Topic: Where I can cash out bitcoin to fiat? (Read 265 times)

In the philippines which is my country we have a bitcoin wallet called coins.ph that is being recommended by many people.In this wallet you can easily cashout bitcoin to fiat and withdraw it in security bank atm with no fees and charges.

It depends on a currency you are using. You can do a peer to peer or person to person and meet him up or you can use localbitcoins.com it is an escrow site where you can trade your bitcoin into a local fiat you like.

Here you have many options to convert into cash , First option is to have account at coinbas ( since It is a long term running third party Wallet ) coinbase Wallet has many options of handle your bitcoin with another coin also , so you can use coinbase .
Second opinion that is made for fiat in INR ( India where I am ) is zebpay , most trusted and without any problem .
Third option is to get a bitcoin trader in your local area , you can easily find ( make Google search , hopefully you can found nearby to you.
Fourth option is to get at localbitcoins.com where you can found directly buyers and sellers for every possible type of payment option .

coinbase is good, sometimes less than 12 hours for wallet -> banking card tx. but at the moment they suffering from rapid customer increase, they can't handle it it all. so be careful

It always good to to understand the laws of your country for Bitcoin, you migth need to register as an investor to be able to access your big amount of  Bitcoin,Remitano and Luno are exchange site where you can sell and convert you Bitcoin to fiat.

If you are holding a really significant amount in bitcoin and suddenly transfers it to a normal bank account, it will raise an alarm and you may have to face a probe in front of the taxing authority of your country. So take a different approach. Transfer small amounts of money to your bank account at a certain interval, preferably monthly. It will take care of your expenses and you will be able to save that money to a different bank account or  invest in some government approved funds. Do it in small amount so that no alarm is raised. A big amount transfer can lead you in great deal of trouble.

Otherwise, you can meet local dealers who deals in cash. Even though handling large amount of cash is a big task, but that is thr only way you can transfer significant amounts of bitcoin into fiat without raising an alarm.

If you plan on doing this via the legal route and you are going to pay the taxes, then you should use "regulated" exchanges.

These entities require you to adhere to KYC/AML regulations and you will get audited, once large amounts go through your

Bank accounts. This is your best bet.... because it is legal. 

Yes here in the Philippines you can cashout your bitcoin to fiat by using bitcoin wallet in the help of coins.ph. you can cashout easily.

my local exchanger website must be still can handle the market activity. but they limit their user withdrawal with some amount of money only. so i will still use it but withdraw my cash little by little

Its always better to get some cash face to face if holding a larger volume of coins. There are so many hackers there who can steal your money , its always better to preserve the coins in the original wallets and let the value also increase.

Use trusted exchange sites make sure everything is positive by trying it out with small amounts to make sure you are playing safe, you can use localbitcoins too have used it in the past had no issue make sure you are dealing with the right user though.

Uh, drama queen much? Hundreds of thousands of people have done it just fine and people do it every day. Be upfront and you'll be fine.

The entire reason for BTC is to escape the FIAT racket "FIAT MEANS NOTHING was pulled from some bankers ass"

FIAT means, that there is nothing to back the currency, not gold, pre 1972 the USD said "In GOLD WE TRUST", post 1972 they changed it to "In GOD we trust", well guess what the GOD of US-DOLLAR post 1972 is Satan, and he ain't going to cover this 'FIAT'

So along comes BTC real money,

Probably a more rational approach would be to BUY GOLD for your BTC, and again you can easily lineup a trusted escrow where buyer and seller can be public/private, and no bank(GOVERNMENT) involved,

The FIAT system is going down, and the only place to keep money in the coming civil war will be gold, beans, bullets, ... real estate is not safe, U can already buy cars for BTC, and go shopping.

If a person wanted to diversify its easy to sell bTC on a non-banking aligned exchange, and grab some alt-cryptos that have high potential value. Most likely future BTC in coming years will no longer see parabolic gain, unless there is a war in say Korea very soon, unlikely that is,

For now its a waiting game, IMHO BTC is better than GOLD if U live in USA, when the civil war starts U will not be able to carry your gold out, so if you got private-keys in your 'head', then you can travel anywhere on earth

the dangers in the money transaction must exist, because the money is needed by many people in this world. we need to be careful in doing things, and trusting good people. because the trust we are looking for is quite difficult.

Well it dependa on which country you live in. Buying and selling bitcoin for big amount of money can be a problem such as tax and money laundring. But face to face is the best way to sell. But you should trust that person as well.

Definitely register and get verified an a well known and trusted exchange like Kraken or Bitstamp for example and you should have no problems.
They both offer pretty large maximum fiat withdraws and I haven't had any problems with them in the past.

Some people have suggested Localbitcoins, but I wouldn't want to trade face to face for large amounts.

Do make sure that you report everything for taxes, the exchanges can give your tax authority all information.

many way
convert bitcoin to usdt then withdraw from usdt website
deposit bitcoin to wex.nz then withdraw by wire transfer. (100$ fee)
use centra card, tenx card, monaco card to cash out from atm

That's called 'structuring' and they will grab your entire account.

There is NO safe way to exit, this is why the PRISTINE BTC's ( think satoshi ) have NEVER been spent, cuz there is no exit.

First thought would be to have sacrificial account in a bank you dont' use for your paycheck, or your savings. Cuz when GOV decides to lock U and seize they will grab all money that is 'mixed'

...

really only safe thing is to accumulate BTC by mining and hope the USA US-Dollar collapses, and then once the USA gov is gone and the BIS/Israel are out of business, then folks will be safe, but for now its clear that BTC is just a PRETEXT to rob you and tax u to death by GOV.

All along its been the same, U acquire BTC by mining and you hold them to keep your wealth intact, they day trading bullshit of BTC is rather new, and of course ALL exchanges are GOV operations, and under their thumb, there is no free jurisction on earth, other than perhaps the BTC exchange in Nigeria, which of course means U lose.

...

To answer your question, its back to the original BTC means to get cash, you find a cash buyer on the network, U meet in a public place and u sell btc to them as a cash transaction, then your done.

U use a bank your screwed for life, you use an exchange your screwed,

BTC was always 'anarchist' money off the grid, but as soon as you mix your BTC and GRID then your no longer an anarchist, your a sheep that has called the PIGS and has asked to be slaughtered.

Sure U can be an idiot day trader and play right into the IRS hands, and you just KNOW that the IRS loves this shit, as they have ran COINBASE since dayone, and all the USA exchanges. U mix BTC with a US bank ( and note +90% of bank on earth have their balls in USA grip ), its not a pretty site.

Just HODL, but u must sell, then sell for cash, in a public place.

In my country which is the philippines I can cashout my bitcoin to fiat using my btc wallet which is the coins.ph.With this wallet you can be able to cashout your bitcoin to fiat easily.

Coinbase, Bitstamp, Bitfinex are the most reputable exchanges for the job (assuming that they support your country) but since you're going to do that for large amount of money, I suggest contacting your bank first and asking If they have no policies against bitcoins, you don't want to take a risk.