Bitcoin Forum

Economy => Trading Discussion => Topic started by: jabo38 on December 17, 2014, 01:33:35 PM



Title: Bitcoins -> USD, how to cheaply?
Post by: jabo38 on December 17, 2014, 01:33:35 PM
If I am in the US and I have some Bitcoins and want to turn them into USD via deposit into my US bank account, what service will do it for me at the best rates?  There is no rush to actually have the money immediately, this is for international remittance.  


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: LewiesMan on December 17, 2014, 01:37:17 PM
Take a look at:
bit-x.com
Bitstamp.com
LocalBitcoins.com


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: Biitcoin on December 17, 2014, 01:43:53 PM
If I am in the US and I have some Bitcoins and want to turn them into USD via deposit into my US bank account, what service will do it for me at the best rates?  There is no rush to actually have the money immediately, this is for international remittance.  

I guess the most known is LocalBitcoins.com , or you can post here on Bitcointalk forums on "Currency Exchange" section and post what rate you want & wait for clients ;D


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: jabo38 on December 17, 2014, 02:59:47 PM
Well.... let me be clear.  I guess I am not explaining myself well. 

I live overseas.  I bought bitcoins overseas.  I want to turn those Bitcoins into USD in my American bank account. 

I am not in America right now, but when I go back, I would like my debit card to have some cash on it. 

I have used Coinbase before to go from BTC -> USD, but they charge like 1%.  Is there any other service that I can go from BTC -> USD with lower fees? 


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: turvarya on December 17, 2014, 03:05:43 PM
Well.... let me be clear.  I guess I am not explaining myself well. 

I live overseas.  I bought bitcoins overseas.  I want to turn those Bitcoins into USD in my American bank account. 

I am not in America right now, but when I go back, I would like my debit card to have some cash on it. 

I have used Coinbase before to go from BTC -> USD, but they charge like 1%.  Is there any other service that I can go from BTC -> USD with lower fees? 
So, what is so bad about Bitstamp?
seems like lower fees to me:
https://www.bitstamp.net/fee_schedule/



Title: Re: Bitcoins -> USD, how to cheaply?
Post by: Elwar on December 17, 2014, 03:25:30 PM
You may want to check out BitPay for Bitcoin->USD


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: ChuckBuck on December 17, 2014, 04:33:40 PM
As far as I can tell, Circle is fee free:

https://www.circle.com/en

Not sure the rule or laws with using Circle internationally, but in theory should be free.


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: YinShuiSiYuan on December 18, 2014, 12:18:33 AM
if you are looking for the best rates and to have your money deposited directly into your bank account then you are going to want to use coinbase.

Circle tends to have wider spreads, and you don't want to deal with LBC as it is generally not good to give random strangers your bank account information


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: GÜNther.Danish on December 18, 2014, 08:45:59 AM
cheak it out https://bitcointalk.org/index.php?topic=695082.0

look for a cheap fee exchange sell your bitcoin and withdraw usd


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: ryanm on December 18, 2014, 09:56:51 PM
Been using Buttercoin. It's insanely good, no fees.


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: Francesca on December 19, 2014, 07:51:33 AM
cheak it out https://bitcointalk.org/index.php?topic=695082.0

look for a cheap fee exchange sell your bitcoin and withdraw usd

yeah, btc-e is the most expersive, lakebtc and bitfinex are cheapest.


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: jabo38 on December 19, 2014, 10:29:09 AM
As far as I can tell, Circle is fee free:

https://www.circle.com/en

Not sure the rule or laws with using Circle internationally, but in theory should be free.

I have found this link on Circle https://support.circle.com/hc/en-us/articles/200713745-How-do-I-withdraw-funds-from-my-Circle-account-

It appears that if I link a bank account with Circle then they will convert my BTC to USD for free.  No charges. That seems like a pretty good deal to me.  I am in the process of trying to link accounts now.  I guess it takes a couple of days.  Also, just at the moment, Circle has one of the highest prices for BTC so that is nice too. 

If I get it to work, I will update.


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: jabo38 on December 24, 2014, 03:13:18 AM
I have signed up with Circle and have used it.  It is indeed free and sometimes has better exchange rates than Coinbase.


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: phemmy on December 26, 2014, 07:04:29 AM
check out coin.mx (http://coin.mx)


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: b!z on December 26, 2014, 07:49:26 AM
Be a seller on localbitcoins so you can charge a markup, since time is not an issue like you said.


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: KizerWilhelm on January 13, 2015, 02:08:57 PM
cheak it out https://bitcointalk.org/index.php?topic=695082.0

look for a cheap fee exchange sell your bitcoin and withdraw usd

Thanks! I go to check it now.


Title: Re: Bitcoins -> USD, how to cheaply?
Post by: pak13 on January 13, 2015, 07:58:28 PM
I'll agree, Circle is my choice. Coinbase next.