Bitcoin Forum

Other => Beginners & Help => Topic started by: WarezWaldo on November 05, 2012, 10:49:20 PM



Title: Whats Best Way To Convert BTC Into USD Without All The Middle Man Services+Fees?
Post by: WarezWaldo on November 05, 2012, 10:49:20 PM
I want to convert my BTC into USD to be put into my bank account in the fastest/simplest/safest way possible without high exchange or service fees or having to signup for another money transferring service: dwolla, paypal, ect.

What are the best options/services that can do this, convert my BTC into USD to go into my bank, in the least amount of exchange/transfer steps possible?


Title: Re: Whats Best Way To Convert BTC Into USD Without All The Middle Man Services+Fees?
Post by: Stephen Gornick on November 05, 2012, 11:03:51 PM
I want to convert my BTC into USD to be put into my bank account in the fastest/simplest/safest way possible without high exchange or service fees or having to signup for another money transferring service: dwolla, paypal, ect.

What are the best options/services that can do this, convert my BTC into USD to go into my bank, in the least amount of exchange/transfer steps possible?

https://i.imgur.com/8IyCk.jpg

Pick one.

The factors that matter in order to give you the best answer include:

 - Where are you located (country)?
 - How much are you looking to sell?
 - What form of cash are you looking to receive?
 - How soon do you need access to the proceeds?
 - Is privacy important?

In the U.S., ACH cash-out is definitely the preferred way nowadays.

You can get this from:
 - http://FastCash4Bitcoins.com
 - http://BitFloor.com
 - http://BitMe.com
 - http://Coinbase.com


Title: Re: Whats Best Way To Convert BTC Into USD Without All The Middle Man Services+Fees?
Post by: panda1 on November 05, 2012, 11:11:58 PM
also, craigslist if you're in the US.


Title: Re: Whats Best Way To Convert BTC Into USD Without All The Middle Man Services+Fees?
Post by: karlzt on November 05, 2012, 11:25:22 PM
I trust Coinbase because is YC backed.


Title: Re: Whats Best Way To Convert BTC Into USD Without All The Middle Man Services+Fees?
Post by: joecascio on November 05, 2012, 11:26:50 PM
I would suggest Coinbase.com. Very low fees, seem pretty reliable, you can link a US bank account to move money in and out. Have used it and can report that so far, they're pretty good.


Title: Re: Whats Best Way To Convert BTC Into USD Without All The Middle Man Services+Fees?
Post by: WarezWaldo on November 06, 2012, 01:28:54 AM
I checked out coinbase and it seems good, but they limit to only $100-USD to sell your bitcoins a day. I dont want to be limited arh!!

Quote
I trust Coinbase because is YC backed.
What is YC Backed?

Quote
http://BitFloor.com
http://BitMe.com

didn't bitfloor get hacked before?
do either of those sites have low/limited withdraw limits like coinbase does?
how safe is it to attach a bank account to those sites, is the setup the same as like paypal where they make 2 small deposits into your BA and then you tell them the 2 amounts to confirm your BA?
How could you prevent unauthorized withdraws from your BA into your BTC account once its attached? 


Title: Re: Whats Best Way To Convert BTC Into USD Without All The Middle Man Services+Fees?
Post by: karlzt on November 06, 2012, 05:18:04 PM
Quote
What is YC Backed?

YC is: http://ycombinator.com/


Title: Re: Whats Best Way To Convert BTC Into USD Without All The Middle Man Services+Fees?
Post by: Crookid on November 08, 2012, 03:44:29 PM
sell them in major arenas where it is free to communicate with other traders (forums, gambling sites) etc..


Title: Re: Whats Best Way To Convert BTC Into USD Without All The Middle Man Services+Fees?
Post by: AndrewBUD on November 08, 2012, 03:48:37 PM
Sell them to me.



Sell them to Burtw :)