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Author Topic: What is the best way to cashout your bitcoin now?  (Read 27843 times)
yoona (OP)
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March 22, 2016, 03:24:09 AM
 #1

Was just wondering actually, cause like every 'shop' that buys your btc takes so much percentage on it... Any better suggestions?
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March 22, 2016, 04:03:46 AM
Last edit: March 22, 2016, 09:30:47 AM by Jeremycoin
 #2

Trade your Bitcoin to someone near you, or just use localbitcoins because they must not take so much percentage of it.




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March 22, 2016, 04:07:35 AM
 #3

Best way to cash out would be to exchange it if time is of the essence, but if you are more interested in just moving your Bitcoin into fiat then I would recommend something like localbitcoins, as was said by others in this topic.
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March 22, 2016, 04:19:44 AM
 #4

localbitcoin will be match better and also a hassle free it will be depend on your deal, i also do it thru bank transfer though there's some percentage but it is an easily transfer transaction no need to go the itself if you do set up your bank account.

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March 22, 2016, 04:58:37 AM
 #5

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

Obviously, When you transfer the Bitcoins in your local currency , they will charge you particular amount  to convert into your local currency. It is now because not many options are available to withdraw BTC into local currency. 
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March 22, 2016, 05:10:31 AM
 #6

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

In my country there are a shop that accepted exchange bitcoin into fiat, and the percentage is small than any shop. So it's more better cashout on that shop than online shop.
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March 22, 2016, 05:56:19 AM
 #7

In my local exchange there is a way to to make our btc into a voucher then we can sell the voucher to other people. This way is better than withdraw it to FIAT because we dont have to pay the withdrawals fee.

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March 22, 2016, 06:01:03 AM
 #8

Best way it has to be using a local exchange that is limited to your country only, instead of those that are available for many countries since with it's user limit, there's some benefits for those eligible users as well. I use a local exchange in my country that the more I exchange, the more bonus I receive that I could use one's I decide to alternate the process and buy coins other way around. If there's non from where your residing, then your best bet would be localbitcoins as mentioned by few others above me.

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March 22, 2016, 06:10:16 AM
 #9

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.
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March 22, 2016, 06:15:11 AM
 #10

I haven't cashed out my bitcoins yet. I always spended my bitcoin for online shoppings and buying things. but I think best to of cash out bitcoin is to trade them with someone near you. give him your bitcoin and get local currency from him.. 
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March 22, 2016, 06:17:43 AM
 #11

cash bitcoin through this forum's tradders. there are so many traders who accept bitcoins and give paypal and other e-currency . this is the best way of exchange bitcoin in dollars. but you can also use localbitcoin which is accepted world wide and almost from every where you can cashout your money.
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March 22, 2016, 06:28:26 AM
 #12

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

cash bitcoin through this forum's tradders. there are so many traders who accept bitcoins and give paypal and other e-currency . this is the best way of exchange bitcoin in dollars. but you can also use localbitcoin which is accepted world wide and almost from every where you can cashout your money.

Doing trading with fourm traders is ok but dont deal with paypal as this option is reversible , it is much better that you can go for your local exchanges to sell your bitcoins , if you dont have local exchanges then what like other told go for localbitcoins.com site they have good escrow system and the offer their for selling is also good. I use to deal in localbitcoins

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March 22, 2016, 06:33:31 AM
 #13

Why do you want to cash out? Rather spend it in it's current form at shops and online merchants accepting Bitcoin as a payment method. The difference between fees at exchanges and the increased cost, if you buy from people on Localbitcoins are the same, so the best method to avoid the fees, would be to spend it. You could signup with Purse.io and even get discounts on your purchase. You make it sound as if you gambled with Bitcoin and
now you want to cashout.

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March 22, 2016, 07:00:01 AM
 #14

Don't you guys have something like coins.ph in your country?
We have this site which we can cash out our btc going to our banks and local remittance services.  it does the job well for certain amount to pay to which transactions are processed in a day.









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March 22, 2016, 07:04:03 AM
 #15

I would recommend localbitcoins. The best way is to find someone from your country there then you can easily agree everything. It works the best for me.

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March 22, 2016, 07:09:47 AM
 #16

I always use Kraken exchange for my cash outs.. It is one of the most reliable exchanges out there with a solid reputation. In addition it only charges the trading fees and you get the market price for your coins.
When withdrawing they charge a very small fee for a SEPA withdrawel, atleast in the EU. I don't think you can get it much cheaper than this method anywhere.

Unless you are ofcourse willing to go and trade it face to face with someone, than you might even be able to make a premium on your coins by charging the buyer over market price, but this involves a small risk and takes way more time. So unless you are willing to do something like that, I'd use Kraken.

Finally, in the Netherlands we have services like bitonic that allow buying and selling of you coins directly through your debit account. If you are selling you just send the coins and within a few days you have the cash. This does cost a few % on market price though, so I wouldn't recommend it unless you need the cash desperately.
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March 22, 2016, 07:10:54 AM
 #17

Well for me, sports betting Smiley

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March 22, 2016, 08:09:12 AM
 #18

What's wrong with using the sponsor in your sig. If they are no good, then why are you promoting them?

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March 22, 2016, 08:40:17 AM
 #19

The best and easiest way to cashout bitcoins is undoubtedly to use an exchange and withdraw to USD directly or using another method like localbitcoins.
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March 22, 2016, 09:08:04 AM
 #20

If you are looking for exchange you can try here https://perfectmoney.is/business-partners.html
You can find the best exchange site their just choose high trust score with below fee or rate..
I hope it helps..

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