Bitcoin Forum

I am just beginning to trade and have gathered not so may coins, may I ask how I can convert my crypto coins to Cash?

Welcome to trading. To convert your crypto to cash, you have to first convert to BTC.
Depending on your country, you can use Coinbase or Local Bitcoin to convert BTC to cash (fiat). You are able to convert LTC and ETH in coinbase too.

buy tenx card from tenx.tech, withdraw cash after you get the card. 0 tax from the government i think.

Converting crypto to cash is simply a hard task long back, now things have changed a lot with the existence of more trading websites and exchanges that render the service with small commission. Other than this it's good to find traders through the forum and make the transaction based on the trust.

You have to convert it to btc in order for you to convert it to cash or your own currency. It really depends on which country you are from too because you can also convert some cryptocoins directly to cash for cryptocoins like LTC, but only a limited list of coins are able to convert to fiat though.

With coinbse, I tried to get verified but it fails. I cannot choose my country. Not to mention coinbase had many troubles lately with transactions. I use CEX.io now, everything is super fast.

Kraken.com converts most of the coins they list to fiat, but their listing is smaller than most exchanges.

Use exchanges that can convert cryptos into fiat. Kraken, GDAX and Coinbase are 3 pretty big exchanges that can do that for you.

If you want to withdraw your coins then you have to complete AML/KYC and then you can sell your coins on the exchange for fiat and withdraw in your bank account directly.
Or if you aren't comfortable in giving your personal information online then you can also try local bitcoins where you can sell bitcoins in person also for cash.

Its simple, if you do have some coins and you can see that it can be traded to bitcoin then the best thing to do is search for an exchange site which you would need to transfer those coins in there and convert it to bitcoin directly and made a withdrawal request if the site do offer directly bank transfers then much better but better to choose up on the pay out options that would really be comfortable to you.

Welcome to the World of bitcoins

If you want to Convert Crypto coin into Cash the you must Exchange all your coins in bitcoins
First of all search for your country here https://localbitcoins.com/ , IF found go ahead and Sell bitcoins for Bank transfer
I am using this method to convert Btc in Local money, i am not promoting this site its just my review about this website

Before I told you the most effecient way of converting your crypto coins into cash please tell me what country where you in because it is a big factor before I can say the most  convenient way to convert your crypto currencies.

Because in converting crypto coins into Fiat it always different when it comes to transaction fees and spread of the buy and sell through your Fiat currency so it is advisable to use your local way in getting bitcoin so you may have lesser problems.

ignore this advice... tax applies always.

i think you should convert to btc first .

I think you haven't come across any exchanges otherwise you would have known how to cash your cryptos.
The suggestion for the best exchange can be given after knowing your country because local exchanges are better than others. You can also find your countrymen here but trade with caution.

This is one of the simplest thing over here but in your own case, a simple Google of bitcoin exchanger in your country of residence will solve the whole issue but you equally need to be careful not to learn from your own experience rather than other people experience and the reason is because a lot of people are around the web looking for who to rob of his coins. Don't get to greedy and anxious as a newbie.

Yeah that's correct. There are very less exchange that allow you to sell altcoins directly for fiat money. It is always advisable to sell altcoins for btc first and then you will be open to many options to sell btc for cash such as global exchange like Coinbase, local exchange providing dedicated withdrawal to your country's cash. Also btc can easily be traded to individuals who are willing to receive btc for cash.

There are many websites which offers you to with draw your bitcoin and transfer money to your bank account. In every country there are different websites for deposition of bitcoin, they cut little amount of fees but they will convert bitcoin into cash according to the current price value, so just search in the forum, I use urdubit for withdraw my bitcoin.

use a website such as coinmarketcap.com and look at the markets that each altcoin has. if they had a altcoin versus fiat market then check out if the exchange that is offering it is trusted or not. if it was trustworthy then sign up there and easily trade with fiat and cash out.

if you coulnd't find a altcoin versus fiat market then find the next best thing: a altcoin versus bitcoin market. again check to see if the exchange is trusted and then sign up and sell for bitcoin and either keep bitcoin or sell bitcoin for fiat. there are a lot of ways to do that.

If you have started to earn coins from the trading then you must have bought coins from somewhere to start initial investment. Well, there is only one way to do that and which is through wallet. This is the main centre where you can buy or sell your coins. Just the same way you got your coins, you have to sell them by clicking sell but in the wallet which will also show you equivalent currency while converting.

If you are winning some profits from the exchanger sites from altcoins then just start converting them into bitcoin. Once order is processed you can start sending the bitcoin to your preferred wallet. Once you receive you can follow the above steps to sell. That's really simple and you will learn more in the future.

I am glad you have earned money from BTC trade results. it is very proud because not everyone can trade.
To earn money from your trade you need to redeem your BTC to Fiat.
Every country has an official exchange. Please search for a trusted exchanger then redeem your btc and send it to the Bank.
You can trade quickly and enjoy the results.
Congratulations

Yes every country has an official exchange that can help the bitcoin users to cashout their income. But in every country their is a rules in using bitcoin in order to protect their citizen and help them to avoid the illegal activities. Just follow the rules in your country and you will be happy for cashing out your income from bitcoin.

Luckily in our country,and some Asian country it's quite easy to cash out btc. There are apps that are connected into banks and payment center. Convenient store for buying btc. Many options to cashout if in cardless or into bank accounts. Im excited on what btc can offer more in the future.

Yes bitcoins have made it easier. The exchangers are developing something good for better conversion of BTC into cash. Yes in some Asian countries people use apps. It is quite simple like any other c=payment method suing in the world for conversion. Banks and payment methods have just made the tensions fly away of getting the cash.

I think in all countries we have this facility that means we can sell our bitcoins through exchange apps. It is easy to sell your bitcoins you can watch the price updates whenever you will feel the price is good to sell you can directly sell it in just a few seconds. And the amount will deposit to your bank account. All most all exchanging sites have their private apps.

for me it's convert to BTC and then convert to fiat currency that is traded in the exchange.

For cryptanalysts, you need an intermediary system in your home country that needs to be a reputable and legitimate system. Or you can trade directly with anyone around you.

You need to tell us which country you are in, before we can help.

If you are in the United States, Coinbase makes it easy to withdraw by direct deposit to your bank account (after you have traded your BTC for Dollars).

If you are in the European Union, use Kraken and sell your BTC for Euros. You can then withdraw the euros to your bank account using SEPA.

If you are in Canada, use QuadrigaCX.

If you are in South Korea, use Bithumb. There are also a load of Chinese exchanges that allow withdrawal in yuan, and Bitcoin Indonesia allows withdrawal in Rupiahs.

If you are in India, use Unocoin.

You can also use bitcoin ATMs, which allow you to sell your coins for fiat, rather than buy them. And of course there is the localbitcoins nbetwork.

Hope this helps!

To convert your crypto to cash, you need to convert first to BTC. But it depends on your country. Because in my country philippines, used is coin.ph and based on what I read coinbase is best converter of crypto. Because it is known in the world.

To convert crypto to cash i prefer CEX.IO.  This is the best Destination to buy or sell Bitcoin, Ethereum and Litecoins. It is a Bitcoin exchange and former cloud mining provider, established in London, 2013. Being a online digital currency exchanger, it offers trading Bitcoins for fiat money, such as USD, EUR, GBP and RUB. They have a global reputation as a bitcoin exchange , and they offer high grade security.

btc-e is live again. maybe u can wait and deposit bitcoin to it and withdraw to bank. I thought I lost all btc just like mt.gox ... mt.gox make me so sad and quit crypto over 3 years

If you want to convert your crypto to cash then make sure that you have it on bitcoin first, if you have altcoins and you want to convert it into cash and if most of the wallets doesn't accept it then just trade it using shapeshift then you can easily convert it into cash you can use coinbase wallet or just sell it on localbitcoins and those two is already tried and tested by a lot of people so it is trustworthy.

It is a good advice that convert first into bitcoin all the altcoins that you have because the bitcoin is one of the coins that are able to convert into cash in the several remittance or any cashing out method in our society.

Converting Crypto to cash was not easy yet, but nowadays its simple task if you properly do it. Have many sites, their service only processes to make cash from crypto. A service charge may apply. For more information, you can search the web.

I'm lucky that my country has a local exchange site so I can easily convert my btc to cash but  it doesn't accept other altcoins so try researching if your country have one.

As everybody else has stated before you should try converting your altcoins to btc first then you can sell them at coinbase or local bitcoins for fiat

You can also sell them in the marketplace here
Or If you are mexican you can use bitso to cash them quickly

But maybe you could try to hold the btc a little bit more we appear to be nearing a breaktrough the 5000 barrier

Where are you from?
Btw im slightly envious (I have like 2 dudes in local bitcoins in my whole country)

You may do it the hard way such as posting an offer here in the forum and wait for somebody to buy your coins, or you may want to look for an available fiat/btc exchange in your country and exchange your bitcoins to cash. The second option is the easier.

Now I have a question, how did you even start trading without knowing your fiat gateway? I mean how did you get your bitcoins in the first place?

There are various ways and some are easier than others.  You can use an exchange such as Coinbase or sell via localbitcoins which offers you more options to cash out.

There are also prepaid debit cards with companies such as Spectrocoin, Cryptopay etc, these cards allow you to withdraw from an ATM and use as you would any other Visa card, to get these cards there will be an upfront fee.

there are many sites you can search according to the your local currency. there will some exchange to convert bitcoin to the fiat of your's country but firstly you have convert it in btc and then you would be able to convert it in fiat.
there is also a site named local "bitcoin" which is access able to every country and you can find your's fellow citizen of your country as well who will also be looking for sales and purchase of bitcoin to the fiat of yours country you can also exchange from them and it is a very trusted site.

you will need to find an exchange, i use kraken for this. just takes a few days to get it:

There are many ways and it depends on you which is the most proper for you.

For example:
- Exchanges: you can do everything on their site, deposit cryptocoins and then convert to fiat money. Then withdraw into your bank account. The problem is that you need to verify your account sending personal identity documents to them.
- Localbitcoins: you can exchange cryptcoins to fiat money, arranging a trade with users on that site.
- This forum: you can exchange cryptcoins to fiat money, arranging a trade with users on this forum. This is the subforum to do it: https://bitcointalk.org/index.php?board=53.0 (https://bitcointalk.org/index.php?board=53.0)
- In some countries there are Bitcoin ATMs, although I never used them and don't know how they do to spit fiat money...

I often use Vouchers, this is more practical and easy.
I sold it to a friend who subscribed to receive a BTC voucher.
In a very short time BTC's sales proceeds are in the form of currency and can be transferred to the Bank.
It's easy and very simple, I'm very helpful.

Best way to convert your coins to fiat/cash is to use localbitcoins. You can use coinbase too but i don't prefer coinbase.
You can also try other third part services where they offer plastic debit cards, which can be used on any ATM to cashout worldwide.

wait 1 week and btc-e comeback. U can deposit bitcoin then sell and withdraw with bank transfer

The most convenient way to cash out is probably registering an account on Coinbase and request a transfer to your bank account. But nowadays you can also use a debit card.

You will need to find first an exchanger for a particular coin or for the coin that you want to trade. Sometimes online wallets can be used as an exchanger just like the waves wallet. After exchanging it then you will have to withdraw it from the exchanger and then send it to the wallet with bitcoin address. The bitcoin wallet that you are going to use must have a bitcoin and your local currency conveter. After converting it to your local currency you may now find a way that is convenient for you to withdraw your money from the online wallet.

Beware of high transaction fees, you might be shocked how high it is.

Hurray, I do prefer this exchange and I am using same wallet you use for my transactions but apart from that I have electrum wallet also to use. When we need to exchange the bitcoin to fiat, I really feel lbc is best place to do that in any country, but I noticed deposit fees includes with the sending fee from the wallet ulyou use is problem every btc users. If deposit fees reverts back from lbc then they besty for every one.

You must have account exchanger cryptocurrency , in There you can make order sell for you crypto.
You can convert or pair you crypto for another crypto or for FIAT.

It's easy to make it by any exchange sites first you must sell your crypto currencies to BTC then send it to your local BTC address (e.g Coins.ph) that's in the Philippines, then when you send it just convert it to money then go to the place that they said you to go and get your money.
Oh BTW welcome to trading. ;D

It's not a difficult task to do if you wanted your crypto assets to become cash, you should follow those steps as mentioned here the exchange site which where the cypto coins was deposited and trading mode is actively selling and buying. You can trade the coins that you have hold and sell at a good price, so you can have you bitcoin balances now. Fiat conversion is convenient if ever you use your wallet like coins.ph is very easy steps to do because the site itself has the options to sell btc directly for fiat; there's two mode wallet balances which is fiat and btc wallet storage for your value being stored. You can directly send for cash out any money transfer at the local places managing money transfers.

Coinbase will also do SEPA transfers in Euros although it can take up to two days to clear in your bank account.  Also Kraken and consider looking at getting a TenX card to use in ATMs.  (https://www.tenx.tech/ (https://www.tenx.tech/))

One suggestion, although it might be a long shot.  If you didn't want to use the exchanges, or were worried about anonymity, etc., then possibly try your local internet cafes.  I know some here sell bitcoin (at a premium) so perhaps some would also do the reverse.  I wouldn't do it in large amounts and expect them to take a generous slice.  Obviously that would also depend on where you lived.

here in philippines we have wallet that we use to exchange bitcoin to cash called coins.ph wallet,try to search in your country also if you have a wallet that you can cash out yours but im not sure about that because some of the country didnt recognized bitcoin

Converting of Crypto to Cash won’t be much difficult in the present day when we see a number of investor doing their investment and trading in Digital Currency especially Bitcoin. There are many other different forums and websites which will help you out. You just need to spare a little time to check out this thing.

As an option to use a telegram or a service localbitcoins, first you need to determine in what currency there is a desire to receive funds. Also, many exchanges offer exchange and direct transfer of funds, not always the truth is the classic banking transactions.