Bitcoin Forum

Hello

I would know if a BITCOIN plateform such as BTC-E or Coinbase allow us to convert Bitcoin immedialty after the transaction is confirmed.

For example if I'm not online when I receive bitcoin, if the plateform can convert in cash instantly after the reception ?

Regards

That is not possible at this point with the current Bitcoin exchanges.

You can however try to contact a certain payment processor that normally converts all sales from Bitcoin to fiat instantly for merchants, if they also allow normal (non-merchant) customers to use their service.

Take a look at Coinapult Locks (https://coinapult.com/faq). It might do what you want.

What you have asked for won't happen. Such need has to be done manually by the authorised user.
Only then you will get the specified transaction amount without extra charges.

so you think you can get cash while your friend sent you bitcoins?its impposible,bitcoin must be traded,except if you agree with some rule on trading bitcoin with that exchage,and you tell them to convert automaticly into cash or real money,but i dont think there was exchange like that.

I don't know about BTC-E or Coinbase but I think in xapo exchange you can do it instantly. Once you got a confirmed bitcoins in your account, you can withdraw them as a cash almost instantly but they have some fee. I fee depends on which currency you withdraw.

Could you possibly share with us, why you want to do that? There might be a better solution to your problem, if we knew what you wanted to do. I think most of us wants you to stay within Bitcoin and not convert back to fiat and if in any way possible, we might find a solution for you, to do just that. Most businesses today, keep their money in the banks and not in cash. Let's discuss the options, when you give us a bit more information on what you want to do.

If one of the previous posts answered your question, please point it out or this topic will go on forever. 

Payment processors like Bitpay do this. They allow merchants to accept btc as payment. They immediately convert to fiat.

This is possible. You need a robot or program that can automatically sell the bitcoin.

But to cash out the money, you need to visit a cash machine or bank.

Through bitpay its possible. Bitpay is also used by various sites to convert get their paid bitcoins as cash instantly.

It can be done with coinbase rather easily. They allow you to schedule things such as purchases and sales of bitcoins. So if you are expecting a deposit every day at a specific time, or once a week, etc. you can schedule coinbase to automatically sell it. You can turn this on or off at any time. Not 100% what you are looking for, but pretty close.

It will be not that smart if you are doing it now. Because the value is not so good. It is better that you wait.
We all think that it will rise later in the future and then you can sell it later with a higher value and so you will have more money.