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Author Topic: Selling Bitcoin = nightmare  (Read 1692 times)
Malooka
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July 26, 2016, 07:23:54 PM
 #1

I am in a position where I need to sell 3-4 BTC to handle some health issues.

It's impossible.

Coinbase is a fraud and I do not trust them with my bank information after they scammed me years ago.

Localbitcoins is not much better.  I bought several BTC on there last year and early this year.  Some idiot gave me the wrong name to send to, so I had to go back to Moneygram in person and change it for them.  After I left negative feedback, he labeled ME a "scammer."  I am on "forced holiday" now and have been for months, even though I've never attempted to do anything dishonest.

eBay is worse.  Sold .5 on there - to some scamming idiot who sent me a fake Illinois driver's license scan - it had a woman with a Louisiana address and listed her at 6'4", 245lbs.

Local Craigslist ad.  Waste of time.  No replies.

How the hell do I get MONEY for these?  It's worthless if you need cash fast. I've run an online business for over 10 years, have great eBay feedback, etc. 

US resident, veteran.

Not a scam artist.
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July 26, 2016, 07:30:23 PM
 #2

Seriously don't you have more solid exchanges beside Coinbase in the US? I heard there are many, including fully regulated by BitLicense like Gemini.
Why people are using Coinbase, despite I hear everyday that someone is crying about his wallet/account blocked by them?

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July 26, 2016, 07:31:22 PM
 #3

It sounds like you haven't tried very many exchanges that are dedicated to Bitcoin, aside from not trusting Coinbase and LocalBitcoins. there are some other exchanges that exist that you could try, like Bitstamp and BTC-E, however I haven't used them personally so I recommend you go and check what they have to offer first. I personally think Bitstamp might be one of the better options for you to check first.
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July 26, 2016, 07:33:13 PM
 #4

have you tried one of them btc prepaid cards? you can withdraw at atm.

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
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July 26, 2016, 07:36:00 PM
 #5

Overseas exchange with an international wire to cash out.
Malooka
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July 26, 2016, 07:42:46 PM
 #6

have you tried one of them btc prepaid cards? you can withdraw at atm.

No, I just looked up one and the terms are a real ripoff.
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July 26, 2016, 07:48:20 PM
 #7

Overseas exchange with an international wire to cash out.
Seriously, you don't need to do that if you are resident of the US. There are many ways to sell/buy BTC in US if you want to do it legally and don't have problem with KYC procedures.

Here is a list for serious exchanges/services where you can buy and also sell BTC: https://www.buybitcoinworldwide.com/en/us/


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July 26, 2016, 07:52:25 PM
 #8

KYC procedures are complete bullshit.

Just tried signing up with Gemini.  They want everything but a DNA sample.

Don't have a utility bill lying around (I try to pay my bills promptly) so can't scan one to sign up.

Next.
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July 26, 2016, 08:03:40 PM
 #9

You could try paxful.com,  there are many people there wiling to buy bitcoins for a range of payment methods as long as you make sure that you are trading with a trusted person you can get a great rate. Local bitcoins is similar to this.
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July 26, 2016, 08:08:04 PM
 #10

Sounds like you have had a bellyfull already, hope you can find a good, safe and reliable service to offload the rest of your BTC.
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July 26, 2016, 08:14:39 PM
 #11

Have you tried Coinimal ? They offer really good payment options for you when selling bitcoin like Skrill and Paypal. However without the utility bill you will not go that far as they will limit you greatly and without being verified the maximum amount you can sell there is 50 USD per day.




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July 26, 2016, 09:39:01 PM
 #12

Thanks for the Paxful recommendation, am trying it now.
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July 26, 2016, 09:53:49 PM
 #13

Why don't you use this forum? There are some traders here that trade for bitcoin and have a small fee for their work. You can choose the more reputable ones, but they might cost you more.


 
 
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July 26, 2016, 09:58:29 PM
 #14

I am in a position where I need to sell 3-4 BTC to handle some health issues.

It's impossible.

Coinbase is a fraud and I do not trust them with my bank information after they scammed me years ago.

Localbitcoins is not much better.  I bought several BTC on there last year and early this year.  Some idiot gave me the wrong name to send to, so I had to go back to Moneygram in person and change it for them.  After I left negative feedback, he labeled ME a "scammer."  I am on "forced holiday" now and have been for months, even though I've never attempted to do anything dishonest.

eBay is worse.  Sold .5 on there - to some scamming idiot who sent me a fake Illinois driver's license scan - it had a woman with a Louisiana address and listed her at 6'4", 245lbs.

Local Craigslist ad.  Waste of time.  No replies.

How the hell do I get MONEY for these?  It's worthless if you need cash fast. I've run an online business for over 10 years, have great eBay feedback, etc. 

US resident, veteran.

Not a scam artist.

I assume there must be some bitcoin atm near your location.Try and locate them or you can use this forun to find some reputable buyer.You can choose to sell 1 by 1 to prevent big loss in case a buyer didnt pay or scammed you
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July 26, 2016, 09:59:33 PM
 #15

It's not the first complaint related to coinbase. I don't know if there's authenticity in it, but this is getting worrying.
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July 26, 2016, 10:14:28 PM
 #16

Paxful is OK so far.  Found a trader who paid well, covered the PayPal fee, and had 1000+ positive transactions with zero negative.

No Bitcoin ATMs near me.

Coinbase scammed me years ago.  I confirmed all their bullshit, bought a few hundred dollars worth, the price skyrocketed, and suddenly I was "unsafe" - after the money was already in their account.  I ended up with zero BTC and waited days to get my money back.  Never again.
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July 26, 2016, 11:09:15 PM
 #17

I should move away from coinbase as fast as I can. I have an account with them, stored some satoshis in their online wallet, they were recommended to me so I assumed they must be good Roll Eyes

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July 27, 2016, 02:08:48 AM
 #18

I've used coinbase several times and never had a problem, but if they scammed you, then maybe you shouldn't use them. Consider selling them to someone you know that is into bitcoin or maybe sell to a trusted member of this forum.
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July 27, 2016, 02:13:31 AM
 #19

PM sent.

Cast12
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July 27, 2016, 03:16:33 AM
 #20

I've used coinbase several times and never had a problem, but if they scammed you, then maybe you shouldn't use them. Consider selling them to someone you know that is into bitcoin or maybe sell to a trusted member of this forum.
He did say that he wasn't using them now. But you do have a point, anyways, have you heard about snapcard.io?
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