Bitcoin Forum

Hi

Newbie here

I have opened an account with Virwox as I need to accept bitcoins and they can transfer to Paypal.

But what other ways can I get Bitcoin into my bank account?

I need a half decent limit too as Virwox only lets you trade small to begin with

Thanks

Make account at big exchange like BitStamp is and sell your coins there, withdraw fiat in unlimited ammounts. The problem might be that you will need 2-4 weeks to get your account verified there. I don't have expirience with BTC-e or houbi, but it might be faster, someone fix me if i'm wrong.

Bitstamp or Btc e in my opinion they are 2 of the biggest and been around for a fair amount of time.  Just be prepared to send documents proving you are who you tell them you are. Its fairly slow depending on which exchange you pick. Btc e being faster at least for me.

Steve

Yeah sending documents etc is too much pain I am looking for one where I can cash out easily at present I am using Virwox

Is there a site with high deposits and no need for verification?

Such sites are likely to be shut down by government agencies for violating AML laws long before they have enough transaction volume to handle the size of transactions you appear to be looking for.

How much you like to transfer to your bank account? Which country are you from?

There are lots of ways, but i would suggest that you should keep your Bitcoins and speculate that you will sell them higher later (in year or two).
Keep in mind Bitcoin is on great way to be standard payment system in the world  :o

Using paypal to withdraw on bitstamp can only froze your paypal account, I heard people complaining that paypal have seized their accounts.

I would suggest LocalBitcoins.com, you come directly in contact with sellers and buyers there and the two parties can set their own rules. Beware that some will ask for verification and some will not so make sure to check the terms of the seller/buyer.

Thanks for the answers.

I currently use Virwox but the deposit limits are really low so I guess I would need to sign up somewhere and Verify

I would add that if the only thing you know about an exchange is that they help you avoid the law, then you should not trust them. They could just take your money and forget you. You will have no legal recourse and will just have to accept it.

make an account on lcalbitcoin i think some of them accpet bank .. or you credit card like.. here is the link
https://localbitcoins.com/

Hope you get it

Deal locally using localbitcoin escrow is usually the cheapest for small amount.

For larger amount, you need to do more homework and find out which one is safest and cheapest.

Use localbitcoins and the currency exchange section here for p2p trades.
You need to pick trustworthy people and be careful with scams though.

I like kraken for EU purchases

Excellent idea!  :)