AioFox (OP)
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Activity: 84
Merit: 10
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June 13, 2016, 07:59:59 AM |
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Hey everyone, i still new to this whole bitcoin processing but i've manage to earn quite enough and i would like to know how exactly i could change my bitcoins to fiat then transfer it to my bank account so that i can use the money locally. I would appreciate it if you could provide safe and legitimate sites for transactions and explain the process in a simple way. Thank you.
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MHopkins
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Activity: 95
Merit: 45
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June 13, 2016, 09:04:19 AM |
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It depends where you live - but in EU there is kraken, bitilcious etc
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tampazeus
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June 13, 2016, 09:11:42 AM |
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I am from India, and whenever I feel to sell my coins and transfer it to my bank account then I prefer to use localbitcoins.com as that is the best place for selling coins and converting to fiat.
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Sharky444
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June 14, 2016, 11:14:03 AM |
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Kraken.com is the best exchange. Very fast FIAT transfers.
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wintermeasures
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June 14, 2016, 11:22:32 AM |
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Hey everyone, i still new to this whole bitcoin processing but i've manage to earn quite enough and i would like to know how exactly i could change my bitcoins to fiat then transfer it to my bank account so that i can use the money locally. I would appreciate it if you could provide safe and legitimate sites for transactions and explain the process in a simple way. Thank you.
I think it could, for example, I live in Indonesia. and existing bitcoin exchanger btc/idr. With it I used to redeem bitcoin into rupiah to my bank account. Maybe in you country have service like this? thank you |
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BigBoom3599
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June 14, 2016, 02:25:28 PM |
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There are many exchanges that allow you to sell bitcoin, some of the most popular ones are Coinbase, Kraken and Bitstamp. You can also use other exchanges that don't directly go to you bank account, but to your paypal or so.
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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June 14, 2016, 04:19:47 PM |
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Hey everyone, i still new to this whole bitcoin processing but i've manage to earn quite enough and i would like to know how exactly i could change my bitcoins to fiat then transfer it to my bank account so that i can use the money locally. I would appreciate it if you could provide safe and legitimate sites for transactions and explain the process in a simple way. Thank you.
We need to know your country as it which exchange is going to work depends on country. This is due to keeping legal and following that countries laws. For example in us it's KYC that is huge so things like Coinbase work great but need to know who you are. But it should be as easy as setting up a checking account and linking it to a exchange in many countries. Which means sell/transfer is all that will be needed after you get through most exchanges verification process. But again depends on country and exchange. I even opened up a checking account just for this to keep money separate from other checking account's just as it makes me feel a little more secure. |
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BitcoinSupremo
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June 14, 2016, 06:02:34 PM |
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If you want to remain anonymous and not upload any verification documents , you can exchange you BTC to FIAT here in the currency exchange section of this forum. Find a trusted seller with green trust, or one who has a lot of transaction and not a single claiming against him, you can exchange your bitcoins directly here.
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BitAficionado
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Merit: 0
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June 15, 2016, 05:59:26 PM |
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There are several exchanges like Bitfinex, Btc-e, Cryptsy, Kraken etc. where you can convert your Bitcoins into desirable fiat and then transfer your balance into your bank account if this option is available for you or in paypal or equivalent one, I would suggest you to play around different exchanges to find the best option for you. But Localbitcoins is the best option when it comes to exchanging in a less tedious way and for privacy oriented people.
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socks435
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Activity: 2058
Merit: 1030
I'm looking for free spin.
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June 15, 2016, 06:35:24 PM |
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Hey everyone, i still new to this whole bitcoin processing but i've manage to earn quite enough and i would like to know how exactly i could change my bitcoins to fiat then transfer it to my bank account so that i can use the money locally. I would appreciate it if you could provide safe and legitimate sites for transactions and explain the process in a simple way. Thank you.
Better to mention your whole details if where you from and how much you want to withdraw.. I have a list of high trust score that you can withdraw your money to pick up like money gram or otherservices.. |
Decided to end it with zer0 profit.
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zeaderza
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June 15, 2016, 06:58:05 PM |
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You can sell your bitcoin on localbitcoin.
You need only a bank account.
Write IBAN to the buyer of your bitcoin and you will receive fiat money on your bank account.
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techgeek
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June 15, 2016, 07:51:53 PM |
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If you want to remain anonymous and not upload any verification documents , you can exchange you BTC to FIAT here in the currency exchange section of this forum. Find a trusted seller with green trust, or one who has a lot of transaction and not a single claiming against him, you can exchange your bitcoins directly here.
You can do that, or depending on the volume you do is setup your own po box system. Similar to making a drop off system - and release on escrow. Or you can do just do a regular meet locally (although) this eventually relies on trust. |
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