Where to most people change their BTC back into fiat?

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Quote from: Has Mistook an Oath on September 21, 2017, 08:33:42 PM

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

Hello. Check localbitcoins.com. There you can change BTC for fiat which is popular in your area.

jonatuzc

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Quote from: Zadicar on October 05, 2017, 12:12:33 PM

Quote from: Has Mistook an Oath on September 21, 2017, 08:33:42 PM

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

Localbitcoins would be the other alternative if you do really like to exchange your btc to fiat if you dont like exchange rates but mostly rates wont really much differ into those people who are on localbitcoin and into common exchanges.

Yes localbitcoins are more likely to use for converting your bitcoin in fiat. They provide you better resources and services than all other local exchanges. If you can afford so better is to make exchanges at international exchangers like Bittrex or Poleniox but they cut much fees. From local exchanges localbitcoins are somehow better.

ethereumhunter

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Quote from: Has Mistook an Oath on September 21, 2017, 08:33:42 PM

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

actually i am using local exchange to withdraw my btc into fiat and so far, i think its works like a charm and i don't have any problem with them. the local exchange is also my friend with the same country with me but different city and we've meet so i am believe with thim. i don't know with the other exchange and how much fee they want because every exchange make their own fees. you can try to use localbitcoin and find people which is the same city with you so you can feel easy to exchange your btc to fiat.

aardvark15

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Quote from: Has Mistook an Oath on September 21, 2017, 08:33:42 PM

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

I've used Coinbase in the past to convert and they do charge a fee to convert but I don't recall how much. It didn't seem outrageous at the time. You may want to consider asking friends that want to buy Bitcoins if they want to buy some of yours. This would be a win for both because neither of you would need to pay a fee other than the miners fee. This could also be a safer method of cashing out and you could avoid government taxes.

carlerha

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Quote from: Qunenin on October 05, 2017, 12:00:40 PM

Two places I know of are the most common, right on the exchange and sites like paxful. The drawback to the exchange is KYC regulations and those hoops. The other sites do not require much, but depending on the exit FIAT form, the rates can be highly tipped against you. Best to make the FIAT exchanges as rarely as possible.

It feels like you are recommending to avoid the use of fiat exchanges but it is impossible mate. Crypto and fiat have a co-relation and it is all due to these exchanges, we can’t ignore any of them when we step into cryptocurrency.
According to my knowledge almost every country where cryptocurrency exists there are local exchanges, who provide the services to the locals to buy and sell bitcoin or any other cryptocurrency with the local currency. Apart from the local exchanges we have several services like OK pay, PayPal and pay easy where we can exchange bitcoin to fiat.
I personally prefer local bitcoin exchanges because they are convenient and their service is much better and quicker than any other instrument used for this purpose.

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Quote from: vaughn125 on October 06, 2017, 08:47:26 AM

Quote from: Has Mistook an Oath on September 21, 2017, 08:33:42 PM

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

There are a lot that you can actually use on the internet. But be careful with the urls. Make sure that the site is secured and that all the characters or spelling of the website address is right. You can use coinbase for example. But really depends on where you are. If you have local exchanges in your place, then better you do it with them. Or with a trusted person so you can save a lot with fees.

be careful on loggin in in everyaccounts it might be a phishing site, consider checking the urls and know what were doing,learn everything we need before putting too much rish.

vaughn125

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Quote from: Has Mistook an Oath on September 21, 2017, 08:33:42 PM

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

There are a lot that you can actually use on the internet. But be careful with the urls. Make sure that the site is secured and that all the characters or spelling of the website address is right. You can use coinbase for example. But really depends on where you are. If you have local exchanges in your place, then better you do it with them. Or with a trusted person so you can save a lot with fees.

batang_bitcoin

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Quote from: Has Mistook an Oath on September 21, 2017, 08:33:42 PM

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

Most of the people are using coinbase but since they are becoming strict everyone that wants to convert their bitcoin into fiat currency are into local exchanges.

Quote from: Has Mistook an Oath on September 21, 2017, 08:33:42 PM

What methods offer the best exchange rate these days?

We can't have that method to offer that you are talking about because these days the price of bitcoin isn't stable and keeps on moving. The whole market depends on the supply and demand of bitcoin and everyone doesn't have a method for that.

giveen

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There are ao many ways but before proceeding any check the legitimacy of the service:
1. Local Bitcoins : Really good concept to sell your btc easily and get the money in your own local currency with a fees of only 1%. All you have to do is send btc post a trade when someone is interested in buying your coins he will send you first and then you release it.
2. Tether: It is a coin itself but it's price will always be around $1. It is listed on most major exchanges all you have to do is sell get usdt transfer to your account and straight receive the funds in your bank accounts.

Disclaimer : For all your accounts always enable 2FA

lady Royal

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Quote from: Has Mistook an Oath on September 21, 2017, 08:33:42 PM

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

There are many many ways people exchange their Bitcoins to Fiat.
I really don't exchange Bitcoins I use it to recharge my carrier, Use it to buy something online, Use it to buy some games So, actually I am exchanging my Bitcoins by buying stuff online.

What most peoples do,

- Finds a Buyer and sells Bitcoin
- Finds someone locally and sells Bitcoin
- Sell Bitcoin on some exchange
- Buy product with Bitcoin and sell that product.

soham

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Quote from: Has Mistook an Oath on September 21, 2017, 08:33:42 PM

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

There are lots of ways to exchange your bitcoins in to fiat with good exchange rate. I personally use the service of Localbitcoins since a long time now and have never faced any issue with them. It is basically a platform for the sellers and buyers to meet and execute a trade. They offer an inbuilt escrow service which makes it more secure. Also the exchange rates are above the ongoing market rate. However, always look for trusted sellers to start your trade with.

loragean03

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I think it depends on you on where you want to change your bitcoin with low fees. but for me its not a big deal if the exchanges fee Is huge or not, because you cant change your bitcoin without service fee. I do change my bitcoin on my local bitcoin wallet provider to exchanges it on to our fiat money, so its more easy to me to change it on to our fiat even its have a service fee, one thing, don't change your bitcoin in a low fees site, because I think they are not trusted. just an suggestions.

entrepmind23

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Quote from: Has Mistook an Oath on September 21, 2017, 08:33:42 PM

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

I believe it is best if you exchange it to an exchange base on your country so that it would be easier for you to have access to it. As for me, whenever I received some of my earnings, I would change some to fiat in our local exchanger and then send it directly to my bank account so that there would be no hassle whenever I wanted to withdraw money. There is still other options too to cash out like sending it to a money exchange also but it has fee so I prefer to send it to my bank account because it has no fees involved.

h0lybyte

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Previoisly i was recommending localbitcoins and xapo debit card for an easy exchange process from bitcoin to fiat.
Now i came up with an update of more similar services where you can comvert bitcoin to fiat currency.
Bonpay.com and Loadoo.com, you can buy physical debit card from any of those websites and use at ATMs to cashout fiat.
Not only this but you can even deposit paypal money and convert to bitcoin using loadoo.

davids

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price and volume in each exchangers is different. look for exchangers that are often used to transaction bitcoin in your country, usually they make it easy to transfer funds to your bank

Kemarit

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Quote from: Mobshady24 on October 05, 2017, 06:08:11 PM

Good thing here in the philippines we have an official wallet app for bitcoin because i read some posts here regarding of exchanging of bitcoin into fiat are prohibited on their countries. I hope someday we can cash out our bitcoins or better all of cryptos across all over the countries.

Correct, the Philippines have a good local exchanges that can easily convert your bitcoin to fiat. And there are options for you to pay some of your bills. However, for most country that do not have that support, localbitcoins should be the best choice for you. So just have to look for a buyer that is really trusted and you can even do face to face if you want. There are really a lot of options like Xapo and Coinbase or even a BitPay card. So I think it really depends where you are located, but I pretty much give you a lot of options if you are in the US or Europe.

Mobshady24

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Good thing here in the philippines we have an official wallet app for bitcoin because i read some posts here regarding of exchanging of bitcoin into fiat are prohibited on their countries. I hope someday we can cash out our bitcoins or better all of cryptos across all over the countries.

gabbie2010

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In my country there is a forum where buyers advertise there rate as a seller, you will chat up with the buyer and once an agreement has been reached then a reputable escrow will be involved, thereafter transaction is triggered the seller will exchanged his BTC for fiat and will receive an instant alert from his or her bank.
Also localbitcoin is another place were BTC van be exchanged to fiat.

Mustion

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There are many ways to exchange your BTC into Fiats :
- You could sell Bitcoin for some others currency like Perfect money, paypal , webmoney,....
- You could sell Bitcoin for your nation fiats at your local.
- You could sell Bitcoin in coinbase to get a debit card.

erep

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Localbitcoins or Local exchanges or better is to sell like me to your friends or family who wants an investment and think bitcoin is a good opportunity. Its the easiest and trustworthy way to sell them.

Topic: Where to most people change their BTC back into fiat? (Read 1455 times)