Bitcoin Forum

Economy => Trading Discussion => Topic started by: favelle75 on April 27, 2013, 01:03:47 AM



Title: Best way to get real $$ for Bitcoins?
Post by: favelle75 on April 27, 2013, 01:03:47 AM
Made an account at Mtgox, having trouble figuring out the best way to sell my Bitcoins for CDN dollars without getting completely ripped by fees.


Title: Re: Best way to get real $$ for Bitcoins?
Post by: Stephen Gornick on April 27, 2013, 07:53:03 AM
Made an account at Mtgox, having trouble figuring out the best way to sell my Bitcoins for CDN dollars without getting completely ripped by fees.

 - http://LocalBitcoins.com

You sometimes can even get better than spot price, paid in cash.


Title: Re: Best way to get real $$ for Bitcoins?
Post by: arsenische on April 27, 2013, 07:59:16 AM
I've noticed this service recently: https://btc2pp.net/ , but not sure if it can be trusted... Anybody tried it?


Title: Re: Best way to get real $$ for Bitcoins?
Post by: favelle75 on April 27, 2013, 05:43:09 PM
Anyone else?  How can I pull CDN $$ out of Mtgox without being nickel and dimed to death with fees?


Title: Re: Best way to get real $$ for Bitcoins?
Post by: grue on April 27, 2013, 08:12:54 PM
Anyone else?  How can I pull CDN $$ out of Mtgox without being nickel and dimed to death with fees?
the only way that is free is with local transactions


Title: Re: Best way to get real $$ for Bitcoins?
Post by: favelle75 on April 27, 2013, 08:22:09 PM
I don't mind paying a fee...I just don't want to pay INSANE fees.


Title: Re: Best way to get real $$ for Bitcoins?
Post by: calian on April 27, 2013, 09:06:16 PM
Why not use a Canadian exchange? Much easier and you can sell directly for CAD.

https://www.libertybit.com/  - I think the lowest fees, 0.5% is lower than mtgox.
https://www.cavirtex.com/home  - has a 3% fee.
https://btcto.com/  - don't know if they're operational yet.


Title: Re: Best way to get real $$ for Bitcoins?
Post by: favelle75 on April 27, 2013, 09:17:17 PM
Are they reliable? cavirtex has a $6 fee.  Not bad for larger sums...it'll eat away at smaller amounts.


Title: Re: Best way to get real $$ for Bitcoins?
Post by: favelle75 on April 27, 2013, 09:32:39 PM
Libertybit looks interesting though.  $2 for an EMT is pretty sweet.  Keep the transations at $500 and up and you'll only pay 0.4%.


Title: Re: Best way to get real $$ for Bitcoins?
Post by: calian on April 27, 2013, 09:40:50 PM
I've had good experience with libertybit, both buying and selling. Have done interac in and out. It's a small exchange but Paul is really good about communication and customer service.


Title: Re: Best way to get real $$ for Bitcoins?
Post by: favelle75 on April 27, 2013, 10:00:43 PM
Good to know calian.Seems good to me!


Title: Re: Best way to get real $$ for Bitcoins?
Post by: jag2k2 on April 27, 2013, 10:05:32 PM
bitcoin is real $$


Title: Re: Best way to get real $$ for Bitcoins?
Post by: Stephen Gornick on April 27, 2013, 10:35:08 PM
Unfortunately only a few people are using WeExchange.co or their FIAT.CAD instrument on BitFunder.com

 - https://www.WeExchange.co  <--  Accepts Interex
 - http://www.BitFunder.com


Title: Re: Best way to get real $$ for Bitcoins?
Post by: ManBearPig on April 29, 2013, 12:31:12 PM
I've noticed this service recently: https://btc2pp.net/ , but not sure if it can be trusted... Anybody tried it?

Never heard of it but the first alarm bell that rings is that it asks for your PayPal email before even explaining what the website does.

Personally wouldn't touch it with a bargepole - they state they don't accept PP for BTC for the very same reasons you shouldn't either: chargebacks.


Title: Re: Best way to get real $$ for Bitcoins?
Post by: martynw2000 on April 29, 2013, 04:56:38 PM
Transfer to OKPay for 1% fee at MTGox, then withdraw to OKPay debit card for about 2.5%, use ATM.


Title: Re: Best way to get real $$ for Bitcoins?
Post by: favelle75 on April 30, 2013, 12:25:49 AM
Ran through the Libertybit process and it was flawless.  So easy.  $2 for an EMT right to my bank account, no other hidden fees.  I'll use Mtgox for trading and Libertybit for cashing out.

Thanks all!


Title: Re: Best way to get real $$ for Bitcoins?
Post by: firefop on April 30, 2013, 12:47:54 AM
Ran through the Libertybit process and it was flawless.  So easy.  $2 for an EMT right to my bank account, no other hidden fees.  I'll use Mtgox for trading and Libertybit for cashing out.

Thanks all!

Glad you got it worked out - incase anyone else was wondering for USD the best way is through dwolla.


Title: Re: Best way to get real $$ for Bitcoins?
Post by: favelle75 on April 30, 2013, 12:56:43 AM
Ran through the Libertybit process and it was flawless.  So easy.  $2 for an EMT right to my bank account, no other hidden fees.  I'll use Mtgox for trading and Libertybit for cashing out.

Thanks all!

Glad you got it worked out - incase anyone else was wondering for USD the best way is through dwolla.


I agree....that 25-cent fee is unbeatable.  US = Dwolla, Canad = Libertybit.


Title: Re: Best way to get real $$ for Bitcoins?
Post by: notme on April 30, 2013, 03:38:26 AM
bitcoin is real $$

This.  Also, this thread probably belongs here: https://bitcointalk.org/index.php?board=8.0


Title: Re: Best way to get real $$ for Bitcoins?
Post by: favelle75 on April 30, 2013, 04:04:12 AM
Its not real $$ everywhere.  And as a smart investor, I don't hedge my bets into 100% of one place.  No thanks.