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Author Topic: What is the easiest way to exchange my bitcoins for USD ?  (Read 790 times)
Alexord
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January 28, 2013, 05:09:55 PM
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Hi

Everyone


Can someone tell me  where can I exchange my BTCs for CASH ( USD) in USA?


I have a couple of hundreds that I would like to cash ASAP.

Regards

Alexord
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TangibleCryptography
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January 28, 2013, 05:30:56 PM
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One method would be https://fastcash4bitcoins.com

About as easy as it can get. 
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January 28, 2013, 05:52:41 PM
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How anonymous does the cash out need to be?
ProfMac
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January 28, 2013, 09:52:37 PM
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There is an exchange named VirWox, https://en.bitcoin.it/wiki/VirWoX  I have used it to exchange Second Life Lindens and USD.  It also exchanges BitCoins.


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January 28, 2013, 10:34:02 PM
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One really easy way is to look for someone local that will buy them.  I have someone here local to where I live with a very similar last name to your handle.  I met him at the Bitcoin Users group.  It was just him, until I joined. 

Check for a users group, or use https://localbitcoins.com.  Once you have an established relationship trading BTC for USD is easy.

That's just one suggestion.

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January 29, 2013, 05:31:10 AM
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Where in USA?

Got BTC
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January 29, 2013, 10:26:03 AM
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Sell them through MoneyGram, it's like Western Union except the fee's are 10x less. That or bank transfer/wire would probably be the fastest ways to get cash in your hand. Any place with large amounts of feedback will be safe to use though.
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January 29, 2013, 02:58:56 PM
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You can try https://mtgox.com/ or https://fastcash4bitcoins.com/
Alexord
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January 29, 2013, 03:12:49 PM
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How anonymous does the cash out need to be?


As much as possible....
Alexord
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January 29, 2013, 03:38:12 PM
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Sell them through MoneyGram, it's like Western Union except the fee's are 10x less. That or bank transfer/wire would probably be the fastest ways to get cash in your hand. Any place with large amounts of feedback will be safe to use though.


Thanks for  you reply  Got BTC.


I´m new around BTC industry,  I´m really interested  on Money Gram, 

How does it work?

Can I sell my Bitcoins a request the Money Gram online?


Thanks again.
DeathAndTaxes
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January 29, 2013, 04:06:03 PM
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Sell them through MoneyGram, it's like Western Union except the fee's are 10x less. That or bank transfer/wire would probably be the fastest ways to get cash in your hand. Any place with large amounts of feedback will be safe to use though.

MG is generally cheaper than Western Union but saying the fees at 10x less is kinda  stretch.

WU fee to wire $1,000 USD (US to US) - $95 (9.5%)
MG fee to wire $1,000 USD (US to US) - $78 (7.8%)

Either one is a very expensive way to send funds.
Alexord
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January 29, 2013, 04:22:22 PM
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Where in USA?


Florida!
liralen
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January 29, 2013, 08:08:49 PM
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I'm a vendor on Silk Road and the best way I've found means taking a risk. There are vendors (like me) who have tons of btc, and then there are customers who have cash and want btc so they can buy stuff on Silk Road.

We trade. They send me cash, I email the coin. We don't know each other, so the potential for getting ripped off is there. But so far it's worked. And worked way better than CampBX, which is ripping me off for $11,000 (I just started a thread about the fun time I've been having with CampBX).
dryan9576
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January 29, 2013, 08:35:01 PM
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I'd only trust a reputable vendor to send in cash for BTC, I'm sure there's some on silk road out there.
AndrewJ
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January 29, 2013, 09:58:14 PM
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This is nice too >> https://localbitcoins.com/
TheButterZone
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January 29, 2013, 10:10:15 PM
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Adjust for your actual city.
https://localbitcoins.com/location/US/Orlando/

Alexord
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January 30, 2013, 05:30:02 PM
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Sell them through MoneyGram, it's like Western Union except the fee's are 10x less. That or bank transfer/wire would probably be the fastest ways to get cash in your hand. Any place with large amounts of feedback will be safe to use though.

MG is generally cheaper than Western Union but saying the fees at 10x less is kinda  stretch.

WU fee to wire $1,000 USD (US to US) - $95 (9.5%)
MG fee to wire $1,000 USD (US to US) - $78 (7.8%)

Either one is a very expensive way to send funds.

Yes,  It is expensive but  I know a couple of persons that owns MG offices.

I would like to know how it works,  in order to recreate the service and get a better prices.

I need how MG  translate BTCs to USD.  Can you tell me how they do that?

Kind Regards




DeathAndTaxes
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January 30, 2013, 06:56:18 PM
 #18

I think you are confused.  MG doesn't translate, accept, or pay BTC.  They never have. 
Alexord
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January 31, 2013, 05:39:38 PM
 #19

I think you are confused.  MG doesn't translate, accept, or pay BTC.  They never have. 

hummmm

Let me try to be more specific.

I have  X amount of  BCTs  and  I want to  convert them to Cash.

Is there any way to do that  and get the cash through  WU and/or MG?


Regards



 
Rexrussell
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January 31, 2013, 06:21:32 PM
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I have used both localbitcoins and bitinstant with cash at money grams. usual end up paying $2-3 above spot price per coin. but with the price rising it seems to even out after a few days
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