 Show Posts
|
|
Pages: [1]
|
NEW UPDATE:
Well in my previous update i said that card costs .0017, it actually costs .017 which is around 230USD at the moment, and i only sent .0017 on first transaction, tbh i think their pricing is a bit steep and they don't even give confirmation of their cards availability before you pay which sounds dodgy because there might be a very long wait list or they might just tell me "cards are not available at the moment we will let you know once your card is ready", happened with me before on a different site!
If they say "cards are not available at the moment", will they refund your money? as you have sent it before. Or just waiting for uncertain time to get next batch of the cards? Yes, BTC0.017 is pretty expensive for many people, depend on their perspective to find a way to convert bitcoin to fiat, but if it's really works, $230 is worth I due to it can help to cover electricity for your mining farm. Wish you luck. May I ask; Bitcoin is illegal in your country or the government only ban cryptocurrency trading? How many ASICs do you have? How about the electricity cost, is it cheap or free  ? Thanks dude, basically one website refunded but others just want me to wait!, i'm currently trying to get a card from Epayment, they seem to offer a much better deal than Wagecan Bitcoin itself is not illegal however the Central Bank has banned all banks to receive or deal with cryptocurrencies here, and the gov also banned importing ASICS, there are no jail time or fines to pay if you do so they only take them away! which is worst imo haha! i only mine on GPUs not with ASICS, seemed a better investment option for me when i first started and electricity is pretty darn cheap.. |
|
|
|
Hi,
I was wondering what is the best way to cash-out bitcoin and other cryptocurrencies outside USA and Europe, basically i live in the middle east in a country that banned bitcoin trading recently which caused many platforms such as Coindesk to no longer support bank withdrawals to where i live.
as some of you might already know, Visa also banned the major Cryptocurrencies card dealing issuer that used to supply almost all of the platforms that used to issue a plastic Visa card that is used accept bitcoin/crypto transfers.
From my experience i have tried all plastic cards issuers and most of trading platforms and nothing seems to work when it comes to withdrawal or issuing a functional Debit Card, which lead me to try out exchanging Bitcoins on some trading websites like Localbitcoins and Paxful and from what i can see those places are full of scammers or those who are not welling to send an international bank transfer, not to mention their ridiculously low rates which if i got lucky and found a trusted trader would cause me to lose around 20% of value if not more in some cases.
I also tried Payeer, Payza and Paysera whom claim to support and being partners with some platforms like Exmo and Indacoin but those platforms doesn't seem to allow that at the moment, i really wish we had something like Satoshilivingroom which is an Australian Pay With Bitcoin website that allows to pay any Australian bill with bitcoins or even transfer coins to banks directly but only available in Australia.
I run a semi-large mining operation and wish to steadily cash-out some of my profits to finance growing my investment and help cover electricity and other expenses, any ideas guys?
Much appreciated.
middle eastern country? which one is that? cryptocurrencies, weaken you countries integrity, it might even lead to a collapse and the islamic state will overtake everything in your country regards country is Jordan, can you elaborate how do you think it will that lead to the "islamic state overtaking everything"? from where i'm standing i can see that many countries are banning cryptocurrencies more and more, IMO they fear the idea of decentralization and tax avoiding. they claim it's to protect investors from unstable investments tho. China is raiding mining operations and Europe is constantly issuing new regulations, few days ago they just shutdown Wavecrest cards which was used to issue Visa cards for most of trading platforms, news about S Korea banning trading and dealing with cryptocurrencies which lead to a decrease in BTC Value. it has nothing to do with integrity, it's more about fearing of the uncontrollable, and in my country i can't see that leading to any collapse whatsoever, because most of people here don't even know what is Cryptocurrecny, one friend actually thought i was a hacker when he saw my mining farm! lol. Thanks |
|
|
|
|
NEW UPDATE:
Well in my previous update i said that card costs .0017, it actually costs .017 which is around 230USD at the moment, and i only sent .0017 on first transaction, tbh i think their pricing is a bit steep and they don't even give confirmation of their cards availability before you pay which sounds dodgy because there might be a very long wait list or they might just tell me "cards are not available at the moment we will let you know once your card is ready", happened with me before on a different site!
|
|
|
|
|
NEW UPDATE:
I'm currently experimenting with Wagecan, they claim to offer a plastic Mastercard that can be funded with BTC.
I just funded my account there with some BTC to purchase their card (transaction still pending) which costs .0017 at the moment, i assume they will ask for verification documents next.
I'll keep this thread updated
|
|
|
|
I have the same problem like you and the only option for me is to cashout small amount each time using :
localbitcoins to payonner.
epayments debit card.
bitcoin to payza to bank transfer.
How do you send Bitcoin to Payza, currently on their website they saying they support the following platforms: Inda Coin http://indacoin.com couldn't find a transfer to Payza option nor Payza offer a BTC Wallet address to use Exmo https://exmo.com : couldn't find a transfer to Payza option nor Payza offer a BTC Wallet address to use Bitok http://bitok.com : Down thanks |
|
|
|
If services are no longer supporting your country then the only solution would be P2P trading. You can make a bank account with a Visa card associated with it, link to to either PayPal or Skrill and trade with people here on the forums or the platforms you already mentioned, just make sure you're trading with trusted individuals. You can then just withdraw to your Visa and use it in your local ATMs.
Thanks for your reply. Yes i already own a business bank account, basically i own a small tech firm so i'm thinking to use that as a front to cash-out my earnings, which will make them taxable income, i hope my bank doesn't freeze my account for dealing with exchange websites, they already did it once because i was transferring a lot of money from my paypal and accused me with money-laundering! lol i'll keep looking for more steady ways and keep this thread updated to help others facing a similar situation. Thanks |
|
|
|
Update: Just tried to create an account on C-CEX but unfortunately wasn't able to do so, they are displaying this message at the moment: "Exchange is in limited service mode now as announced and explained in our twitter: https://twitter.com/CryptoCurrEncyX/status/941317740148723713Some functions on this page will not be available till Jan, 20" |
|
|
|
If your government has banned Cryptocurrency, I doubt any exchange will support your country for cashing out your crypto currency. If you are holding a significant amount of crypto currency, you may choose to travel to your nearest country that still supports Cryptocurrency. Before going there, try Localbitcoins platform and stuck a deal with a Trader who will trade your cryptos in exchange of cash. This way, you can exchange your Cryptocurrency. Otherwise you may try some exchange like c-cex that support payeer as a method of withdrawal.
Thank you for your reply. basically IMO travelling to another country that still supports cryptocurrencies doesn't seem like a good idea because all current platforms operating in countries allowing bitcoin will ask for verification such as a passport and utility bills issued by the country that i'm transferring to, to prove residency and identity in govs try to centralise and control Cryptos, not to mention that most countries require Visa for traveling with my passport which is a very complicated and time consuming process, was hoping for something more steady that i can rely on every now and then. My experience with Localbitcoin wasn't so great but i think it's the only reasonable option at the moment. I'll try C-cex now and post my findings here. Thanks again. |
|
|
|
|
Hi,
I was wondering what is the best way to cash-out bitcoin and other cryptocurrencies outside USA and Europe, basically i live in the middle east in a country that banned bitcoin trading recently which caused many platforms such as Coindesk to no longer support bank withdrawals to where i live.
as some of you might already know, Visa also banned the major Cryptocurrencies card dealing issuer that used to supply almost all of the platforms that used to issue a plastic Visa card that is used accept bitcoin/crypto transfers.
From my experience i have tried all plastic cards issuers and most of trading platforms and nothing seems to work when it comes to withdrawal or issuing a functional Debit Card, which lead me to try out exchanging Bitcoins on some trading websites like Localbitcoins and Paxful and from what i can see those places are full of scammers or those who are not welling to send an international bank transfer, not to mention their ridiculously low rates which if i got lucky and found a trusted trader would cause me to lose around 20% of value if not more in some cases.
I also tried Payeer, Payza and Paysera whom claim to support and being partners with some platforms like Exmo and Indacoin but those platforms doesn't seem to allow that at the moment, i really wish we had something like Satoshilivingroom which is an Australian Pay With Bitcoin website that allows to pay any Australian bill with bitcoins or even transfer coins to banks directly but only available in Australia.
I run a semi-large mining operation and wish to steadily cash-out some of my profits to finance growing my investment and help cover electricity and other expenses, any ideas guys?
Much appreciated.
|
|
|
|
السلام عليكم ما هي افضل طريقة لسحب البتكوين في الشرق الأوسط والأردن مع العلم انه اغلب المنصات لا تسمح بتحويل البتكوين الى بنوك الأردن وان شركة فيزا قامت بايقاف بطاقاتها لأغلب المنصات التي كانت تسمح بتحويل البتكوين ، قمت بتجربة بايزا وبايسيرا بدون نجاح.  شكراً |
|
|
|
|
