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Author Topic: What is the best way to cashout your bitcoin now?  (Read 27840 times)
finity
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March 05, 2017, 04:23:14 PM
 #241

In my country localbitcoins is the best site to cash out my bitcoins as I find both traders there who transfers money to your bank account or you can even get hard cash by selling your bitcoins and it hardly takes few minutes for transactions apart from that I have never used any other site for cashing out my bitcoins.
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March 05, 2017, 05:52:23 PM
 #242

Good thing here in our country, cash outs are so easy since there are multiple methods for you to receive your coins. You can get them in a personal meet up or get them deposited directly to your bank account or have them sent via ATM using a card-less ATM cash out. Too many options, but it requires a lot of verification which I think is really necessary since you can cash out up to $100k using their service.

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March 05, 2017, 07:08:27 PM
 #243

In my country localbitcoins is the best site to cash out my bitcoins as I find both traders there who transfers money to your bank account or you can even get hard cash by selling your bitcoins and it hardly takes few minutes for transactions apart from that I have never used any other site for cashing out my bitcoins.
You have to encounter the risks involved when you are dealing with people in local bitcoin. I do cash out with the help of exchanges which is pretty easy and i would get the equivalent according to the market price and i am happy with it rather than risking with dealing with unknown members.
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March 06, 2017, 02:22:55 AM
 #244

In my country localbitcoins is the best site to cash out my bitcoins as I find both traders there who transfers money to your bank account or you can even get hard cash by selling your bitcoins and it hardly takes few minutes for transactions apart from that I have never used any other site for cashing out my bitcoins.

Its is best site where you can exchange where ever in the world and some other exchange sites also there. Other than that trading site help, you can buy a btc debit card and can use the debit card to use in a regular ATM.
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March 06, 2017, 05:34:11 AM
 #245

I exchange my bitcoin to local currency, it is best cashout in my local currency and depend on residence
 but if we need cashed-out fiat currency in payment gateway are like perfect money, advicash and other
https://bitconvex.com/ will become best choice because of it is simple,low fees and no id needed when use this service.
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March 06, 2017, 03:39:54 PM
 #246

Here in my country its easy to cashout my bitcoin into fiat. There are many ways here to cashout your bitcoins easily that is thru bank, remittance center and cardless atm. What i did was I didnt cashout all, I save bitcoin always in my wallet so that its easy to apply any investment if theres any. Finally, you can find other person who wants to buy bitcoin in exchange of your local currency just to cashout.
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March 06, 2017, 05:37:31 PM
 #247

In my country localbitcoins is the best site to cash out my bitcoins as I find both traders there who transfers money to your bank account or you can even get hard cash by selling your bitcoins and it hardly takes few minutes for transactions apart from that I have never used any other site for cashing out my bitcoins.

Its is best site where you can exchange where ever in the world and some other exchange sites also there. Other than that trading site help, you can buy a btc debit card and can use the debit card to use in a regular ATM.
Converting Bitcoins to fiat from local exchanger is bit risk, the converted money will come to our bank account. So the transaction will be noted. In some countries the govt will track all the transactions. If they find you are earning money from Gambling it's a big problem for us. But the Bitcoin Debit card is really good way to cash out. But in many countries we don't have this opertunity.
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March 06, 2017, 07:34:04 PM
 #248

Fortunately I have always found people interested in buying my coins with local currencies, this way I avoid paying any fee to cash out my coins, but in the event that this option is no longer applicable I would opt to choose my Xapo debit card to withdraw some money.
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March 07, 2017, 09:47:44 PM
 #249

Currently i'm exchange all my bitcoin to paytm cash. So, that i can withdrew it to my bank account whenever i want as well as i'm paying mymobile bills via paytm.

Sometimes i'll use mycelium wallet to buy/sell bitcoin,its actually rare case.
Its good that you do exchange but in other country exchanging is impossible. Here in my country there is an app called coin.ph where you can store all your bitcoin here. Because its a wallet at the same time . You can buy load ,pay bills and even convert your bitcoin to currncy. Transaction is kuch easier. In fact you can do some trasaction on this wallet. So no need to cash out you can earn while spending your btc on a wallet .
in our country we also have exchanges through which we can cash out our bitcoin very quickly. to me i think it do not take more than a hour or two to cash out our bitcoin here in my country.
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March 08, 2017, 01:33:08 AM
 #250

In my country localbitcoins is the best site to cash out my bitcoins as I find both traders there who transfers money to your bank account or you can even get hard cash by selling your bitcoins and it hardly takes few minutes for transactions apart from that I have never used any other site for cashing out my bitcoins.

Its is best site where you can exchange where ever in the world and some other exchange sites also there. Other than that trading site help, you can buy a btc debit card and can use the debit card to use in a regular ATM.
Use the bitcoin atm will take a lot of the fees, And i have tried to use it but it cost over a dollar just to take my money from the bitcoin atm and i never use it again and it's not the recommend method, dude.
Through the local exchange is much better rather than it.

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March 09, 2017, 12:29:55 AM
 #251

Use the bitcoin atm will take a lot of the fees, And i have tried to use it but it cost over a dollar just to take my money from the bitcoin atm and i never use it again and it's not the recommend method, dude.
Through the local exchange is much better rather than it.

Fees to buy and sell bitcoins at BTC ATMs are usually high but if you get a bitcoin debit card you can top it up with your bitcoins and you will pay nothing if you buy with it in physical and internet shops, you will pay fees only if you withdraw cash with it at a regular ATM.

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March 09, 2017, 01:45:22 AM
 #252

The best way to cash out some of your bitcoins is through localbitcoins, you can just wait until someone accepts a deal and you can charge a premium for selling your bitcoin instead of paying the exchanges that amount, besides it is easy and you can get your money in cash or your bank account.
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March 10, 2017, 04:07:01 PM
 #253

Was just wondering actually, cause like every 'shop' that buys your btc takes so much percentage on it... Any better suggestions?
Go on a site like bitquick.co to sell your btc for cash or go on paxful.com to buy gift cards. They’ve both got solid escrow/mediation services, if you’re worried about security.

But the best thing is that you can mark it up a lot more than what you could just selling it on an exchange like coinbase. I’ve seen prices on bitquick equivalent to $100 more per btc over market price. You can really make some money on paxful too--some $100 gift cards go for a third of that.

It sucks hard to sell a gift card there, but anybody with BTC who’s buying stuff walks away with a deal.
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March 11, 2017, 08:44:27 AM
 #254

Localbitcoins is the best option all over the world.If you know a person dealing in bitcoins,you could directly sell to him.
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March 11, 2017, 09:13:42 AM
 #255

Localbitcoins is the best option all over the world.If you know a person dealing in bitcoins,you could directly sell to him.
Yeah I agree so. However, if your local area supports Bitcoin, I bet that they have created many different platforms in order to help people transfer, sell and buy Bitcoin online with local people. Moreover, with these platforms, it will be much easier for people to communicate in the same language and problems will be solved quickly
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March 11, 2017, 02:25:30 PM
 #256

It actually depends on the country which you live in. The best way is to sell them to your friends who need it in exchange to your local fiat.  Smiley

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March 11, 2017, 02:55:19 PM
 #257

I'm cashing out my bitcoins by selling it to the person that i know. I'm more like selling bitcoin in person rather than online because it is safer for me because i will meet the buyer in person then after the payment then i will just send the bitcoins and all my transactions was smooth and fast and that is the kind of way that i found best as of now.
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March 12, 2017, 05:59:45 PM
 #258

Was just wondering actually, cause like every 'shop' that buys your btc takes so much percentage on it... Any better suggestions?

I think that would be depend on the country you belong. Due to not all country had the same way of accepting the concepts of bitcoin. Like here in my place we had rebit.ph where we can cash out our bitcoin anytime we want.
The country determines the cash out methods readily available and the security level of any of the methods you want to engage. Some methods transaction fee are also cheaper than the others, consider these

In my country, I use a XAPO card to cash out very quickly. I know they have a fee for each withdrawal, but it is more convenient using this card to cash out whenever I need money. I think to convert bitcoins to fiat all services will have some fee but as you said some may charge smaller fee. But I find it so far XAPO is good for me need.
although i am using xapo wallet, but we do not have the facility to use xapo card in my country. i think they do not have service in our county, but i am using urdubit. i think it is one of the best service in our country, it provide us a very good service i can cash out my money with in 4 working hours, for every time i found their service as good and convenient.
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March 13, 2017, 03:10:36 AM
 #259

I usually cashout my bitcoins by selling them on Kraken and receive EUR through sepa transfer and I have them the next working day with only 9 cents fee. Occasionally I also use a Spectrocoin debit card loaded with bitcoins or DASH.

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March 13, 2017, 04:21:05 AM
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I'm cashing out my bitcoins by selling it to the person that i know. I'm more like selling bitcoin in person rather than online because it is safer for me because i will meet the buyer in person then after the payment then i will just send the bitcoins and all my transactions was smooth and fast and that is the kind of way that i found best as of now.
Yeah the in person trades are much better though not everyone has the luxury of having local traders because still bitcoins are petty limited to certain countries and cities.
Moreover there are countries where if you are caught trading bitcoins you might face some serious offenses and hence people avoid dealing face to face. I myself never do much trades face to face.
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