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Title: Bitcoins to USD Post by: diabinc141 on February 28, 2012, 07:39:54 AM Hey I'm still kind of new to bitcoins and I'm curious what the best way to go from bitcoins to USD is?
Title: Re: Bitcoins to USD Post by: francong on February 28, 2012, 08:04:05 AM Some pool provide a service that pay your BTC directly to Paypal.
Title: Re: Bitcoins to USD Post by: diabinc141 on February 28, 2012, 08:09:36 AM Which pool is that?
Title: Re: Bitcoins to USD Post by: francong on February 28, 2012, 08:10:43 AM http://www.eclipsemc.com/
I'm still trying this pool. Not sure if there is any fee to exchange to paypal. Title: Re: Bitcoins to USD Post by: diabinc141 on February 28, 2012, 08:54:01 AM Thanks I'll check it out.
Title: Re: Bitcoins to USD Post by: Jeremy West spendbitcoins.com on February 28, 2012, 10:49:46 AM Spendbitcoins.com also allows you to exchange for paypal, amazon payments, amazon gift codes, etc.
Title: Re: Bitcoins to USD Post by: diabinc141 on February 29, 2012, 12:53:09 AM Thanks guys I really appreciate the help!
Title: Re: Bitcoins to USD Post by: cncguru on February 29, 2012, 05:09:09 AM How I do it:
1) mine coins 2) open Mt Gox trading account 3) open Dwolla account and tie it to a debit card 4) transfer mined coins to Mt Gox (few mins) 5) Sell coins at market price (few seconds or mins) 6)transfer your USD from Mt Gox to your Dwolla account (never took more than 1/2 hr for me) 7)ACH transfer to your debit card( next day during the week) 8) from coins to USD in 1 day with almost zero fees ;D Title: Re: Bitcoins to USD Post by: diabinc141 on February 29, 2012, 05:51:14 AM How I do it: Thanks!1) mine coins 2) open Mt Gox trading account 3) open Dwolla account and tie it to a debit card 4) transfer mined coins to Mt Gox (few mins) 5) Sell coins at market price (few seconds or mins) 6)transfer your USD from Mt Gox to your Dwolla account (never took more than 1/2 hr for me) 7)ACH transfer to your debit card( next day during the week) 8) from coins to USD in 1 day with almost zero fees ;D Title: Re: Bitcoins to USD Post by: francong on February 29, 2012, 06:33:31 AM It's too bad that I do not live in US
Title: Re: Bitcoins to USD Post by: Jeremy West spendbitcoins.com on February 29, 2012, 08:19:20 AM It's too bad that I do not live in US We do business worldwide. Title: Re: Bitcoins to USD Post by: francong on February 29, 2012, 08:46:39 AM It's too bad that I do not live in US We do business worldwide. Maybe next time I'll try Amazon gift card. Title: Re: Bitcoins to USD Post by: Jeremy West spendbitcoins.com on February 29, 2012, 09:10:59 AM It's too bad that I do not live in US We do business worldwide. Maybe next time I'll try Amazon gift card. Yeah. I hate PayPal. :) Title: Re: Bitcoins to USD Post by: francong on February 29, 2012, 03:34:47 PM It's too bad that I do not live in US We do business worldwide. Maybe next time I'll try Amazon gift card. Yeah. I hate PayPal. :) Title: Re: Bitcoins to USD Post by: B4THC4t on February 29, 2012, 11:03:30 PM How I do it: 1) mine coins 2) open Mt Gox trading account 3) open Dwolla account and tie it to a debit card 4) transfer mined coins to Mt Gox (few mins) 5) Sell coins at market price (few seconds or mins) 6)transfer your USD from Mt Gox to your Dwolla account (never took more than 1/2 hr for me) 7)ACH transfer to your debit card( next day during the week) 8) from coins to USD in 1 day with almost zero fees ;D Is this safe and secure? I love that it's simple . . . Title: Re: Bitcoins to USD Post by: kronut on February 29, 2012, 11:13:09 PM Watch out with paypal though, if they lock your account, it's possible the money will be stuck for months!
Title: Re: Bitcoins to USD Post by: cncguru on February 29, 2012, 11:56:57 PM How I do it: 1) mine coins 2) open Mt Gox trading account 3) open Dwolla account and tie it to a debit card 4) transfer mined coins to Mt Gox (few mins) 5) Sell coins at market price (few seconds or mins) 6)transfer your USD from Mt Gox to your Dwolla account (never took more than 1/2 hr for me) 7)ACH transfer to your debit card( next day during the week) 8) from coins to USD in 1 day with almost zero fees ;D Is this safe and secure? I love that it's simple . . . Yes this is safe and secure. You do have to prove who you are(scan and upload ID) to open the Dwolla account. To link a bank account is very easy with a prepaid debit card. As long as you are not doing large transfers(over $1K/day)Mt. Gox won't bug you.(I don't think they have changed that) Their web interface is easy and straightforward, just use the "Funding" tab to find the uplink for BTC and downlink to Dwolla. The whole process might take you a day or two to get all set up depending on how quickly you move on things but once you have the accounts linked it doesn't get much easier, plus Dwolla fees are only 1 quarter!(free for under $10) Just don't initiate the Dwolla ACH transfer to your debit card after Thursday or you will most likely have to wait until Monday for it to complete. Works for me! ;D |