Bitcoin Forum

Well the title says it all.. I got paid in bitcoins knowing that somehow some way I would be able to convert it to cash, but how exactly is this done?
Is there a detailed instruction on how this is done?
And also are then any specific actions or sites that I should use that are recommended ?

Any assistance is highly appreciated thank you and have an awesome night.

https://www.bitstamp.net/

You can try this website

You can try one of the exchanges such as mtgox.com or bitstamp.net.  But do try to spend your Bitcoins on transactions with those Bitcoin friendly merchants rather than just exchange for fiat currency.

You can use exchange sites, sell here in currency exchange section, or use localbitcoins.com

You give them to me!  8)

But, no theres lots of ways. You just have to be careful.

1. Find products to buy at bit market places
2. Find someone who pays for bitcoin

These are just few ways, I can go on. But, I`ll let you start thinking about it more.

let me have a try

bitmit.net & gyft.com is a nice place to start

I would recomed btc-e, if you want to take money out with paypal.

try coinmama

hold. don't sell now. 8)

don't sell it for at least a year.

The current price is still kinda low for you to sell, try wait for it to go over 150 or even 200 if you have time to wait.

gyft.com is really a nice start for everyday stuff.

It all depends on how much do you want to sell.

Basically most replies are spot on, holding to wait for increased exchange rate or spending at bitcoin-accepting merchants is probably the best you can do.
Should you decide to exchange into fiat money, take care not to be scammed. Be extra careful if someone (especially newbies) in the forum approaches you and makes an offer that is too good to be true - it's most likely not true then.
Exchanging through an exchange site will take some time, but should be pretty safe if you use one of the reputable ones.
Localbitcoins.com is most likely the best option if you want to exchange person-to-person, but make sure you meet at a safe place.
Remember - don't get scammed :-)

Onkel Paul

if possible, set aside a portion of your coins and store them in paper wallet / cold storage as an investment for the future

I will buy your bitcoins PM me  ;)

I don't recommend you use an individual to do your transaction. SCAMMERs are abound on bitcointalk. You best use a proper exchange. I do warn you that you may have to wait to get verified. I suggest you use campbx.com. The waiting time for a verified account is much slower than MtGox.com.

best to you,

I hope your first BTC experience is a positive one.

Whatever you choose, don't use PayPal at all.  Also, if you deal with an individual make sure they are trusted or use escrow, or both.  Stop scammers. Be smart.  Welcome to the btc world!

https://btc-e.com/ is what most people use

The above statement is not supported by volume of trades, so I wouldn't use btc-e.com based on this advice. Btc-e is a decent exchange, and one of the few that support other virtual currencies. NOTE: For goodness sake, do not click on any links in the chatbox on btc-e.com, or your computer will be pwn'd and your balance will be emptied. There are many scammers lurking in the chatbox's of exchanges. Best setup two-factor authentication no matter what exchange you use.

best of luck...

Are you asking what to do with money? Do whatever you want to do with money. Save it, spend it,...Whatever. If you want to convert it back to a fiat currency then you have a lot to think about. It will cost you money to that.

Anytime you stick with bitcoin things are cheap, easy, and private. Anytime you mix bitcoins with fiat money things are expensive, difficult and require handing your identity to the government, payment processors, exchanges, etc.

You could Download the Gyft app and convert the coins to usable gift cards at retailers. Also, lots of VPN & VPS providers take BTC for payments. VPN is critical with NSA always snooping...

How you go about this depends largely on you. What sort of cash are you trying to get (USD, EUR, etc.)? What country are you located in? Do you have an account at a place like Dwolla or Paypal already setup?