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Author Topic: How to convert to USD?  (Read 1175 times)
ayesha sadiqa
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June 23, 2016, 04:01:11 PM
 #21

there are so many exchange of converting bitcoin and USD and so many other curriencies.
Kprawn
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June 23, 2016, 04:29:09 PM
 #22

Just a little question to you guys out there.... I was just wondering how the Tax authorities handles Tax matters for underage kids and at what age are you being regarded as a adult for tax purposes? I

know most countries see Bitcoin as some commodity and they only tax the capital gain on it. Once you convert to cash, the capital gains come into play... right? This could possibly turn out as quite a

sticky subject, if you take those to things into consideration.  Roll Eyes

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mobnepal
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June 23, 2016, 06:28:27 PM
 #23

--snip---
Just fire up an Omni wallet https://www.omniwallet.org/, put your bitcoins in there, go to the DEX, trade for Tether.  Later, trade back again.  Totally easy and there are no humans involved to fuck it all up with fees and scams.  

Over $1 million of Tether are traded every day.  So lots of people are comfortable with it.  Besides, these is an actual real 1$ on deposit somewhere that backs every tether in existence.  It is an amazing system and it is designed to do exactly what you asked for.
Is this true, how a online wallet could be decentralized and what back those tether? IS this same as poloneix and other have as USDT or it is deferent?  Roll Eyes Huh
21BTC (OP)
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June 23, 2016, 07:52:19 PM
 #24

There are many many many different ways to convert btc to usd like for instance, circle.com does debit, paxful does like everything, coinbase,ATM's, and so many other websites transfer btc for USD pretty easy nowadays
But all of these ways involve a human agent to handle the trade and they all charge fees.  You can do it for free as a Dex operation on the Omni platform.  
I can't trust they shitty looking site with 25 BTC.I need something popular and reliable,may be i am thinking with going with btc-e.com as they don't need verifications and deposit/withdraw of btc is also instant
Between $1 - $5 million trade on the Omni platform everyday.  For more than 2 years, been running like that.  Your 25 BTC is minuscule in comparison.

Quote
I can't trust they shitty looking site
Oh, you like the pretty websites?  Those are the scammers.  They spend all their time on UI.  Sites that aren't a scam spend all their time on the core and don't worry about pretty UI.
What is omniwallet anyway? is there any official thread about it on bitcointalk? and what is there relation with tether.io?
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