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Author Topic: Is there a safe way of converting BTC to FIAT and getting them into your account  (Read 560 times)
aikklond (OP)
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April 20, 2013, 01:11:47 PM
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Hello. I was just wandering if someone wants to convert some of his BTC to USD or EUR and draw them to his bank account, how could this be done?

Is there a way of doing so in the European Union?
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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naphto
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April 20, 2013, 01:14:17 PM
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https://mtgox.com/
https://bitcointalk.org/index.php?board=53.0
nomnomnom
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April 20, 2013, 01:18:38 PM
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In the EU I can recommend https://bitstamp.net. They support SEPA transfers.
They trade in USD, but if you withdraw or deposit it gets converted on current EUR/USD exchange rate.
JaneY
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April 20, 2013, 01:36:22 PM
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BTC is the currency of the future, why would you transfer BTC to FIAT, should be the other way round.
aikklond (OP)
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April 20, 2013, 01:37:51 PM
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So you can link a bank account with them and they pay you in Euro for what you have sold ontheir site?
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April 20, 2013, 01:41:46 PM
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So you can link a bank account with them and they pay you in Euro for what you have sold ontheir site?

I use www.bitcoin-central.net it is EU exhange with bankstatus it works very easy only €0,99 transfer fee any amount to your bankaccount..in 24-48hours...

 Wink

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aikklond (OP)
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April 20, 2013, 02:33:05 PM
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I will sign in. Do you know what verificationthey ask for linking a bank account?
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April 20, 2013, 02:41:37 PM
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I will sign in. Do you know what verificationthey ask for linking a bank account?

You can fill in a form on the site to verify your bankaccount it takes 1 or 2 days to compleet, I think there is a limit <500€ without a verified account also but i am not sure you can check the site...

GL

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sohaib38
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April 20, 2013, 04:36:17 PM
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Yes this part is a hassle and I'm trying to figure out the best way to do it myself. I think Bitstamp is the best way to do in Europe but I'm not sure how to do it in the USA.  I could go with Mt Gox to Dwolla but takes a lot of verification and such. 
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April 20, 2013, 04:37:08 PM
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Could always sell privately via Bank Transfer in the market here.
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