I just discovered Bitcoin about a week ago and have been mining since
There is one big problem for me though (and many other people too). How do I get my Bitcoins converted into my native currency?
A lot of the ways of doing this seem to be tied to the US. I'm in South Africa, and there appears to be no easy way to do this.
So far, one of the most promising approaches appears to be converting Bitcoins into a Payoneer Debit card refill. However, thus far I have found no way to get a Payoneer card that isn't tied to a specific vendor's product.
The only other way seems to be: MtGox -> Liberty Reserve (some say this is dodgy?) -> Paypal (even more problems I read) -> SA Bank account.
This path introduces many..many fees.
Am I missing something here?
Liberty Reserve is DEAD .. you should have read up first about LR