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Author Topic: Where can I withdraw bitcoin?  (Read 1049 times)
Ricky99999
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March 01, 2017, 06:19:11 AM
 #1

Where can I withdraw bitcoin in cash?

Instead of transferring money straight into a bank account. Is there a bitcoin ATM that allows withdrawals? I have only seen two machines currently and they only accepted deposits. Or is there some kind of shop I can go to?

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March 01, 2017, 06:25:36 AM
 #2

Where can I withdraw bitcoin in cash?

Instead of transferring money straight into a bank account. Is there a bitcoin ATM that allows withdrawals? I have only seen two machines currently and they only accepted deposits. Or is there some kind of shop I can go to?



You need to state more details concerning the location you are, Where I am, even the ATM machines that you have the opportunity to over there, not one exist in this country but yet I still convert my bitcoin to cash when I want to use it. But either way, you might have to still use your bank account even if you use localbitcoin.com as the person ready to sell might be far away from your current location and you might as well be lucky. But at the same time you need to be careful.
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March 01, 2017, 06:50:21 AM
 #3

Where can I withdraw bitcoin in cash?

Instead of transferring money straight into a bank account. Is there a bitcoin ATM that allows withdrawals? I have only seen two machines currently and they only accepted deposits. Or is there some kind of shop I can go to?



I thought that there`s no ATM that will give you cash for bitcoins.It`s an interesting idea,but all the scammers and criminals will try to cheat the ATM and steal the money.
No,there`s no such shop,but it would be a great idea to create an offline marketplace, where bitcoin buyers and sellers meet in person and trade btc offline.

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March 01, 2017, 06:53:44 AM
 #4

I've used localbitcoins.com in the past to trade BTC/FIAT.
It's really easy to sell BTC in person, for cash, or wire, whatever you want Wink Just be carefull when doing in-person meetups. Pick a public place, and don't sell thousands at a time.

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March 01, 2017, 06:55:08 AM
 #5

Where can I withdraw bitcoin in cash?

Instead of transferring money straight into a bank account. Is there a bitcoin ATM that allows withdrawals? I have only seen two machines currently and they only accepted deposits. Or is there some kind of shop I can go to?



I thought that there`s no ATM that will give you cash for bitcoins.It`s an interesting idea,but all the scammers and criminals will try to cheat the ATM and steal the money.
No,there`s no such shop,but it would be a great idea to create an offline marketplace, where bitcoin buyers and sellers meet in person and trade btc offline.

There are bitcoin debit cards available to withdraw cash from all atm's. I use current XAPO card to withdraw cash, and in my country, I can withdraw money from any ATMs. But they will have some charges for each transaction, and also they limit each maximum transaction amount as well. But this card is also not woking in few countries and one of them I know is India. So you need to check their site before you can make any decision.

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March 01, 2017, 06:57:05 AM
 #6

You didn't mention the country so I will leave that to you, I suggest checking CoinATMradar , It contains every possible details about the bitcoin ATMs out there (fiat to crypto or crypto to fiat , country, location, etc...) and I believe It's the most complete list compared to Coindesk map and others.

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March 01, 2017, 06:59:29 AM
 #7

Where can I withdraw bitcoin in cash?

Instead of transferring money straight into a bank account. Is there a bitcoin ATM that allows withdrawals? I have only seen two machines currently and they only accepted deposits. Or is there some kind of shop I can go to?



Check if you can find someone in your country on this site: https://localbitcoins.com

Another possibility is this network: https://bitsquare.io

If possible, try to convince the people you want to pay in fiat to accept Bitcoin as a payment method.

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March 01, 2017, 07:05:10 AM
 #8

Where can I withdraw bitcoin in cash?

Instead of transferring money straight into a bank account. Is there a bitcoin ATM that allows withdrawals? I have only seen two machines currently and they only accepted deposits. Or is there some kind of shop I can go to?



You can but you need to find Bitcoin ATM Machine in your country. But I'm sure only few Bitcoin ATM Machine per country. Because many people don't know and Don't use it.



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March 01, 2017, 07:11:09 AM
 #9

I have no idea for that but sure you can contact ny trader and could then exchange your bitcoin and get real cash either through cash on hand or through bank account. because I follow this method and i do suggest the same.
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March 01, 2017, 07:27:09 AM
 #10

For the requirement of cash withdrawal directly without making deposit to the bank account is possible through ATM Machines and these ATM's are not found often. So to have perfect withdrawal anywhere it's good to find traders who accept bitcoin and provide cash. This is possible through face to face interaction where identity gets revealed.

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March 01, 2017, 07:33:02 AM
 #11

Send your BTC to some exchange like bitfinex or kraken to which you can cash out your btc to your bank through them. I'm really not sure about kraken if they allow such but I think bitfinex does. All you need is to set up your bank account in your bitfinex account. You will need to verify your information with some IDs by the way so get used to sending scanned IDs and maybe even selfie. The do require that sometimes  Grin 

If you can make deals here in the forum it would be much easy like selling your btc for paypal funds and then withdraw your paypal funds to your bank.



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March 01, 2017, 08:21:27 AM
 #12

Hello everyone, I'll share my method of converting my bitcoin into cash. I transfer my bitcoins to my Coin Base wallet and then go to Coin Base website, login into my wallet, go to buy/sell section and then I sell a portion of my Bitcoins for PayPal balance. After that I login into PayPal and I withdraw a portion of my PayPal balance to one of my connected bank accounts with PayPal. I then wait a week and then go to an ATM and bam! I withdraw cash from my bitcoins!

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March 01, 2017, 08:36:11 AM
 #13

I think and are confident that there will be no tangible bitcoin is real, because the bitcoin is indeed made for digital or virtual activities. If you want to get money out of the bitcoin then you could obligated to exchange the bitcoin into currency real. Because that's all we can do now, because menyetuh hasn't been bitcoin most people in the world. If you don't want to get any loss in the bitcoin, then you can save it or notifying bitcoin on all the people you know in order for later growth is higher and can provide outstanding advances


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March 01, 2017, 08:40:16 AM
 #14

Hello everyone, I'll share my method of converting my bitcoin into cash. I transfer my bitcoins to my Coin Base wallet and then go to Coin Base website, login into my wallet, go to buy/sell section and then I sell a portion of my Bitcoins for PayPal balance. After that I login into PayPal and I withdraw a portion of my PayPal balance to one of my connected bank accounts with PayPal. I then wait a week and then go to an ATM and bam! I withdraw cash from my bitcoins!

When you sell bitcoin for paypal funds, who buys them? Is it coinbase themselves or a user on coinbase? I have no experience with coinbase so I'm not sure how it works there but from the reviews I've seen so far Coinbase isn't something worth trusting especially if its the users from coinase that buys these btc. But if it serves the purpose for which you can cash out BTC then its one of the ways.  Do they buy BTC base on preev's price?



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deadsilent
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March 01, 2017, 08:45:57 AM
 #15

First. We dont know where is your location. Its funny because you have bitcoin but you dont know where to withdraw it. Just try Localbitcoins.com, its very helpful. You can find someone whos willing to buy bitcoin near you. So theres no need of going in a far place just to withdraw your bitcoins or deposit it on bank.

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Soul Reaper
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March 01, 2017, 08:52:21 AM
 #16

There are many forums where you can get fiat in the exchange of bitcoins.
To name a few
Local bitcoins, bitstamp , zebpay, E-coin.
But for these you need to be adult (18>=) so that you have a valid bank account and pancard.
If you want to purchase something from Amazon or any other online shopping site
Or eat something from McDonald's , burger King etc you can go to zebpay etc and get
Online coupons from there and directly reedem them.
Hope you have a nice experience:).

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March 01, 2017, 08:54:51 AM
 #17

To answer correctly the question you ask will be hard without knowing the country you reside because a lot of countries currently had active bitcoin ATM. Meanwhile, if you're from Japan, UK, Canada, Brazil, Russia I think you can find some bit coin atm there , you search online for more information or you can contact bit coin trader him Snow White or Theresa White(alex2012) for deal. Hope that will help.










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March 01, 2017, 09:00:02 AM
 #18

I too have been wondering when they will install an ATM that allows you to withdraw in my area, I have only seen two so far and they have all been purchasing only.

Your best option without going down the bank account route would be localbitcoins or using a debit card, most if not all of the debit cards will charge an issuance fee though.

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March 01, 2017, 09:03:03 AM
 #19

Hello everyone, I'll share my method of converting my bitcoin into cash. I transfer my bitcoins to my Coin Base wallet and then go to Coin Base website, login into my wallet, go to buy/sell section and then I sell a portion of my Bitcoins for PayPal balance. After that I login into PayPal and I withdraw a portion of my PayPal balance to one of my connected bank accounts with PayPal. I then wait a week and then go to an ATM and bam! I withdraw cash from my bitcoins!
Really, can you more detail about the steps, and Coinbase service only available for US citizen, so OP still need to say about his current location so member in this forum can giving to him more detail about the step, how for him to withdrawal bitcoin to his bank account. If you are new for  Bitcoin is better to use service from member in this forum you just search member who have same country with you, search in this section https://bitcointalk.org/index.php?board=53.0.


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March 01, 2017, 09:06:59 AM
 #20

Where can I withdraw bitcoin in cash?

Instead of transferring money straight into a bank account. Is there a bitcoin ATM that allows withdrawals? I have only seen two machines currently and they only accepted deposits. Or is there some kind of shop I can go to?


I am not sure that in the practical world there exists any bank or atm matchine that officially accepting bitcoin .
At least the country in which I am living has no bank for bitcoin .
But have a option of zebpay wallet and coinbase .
If you are from the india then may be I can help more .

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