Bitcoin Forum

Anyone have any recommendations.. I know Mt Gox is around but bank transfers alone to banks can cost $15-20 per transfer.. any ideas on another way to go about this?

Why convert, you can directly spend them. I just did a purchase on a bitpay supported merchant, super easy

Coinbase.com may be a good option.

Check out https://localbitcoins.com/

I recommend Campbx.com. They can transfer USD to your bank account for free with a ACH Deposit.

Thanks all, ill look at a few options, I have heard about coinbase..

Get silver then convert to USD :)

Shameless advertisement, check out my company BitBox: bitbox.mx (http://bitbox.mx)
We can also do ach directly to your bank account free of charge.
We'de love to have your feedback.

29 postings?

click that link and prepare to suffer

mtgox

Bitcoin-Brokers is offering the Bitcoin community the ability to sell their bitcoins at current MtGox rates and receive cash deposits into their own personal bank accounts.

Starting immediately if you bank at any of the following banks, you can sell your bitcoins for 0% fees and receive 100% of the proceeds from the sale of your bitcoins as a cash deposit into your personal bank account.

-Bank of America
-Capital One
-Citigroup
-JPMorgan Chase
-PNC Financial
-SunTrust
-TD Bank
-US Bancorp
-Wells Fargo

This exciting new service will allow sellers of bitcoins to list their bitcoins for sale on our website and have the buyers make cash deposits into their personal bank account.

Prior to the buyer receiving the bitcoins, the seller will:

-be able to verify via online banking that there has been a cash deposit made into their account for the correct amount.
-receive a scanned copy of the actual deposit slip used during the deposit transaction.
-receive a scanned copy of the business card of the bank employee who accepted the deposit who can be contacted to verify the deposit.

This new service is initially only offered to residents in the USA, though other countries will be rolled out soon.

There are no maximum sized orders, and sellers can test the service with orders as small as $10.

www.Bitcoin-Brokers.org

bitfinex.com, withdrawal via wire is only $10

A lot of people use https://btc-e.com/

PAYPAL!  ;D

Only with people you totally trust!

CampBX - you don't need to verify anything. Just send the coins to your account's deposit address, sell the coins on the exchange, and withdrawal to a bank account. Easiest thing I've ever seen.

Downside: $1000 limit per day for unverified accounts, $10,000 max can be held on your account. Anything over that it seems they lock the account or some such drama.

Sell them on ebay, they sell for more than market price.

Also, check and/or post on craigslist for local buyers.

I do both craigslist and https://localbitcoins.com (https://localbitcoins.com)

They both work but localbitcoins has a built in escrow and trust rating system which makes it better for buying and selling BTC specifically.

You can always trade here on the forums, you normally get better deals and competitive pricing. One warning though. Search up the history of the person you are dealing with. Always use escrow in services like this. Try to avoid using paypal and credit cards because of the potential threat of them doing a charge back.

Obviously, some exchanges allow you to do this, I'm not sure if you have tried these in the past and had experience. But, these are the most common way to converting BTC to USD and USD to BTC.

If you want to purchase things with Bitcoins rather than going through the process of converting it, then you should check out bitsumo.com. Enter the url of you're item and they normally order it within 24 hours and get it shipped to you.
If they can't fur fill you're request they will send you you're money back within 48 hours I believe.

There is another site called bitinstant.com which I believe offer the same service, however I'm a bit sceptical of this site, as it has had mixed reviews.

i convert 5k of btc everyday to cash anonymously with debit cards opened under other peoples names