Bitcoin Forum

Other => Beginners & Help => Topic started by: closser on January 19, 2014, 03:07:02 PM



Title: Best exchange site?!
Post by: closser on January 19, 2014, 03:07:02 PM

Hello guys, i'm very new at bitcoin stuff, but let's say i have 1.27 BTC, and i want to exchange them (to Western Union).

What's the best site that has a real-time bitcoin currency rate and has the lowest fees available ( even individuals ).

I heard/have read about btc-e, mtgox and localbitcoins too, but it's a little comlppcated to me now, which one do i choose, what's the easiest and the best way ?

Thank you


Title: Re: Best exchange site?!
Post by: hilariousandco on January 19, 2014, 03:12:15 PM

Hello guys, i'm very new at bitcoin stuff, but let's say i have 1.27 BTC, and i want to exchange them (to Western Union).

What's the best site that has a real-time bitcoin currency rate and has the lowest fees available ( even individuals ).

I heard/have read about btc-e, mtgox and localbitcoins too, but it's a little comlppcated to me now, which one do i choose, what's the easiest and the best way ?

Thank you


Don't use Mt Gox. Use localbitcoins or sell them on the marketplace here. People will use Western Union.


Title: Re: Best exchange site?!
Post by: Cryptopher on January 19, 2014, 03:15:42 PM

Hello guys, i'm very new at bitcoin stuff, but let's say i have 1.27 BTC, and i want to exchange them (to Western Union).

What's the best site that has a real-time bitcoin currency rate and has the lowest fees available ( even individuals ).

I heard/have read about btc-e, mtgox and localbitcoins too, but it's a little comlppcated to me now, which one do i choose, what's the easiest and the best way ?

Thank you


If you are wanting to change BTC for cash then avoid all exchanges - they serve as a means for trading Bitcoins in multiple transactions.

I would personally recommend localbitcoins - you can find a buyer for your BTC using your preferred means of payment with ease. Exchanges will leave you waiting for your funds for a while and with high fees or requirements for documentation.


Title: Re: Best exchange site?!
Post by: closser on January 19, 2014, 03:19:33 PM
Thank you guys for your fast replies, and one more thing that i'm not so sure, does localbitcoin AND EXCHANGERS OF THE LOCALBITCOIN use a real-time btc currency rate ?


Title: Re: Best exchange site?!
Post by: Cryptopher on January 19, 2014, 03:22:06 PM
Thank you guys for your fast replies, and one more thing that i'm not so sure, does localbitcoin AND EXCHANGERS OF THE LOCALBITCOIN use a real-time btc currency rate ?

Prices on localbitcoins are usually based on a formula which is calculated against the current price on exchanges such that they fluctuate according to the market rate.

New users can find it a little hard to sell as they have no proven feedback for trading BTC, however I'm sure that you can get a good price in reasonable time.

I would recommend viewing a few listings that are similar to what you are offering and based your listing on theirs.


Title: Re: Best exchange site?!
Post by: hunainshahzad on January 19, 2014, 03:28:56 PM
anyone here from pakistan? if yes then which method are you using to cash your bitcoins here?


Title: Re: Best exchange site?!
Post by: closser on January 19, 2014, 03:31:15 PM
Thank you guys for your fast replies, and one more thing that i'm not so sure, does localbitcoin AND EXCHANGERS OF THE LOCALBITCOIN use a real-time btc currency rate ?

Prices on localbitcoins are usually based on a formula which is calculated against the current price on exchanges such that they fluctuate according to the market rate.

New users can find it a little hard to sell as they have no proven feedback for trading BTC, however I'm sure that you can get a good price in reasonable time.

I would recommend viewing a few listings that are similar to what you are offering and based your listing on theirs.

Thank your for your help, yeah i think i will have to accept someone's offer there, so it faster and easier i guess, and from a research i found out there's no problem by transfering form blockchain wallet to a localbitcoin wallet (the exchanger wallet in this case), right ?


Title: Re: Best exchange site?!
Post by: hilariousandco on January 19, 2014, 03:32:39 PM
anyone here from pakistan? if yes then which method are you using to cash your bitcoins here?

There a few people from Pakistan. Miners thread: https://bitcointalk.org/index.php?topic=345109.0

And a Pakistan board over on the locals: https://bitcointalk.org/index.php?topic=232519.0


Title: Re: Best exchange site?!
Post by: torezo on February 04, 2014, 01:40:02 PM
One vote for localbitcoins! User it once, i was very pleased.


Title: Re: Best exchange site?!
Post by: Sonny on February 05, 2014, 12:41:02 PM
+1 for localbitcoins.
You can find a trader near you, and make fast trades without the need of identity verification.