Hi there I'm new to Bitcoin I was just wondering if you coul point me in the cheapest easiest way to sell Bitcoin and withdraw the money to a bank account.
Or is there a cash service anywhere?
Thanks if you can help.
I'm new as well, but have an advantage in that I've got 50 yrs in IT and 20 years in finance/banking, although now I'm retired on a partial disability. Anyway...I found only today that PayPal is still aggressively blocking anything having to do with BTC, or any cryptocurrency, in any transaction. This advice came from CEX, and then PayPal, when I tried to link my exchange account to a PayPal debit card. I had not done my own due diligence by checking on the PayPal rep before trying it. I have used them for years, and will continue to...but obviously not for this.
It would appear at this point that my partner and I will have to open a joint bank account for the specific purpose of operating our small mining farm, and then link that account's debit card to the exchange for deposits. We'll have the opportunity to query the local bank managers (whom all know us, fortunately) so we don't waste time on a bank that has their head back in the 20th century...
Bottom line...I'm registered with CEX.IO (that's the website) and, so far, have been OK with their professionalism, thorough security protocols, etc. Their rates for selling BTC are comparable, and actually better than most. Just a few minutes ago they were paying $87 for 0.20 BTC (about 2.5% commission). If the bank allows the direct deposit to either the account or the debit card, there should not be any further charges unless the bank chooses to apply an "international transaction" charge (very minimal).
Dunno if that helps...this forum has helped me a great deal.
