|
Title: How to convert to USD? Post by: 21BTC on June 23, 2016, 10:07:11 AM .
Title: Re: How to convert to USD? Post by: janggernaut on June 23, 2016, 01:02:23 PM You earned 25 btc in 3 years? Congrats then :D (but actually i want see the proof too). Well, try sell your btc in localbitcoin, i see many people said if that site is recomended. And for me, we shouldn't holding big amount in exchange site, imagine if that site down for a long time , and we need money at that time too.
Title: Re: How to convert to USD? Post by: Edwardard on June 23, 2016, 01:55:41 PM 25 btc in 3 years ? are you kidding me ? it means more than 7 btc in a year ? congrats on your great success. but i tell you store your coins safely somewhere in a cold wallet. you can use exchanges like paxful , localbitcoin (it is very much recommended). also dont sell all your coins at a time because it can cause a risk of loosing all your coins at one time. cut your btc in half and sell small by small parts. btw i think you can become a very rich person if you get successful in selling all your coins and dont get scammed.
Title: Re: How to convert to USD? Post by: n691309 on June 23, 2016, 01:59:56 PM Depending on the country that you are you can try and search for local people and trade the bitcoins for cash which is the best way and without any fees like the exchanges.
Title: Re: How to convert to USD? Post by: SinsOfWrath on June 23, 2016, 04:22:24 PM you can find local buyer from the forum with region you are.
then you can meet him (i suggest you bring someone with you for your safety, like an adult one). then you can sell it then (with cash). always do it in public place since that wasnt small money (if you really have 25 btc). then you can try to sell separately or small amount for safety. hope it will help you.. Title: Re: How to convert to USD? Post by: romero121 on June 23, 2016, 05:09:09 PM Depending on the country that you are you can try and search for local people and trade the bitcoins for cash which is the best way and without any fees like the exchanges. As quoted upon the country you reside you can prefer different exchange websites as well trading websites. On the whole localbitcoins.com gives ease of converting. Title: Re: How to convert to USD? Post by: coinzat on June 24, 2016, 01:38:43 AM I think it is not a good option to keep all this amount in an exchange site. you have to withdraw your money after selling the btc and when you want to buy again, make a new deposit with USD. it will be much safer
Title: Re: How to convert to USD? Post by: outatime1 on June 24, 2016, 01:50:58 AM Don't put a large amount of bitcoin on any exchange. It's too risky. Put most of it on an offline wallet and just use a little for trading. Too many exchanges have closed or stolen our money in the last couple of years.
Title: Re: How to convert to USD? Post by: Darwin02 on June 24, 2016, 02:00:28 AM Best suggestion I think is hold your coin in your wallet, its huge amount and dont trust even exchanges will run. so wait until your old enough to widraw your funds we don't know what will happen in next 3 years maybe the price of bitcoin at that time is too expensive.
Title: Re: How to convert to USD? Post by: PuraPuraBego on June 24, 2016, 02:12:23 AM Why you worries don't have bank account? You've using bank account your family or friends. Then Bitcoin would be rising year to year. so bitcoin waiting your bank account then worth as big money.
Title: Re: How to convert to USD? Post by: PsursV on June 25, 2016, 11:06:12 AM if you have some bitcon or you are earning bitcoin from a signature campaign and you want to convert your bitcoin from bitcon currency to USD. then you can use a online exchange for doing so. you can you yobit, or bestwest and so many other currencies exchange through whom you can chage your bitcon currency in to USD and some other currencies.
Title: Re: How to convert to USD? Post by: Cresciuanto on June 26, 2016, 09:37:58 PM i think there are a lot of exchange where you can easily convert your bitcion even every currency in to USD. so i will suggest you yobit. that is such a reliable exchange with low rate and very simple and easy way of converting your bitocin into dollar or any other currency.
Title: Re: How to convert to USD? Post by: starboyshuvo on June 28, 2016, 03:46:23 PM I am a student and don't really have bank account and won't have one atleast for next 3 years but i do own 25 BTC by my 3 year hard work.It really stress me to see bitcoin rates fluctuate so much. Some people say to immediately sell after halving to secure profit but i won't be able to do so because i have no way nor intention of converting it into cash yet.Now my question is how can i convert them into usd temporory online when bitcoin rates are up say 1 btc = 1000 USD then i want to convert my 25 BTC to 25000 USD and when it goes down i will buy again.Basically,i don't want to convert it into cash. I see websites like btc-e.com,bitfinex etc but do they need verifications etc and any limit on trades? and is it wise to hold that much bitcoin in exchange sites? I don't want to end up being the person who just kept holding bitcoins even when the price got upto 1000 usd and keep it falling down.Please advice something :) you are like me. i saved 45 bitcoins since 2.5 years as well.... u can use btc-e for this. im using this site for almost 1 year. and i kept around 10 btc there. Title: Re: How to convert to USD? Post by: Maesters1- on July 03, 2016, 08:08:03 AM I am a student and don't really have bank account and won't have one atleast for next 3 years but i do own 25 BTC by my 3 year hard work.It really stress me to see bitcoin rates fluctuate so much. Some people say to immediately sell after halving to secure profit but i won't be able to do so because i have no way nor intention of converting it into cash yet.Now my question is how can i convert them into usd temporory online when bitcoin rates are up say 1 btc = 1000 USD then i want to convert my 25 BTC to 25000 USD and when it goes down i will buy again.Basically,i don't want to convert it into cash. I see websites like btc-e.com,bitfinex etc but do they need verifications etc and any limit on trades? and is it wise to hold that much bitcoin in exchange sites? I don't want to end up being the person who just kept holding bitcoins even when the price got upto 1000 usd and keep it falling down.Please advice something :) you are like me. i saved 45 bitcoins since 2.5 years as well.... u can use btc-e for this. im using this site for almost 1 year. and i kept around 10 btc there. Title: Re: How to convert to USD? Post by: roadbits on July 05, 2016, 04:57:13 PM Actually, people do not understand OP question. Yes there is lot sites are there to convert BTC to USD, but the main reason is OP don't have his Bank account so where should site send his money.Site need bank account must right so how it possible. But there is a one way you can find local BTC buyer in your place and go there take cash and sell your coins there only.This is the only solution you have.
Title: Re: How to convert to USD? Post by: andyste on July 05, 2016, 10:21:26 PM is simple what is your from country your can exchanger market place exchange local or
you can convert localbitcoins dot com you seach your country and then will list buyer your country Title: Re: How to convert to USD? Post by: Cxinbolen on July 05, 2016, 11:37:02 PM Actually, people do not understand OP question. Yes there is lot sites are there to convert BTC to USD, but the main reason is OP don't have his Bank account so where should site send his money.Site need bank account must right so how it possible. But there is a one way you can find local BTC buyer in your place and go there take cash and sell your coins there only.This is the only solution you have. Clearly you also didn't understood my question! I never meant to sell my Bitcoins for Cash. i want to convert them to USD temporory online so that i can buy bitcoins later when the price falls. meanwhile i don't want to fear that exchange will run away so i wanted something that gives me control just like bitcoins but the value is actually USD and guess what i just came to know about tether but i don't know how i can buy them.If you want to convert your bitcoins to fiat to buy back if/when the bitcoin price falls, then just go the extra step and take the fiat into your own hands (cash, credit, online payment methods). It'll just be one small, extra step when you buy bitcoin back. But my advice is to hold the bitcoin. The price may fall a little after halving, but you can save yourself the hassle and keep holding as the price continues to rise after that; however, I won't try and force you to do anything. 25 btc in 3 years ? are you kidding me ? it means more than 7 btc in a year ? congrats on your great success. Err... have you heard of this thing called a job? Online or not, 7BTC (equal to roughly $4.6K at time of writing) is barely anything. |