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Author Topic: Best and quickest way to exchange bitcoins for fiat  (Read 3561 times)
CoinGenie (OP)
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February 14, 2016, 02:35:30 AM
 #1

Hi everyone,

Just want know the best and quickest way to get bitcoins transferred into fiat please? I would like to be able to get hold of them within a day?
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btc-mike
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February 14, 2016, 02:47:56 AM
 #2

Hi everyone,

Just want know the best and quickest way to get bitcoins transferred into fiat please? I would like to be able to get hold of them within a day?

This is probably more suited for "Trading Discussion" sub-forum

How much BTC?
One-time trade or ongoing?
What country are you in?
What fiat do you want (USD, EUR, RUB, etc)?
xetsr
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February 14, 2016, 02:49:35 AM
 #3

What country? Same day wire transfers are quick but can be expensive. WU, MG and similar can be quick too depending on the buyer but again, expensive.

Sounds like you need a local that is willing to buy with cash. Though those can be hard to find these days even on localbitcoins depending on where you live.
mtnsaa
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February 14, 2016, 02:55:04 AM
Last edit: February 16, 2016, 11:16:50 PM by mtnsaa
 #4

I wonder why people are so surprised when critics of Bitcoin start to remark the obvious problems it has. A hassle to buy, to use, to spend and a hassle to sell apparently, what's the actual need to get Bitcoins really? I know what it is since I use it as virtual gold basically but if the intention was to work as a mainstream payment system it failed miserably.

To answer your question, it really depends on the country, in the US there are many options like Coinbase and Circle.
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February 14, 2016, 03:01:07 AM
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I wonder why people are so surprised when critics of Bitcoin start to remark the obvious problems it has. A hassle to buy, to use, to spend and a hassle to sell apparently, what's the actually need to get Bitcoins really? I know what it is since I use it as virtual gold basically but if the intention was to work as a mainstream payment system it failed miserably.

To answer your question, it really depends on the country, in the US there are many options like Coinbase and Circle.

Both could actually take several days depending on the time, day of the week and holidays. Circle deposits usually show up the next business day for me if submitted before the cut off time.

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February 14, 2016, 07:17:53 AM
 #6

best option to sell bitcoin and get fiat as fast as possible is to find somebody that is close to you and trade with them in cash, or ask them to send the money to you through a quick bank transfer.
the only problem would be finding such person that is trusted too.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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February 14, 2016, 02:58:11 PM
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it depends on what country you are living in. i you live in the netherlands or belgium then you can use bitonic to exchange your bitcoins for fiat. they only work with euro for obvious reasons. if you do it on working days before 1 pm, then you have the money in your bank account the same day.
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February 14, 2016, 03:02:25 PM
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Go to LocalBitcoins, find someone close and sell for cash.

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Wallet and Exchange security ≡ A security overview of wallets and exchanges. (forum thread)
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February 14, 2016, 03:40:01 PM
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How many coins have you got?

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February 15, 2016, 07:29:34 AM
Last edit: February 17, 2016, 07:19:03 AM by Amph
 #10

kraken is the best way for you, if you perform a sepa in the morning you get it at 18:00 tested many times, but you need to do it at worst before 11 am or around that

you also need a bank account of course
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February 16, 2016, 05:54:34 AM
 #11

its depend on what country you live in.but for every contry localbitcoin.com is common trading center where person of any country can get fiat currency exchange for btc.

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February 16, 2016, 01:44:58 PM
 #12

kraken is the ebst way for you, if you perform a sepa in the morning you get it at 18:00 tested many time, but you need to do it at worst before 11 am or around that

you also need a bank account of course

But to get the fiat or bitcoin in very easiest way means for that, He have to go with local traders only. In online means He should wait until bank procedures and trader's transferring time.
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February 16, 2016, 04:01:01 PM
 #13

Hi everyone,

Just want know the best and quickest way to get bitcoins transferred into fiat please? I would like to be able to get hold of them within a day?
I think the only fast and easy way is to do face to face deal with a same person over several time who just live near by you.

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February 16, 2016, 04:58:10 PM
 #14

kraken is the ebst way for you, if you perform a sepa in the morning you get it at 18:00 tested many time, but you need to do it at worst before 11 am or around that
I can confirm this (in Europe at least). I used it only once as a test: sold in the morning, got the money in the afternoon. Now I have my account ready if I ever need to sell more. Depending on your country there may be other services available, the one I know here has a much higher cost though so I won't recommend it.

It would be ideal to find someone nearby to trade with, cash only, so you take out the percentage for the middle man.

CoinGenie (OP)
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February 16, 2016, 10:11:43 PM
 #15

Thakns for everyones replies. I've been using a blockchain.info wallet but theres no way to change it with them. Might have a look at what Coinbase and Circle do.
CryingMidget
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February 17, 2016, 07:15:52 AM
 #16

Hi everyone,

Just want know the best and quickest way to get bitcoins transferred into fiat please? I would like to be able to get hold of them within a day?

To exchange to your bitcoin fast and secure means Just check the Kraken or Localbitcoins.com to exchange your bitcoin. Escrow is system is there in both So you could go with that easily with out  any fear.
Please check with that.
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February 20, 2016, 07:05:17 PM
 #17

in my country Indonesia usually i am selling at local forum and we use trusted third party account bank..for the cost depend amount transaction..so its safer,quick,and cheaper
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February 20, 2016, 07:30:16 PM
 #18

Coinbase works but if you don't have an account with them it could take a lot of tome to get the money and of course they are going to want you bank account info to transfer it to.
mtnsaa
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February 20, 2016, 08:02:03 PM
 #19

Localbitcoins is of course another obvious way but be extra careful with traders, check if they have more than 1000 transactions and more than 6 months trading and you should be good. The rates won't be the best though since they are the best ones for a reason. Avoid Paypal (although it's very tempting) and choose Western Union and you'll be ok.
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February 20, 2016, 08:10:42 PM
 #20

Hi everyone,

Just want know the best and quickest way to get bitcoins transferred into fiat please? I would like to be able to get hold of them within a day?

Bitcoin debit card may be a solution, though not the cheapset option....

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