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Author Topic: Bitcoin To Cash - What's the best and fastest way??  (Read 3907 times)
TheBitcoinBoy (OP)
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February 25, 2017, 09:20:55 PM
 #1

What possibly could be the best way to get Cash in hand for your Bitcoins? Maybe in one country or to another.
Keep the safety and speed of the transaction in the mind.
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February 25, 2017, 09:28:26 PM
 #2

What possibly could be the best way to get Cash in hand for your Bitcoins? Maybe in one country or to another.
Keep the safety and speed of the transaction in the mind.


You can sell in this forum by opening the sale thread or else you can go to localbitcoins a bitcoin local selling exchange where you will find lot of users who are dealing in cash in hand just you have to contact your country users and deal with them, but just be careful of taking some precautionary steps before dealing in cash in hand and do trading.
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February 25, 2017, 09:32:34 PM
 #3

Now trading and exchange service providers were also experiencing same delay in transaction confirmation. The same is due to the high number of users trying to convert bitcoin to cash as the price is found to be at the ATH. Hope the congested sale orders will soon be made under control for better service availability.

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February 25, 2017, 09:48:31 PM
 #4

Now trading and exchange service providers were also experiencing same delay in transaction confirmation. The same is due to the high number of users trying to convert bitcoin to cash as the price is found to be at the ATH. Hope the congested sale orders will soon be made under control for better service availability.
Delay in transaction confirmation is actually a problem. You may be able to do this faster if you exchange Bitcoin for Litecoin, since theoretically the currency must present confirmation four times faster. Then you exchange it for fiat currency.
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February 25, 2017, 09:49:20 PM
 #5

This depends on how you define "best way". If you want to be anonymous then i would trade face to face rather than on an exchange. Exchanges seem to be safer on the other hand as you are not forced to meet someone you might not know with unknown intentions.

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February 25, 2017, 09:50:21 PM
 #6

have a debit card ready, deposit coins, withdraw from an atm. and as long as you choose a reputable card provider you don't have to interact with anyone else.
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February 25, 2017, 09:50:39 PM
 #7

What possibly could be the best way to get Cash in hand for your Bitcoins? Maybe in one country or to another.
Keep the safety and speed of the transaction in the mind.

Am I misunderstanding? But, you asked for the best way to convert bitcoin into cash, right?
Depends on where do you live? I believe in every country may have different way. the first time I convert my bitcoin through local exchange, you can find them in your local section or search in google/facebook. I live in Asia and there is an African exchange called bitx or Luno (now), where I can buy or sell bitcoin to get cash.
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February 25, 2017, 09:54:20 PM
 #8

That depends on your personal circumstances, how much you're exchanging and maybe where you live as well.

If you're looking for convenience in an urban area, a Bitcoin ATM might be a good idea, although the fees could be a bit high.  You could also try an online exchange such as Bitstamp or BTC-e if you're looking to do it at home, but if you want cash in hand literally then that won't be the choice for you.

If you're looking for anonymity, the best way is probably to go on a P2P exchange where you can meet in person - the biggest of which is Local Bitcoins, and you could do a cash transfer in person.  Do not use these exchanges to exchange Bitcoin online, especially not with Paypal, as chargebacks can occur.  Also make sure to meet in a public place with a trusted buyer.

In-person exchanges might be best if you're selling a lot as it'll stop fees from third parties.  Although to be fair the fees with online exchanges aren't necessarily a lot, but it'll be as a percentage so if you're selling a large amount it could be annoying.

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February 25, 2017, 10:14:03 PM
 #9

If I remember right, coinbase used to offer a bitcoin to bank, wire transfer service.

You could transfer your bitcoins to coinbase and cashout $$$ to a bank account.

Does no one use it anymore?

Maybe I'm not remembering correctly, I haven't actually been on coinbase in something like 3 years.
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February 25, 2017, 10:16:54 PM
 #10

If I remember right, coinbase used to offer a bitcoin to bank, wire transfer service.

You could transfer your bitcoins to coinbase and cashout $$$ to a bank account.

Does no one use it anymore?

Maybe I'm not remembering this correctly?

But coinbase have some limitation of using only in certain country as they are not allowing some country users to use coinbase for trading , they can just use it for web wallet like i am from india using coinbase as web wallet and we cannot trade in coinbase.
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February 25, 2017, 10:26:24 PM
 #11

What possibly could be the best way to get Cash in hand for your Bitcoins? Maybe in one country or to another.
Keep the safety and speed of the transaction in the mind.


You can sell in this forum by opening the sale thread or else you can go to localbitcoins a bitcoin local selling exchange where you will find lot of users who are dealing in cash in hand just you have to contact your country users and deal with them, but just be careful of taking some precautionary steps before dealing in cash in hand and do trading.

I think exchange bitcoin for cash in hand is better with trusted sellers. you can ask about them in your local sections here. then you can meet him and exchange your bitcoins. I wonder why would you exchange your bitcoins for bitcoin?

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February 25, 2017, 10:45:49 PM
 #12

What possibly could be the best way to get Cash in hand for your Bitcoins? Maybe in one country or to another.
Keep the safety and speed of the transaction in the mind.

Get your bitcoin debit card and use bitcoin atm to withdraw your money or you can use it everywhere and anytime with the visa or mastercard support. You can withdraw it on the normal atm ( the fees is actually high)
With the enough safety and the fast speed. But you must pay more for the fees.

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February 25, 2017, 11:20:21 PM
 #13

Why u don't just sell in localbitcoins to your bank account and then go to an ATM?  in my country selling in LB takes like 5  minutes, the real issue is when u go to the ATM

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blackhawkeye1912
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February 25, 2017, 11:56:45 PM
 #14

What possibly could be the best way to get Cash in hand for your Bitcoins? Maybe in one country or to another.
Keep the safety and speed of the transaction in the mind.


If there is a debit card it would be fast transaction and it depend on the country also. or if you know the person itself you can transact directly to the person.
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February 25, 2017, 11:57:22 PM
 #15

What possibly could be the best way to get Cash in hand for your Bitcoins? Maybe in one country or to another.
Keep the safety and speed of the transaction in the mind.


You can sell in this forum by opening the sale thread or else you can go to localbitcoins a bitcoin local selling exchange where you will find lot of users who are dealing in cash in hand just you have to contact your country users and deal with them, but just be careful of taking some precautionary steps before dealing in cash in hand and do trading.
localbitcoin when you want to keep yourself anonymous ,
and face to face payment when you don't care anymore about to transact anonymously ,
this forum very helpful to find the one who will fill your request.
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February 26, 2017, 02:19:00 AM
 #16

Sell on Localbitcoins for cash, or for a cash deposit to your bank account. Then you can have cash in your hand as soon as the dust settles. Personally I use Paypal, and have never had a chargeback, and since I have the paypal debit card I'm able to get cash minutes later.

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February 26, 2017, 03:25:02 AM
 #17

What possibly could be the best way to get Cash in hand for your Bitcoins? Maybe in one country or to another.
Keep the safety and speed of the transaction in the mind.


You can sell in this forum by opening the sale thread or else you can go to localbitcoins a bitcoin local selling exchange where you will find lot of users who are dealing in cash in hand just you have to contact your country users and deal with them, but just be careful of taking some precautionary steps before dealing in cash in hand and do trading.
If you are pointing on converting bitcoin to money you may think that it's hard because in some transaction there are some difficuilties. But i would like to share an application here in my country called coin.ph , ih this app you can pay bills,buy load or even convert bitcoib to money. In buying loads you may cash out the money in buying loads for others just like in paying paying bills to other. That's the fastest way to take out the money out of bitcoin. And if you used coin.ph there's a 5% in every load you buy . So you are earning while you having money.
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February 26, 2017, 03:30:44 AM
 #18

I think now we should refrain from creating new transactions. Please wait until all transactions are confirmed and we can trade normally. Now, I think, even if you pay high fees for transactions, they also can not be processed, because the number is too large, and they are trapped





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February 26, 2017, 03:35:55 AM
 #19

It will be just a website wallet that could help with trading it to cash. First, make sure that the certain website wallet is connected to a bank in your country. They will provide account number and pin for you to withdraw it easily. This is only the easiest way that I know for now.
Maybe some day it could be upgraded with a bitcoin ATM which needs someone to put a lot of capital to create it.

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Tyrantt
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Need some spare btc for a new PC


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February 26, 2017, 04:05:03 AM
 #20

If you're from Serbia, I can suggest you one amazing local exchange office but if you're from anywhere else, well exchange section on this forum is good too and also localbitcoins are good too, tho I've never used it.

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

BTC - 19qm3kH4MZELkefEb55HCe4Y5jgRRLCQmn ♦♦♦ ETH - 0xd71ACd8781d66393eBfc3Acd65B224e97Ae1952D
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