deposit in my bank or if possible then face to face deal with buyer for hardcash
legendary
Activity: 980
Merit: 1000
for now i only use local exchange for selling my bitcoin and receive cash direct in my bank account
because there is no bitcoin ATM in my country
hero member
Activity: 546
Merit: 500
AKA The Rubber Monkey
I use localbitcoins quite a bit and am very happy with the experience. A Bitcoin debit card is convenient, but I can usually sell Bitcoin through localbitcoins and have the money on my bank card within an hour.

I agree.

If I don't want the money in my bank account, there are a couple of localbitcoins buyers in my area that will meet me at an ATM machine and give me cash. The only inconvenience is that it can take up to four hours, but my vote is still for local bitcoins.
full member
Activity: 210
Merit: 100
I use localbitcoins quite a bit and am very happy with the experience. A Bitcoin debit card is convenient, but I can usually sell Bitcoin through localbitcoins and have the money on my bank card within an hour.
legendary
Activity: 1596
Merit: 1010
I still prefer local exchange than bitcoin debit card, even the withdraw fee is about $2 Sad
And there aren't any Bitcoin ATM in my country for now

But, i still prefer use bitcoin than sell it

Same here, rather spend Bitcoin than sell it.

I even gladly pay a fee to pay bills in BTC through BitBill or BitWala....I really don't mind lol Smiley

Had some success using a Bitcoin debit card here in Belgium, yet very few shops accept it unfortunately...
legendary
Activity: 1722
Merit: 1014
Share your opinion , what you will prefer for withdrawl of bitcoins to your local currency .

Bitcoin Debit card with huge fees to withdraw via ATM.

OR

Localbitcoins exchange or any trusted exchanger  to receive cash direct in your bank account.

Always use localbitcoin exchange there really is nothing else you need although if governments start to regulate heavily and banks become a pain the i will have to trade at local bitcoin but locally for cash. Also buy product online with bitcoin and sell it locally for profit Smiley

Yeah,localbitcoins.com is a safe and easy way to encash your bitcoins . Because, If you will use bitcoin debit card, you will be charged for every withdrawl like $1 / withdrawl and Huge fees  for inactivity. That means , if you didn't make any transaction with your debit card, you will be also charged for not using your btc wallet.
full member
Activity: 151
Merit: 100
Share your opinion , what you will prefer for withdrawl of bitcoins to your local currency .

Bitcoin Debit card with huge fees to withdraw via ATM.

OR

Localbitcoins exchange or any trusted exchanger  to receive cash direct in your bank account.

Always use localbitcoin exchange there really is nothing else you need although if governments start to regulate heavily and banks become a pain the i will have to trade at local bitcoin but locally for cash. Also buy product online with bitcoin and sell it locally for profit Smiley
full member
Activity: 120
Merit: 100
Share your opinion , what you will prefer for withdrawl of bitcoins to your local currency .

Bitcoin Debit card with huge fees to withdraw via ATM.

OR

Localbitcoins exchange or any trusted exchanger  to receive cash direct in your bank account.
Transfer to my bank account, then let me withdraw it as cash, no fees or overheads, easy
legendary
Activity: 1722
Merit: 1014
Share your opinion , what you will prefer for withdrawl of bitcoins to your local currency .

Bitcoin Debit card with huge fees to withdraw via ATM.

OR

Localbitcoins exchange or any trusted exchanger  to receive cash direct in your bank account.
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