Bitcoin Forum

Other => Off-topic => Topic started by: Breanziel on October 03, 2018, 12:07:09 PM



Title: Question
Post by: Breanziel on October 03, 2018, 12:07:09 PM
So my question is i earn bitcoins, ok. I withdraw them to my account to blockchain. And then what??? So basically my question is how to convert these bitcoins to real money. I meant by transfer to real money, i mean REAL money. like the money when my mom goes to these machines: https://www.google.bg/search?biw=1440&bih=784&tbm=isch&sa=1&ei=PLC0W_XcAYW6swGyvoK4Ag&q=ATM+MONEY+MACHINE&oq=ATM+MONEY+MACHINE&gs_l=img.3..0j0i8i30k1l8j0i24k1.4795.8178.0.8272.17.15.0.1.1.0.177.1455.0j11.11.0....0...1c.1.64.img..5.12.1458...0i67k1j0i30k1j0i5i30k1.0.XYHKjfFFOWY#imgrc=MW26kABhZCvutM:

She types her PIN select how much money he wants and then done?

Is there any way to do it? (If my post sounded to you like a 5-year old kid yeah i'm not that old but i have my mother permission)

So yeah.?


Title: Re: Question
Post by: CryptoDamon on October 03, 2018, 12:20:05 PM
You just have to transfer your bitcoin to an exchange site that suits you depends on the country that you are in. You may want to use Coinbase for you to convert your btc into fiat. Read this link for more information about your question. Hope this helps!

https://www.quora.com/Whats-the-best-way-to-convert-bitcoin-to-fiat-currency

You can also try selling some of your bitcoins to trusted people in here through paypal or any other payment options that you prefer. Just be careful when doing online transactions and make sure you'd hire an escrow for you to avoid being scammed.



Title: Re: Question
Post by: Steamtyme on October 03, 2018, 12:28:20 PM
Your post does come across like a 5 year old. So in this case you are actually going to need your mothers help. Being an obvious minor I would not suggest localbitcoins or an anonymous online transaction until you learn more about how BTC works.

Depending on your country there are exchanges, that you can use, you just need to open an account beforehand then transfer your BTC over. Google BTC exchange in your country, then do some research here on the forum to make sure they are legit. From there you will need to link to your moms banking to withdraw cash.


You can also try selling some of your bitcoins to trusted people in here through paypal or any other payment options that you prefer. Just be careful when doing online transactions and make sure you'd hire an escrow for you to avoid being scammed.


If you were to accept paypal anonymously from the forum make sure the member has a longstanding trusted reputation. Paypal is reversible, BTC is not. No one will escrow a BTC/Paypal exchange because it has a 6 month potential for chargeback.


Title: Re: Question
Post by: dablatair on October 03, 2018, 12:31:20 PM
Hello,

Seems you really need to act carefully as you are probably young. Really be carefull of what you are doing and where you are investing your money.

To answer directly to your question, just need to sell your BTC on an exchange that support fiat, then send them back to your classic bank account.


Title: Re: Question
Post by: eternalgloom on October 03, 2018, 12:52:31 PM
Since you're probably not that old, like you said yourself, I'd follow Steamtyme's advice and ask a parent to help you exchange your Bitcoins through an exchange.
Now, how many Bitcoins do you actually have? I can definitely tell you that it's going to be difficult exchanging small amounts into fiat.

I don't know the minimum withdraws on most exchanges, but I recon it might be difficult to withdraw anything less than, say, $50 worth of Bitcoin.
Maybe someone else knows what the minimum withdraws are?


Title: Re: Question
Post by: Breanziel on October 04, 2018, 11:50:52 AM
I currently have 350$ worth of BTC.

Convert my BTC to fiat? Is this site cool - cex.io
So when i convert them what i need to do? How to make it that when my mom goes to the ATM machine types her PIN and gets the money?
How to make it? Can i get more detailed information or something like that?


Title: Re: Question
Post by: yogg on October 04, 2018, 09:53:20 PM
You can give a try to localbitcoins.com and have a face-to-face exchange for cash.
Beware of scammers ! Stick to the most trusted, active and with most volume, traders.


Title: Re: Question
Post by: MP_SI on October 06, 2018, 11:36:07 AM
Also bitstamp.com is pretty cool if you are from EU and use SEPA!


Title: Re: Question
Post by: bivaetjetakoe on November 03, 2018, 09:27:58 PM
The cryptocurrency system itself, over time, will come to this.
We don't have to do anything.