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Title: Using bitpay to convert btc to fiat Post by: gonzos on August 05, 2015, 08:42:54 AM hey, newbie here.
I am based in europe and wonder how people here convert there btc into fiat convieniently. I thought about using bitpay and paying myself so It lands in fiat on my bank account. are there holes in my logic? Title: Re: Using bitpay to convert btc to fiat Post by: n3o111 on August 05, 2015, 09:05:51 AM You can use BTC-e, BitStamp or LocalBitcoins. If you are going to use LocalBitcoins, you should make sure the buyer you choose is trustworthy. It is not always possible but you can get an idea by reading all feedback. Stay away from "too good to be true" deals and don't send Bitcoins directly to buyer's address.BitPay is a payment processor system which is being used by companies which wants to accept BTC payments.
If you want to exchange your BTC to fiat money you should use Bitcoin exchanges. https://en.bitcoin.it/wiki/Comparison_of_real-time_trading_exchanges Title: Re: Using bitpay to convert btc to fiat Post by: Nas on August 05, 2015, 01:49:32 PM hey, newbie here. I am based in europe and wonder how people here convert there btc into fiat convieniently. I thought about using bitpay and paying myself so It lands in fiat on my bank account. are there holes in my logic? Technically you can do that but that would be pretty expensive considering Bitpay fees. You better use a local exchange site or localbitcoins to avoid higher fees. Title: Re: Using bitpay to convert btc to fiat Post by: Muhammed Zakir on August 05, 2015, 01:52:18 PM You can use BTC-e, BitStamp or LocalBitcoins. If you are going to use LocalBitcoins, you should make sure the buyer you choose is trustworthy. It is not always possible but you can get an idea by reading all feedback. Stay away from "too good to be true" deals and don't send Bitcoins directly to buyer's address.
Title: Re: Using bitpay to convert btc to fiat Post by: ultimo_dragon on August 05, 2015, 08:37:00 PM Yeah Localbitcoins is probably the easiest way for you to do this. You can get pretty decent rates if you shop around and it is very convenient.
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