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Bitcoin => Bitcoin Discussion => Topic started by: crptomoon1001 on February 09, 2018, 03:43:37 AM



Title: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: crptomoon1001 on February 09, 2018, 03:43:37 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: jondel on February 09, 2018, 03:50:07 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

Find someone who want to buy your bitcoin, and meet her/him face to face to make cash transaction.
I don't know if there is any other way.



Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: Juggy777 on February 09, 2018, 03:53:23 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

There are many ways of doing it, go to currency exchange and trade your money for PayPal. You can even buy amazon and other vouchers and then sell them. Best solution head on to local bitcoins.com search cash options and you shall get it. Just make sure whomever you deal with is verified has done transaction and has good reviews


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: diatamariono on February 09, 2018, 03:54:03 AM
The main road you must create account first, because bitcoin can only be exchanged through bank, from wallet coin to exchange, after exchanged then sent to your account.
Or you are exchanged through your close friend who has a bank account.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: mk4 on February 09, 2018, 03:56:45 AM
You can sell your bitcoin for hard cash via LocalBitcoins[1]. Just select your country and city and look through the offers, from there you can contact the buyer and you can meet up in person(preferably in a safe place, like near a bank where there's security guards around). Or you can set up your own offer if you don't like the prices.


[1] https://localbitcoins.com/


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: Nerman on February 09, 2018, 04:00:42 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

I do not know from which county your from but if you are from the philippines you can download coins.ph and convert your bitcoin to philippine peso then they have an option to deliver the cash.

Also you may join some groups in social media and advertise. if there is someone who are willing to buy your coins you can meet face to face or if he is a trusted member you can just send the coin and accept payment via western union or paypal.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: zhekinsp on February 09, 2018, 04:08:49 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
If you don't have the bank account then local transaction is the only option or you can use paypal from the localbitcoins.com but meeting the traders are riskier because these kind of transactions will end in the thefts.
Ahmmmm but why you don't have a bank account,I think opening a bank account is simple than finding a trader at your locale I don't think it will take more than ten minutes to open an bank account. :)


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: CryptoBry on February 09, 2018, 04:18:20 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

The best way is to use P2P or peer-to-peer transaction. Basically, this means looking for an interested buyer of Bitcoin within your own country and take cash in exchange for your cryptocurrency. I am glad that am in a country which has at least one good exchange service provider and we can easily change our Bitcoin into fiat cash in many ways than one. These days, banks can getting stricter and we already have one big commercial bank here which refused to get connected with Bitcoin as it deemed to be a big ponzi scam.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: HabBear on February 09, 2018, 04:21:56 AM
Aha, use a Bitcoin debit card!

There are several providers, but card types (transaction types) fall into two categories.

(1) Direct from BTC Wallet - This type will debit your assigned Bitcoin wallet with Coinbase directly with each point of sale purchase. This way you're money is in Bitcoin until it is used for a purchase. The downside is that (in the US) each purchase represents a taxable event.

(2) Pre-loaded from BTC Wallet - This type will allow you to load your debit card with an amount of Bitcoin, transferred into USD. Then you can use the card for as long as you have a USD balance loaded on the card. This way you can lock in Bitcoin gains for later purchases and you can control the number and size of transactions (the card loads) that represent taxable events.

Here's a site that can help you sift through the options: https://www.cryptocompare.com/wallets/#/cards (https://www.cryptocompare.com/wallets/#/cards)


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: benalexis12 on February 09, 2018, 04:29:31 AM
Localbitcoins near you or if you have facebook join some Bitcoin network group then ask them if they are buying and selling bitcoin then make an appointment. If you don't have banks then bring Big bag with you if you going to deal a big transaction of money.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: BORNEO82 on February 09, 2018, 04:30:38 AM
I think you better have a bank account, in order to facilitate the conversion process into cash, if not yet, I agree with the opinion of friends, using paypal from local bitcoin


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: ganlianshifu1 on February 09, 2018, 04:43:51 AM
You can contact some people online and deal with them in person at the right price!

You can also transfer BTC to someone you know, and ask him to convert it to legal tender, but it may cost you some money!


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: sadwage on February 09, 2018, 04:56:57 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

you must register to wallet exchanger in your country. and you can convert it into cash


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: Prodigan786 on February 09, 2018, 05:12:02 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

There are many ways of doing it, go to currency exchange and trade your money for PayPal. You can even buy amazon and other vouchers and then sell them. Best solution head on to local bitcoins.com search cash options and you shall get it. Just make sure whomever you deal with is verified has done transaction and has good reviews
But in my country PayPal also required bank account because based on my country regulation we can’t keep money in PayPal more than specified days . So PayPal for my country bad idea . I am finding trust worthy people to sell bitcoin.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: Prodigan786 on February 09, 2018, 05:13:59 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

you must register to wallet exchanger in your country. and you can convert it into cash
Brother again your not understanding the question of op . He is asking without bank account hard cash money . Almost all exchanges required bank account they will send money through bank . Op doesn’t required bank account.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: Wicked17 on February 09, 2018, 05:16:10 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

You can find trusted person that is willing to buy your bitcoin in exchange for his fiat money. Exchange your bitcoin via online using an escrow or you can deal with him face 2 face. Here in my country, i can convert my bitcoin into fiat money and withdraw it via remittance center like western union remittance.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: bigblackdeck45 on February 09, 2018, 05:16:59 AM
There are a lot of currency exchange that accept bitcoin to fiat. Here in our country there is an app which just as I said convert bitcoin to fiat and we can cash it out on local establishments and also banks. Im sure you can find similar like the ones I am using available in your place also.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: Jrein23 on February 09, 2018, 05:17:46 AM
The main road you must create account first, because bitcoin can only be exchanged through bank, from wallet coin to exchange, after exchanged then sent to your account.
Or you are exchanged through your close friend who has a bank account.

Where have you been hiding dude? You can exchange your Crypto into Fiat with or without Bank.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: sugihe on February 09, 2018, 05:17:51 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

Find someone who want to buy your bitcoin, and meet her/him face to face to make cash transaction.
I don't know if there is any other way.



This is the only one way i think. Not other way to cash out without bank account.
Why dont you have bank account? If you want to cash out then bank account is a must to have.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: maydna on February 09, 2018, 05:38:50 AM
How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?

it is easy, you only need to ask your family that have a bank account, then you can sell your bitcoin to that bank account but I suggest that you use localbitcoin.com as they can help you to send in any of bank account especially if you can find local seller so you can get the money in short time.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: bitart on February 09, 2018, 05:42:38 PM
Aha, use a Bitcoin debit card!

There are several providers, but card types (transaction types) fall into two categories.

(1) Direct from BTC Wallet - This type will debit your assigned Bitcoin wallet with Coinbase directly with each point of sale purchase. This way you're money is in Bitcoin until it is used for a purchase. The downside is that (in the US) each purchase represents a taxable event.

(2) Pre-loaded from BTC Wallet - This type will allow you to load your debit card with an amount of Bitcoin, transferred into USD. Then you can use the card for as long as you have a USD balance loaded on the card. This way you can lock in Bitcoin gains for later purchases and you can control the number and size of transactions (the card loads) that represent taxable events.

Here's a site that can help you sift through the options: https://www.cryptocompare.com/wallets/#/cards (https://www.cryptocompare.com/wallets/#/cards)

I've just run thru the 53 offered cards, I thought it will be a hard work to check them all... But because of VISA's ban on WaveCrest, most of the cards are not available at the moment, so there are 19 remaining cards to choose from, so it's a bit easier to check them one by one.
(Originally there were 53 cards, 46 issued by VISA and 7 by MasterCard. There were 25 USD cards, 16 EUR and the remaining 12 are GBP.)
If we don't think that the card offering wallets will be able to find another card issuer company in the near future, we only need to check the reamaining 19 cards:
https://i.imgur.com/Z88LxyP.png
It seems that for GBP currency there are only 2 cards. EUR: 4, USD: 13
If you want some anonimity (at least on medium level) and also instant topups, you can select only WageCan card for both currencies (I don't know the card, so I cannot say anything about it).
So the list is pretty short, compared to the times before the VISA ban...


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: bitart on February 10, 2018, 10:38:47 AM
OK, since last evening I had a look at some of the above mentioned bitcoin debit cards.... (and now I have realized that on the website cryptocompare.com they only marked the debit cards affected by the VISA WaveCrest ban, but the remaining cards are also affected partly, by the VISA and MasterCard ban.)
Just two examples:
AdvCash: it seems available in the cryptocompare.com listing, but checking the bitcointalk.org thread https://bitcointalk.org/index.php?topic=1011381.1380 (https://bitcointalk.org/index.php?topic=1011381.1380) it seems that now this debit card is also closed and users can only withdraw their funds from the card, before it terminates in Feb.2018.
PayCent: it seems that they have closed down the former card and a new card is about to start now, but it's not the traditional bitcoin debit card
So it seems it's better to do your own research if you want to use a bitcoin debit card and this forum seems to be the best place to find information about your preferred card.


Title: Re: How to convert bitcoin to fiat cash (hard paper) if I dont have bank account ?
Post by: ghonkz on February 10, 2018, 10:42:44 AM
Find someone who want to buy your bitcoin, and meet her/him face to face to make cash transaction.
I don't know if there is any other way.
This is the only one way i think. Not other way to cash out without bank account.
Why dont you have bank account? If you want to cash out then bank account is a must to have.
Exactly my though. I mean if you dont have your personal bank account you can always use your family account. I mean someone you know must have it right ? Or it can go like he send you some stuff that you want and you send him the cryptocurrency.