Avoid losing money with bitcoins

[Malsetid]

Hi

I am wondering if there is some sort of site where you can exchange your bitcoins easily to real money or idk what and transfer back so you can avoid if btc drops.

Thanks

EDIT:

Thanks for all the info.

I am more looking for something like Skrill. You can transfer your normal money in bitcoins and transfer back in normal money.
Sadly you can't withdraw bitcoins so it's just for investing.

I live in Belgium and I am under 18 (but I can use fake identity proof but no selfie etc)

I got around 1 BTC and I am looking for some site where you have like a bitcoin wallet and a normal wallet and that you can transfer money between those wallets

I can't use a bank account

I think there is no such exchange, where you can avoid the fluctuations that exist. all existing exchanges give you facilities to exchange them for fiat and vice versa. of course you can't guarantee you get the same value for that exchange because the price keeps moving

Not an exchange but i think i've come across such a wallet. It's a mobile app called coins and it's basically a wallet for fiat, btc, eth and probably 2 more cryptos. You can easily convert your btc to fiat and vice versa though of course there are fees you have to pay per transaction, but i think that fits the functionality you'e looking for.

[Daniel91]

I suggest you try https://www.virwox.com service.
Here you can exchange your bitcoin to the real mony but through their internal exchange service.
In such way you can transfer your cash directly to Paypal and they will not know that this money comes from bitcoin.
It's great service for me

[Teawhalee]

there are many exchanges like Kraken, Gemini, Bittrex, and the likes that offers option where you can trade your bitcoins to fiat of USD  which helps keep your fund stable without decreasing or increasing. but most of these centralized exchanges usually require KYC of which you are still below 18. somehow you will need to get verified to be able to withdraw in fiat currency. you might need to wait till you turn 18 and then get verified with valid documents.

[Carrelmae10]

Hi

I am wondering if there is some sort of site where you can exchange your bitcoins easily to real money or idk what and transfer back so you can avoid if btc drops.

Thanks

EDIT:

Thanks for all the info.

I am more looking for something like Skrill. You can transfer your normal money in bitcoins and transfer back in normal money.
Sadly you can't withdraw bitcoins so it's just for investing.

I live in Belgium and I am under 18 (but I can use fake identity proof but no selfie etc)

I got around 1 BTC and I am looking for some site where you have like a bitcoin wallet and a normal wallet and that you can transfer money between those wallets

I can't use a bank account

..this is so called crypto exchange..you can trade your btc earn and convert it into your own fiat money if you want..trade on most popular crypto exchange like Bittrex, Binance, Poloniex..but most of the crypto exchange site needs KYC which means you need to reveal the whole identity of you..so it is better that you use your real name and wait until you reach the age of 18 so that you can have a valid documents in passing kyc..

[veleten]

Hi

I am wondering if there is some sort of site where you can exchange your bitcoins easily to real money or idk what and transfer back so you can avoid if btc drops.

Thanks

EDIT:

Thanks for all the info.

I am more looking for something like Skrill. You can transfer your normal money in bitcoins and transfer back in normal money.
Sadly you can't withdraw bitcoins so it's just for investing.

I live in Belgium and I am under 18 (but I can use fake identity proof but no selfie etc)

I got around 1 BTC and I am looking for some site where you have like a bitcoin wallet and a normal wallet and that you can transfer money between those wallets

I can't use a bank account

why don't you try local bitcoins?
https://localbitcoins.com/
be careful not to get scammed , read all of the terms and rules carefully
alternatively , use one of the many exchanges posted in this topic
but the vast majority of them wil lrequire you to verify your identity to be able to withdraw fiat money

[PlusOne88]

I think it is not that simple. We know that each transactions of converting bitcoin to our physical money needs to use the services of an exchange. During any transfer even how simple the miners would use electricity and therefore it is impossible to do it without any expenses. We also know for a fact that when you want something in exchange for another thing is what makes business live. So there is no shortcut to this idea. You have to pay for the service rendered and that is business.

[Dingdongjl]

I think the question on exchange is cleared on you now.

It doesnt matter if you are under 18 years old as long as you understand how to do it well there are lots of exchange that dont required KYC so there is no need for you to send a selfie and etc. you just need to find one that suites in your country.

[Oceat]

Then go on binance, you can save your btc in an exchange and binance is one of the best exchange for volume and market cap. You can do trade whenever you want it could be other coin or btc to usd the  usd to btc. By this way you can catch profit through buy and sell

You don't get what OP wants, do you? It's not just OP wants to find a good exchange but he wants to trade his fiat currency to BTC then trade to fiat currency again without affecting the outcome since Bitcoin has volatility. A proper way to trade it is to use USDT to avoid losing some money of it due to the volatility.

[lyks15]

It depend on what country where you are. Here in Ph your problem is not a problem. Using coins.ph your problem is not a problem. It is easy to encash your bitcoin. Find some application or site to convert your coin to dollar.  But on your age the best thing to do is to divide your cash out transactions diviible by small amount to avoid some transaction hassle.

[JNvak]

I tried various ways in order not to loose money, but sadly most of them were dissapointing. I learnt not to trust too much the "well-known" exchange platforms. Currently, I'm using Coindeal and so far had no problems with it. USD, GBP, EUR, KRN, RUB, you name it. Also, they offer a voting system that allows the users to choose the next availible cryptocurrency.

[Malsetid]

there are many exchanges like Kraken, Gemini, Bittrex, and the likes that offers option where you can trade your bitcoins to fiat of USD  which helps keep your fund stable without decreasing or increasing. but most of these centralized exchanges usually require KYC of which you are still below 18. somehow you will need to get verified to be able to withdraw in fiat currency. you might need to wait till you turn 18 and then get verified with valid documents.

indeed some exchangers who provide pairs on FIAT currencies such as USD ask KYC to make withdrawals so that those with less than 18 years of age must wait for their age. or maybe they can use their parents' identities to take shortcuts.

I don't really see any problem with that. I mean when it comes to exchanges, it's easier for any scammer to take your money by having access to your account. Giving the exchange your information actually adds to the security and would likely make it easier to fix things in case your accont gets hacked. These are real money we're talking about anyway.

[LUCKMCFLY]

Hi

I am wondering if there is some sort of site where you can exchange your bitcoins easily to real money or idk what and transfer back so you can avoid if btc drops.

Thanks

EDIT:

Thanks for all the info.

I am more looking for something like Skrill. You can transfer your normal money in bitcoins and transfer back in normal money.
Sadly you can't withdraw bitcoins so it's just for investing.

I live in Belgium and I am under 18 (but I can use fake identity proof but no selfie etc)

I got around 1 BTC and I am looking for some site where you have like a bitcoin wallet and a normal wallet and that you can transfer money between those wallets

I can't use a bank account

Of course, if it exists, I do not know if in Belgium it is localbitcoins.com, or Uphold, they are really reliable platforms, although I recommend that every time you go to make a transaction with someone, always check your reputation and choose one that has a good reputation . , this to guarantee security, since many times they can review ready.

Try some exchange houses, there are some money changers who are always bitcoin enthusiasts and can set a price at which it is possible to give FIAT money and safely, this if you have some kind of terminal nearby, in Colombia there are people who are enthusiastic and The only thing that is done is the transfers and they give you the Fiat money.

[carlisle1]

Well you have that option in most of the exchanged, but you title is misleading but if you are looking for where you can convert bitcoin to paper money there are so many ways you can do that through direct debit card into you Bank account or through other bitcoin exchangers ways.

Yeah the title seems to be advice when the truth is he wants advice,thats really misleading lol

But he has some options and some are given by other users

What he wanted now is skrill as what the edit says so i guess this topic is done already and need to be locked