Bitcoin Forum

Other => Beginners & Help => Topic started by: bellgarath1 on June 07, 2014, 04:28:37 AM



Title: What is the best way to use BTC to get cash from a ATM
Post by: bellgarath1 on June 07, 2014, 04:28:37 AM
I am a miner, and I am looking for the best way to get the cash from my mining without sharing all my info. 
I have hear of ATM cards that work in the states at most bank ATM's.

Does anyone have any suggestions?  Or experience on how best to get cash out with out sharing your info?



Title: Re: What is the best way to use BTC to get cash from a ATM
Post by: Reclaim3r on June 07, 2014, 05:00:45 AM
I am a miner, and I am looking for the best way to get the cash from my mining without sharing all my info. 
I have hear of ATM cards that work in the states at most bank ATM's.

Does anyone have any suggestions?  Or experience on how best to get cash out with out sharing your info?



For starters, you can't use any ordinary ATM to get cash from your mining  ;)
If you're mining Bitcoin, you can use an exchange like Bitstamp or Coinbase to convert your BTC to Fiat, although you'll have to connect your bank account to them.
Although Bitcoin ATM's do exist, they are currently extremely scarce and still being implemented, albeit at a very slow pace.

If you're mining an altcoin, you're going to have to convert that altcoin to Bitcoin and then push it through an exchange.
I have yet to see an exchange capable of directly converting an altcoin to USD.
Good luck with your mining!


Title: Re: What is the best way to use BTC to get cash from a ATM
Post by: Peter882 on June 07, 2014, 10:50:03 AM
I am a miner, and I am looking for the best way to get the cash from my mining without sharing all my info. 
I have hear of ATM cards that work in the states at most bank ATM's.

Does anyone have any suggestions?  Or experience on how best to get cash out with out sharing your info?

What about directly selling bitcoin on localbitcoins for wire transfer and cash?


Title: Re: What is the best way to use BTC to get cash from a ATM
Post by: oureptsC on June 07, 2014, 10:56:18 AM
I am a miner, and I am looking for the best way to get the cash from my mining without sharing all my info. 
I have hear of ATM cards that work in the states at most bank ATM's.

Does anyone have any suggestions?  Or experience on how best to get cash out with out sharing your info?



Some people are selling prepaid cards for $50 or something like that. They are totally anonymous and you can withdraw funds from them at any ATM without disclosing your real information. Check It at marketplace section, I think It's at "goods".


Title: Re: What is the best way to use BTC to get cash from a ATM
Post by: bellgarath1 on June 07, 2014, 11:04:41 PM
Thanks guys!

I will be looking into face to face btc transaction with the locals in Portland or Seattle as I live between the two.

Jerry


Title: Re: What is the best way to use BTC to get cash from a ATM
Post by: RainMan28 on June 07, 2014, 11:08:03 PM
Thanks guys!

I will be looking into face to face btc transaction with the locals in Portland or Seattle as I live between the two.

Jerry

You can also have someone do a cash deposit into your bank account and then release the BTC to them via localbitcoins' online escrow system. Makes it safer in that you don't have to meet up with someone face to face and both buyer and seller are still protected.


Title: Re: What is the best way to use BTC to get cash from a ATM
Post by: Harley997 on June 09, 2014, 11:13:03 PM
I am a miner, and I am looking for the best way to get the cash from my mining without sharing all my info. 
I have hear of ATM cards that work in the states at most bank ATM's.

Does anyone have any suggestions?  Or experience on how best to get cash out with out sharing your info?



There is really only one way to get cash from a BTC ATM. That is to bring your phone, scan the QR code to send the BTC to the ATM's address, wait for confirmation and get your cash.

If you are looking for ways to get cash for your BTC then localbitcoins.com would probably be the best solution. You can offer a price above or below the price on exchanges and can chose what payment methods to accept.


Title: Re: What is the best way to use BTC to get cash from a ATM
Post by: bellgarath1 on June 12, 2014, 05:57:13 PM
I am a miner, and I am looking for the best way to get the cash from my mining without sharing all my info. 
I have hear of ATM cards that work in the states at most bank ATM's.

Does anyone have any suggestions?  Or experience on how best to get cash out with out sharing your info?



There is really only one way to get cash from a BTC ATM. That is to bring your phone, scan the QR code to send the BTC to the ATM's address, wait for confirmation and get your cash.

If you are looking for ways to get cash for your BTC then localbitcoins.com would probably be the best solution. You can offer a price above or below the price on exchanges and can chose what payment methods to accept.

What is the limit on the cash with draw from a bit coin ATM I know there is one a few hundred miles from me.


Title: Re: What is the best way to use BTC to get cash from a ATM
Post by: DannyHamilton on June 12, 2014, 06:21:18 PM
Thanks guys!

I will be looking into face to face btc transaction with the locals in Portland or Seattle as I live between the two.

Jerry

Send me bitcoins, I'll mail you cash via USPS.


Title: Re: What is the best way to use BTC to get cash from a ATM
Post by: CEG5952 on June 12, 2014, 06:23:01 PM
I am a miner, and I am looking for the best way to get the cash from my mining without sharing all my info
I have hear of ATM cards that work in the states at most bank ATM's.

Does anyone have any suggestions?  Or experience on how best to get cash out with out sharing your info?

What about directly selling bitcoin on localbitcoins for wire transfer and cash?

Debit cards surely will have you sharing your info, and will leave a significant paper trail. I concur with the above suggestion -- use LBC for cash in person only, if you want to stay off the grid.


Title: Re: What is the best way to use BTC to get cash from a ATM
Post by: d2dtk on June 13, 2014, 02:27:28 AM
Thanks guys!

I will be looking into face to face btc transaction with the locals in Portland or Seattle as I live between the two.

Jerry

Send me bitcoins, I'll mail you cash via USPS.

Is that before or after he postal service "looses" the mail while in route? They've really gone worse to more worse.

I've had positive results buying from localbitcoins, I was to sell locally I would sell through them.


Title: Re: What is the best way to use BTC to get cash from a ATM
Post by: DannyHamilton on June 13, 2014, 02:30:46 AM
Thanks guys!

I will be looking into face to face btc transaction with the locals in Portland or Seattle as I live between the two.

Jerry

Send me bitcoins, I'll mail you cash via USPS.

Is that before or after he postal service "looses" the mail while in route? They've really gone worse to more worse.

I've had positive results buying from localbitcoins, I was to sell locally I would sell through them.

I haven't had a problem yet with Priority Mail flat rate.

There are other options but they generally carry higher fees