A better way to exit out of Bitcoin

[trollteam]

I'm currently looking into a better way to exit out of Bitcoin ( we all know its hard to get into bitcoin ) but the exit out always requires people to fill out a bunch of paper work i.e, coinbase/ insert exchange here. When I say exit out I mean BTC to Cash.  So , would be sent to your paypal, dwolla account ( ya,ya I know paypal right ) . The problem is incentive to use the service over said Coinbase/exchange.  Didn't know if people had an idea of a better incentive to use my service versus the ones mentioned above ?  I know a better rate , say a little higher in price  ( although this is going to be for selling small amounts of BTC to start $25, $50 max. ) ,but I'd be losing money at that point I think ? Can anyone think of a better incentive ? I thought about a sort of redeem bitcoins coupon say a month later or something. Dunno. Seeking feedback before starting in. Thanks!

[Victor Beckham]

U can easily sell bitcoins without any paperwork on LocalBitcoins or www.100bit.co.in.

[sdmathis]

I often use localbitcoins to sell to an individual. It's much easier and faster for me.

[trollteam]

U can easily sell bitcoins without any paperwork on LocalBitcoins or www.100bit.co.in.

That is fine. But, if you wanted not to meet in person . I get there might be competition.

[Victor Beckham]

U can easily sell bitcoins without any paperwork on LocalBitcoins or www.100bit.co.in.

That is fine. But, if you wanted not to meet in person . I get there might be competition.

You can sell online through both. No requirement to meet in person.

[trollteam]

U can easily sell bitcoins without any paperwork on LocalBitcoins or www.100bit.co.in.

That is fine. But, if you wanted not to meet in person . I get there might be competition.

You can sell online through both. No requirement to meet in person.

Ah ok. Fair enough. I figured there might be some competition that is fine. How does local bitcoin make money ?

[Victor Beckham]

U can easily sell bitcoins without any paperwork on LocalBitcoins or www.100bit.co.in.

That is fine. But, if you wanted not to meet in person . I get there might be competition.

You can sell online through both. No requirement to meet in person.

Ah ok. Fair enough. I figured there might be some competition that is fine. How does local bitcoin make money ?

Both LocalBitcoins & 100bit.co.in makes money through commission. LocalBitcoins is an established players and spends huge on advertisement. Hence their trading fees are normally higher than 100bit.co.in. On 100bit.co.in, tradin fee is 0.1% of the trade amount.

[trollteam]

U can easily sell bitcoins without any paperwork on LocalBitcoins or www.100bit.co.in.

That is fine. But, if you wanted not to meet in person . I get there might be competition.

You can sell online through both. No requirement to meet in person.

Ah ok. Fair enough. I figured there might be some competition that is fine. How does local bitcoin make money ?

Both LocalBitcoins & 100bit.co.in makes money through commission. LocalBitcoins is an established players and spends huge on advertisement. Hence their trading fees are normally higher than 100bit.co.in. On 100bit.co.in, tradin fee is 0.1% of the trade amount.

Ah I see Victor. Thanks for that information. So they are equivalent in commission to say an exchange I take it ?

[SuperBoy4141]

I think btc-e is the batter way to get your bitcoin to PayPal at best rate with minimum fees.

[Victor Beckham]

U can easily sell bitcoins without any paperwork on LocalBitcoins or www.100bit.co.in.

That is fine. But, if you wanted not to meet in person . I get there might be competition.

You can sell online through both. No requirement to meet in person.

Ah ok. Fair enough. I figured there might be some competition that is fine. How does local bitcoin make money ?

Both LocalBitcoins & 100bit.co.in makes money through commission. LocalBitcoins is an established players and spends huge on advertisement. Hence their trading fees are normally higher than 100bit.co.in. On 100bit.co.in, tradin fee is 0.1% of the trade amount.

Ah I see Victor. Thanks for that information. So they are equivalent in commission to say an exchange I take it ?

No. LocalBitcoins charge is 1%, whereas 100bit.co.in charge is 0.1%. You will get lots of traders on LocalBitcoins. But, you'll get very few traders on 100bit.co.in. Simple.

[Amph]

U can easily sell bitcoins without any paperwork on LocalBitcoins or www.100bit.co.in.

That is fine. But, if you wanted not to meet in person . I get there might be competition.

You can sell online through both. No requirement to meet in person.

Ah ok. Fair enough. I figured there might be some competition that is fine. How does local bitcoin make money ?

Both LocalBitcoins & 100bit.co.in makes money through commission. LocalBitcoins is an established players and spends huge on advertisement. Hence their trading fees are normally higher than 100bit.co.in. On 100bit.co.in, tradin fee is 0.1% of the trade amount.

Ah I see Victor. Thanks for that information. So they are equivalent in commission to say an exchange I take it ?

yeah

but some users on local bitcoin, are charging more then the market price, like +5%, better to find an exchange that don't require id under a certain amount, there are plenty of those

[fox19891989]

I'm currently looking into a better way to exit out of Bitcoin ( we all know its hard to get into bitcoin ) but the exit out always requires people to fill out a bunch of paper work i.e, coinbase/ insert exchange here. When I say exit out I mean BTC to Cash.  So , would be sent to your paypal, dwolla account ( ya,ya I know paypal right ) . The problem is incentive to use the service over said Coinbase/exchange.  Didn't know if people had an idea of a better incentive to use my service versus the ones mentioned above ?  I know a better rate , say a little higher in price  ( although this is going to be for selling small amounts of BTC to start $25, $50 max. ) ,but I'd be losing money at that point I think ? Can anyone think of a better incentive ? I thought about a sort of redeem bitcoins coupon say a month later or something. Dunno. Seeking feedback before starting in. Thanks!

You can use local bitcoin, prices there are higher than exchanges, so you can make more money, but be careful, there are some phishing site to scam new users.

Look at the url, make sure it's the official site. I heard one guy was scammed by a phishing site, he lost some coins there.

[Q7]

If you check carefully certain cryptos like doge has a way to cash out like for instance going converting to paypal without registering. Even at the dogemarket you can find some serious buyers who will pay slightly the premium but all these carries certain risk level. So here, it's a matter of converting to other cryptos. This is just one example and there's plenty more. 

[louise123]

You can try localbitcoins.com
I bought and sold Bitcoins through them on a few occasions.

[peeveepee]

Watch out if your volume is large, can get hit by government officer.

[Bogleg]

Just sell on exchange and wire back the money.

[ShakyhandsBTCer]

Use localbit or social media to find and connect to the bitcoin community near where you're at. Offer to sell bitcoins in cash in person on the spot, no id and no waits. You're goig to cash out, I guarantee it.

[crazyivan]

What is the problem with 1% commission? That s acceptable fee. You want a service which does not ask for papers and does everything for free? No such service around.

[ScryptAsic]

Localbitcoins is good and easy to use. There are plenty of ways out but you need to do a bit of searching. Just a small piece of advice, keep a small amount of BTC (0.1-1BTC) in a cold wallet somewhere just in case BTC does fly sky high. That way you won't feel too bad for cashing out as you had something small in safekeeping. If it doesn't rise and ou falls you could just look at it as a small risk that didn't go your way. Not the end of the world.

[jaxxx]

Buy something of a dark web website and then sell it locally, use local bitcoins as other have said and it can be done in second, use the sell tab find a buyer and sell no trouble or effort required then you are out of bitcoin as you wish. You could also sell here with escrow or just gamble it all and if you win the fee's won't be much of a problem. If you lose you still get out as you wish.