Bitcoin Forum

What is the cheapest way to turn let's say 500$ worth of bitcoin to my bank account or cash in hand?

Cheapest? Sell here, in the currency exchange section, I guess.  That's one of my main ways of trading bitcoin to fiat. :)

Okay I was just wondering because my bank charges 15$ for an incoming wire and was wondering how to get 500 for my 500$ worth ya know

you can sell through Western Union or Moneygram.

Sell for cash through Localbitcoins: https://www.localbitcoins.com/?ch=dml

Oh... that's what you meant :P

I usually use paypal (I suggest you use this only if you are willing to take the risks of chargebacks)
But I also suggest you trade locally or Wire transfer... if wire doesn't work for you, I would suggest you sell to another online payment processor then send that money to your bank account.

Use localbitcoins for extra payment options, or use the currency exchange section here, as I've stated before.

+1 for localbitcoins.
Find yourself a cash trade so that you don't need to pay your bank $15. :D

Sale at the meeting.


This is not quite safety to trade here. You'd better to buy/sell in person or on the exhcange or if you do it on forum you'd better to use escrow (but it also means you should pay fees)

There are quite a number of trustworthy persons doing escrow for free.
DannyHamilton (Free): https://bitcointalk.org/index.php?action=profile;u=60820
Kluge (Free, accepts tips): https://bitcointalk.org/index.php?action=profile;u=11671
escrow.ms (Free, accepts tips): https://bitcointalk.org/index.php?action=profile;u=76380
etc.

Use BitSimple (https://bitsimple.com) and withdraw by ACH (no fee)..  Banks do not normally charge a fee for receiving an ACH deposit.

Buy coins or build activity and get into a decent sig ad campaign

Huh? Did you make the reply after just reading the thread title lol?
OP want to sell bitcoin, instead of earning bitcoin.

You can sell them overpriced on eBay quite easily. There's a risk of chargeback, but it is worth it if you take the precaution to sell only to "trusted" eBay accounts.

Buy it or trade something for it
Don't gamble for it!

You can check localbitcoins

durrrr, you can pay me first my 0.05 BTC back from that loan of 1 year ago (and the ~5 other people you scammed on this forum.) Then use localbitcoins for cash if there is something left.

He scammed multiple people in that forum, also on his alt. accounts. I'm pretty sure he feels comfortable trading/scamming there.

You should have made a thread in scam accusation for that.  :)

Buy btc on local bitcoins or trade with a trusted party on the forum
Eschew exchanges

I too would recommend localbitcoins - easy place to find reputable buyers. The currency exchange board here is OK, although I would advise against accepting PP unless you know what you're doing. I'm wondering why you're concerned about fees - unless you're selling tiny amounts they shouldn't eat up too much.

A $15 fee for a $500 trade would be 3%, which is okay IMO. You can accept other payments such as cash as well.

I think the localbitcoin is a way to go with a western union thing or cash deposit?

You can use local bitcoins for cash, wire, paypal, western union, meeting the person or a number of other types of transactions.

Hi,
You can trade with some trusted member on the forum. Beware of scammers!!
BR,
Gondel

As sailsh-sea explained, there are quite a number of other payment methods.
But the number of traders near you and the payment methods you can find, really depend on your location.

Trading it for cash will be the cheapest. Maybe you can also find some who will like to trade it with PayPal money. Transferring trough banks is really costly than other methods.

You could also use Gyft and exchange cryptos for gift cards for use in shops.

Cheapest way would be to sell it for cash via Localbitcoins.

A side note for using localbitcoins.

You can search the existing deals and pick one to sell your bitcoin, or you can create a new deal yourself and wait for others to buy your bitcoin. The good thing about creating your own deal is that you can get a much better price, but you will need to pay 1% fee and the process may take some time.

sell on egay. sorry I meant to say ebay.

I would say localbitcoins is a great site, they have loads of features.

Localbitcoins is mentioned here several times, anyone here have successful transactions with it? Great to hear from those who experienced using the site.

I used localbitcoins before and the trades went through smoothly. :)

I have used Localbitcoins quite a lot. As a buyer, there is very little risk if you use the site's escrow and you deal with reputable people.