Cashing in my Litecoins and USD?

[jmillar]

Hi everyone,

I've browsed these forums for a while but have only just registered as I have a quick question. I've got only about $60 USD in my btc-e account and about 200 LTC in my wallet and I'm wanting to cash in.

When I try to withdraw my USD through BTC-E I get the message "Money hold. 2814 min left". I assume this is because I haven't logged into BTC-E for some time so I have to wait 48 hours before withdrawing funds which is fair enough.

I also want to cash in the 200LTC in my wallet. Is the best way to do this to transfer to BTC-E, sell for USD and withdraw the USD?

Also, I'm in Australia so what is the best method for withdrawing my USD from BTC-E? Will it credit funds to my PayPal account or directly into my bank account?

Any help would be appreciated.

Regards,
Jason

[b!z]

I think btc-e will send funds to your bank account. Do research to see how long it takes.

[marcovaldo]

If you go to "finances" and withdraw USD, you will find the conditions:
- wire transfer - 1.5 % fee - min 1k usd
- paypal - 6% fee - min 250 usd


Maybe you can do some research.

[jmillar]

Thanks a lot.

marco, I think usually the options come up when you click 'Withdraw' but since mine comes up with the error I can't see what options are available to me. Thanks for your post.


So I assume I have to send the LTC to BTC-E, then sell to USD, then withdraw?

There is no other way to do it?

[marcovaldo]

You will have to wait 48 hours.


You can also change the LTC for BTC in btc e or cryptsy or any other exchanges, and then trade the BTC for AUD in localbitcoins, for a face to face meetings, or with an other exchange than btc e. Because btc e prices are quite low. And fees high.

[Singlebyte]

I think btc-e will send funds to your bank account. Do research to see how long it takes.

This might help you if you use BTC-e

https://hdbtce.kayako.com/Knowledgebase/Article/View/31/0/withdraw-usd--eur--rur

[Solarminer]

Check out this new site.  You can trade litecoins directly into US$.

https://www.litetree.com

Otherwise as others have said Cryptsy, Vircurex, BTC-E can trade your LTC to BTC.  Then go to Coinbase to trade your BTC into $.

[Singlebyte]

Check out this new site.  You can trade litecoins directly into US$.

https://www.litetree.com

Otherwise as others have said Cryptsy, Vircurex, BTC-E can trade your LTC to BTC.  Then go to Coinbase to trade your BTC into $.

I surely wouldnt trust a new site or a recommendation from a new user with one post.  You are just looking for trouble if you take that advice.  Stick to the more proven websites/exchanges. 

[Solarminer]

I agree, be careful with new trading sites.

I will add that I did a small trade with litetree to test it.   The transfer to my Dwolla account took less than 24hrs.

[Macieja]

You can sell them for BTC and than you can sell BTC wherever you want-Gox, bitstamp, etc...

[Eobot]

You can buy Cloud mining with them on Eobot...immediate payment/sign up...

[dalexc]

I thought btc-e was not using paypal or bank accounts?

[nappingpilot]

Paypal is an option.  Wire transfer is the bank account option you're looking for.  

See previous posts for details of percentages and min amounts to withdraw.  I haven't tried either of them.