TAKING PROFITS

[envirojay]

Can someone tell me the best way to convert BTC back to Dollars in my bank account?  I want to know the cheapest fastest method to convert BTC to AUD.  I want to be able to take profit when I make about 200 dollars instead of leaving it in the markets or on USDT.  Thanks for the help with this.  Cheers! 

[l3sny]

Just create an account on localbitcoins and try to sell your bitcoins in there, search for a buyer that has a good reputation and only sell to him if he has good reputation in there. Remember that he is going to send the funds to your bank account. You are probably never going to be scammed in localbitcoins, since you are the only one who is able to release the money to the buyer.

[GreatOrchid]

I did not understand if you want to withdraw your earnings to your bank account, or if you want to trade USDT for bitcoin.. If you want to withdraw, then do it as the other guy say before me, sell your bitcoins in localbitcoins for fiat.. it is not too difficult, and anyone can do it.
But if you want to convert usdt to btc, then use any exchange that is on the internet, poloniex,bittrex,cryptopia, etc.

[BitPACK]

You need open account on Bitstamp and transfer your bitcoins to bitstamp and sell them to fiat and withdraw to your bank account.

[UCHCHILD]

You want to get your profit via bank account?
Or withdraw your all btc in bank? If so, you can go to localbitcoin, make a profile there and sell your coin, because there where some people who can do it and buy btc via bank transactions.

[mk4]

Good choice of not holding your funds on USDT. I wouldn't suggest holding USDT for more than a day to be honest. You might want to try out ACX and btcmarkets, those are the exchanges that are listed on coinmarketcap with the BTC:AUD trading pair. Can't guarantee that these are good sites though.

https://acx.io/
https://btcmarkets.net/

You need open account on Bitstamp and transfer your bitcoins to bitstamp and sell them to fiat and withdraw to your bank account.

I been using Bitstamp and i think bitstamp will charge you a certain money to withdraw to bank account. So the best would be localbitcoin.

I'm a bit sure the extra charges are on the banks side and not the exchanges. Correct me if I'm wrong.

[Skylake]

Can someone tell me the best way to convert BTC back to Dollars in my bank account?  I want to know the cheapest fastest method to convert BTC to AUD.  I want to be able to take profit when I make about 200 dollars instead of leaving it in the markets or on USDT.  Thanks for the help with this.  Cheers! 

maybe you can contat local exchanger fot bitcoin, or you can use localbitcoinexchange thats site is usefull to sell your bitcoin with  oayment transfer bank or Cash on delivery, im never use it because i have favorit local exchange so maybe you can try using small amount

[dhka]

You said 'back to dollar' which to me means you were able to purchase some bitcoins before using dollars, if that's the case you should be able to convert it back to dollar using the same method, whether it was an exchange or a service, etc.

[DaMut]

You said 'back to dollar' which to me means you were able to purchase some bitcoins before using dollars, if that's the case you should be able to convert it back to dollar using the same method, whether it was an exchange or a service, etc.

OP said he want to convert his Bitcoin profit into cash using an exchanger,platform or something like that with lowest fees.
based on his statement alone we should understand that he knew how to convert it into Fiat and vice versa.
but the real question is where is the place with the lowest fee aka cheapest.

if you want to encash your Bitcoin profit into cash i recommend you to sell it to another Bitcoin users or peer to peer platform.
some people said localbitcoin is very high in fees,but you do not need to worry about it.
even though it's a bit big from others,in there you can raise the price a little bit and i am sure a lot of people raising their price to sell it in there.
which mean you do not need to pay the fees because you can raise the price in there and pay the price from that.
but the best way to encash your money is using 'Currency Exchanger' board in this forum.
if everything is right,you do not need to pay a fees for withdrawal and only need to pay the transaction fees.
find a trusted one and make a deal with him,so you do not need to spend some of your money for the fees and something like that

[doedz]

You want to get your profit via bank account?
Or withdraw your all btc in bank? If so, you can go to localbitcoin, make a profile there and sell your coin, because there where some people who can do it and buy btc via bank transactions.

To make a switch to your direct bank takes a long time and a big fee.
if there is a local exchange and there is a voucher making I think it's faster and cheaper.

[Noctifer]

You want to get your profit via bank account?
Or withdraw your all btc in bank? If so, you can go to localbitcoin, make a profile there and sell your coin, because there where some people who can do it and buy btc via bank transactions.

To make a switch to your direct bank takes a long time and a big fee.
if there is a local exchange and there is a voucher making I think it's faster and cheaper.

That depends on the site. GDAX has no maker fee and no only 15cent SEPA fee for withdrawing (takes 1-2 business days to get the money).

[giveen]

If you trading smaller exchanges then it's better if you transfer you funds to local bitcoin it ia easier , safe and also doesn't require any documents most of the time. Else if you trading on exchanges with higher volumes like bittrex register on tether.to , submit all the documents including address proof and then transfer funds to you bank easily with a flat fee of $20 no matter how much is tge amount.

[n0ne]

Lot of methods were used by users to withdraw or convert the bitcoin to fiat and make the profit. Localbitcoins have access to majority of the countries and based on that it's good use it for conversion of bitcoin and get the profit. Other than this it's good to withdraw only the profit when the price increases.

[Razick]

Lot of methods were used by users to withdraw or convert the bitcoin to fiat and make the profit. Localbitcoins have access to majority of the countries and based on that it's good use it for conversion of bitcoin and get the profit. Other than this it's good to withdraw only the profit when the price increases.

Localbitcoins is hands down the best method to convert Bitcoin to US Dollars. You can sell BTC very quickly if you set your rate a few percent above market price. I recommend 1% above market price just to get back the LocalBitcoins fee. It might take a few days depending on how much you are looking to sell, but generally speaking it should not take too long unless you are selling hundreds of thousands.

[jennywhzz]

Can someone tell me the best way to convert BTC back to Dollars in my bank account?  I want to know the cheapest fastest method to convert BTC to AUD.  I want to be able to take profit when I make about 200 dollars instead of leaving it in the markets or on USDT.  Thanks for the help with this.  Cheers! 

Your thread is a bit confusing here.  Would you want to invest on btc and get your profit through banks? Or want to withdraw your money now, your all btc to your bank accounts? Why you want to make profit at 200 dollars and withdraw. Why not wait more and see the bitcoin rises more and you might get 300$ or even more.

[John Wick]

Can someone tell me the best way to convert BTC back to Dollars in my bank account?  I want to know the cheapest fastest method to convert BTC to AUD.  I want to be able to take profit when I make about 200 dollars instead of leaving it in the markets or on USDT.  Thanks for the help with this.  Cheers!  

This is up to the platform you use and your residental country. You can withdraw usdt into your bank account, exchange turns it to the real dollar and deposit into your bank account.

[bob3772]

Localbitcoins is probably your best bet and you can try find someone who is buying in AUD. If not you can sell for USD or something else and your bank should automatically convert it for you for a small cost.