Title: BTC to USD Post by: Mazakguy on May 22, 2013, 05:11:06 PM I have been using Fastcash4bitcoins to do this then put the money in my paypal account.
Have had MANY good transactions with them. Now the site says they have no funds to buy BTC :'( Any one know of any gother good ways to do this. Thanks Title: Re: BTC to USD Post by: DannyHamilton on May 22, 2013, 05:19:43 PM I have been using Fastcash4bitcoins to do this then put the money in my paypal account. Have had MANY good transactions with them. Now the site says they have no funds to buy BTC :'( Any one know of any gother good ways to do this. Thanks https://localbitcoins.com ??? Title: Re: BTC to USD Post by: Mazakguy on May 22, 2013, 05:30:55 PM Just checked that out. I live in the country and it looks like the nearest sellers are over 100 miles away.
Not sure about an on line transaction thru there. Is it safe? Title: Re: BTC to USD Post by: SpaceProphet on May 22, 2013, 05:45:12 PM On a slightly different topic, using BitInstant with MoneyGram is a great way to get USD onto exchanges quickly with minimal fees. I deposited $200 onto MtGox a few weeks ago for $204 cash. Easy to make up that difference in trading.
Title: Re: BTC to USD Post by: Mazakguy on May 22, 2013, 06:01:18 PM Why is it so hard to get cash for your btc?
I am an above avg. skill computer user, so the technical parts are gravy to me, but not to most people. The hoops to get cash back and the cost will keep the avg person from the whole btc scene. If ya go the whole bank wire route the cost can be almost $50, just in wire fees. The normal person trading $100-$200 wont pay that much. I think till you can just get plain old cash for then easy it will just be a geeks market, and rise to the price everyone hopes. Got to be a better way :o Title: Re: BTC to USD Post by: DannyHamilton on May 22, 2013, 06:08:54 PM Why is it so hard to get cash for your btc? I am an above avg. skill computer user, so the technical parts are gravy to me, but not to most people. The hoops to get cash back and the cost will keep the avg person from the whole btc scene. If ya go the whole bank wire route the cost can be almost $50, just in wire fees. The normal person trading $100-$200 wont pay that much. I think till you can just get plain old cash for then easy it will just be a geeks market, and rise to the price everyone hopes. Got to be a better way :o And if you had a pocketful of Euros or Yen, how would you exchange that for U.S. dollars right now? Eventually, I expect there will be bitcoin banks, and you'll be able to walk into a local bank or currency exchange to change between cash and bitcoin, but bitcoin is still in its infancy right now. It has a ways to go yet before it reaches that sort of mainstream use. That being said, I'd be willing to pay for bitcoins with a U.S. Postal Money Order. The fees there are only $1.60 for $1,000 money order ($1.20 if the order is for less than $500). I wouldn't be willing to pay more than $100 per bitcoin right now though. I'd be willing to pay with personal check as well, if that was acceptable. Title: Re: BTC to USD Post by: umair140 on May 22, 2013, 07:04:08 PM Go to btc-e.com deposit bitcoin. Paypal withdraws are available during weekends.Or go to the marketplace section trade only with trusted member with proven trade history.
Title: Re: BTC to USD Post by: coiner92 on May 22, 2013, 07:14:46 PM Do they transfer funds directly or does it take time?
Title: Re: BTC to USD Post by: Branny on May 22, 2013, 07:17:46 PM Coinbase?
Title: Re: BTC to USD Post by: Mazakguy on May 22, 2013, 07:18:37 PM Well, if i had a pocket full of euros or yen, i would walk the block to the bank.
In about 5 min I would walk out with good old greenbacks, lol. WHY is it so hard to get cash for btc? Title: Re: BTC to USD Post by: DannyHamilton on May 22, 2013, 07:20:15 PM Well, if i had a pocket full of euros or yen, i would walk the block to the bank. In about 5 min I would walk out with good old greenbacks, lol. WHY is it so hard to get cash for btc? Because you haven't convinced your bank down the block to exchange them for you yet. Title: Re: BTC to USD Post by: Mazakguy on May 22, 2013, 07:36:02 PM That may ne very true ;D, but I just don't see main stream banks doing so lol.
I still stand by my statment that this will never take off till mr. normal can do so without 6 hoops, five transfers, and someone at each step with there hand out for a %. The normal mainstream person will just not stand for it. Like my wife, she think it all a big scam you cant make money with. Yes she sees me make money, but sees the hoops you gotta go thru to get cash, and how banks wanna charge ya $50 to a wire trans, so to her, and most main street people the see it as a rip off. HEr words not mine, but so telling. |