The best way to convert Bitcoin into real money

[hulla]

You listed sites that better not to use. Localbitcoins is blocking accounts without reasons in last months. You can find a lot of posts about it. And they all require KYC. There are a lot of better solutions like local cryptos and others

Every crypto exchange site have there own rules and regulations so is localbitcoin and crypto traders that don't understand the way to make successful trade by doing a background check on the individual he deals with on local bitcoin there's a chance for his account to be blocked

Though they require KYC, but at least you know you are safe, the fact that they have 0 fees also.

https://c2c.binance.com/en

99% of every crypto to fiat exchange require KYC mate ever since the SEC set AML/KYC on cryptocurrency.

[Nhor1011]

In our country , it's easy to convert bitcoin to our fiat money and that is through Coins.ph, an app that allow you to store bitcoin,ethereum,,bch and xrp and you can automatically convert those digital currency into our fiat money. Hassle free and not only double purpose because you can also use this app to pay your bills, buy loads and send funds to your bank accounts. Very easy and helpful for us.

Converting bitcoin easily into a fiat or real money is depends on the availability of exchange in your country. And if you have a friends or known person that can exchange your bitcoin directly into a fiat money, that will be the easiest way I think.

[taufik0911]

currently in my country there are several trusted exchangers that make it easier for me to exchange from bitcoin to usd or idr but right now my favorite place to exchange is binanca because currently binance has accepted fiat idr deposits and idr withdrawals with various withdrawal options

[rexxarofmoknathal]

Don't forget exchanges such as Binance which is offering P2P service where you can exchange it to your own fiat money. Just look at their list of fiat currencies available. Though they require KYC, but at least you know you are safe, the fact that they have 0 fees also.

https://c2c.binance.com/en

Out of the 4 exchanges listed above I can only approve Binance as I personally have found it good and never had any issues regarding account versification or frozen funds. Nothing of the sort.

As mentioned above you'll have to complete KYC but this is usually done in about 2 days and you know that at least you'll be using a platform that's as safe as possible  

[bearexin]

It’s been a very long time that I used the LocalBitcoin exchange, I can’t even remember when that was. After the LocalBitcoin, I switched to Paxful and tried a few other exchanges, even over the counter.

Over the counter exchanges charges more fees, but they are usually fast, and especially when you get to know them it’s always easy to buy and sell, as you can message them direct and have the exchange carried out immediately and money sent to your bank account, unlike when you’re making use of other exchanges, although I understand that it’s because others are big exchanges. Like Luno is one of the big exchanges that operates locally where live, and a withdrawal to bank can take up to 24 hours on working days, and on weekends you will have to wait.

[verita1]

According to various opinions expressed here. The best way to convert Bitcoin to Fiat is local exchange. I do not like the term of comparing Bitcoin for real money as if it were talking about money that is not real to real money. For me to speak of Bitcoin is to speak in outstanding terms.

I have experienced that the best way to convert Bitcoin to Fiat is with a local P2P exchange. Some have used Binance or Localbitcoin. I use Cryptoway you need to approve KYC to access the services. The advantages are security, you can change several cryptocurrencies, you can change up to a minimum amount of coins, low commissions, less than 5 minutes you can have the deposit in your bank account and technical support.

[online73]

Hello to all. I think that here they share their hassle-free conversions from bitcoin to "real money". I have been using the Crex-24 exchange for more than two years now, I have never been let down. It is very convenient and fast through Qiwi, and so far there is not even a desire to try something else. At least at this stage for me, this is the "Best Way to Convert Bitcoins to Real Money".

[Josefjix]

The most reliable and fastest I've used ought to be Binance. Low transaction fees, live support ever ready to attend to your complaints. Since NGN has been listed on Binance withdrawals to my local Bank has been flawless and I seem to enjoy Binance.

[Shasha80]

The best way to convert Bitcoin to fiat is of course using popular and trusted exchanges, such as Binance exchange.
But I myself prefer to use local exchanges in my country, because besides being safer, the most important thing is
I can do it cash out to my bank account.

[sheenshane]

In every country, there is a local wallet that supported cryptocurrency, as long as crypto didn't ban in your place. Then, it is easy to convert Bitcoin into cash. I don't how LocalBitcoins use since most commonly used here in our country is (Coins.ph) the custodian crypto wallet that implies full verification of KYC. If you're ready with KYC verification, this custodial wallet is best for you of converting cash. But how about those countries that restricted to use crypto? Just like Bangladesh as I heard. Probably, the Bitcoin ATM machine is the best for them or P2P exchange.

Binance is good tho, the same to BestChange that directly send to your bank account. The rest of OP gave I didn't agree with converting Bitcoin to fiat.

[Yatsan]

There are lots of ways on how you can convert your Bitcoins into real money preferring into the local currency you do have in your country. Here in my country, we do have an easy and hassle free way on how we can access our Bitcoins and make it as a real money converting it into our local currency by using a local Bitcoin wallet generated by our fellow country men that we are commonly using to accept not just Bitcoin but as well as ETH, BCH, and XRP. If you were a Filipino, you will surely get familiar with coins.ph for it is our local crypto wallet wherein we can easily access our Bitcoin and make the converting from BTC to PHP (Philippine peso) to make digital payments and even do withdrawals into any banks and remittance centers.

Though there are reputable exchanges to do it specially for foreign currencies, we Filipinos are having an easy way on how we can convert our Bitcoins into a real money. This just make a point that converting Bitcoin varies on the country where you are from if your country have a locally generated wallet like we have or just use exchanges to do the thing.

[harizen]

The first thing to be considered is the crypto local exchange, if available. Try to look for that and see how it was performing in your country, plus of course the legality of it.

It's way more convenient to consider using local exchange first as surely, it supports most of the country's payment system from depositing and withdrawing to either bank to any payment merchants and remittances center.

If there's none, that's the time now to consider using a global exchange. But remember, not all exchanges supported a service per country. Read truly the TOS first before engaging.

[DarkDays]

The post is misleading because it assumes that Bitcoin in itself is not real money.

I think a better title would be 'how to convert bitcoin into fiat'.

With that said, I see that you have mentioned LocalBitcoins here. Which is not really that safe as they employ a hundred verification levels these days. Making them a high-risk target, if they go down, then your data would be with the malingerers. And if they decided to share your data with the authorities, you could attract the ire of the taxman.

People should note that Bitcoin is currently the sixth largest world currency by circulating supply.... If you don't think Bitcoin is real money, then neither are the 175 other fiat currencies Bitcoin is bigger than.

[Ridwan Fauzi]

And they all require KYC. There are a lot of better solutions like local cryptos and others

If I'm not mistaken, binance doesn't ask you a kyc as long as your withdraw amount is less than 1 btc per day, unless you will withdraw more than 1 bitcoin per day then you will be asked the KYC. Because so far, I use binance exchange and I withdraw money per week but they didn't ask me to fill my identity first.

The KYC issue is something that is always being discussed by crypto currency user. Indeed, most of them are refused and find another way to cash out their money. But, there is some user who don't mind that as long as they choose the reputable exchange at least to avoid some unwanted thing.