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Author Topic: What is the best way to cashout your bitcoin now?  (Read 27843 times)
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November 13, 2016, 03:03:38 PM
 #81

In our local exchange we can choose the option of cardless ATM without fee, so even we don't have a bank account we can cashout our stored money in the wallet with no hassle. All we just need to do is to verify our Identity.

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November 13, 2016, 03:37:50 PM
 #82

In our local exchange we can choose the option of cardless ATM without fee, so even we don't have a bank account we can cashout our stored money in the wallet with no hassle. All we just need to do is to verify our Identity.

I don't know this feature yet.
The best way to csahout the btcs for me is on local exchange too, but I need a bank account to send the money to there. It's the best way because the local exchange is a trusted one and make all the service for you for a little fee.
And you can have the btcs converted to your currency very fast on your bank, it's the perfect extra income every month.

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November 13, 2016, 04:15:22 PM
 #83

If you are using coinbase and you leave in the u s they can deposit it into yr bank account exchange services like virwox is trying to introduce a deposit system into bank account with low fees
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November 13, 2016, 04:23:57 PM
 #84

In our local exchange we can choose the option of cardless ATM without fee, so even we don't have a bank account we can cashout our stored money in the wallet with no hassle. All we just need to do is to verify our Identity.

I don't know this feature yet.
The best way to csahout the btcs for me is on local exchange too, but I need a bank account to send the money to there. It's the best way because the local exchange is a trusted one and make all the service for you for a little fee.
And you can have the btcs converted to your currency very fast on your bank, it's the perfect extra income every month.

The one you quoted is pointing in a bank service too and not with the local exchange directly. One of the banks here in our country (I think we are on same country) have a unique service of cardless withdrawals in any of their ATM branches. With their unique feature, the local exchange considered that as a good option. And now many of bitcoin users here in our country is enjoying the services since it has no fees and less hassle.

Of course since they are dealing with the money for their users to be able to use that feature, customers must at least follow the KYC rules.

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November 13, 2016, 04:48:22 PM
 #85

it depends on your country of residence
many use localbitcoins,try it out
there are popular exchanges that allow you to withdraw to your bank account visa/mastercard
for example: Btc-e,Poloniex
you will need proof of identity in most cases,so prepare your driving license and a utility bill

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November 13, 2016, 04:55:41 PM
 #86

I think the best way to cashout bitcoin is to convert it to ready to spend fiat money.  It is always advisable to have a spendable money in the pocket or in your savings.  The reason is that, we never know when we will need it.  So having it as a reserver and be able to spend it anytime anywhere is a good thing to do.  With that I think cashing out in localbitcoin gives you more option to cashout at a higher price.
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November 17, 2016, 08:16:01 AM
 #87

I think the best way to cashout bitcoin is to convert it to ready to spend fiat money.  It is always advisable to have a spendable money in the pocket or in your savings.  The reason is that, we never know when we will need it.  So having it as a reserver and be able to spend it anytime anywhere is a good thing to do.  With that I think cashing out in localbitcoin gives you more option to cashout at a higher price.

Best way to cash out bitcoin is possible through different trading and exchange websites. Another way is to use it directly for purchase of goods that's available for bitcoin. Other than this right now finding a trader around your locality and change. The last method is possible only in limited cities or regions.

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November 17, 2016, 08:51:30 AM
 #88

The  best way to cashout your  bitcoin could  be  possible   to do  directly on  your  local   bitcoin wallet  provider  like here  on  my country  i can simply   cashout  it   and exchange it  with  fiat  with ease and  no hassle and  no fees. I dont think if   its already available for some  country  . If   you can  spend  directly  your bitcoin on  buying into physical stores  then  its  also a  good  one. You could  also do  pear to peer  trading  but  its somehow risky.

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November 17, 2016, 11:08:23 AM
 #89

On CEX.IO, you can cash out your Bitcoins to your own credit card.

It is very simple:

1. Load Bitcoins to CEX.IO.
2. Sell Bitcoins for fiat money (USD, EUR, RUB)
3. Withdraw funds to your card instantly and use money right away.

Pay attention that withdrawals are instant and cheap, starting from $3.80 per transaction. Any VISA/MasterCard payment card in any currency is acceptable.
We will be glad to see you among our customers.
Let us know if you have any questions.

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November 17, 2016, 03:40:26 PM
 #90

The  best way to cashout your  bitcoin could  be  possible   to do  directly on  your  local   bitcoin wallet  provider  like here  on  my country  i can simply   cashout  it   and exchange it  with  fiat  with ease and  no hassle and  no fees. I dont think if   its already available for some  country  . If   you can  spend  directly  your bitcoin on  buying into physical stores  then  its  also a  good  one. You could  also do  pear to peer  trading  but  its somehow risky.

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November 17, 2016, 05:45:20 PM
 #91

Honestly i dont have enough idea what is the best way to cashout my bitcoin. But there's one thing i would recommend, the cardless atm instant payout, because my friend of mind already used it. He said that it is very easy to transact and you only need is to have a police clearance. The processing time is instant and the fees are free. It is more easy and convenient to use than in some remittances, like MLhuillier it spends 5-6 hours before you can cashout.
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November 18, 2016, 01:51:18 AM
 #92

You can sell on coinbase and the will deposit US dollars to your checking account. You can also buy from them from money in your bank account.

 
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November 18, 2016, 02:16:59 AM
 #93

Was just wondering actually, cause like every 'shop' that buys your btc takes so much percentage on it... Any better suggestions?
In my opinion the best way for the cashout of bitcoin in the present time is only LBC.com but if we need to cashout directly from the shop then it is not possible for everywhere  because bitcoin is not much published yet it needs more time to became famous .
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November 18, 2016, 05:09:58 AM
 #94

In our local exchange we can choose the option of cardless ATM without fee, so even we don't have a bank account we can cashout our stored money in the wallet with no hassle. All we just need to do is to verify our Identity.

That is also the same in our country. The only bad thing about that is you have to surrender your identity to them. So the anonymous advantage of bitcoin is already ruined. But it is really quick to exchange your bitcoin to fiat. So if you are in need of money, it is just a few click and you got money in an instant.
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November 18, 2016, 08:28:34 AM
 #95

Best way is to use your local bank's bitcoin exchange, of course if it don't has more higher fees than that shop you want to buy something. Another way is to use btc/usd exchange websites with low fees, also you can use UniPay if it's in your country, it has some fees but not much higher. And exchange without verifying your identify isn't possible as it was posted.

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November 18, 2016, 10:23:17 AM
 #96

In our local exchange we can choose the option of cardless ATM without fee, so even we don't have a bank account we can cashout our stored money in the wallet with no hassle. All we just need to do is to verify our Identity.

That is also the same in our country. The only bad thing about that is you have to surrender your identity to them. So the anonymous advantage of bitcoin is already ruined. But it is really quick to exchange your bitcoin to fiat. So if you are in need of money, it is just a few click and you got money in an instant.
verifying your identity will not going to be a problem as long as you don't violate any government's rules,if you do something illegal then you might worried because it,i'd suppose you to not violating any rules especially with bitcoin,because bitcoin is actually not fully anonymous,anything could be traced.

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November 18, 2016, 10:30:52 AM
 #97

Best way is to use your local bank's bitcoin exchange, of course if it don't has more higher fees than that shop you want to buy something. Another way is to use btc/usd exchange websites with low fees, also you can use UniPay if it's in your country, it has some fees but not much higher. And exchange without verifying your identify isn't possible as it was posted.

if there is any local bank for bitcoin exchange available then its fine but if there is not available, we need to search another option. i think the OP can visited on okpay.com because i see that on that site, many option we can choose for withdrawing our bitcoin and for withdraw into our bank account, it need 3-7 days like paypal. my suggestion is if you decide to use okpay.com then you need to verify your account.
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November 18, 2016, 02:42:54 PM
 #98

In our local exchange we can choose the option of cardless ATM without fee, so even we don't have a bank account we can cashout our stored money in the wallet with no hassle. All we just need to do is to verify our Identity.

That is also the same in our country. The only bad thing about that is you have to surrender your identity to them. So the anonymous advantage of bitcoin is already ruined. But it is really quick to exchange your bitcoin to fiat. So if you are in need of money, it is just a few click and you got money in an instant.
From what country are you? For me it is okay if I submit my Identity because our local exchange has privacy policy, they don't share the private information of their clients to another. So here in our country doesn't need to be anonymous.

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November 18, 2016, 05:42:32 PM
 #99


verifying your identity will not going to be a problem as long as you don't violate any government's rules,if you do something illegal then you might worried because it,i'd suppose you to not violating any rules especially with bitcoin,because bitcoin is actually not fully anonymous,anything could be traced.

Yes it is, if you do not have any illegal activities you do not have to worry. Those who are into fraudulent activities are being apprehended and under investigatons. Like for example in drug dealing, Hired killer etc.

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November 18, 2016, 06:18:49 PM
 #100

think bitcoin debit card
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