Bitcoin Forum

How do you withdraw money from Bitcoin?

My way to withdraw my money from bitcoin is using Coins.ph. Because Coins.ph is the only one in the philippines that provides to convert bitcoin to peso.

put to any exchange available in your country and exchange for fiat. Fiat is then can be either converted to your local currency. But to answer more specifically, you should provide the country or even ask in the country's forum section

Excatly, you sell the bitcoin to an exchange. In Denmark i usually use Copenhagen bitcoin. they usually buy it for a little under the market price but the easiness of it makes it worth for me

You can sell it using many exchanges and the amount will get credited to your bank account provided with the exchange.

You can use https://cex.io and you can also use neteller and skrill

for neteller and skrill you should do the following:

- First step

create account on neteller and skrill

- Second step

verify account on neteller and skrill ( add your card to your skrill account )

third step

you deposit bitcoin in the neteller and transfer the money from the neteller to the skrill, then you withdraw the money from the skrill for your bank card (visa card)

I have the same question... so I follow, I have an additional question. If you want to withdraw how long does it take. Can it be done for example in one hour or should I think about one day?

Once I sold 100 worth of BTC in Local Bitcoins .. try it out , seems to be a trustwhorty company.

I use https://www.bitstamp.net/ for withdrawal. Here you can change bitcoin to eth, ltc, bch and of course to usd and euros. I've been using for almost four years now. I am extremely satisfied with this company. But there are many such companies. Just choose.

I think "withdraw" is not the proper word here. Yeah it makes sense that bitcoin is your money and you are getting it in a "Cash form". But I think there is a difference here. Let's put it this way. You have some dollars and you wish to own some euro. Then what you are going to do? You are going to exchange it or you might say "sell' it for euro or "buy" euro with dollars. It's not like you are withdrawing euro. I think you got my point.

I am very grateful for these answers, answered many of my questions, and I hope that the community is getting better and better

The best method is, finding a site in your country. Those who do business in Bitcoin Exchange. They will accept your bitcoin and pay the dollar or local money. :)

I've heard about paying in some countries differently. You must find out quickly from some user in your country where you have coins.

Im a fan of local Bitcoins. They do require KYC to identify yourself, but its reputable.
By far the easiest way to do it is to exchanges. Coinbase is an option, though I hate them personally.

There is many ways to withdraw money from bitcoin, here in the Philippines were using Coins.ph application to convert the bitcoin to peso and after that we make a transaction order to withdraw the converted bitcoin to peso in registered money changer or bank.

One option not mentioned yet are using one of the several Bitcoin debit cards. The options available to you depend first on what country you live in. Then there are two different types of cards:

1) Direct withdrawal of bitcoin from your wallet for the fiat based purchases you make, or

2) Prepaid loaded debit cards, which require you to sell Bitcoin for fiat to load the card for fiat purchases.

Bith are easy ways to use your bitcoin as currency.

Telegram bot BTC banker and localbitcoins.

localbitcoins is very good to sell your bitcoin to fiat money
and there are many marketplace, it's depends where do you live. but recommeded on localbitcoins

Im using coins.ph as my wallet and im just convert it into our local currency and send to remittance, that's it. Very simple to withdraw my money from bitcoin .

You may want to check these services

https://www.cryptocurrencyhelp.com/exchange-bitcoin-to-cash/

i use an app that is connected with bank and bitcoin. when i need to withdraw. i just need to transact with that bank then i can withdraw cash from bitcoin with tax.

I use CEX.IO website not only that you can withdraw your BTC using skrill , payza account and etc.

You may sell it on many exchanges, also there is thread on here so you can sell it on forum but if you try to sell here i strictly recommend you to use an escrow for your safety :)

It's called cashing out Bitcoins and there are multiple ways to do so.

First of all is direct spending Bitcoins for the goods and services and hence you don't have to use your debit/credit card for the purchases so practically you will be cashing out your Bitcoins.

Another one is selling, you can sell your Bitcoins to anyone who is willing to pay you fiat currency for the same. I use Localbitcoins to cash out my Bitcoins due to the multiple advantages of that platform.

I transfer it to my btc address in Coins.ph for now it has a high fee be aware. Then after receiving i will convert it into Peso Philippines currency. Then i will cash out it to my bank account or through cardless as it has no service fee by now.

first i sent my bitcoin to local exchange in my country, then i sell it into real currency. then after the my balance has been comfirmed, i withdraw my money to my bank account. there so many ways to withdraw your btc to real money.

If you live in US there are many exchanges were you can transfer to back account.

You could probably send it to a wallet that allows you to convert it to dollars and then cash it out, we have coins.ph here in the philippines which allows us to just convert it instantly and even send it directly to our bank accounts.

I sell my bitcoin and receive payments in my native fiat currency. Sites like localbitcoins is a good place to buy and sell your bitcoins, it's very easy to use when you want to sell your coins.

You can convert it to cash by selling it through the exchange available in your country. It is not a big issue but there will be a fee for it.

With exchanges that allows bank wire transactions.

I guess that with the word 'withdraw' you mean to convert Bitcoin into fiat currency and get it into your bank account, right?
If so, you need to use proper platforms called exchanges. Or you can arrange a deal with some user here: https://bitcointalk.org/index.php?board=53.0 (https://bitcointalk.org/index.php?board=53.0)

You can easily sell them @ localbitcoins.

I got some local buy nd sell group, calling when u need to buy or sell.
Will suggest some P2P buy nd sell platform like Remitano, choose which country u from nd make some call.

I prefer deal with market directly by instant transfer nd it is better if we can meet each other deal more by cash. hehe

Exchanges or Localbitcoin

I also wonder if I can use the money to buy bitcoin, but when I want to withdraw bitcoin for dollars, what should I do?

You can sell them to people in your country who need it more easily. If your country is on the coinbase list, you can sell it here. If you want to convert $, then many people in this forum can buy them and pay you through paypal or any payment methods you have.

I am using sides which give you opportunity to sell it for money, you could find lots of them even on this forum where people asking which one is the best.

I never sell a large amount of bitcoins just take profits little by little so most of the time I just find a person from my country who wants to buy a small amount of it and wants to pay for it in cash.