How do you convert BTC to USD, EUR or YUAN for profit?

[mynhpark]

Right after a huge increase in BTC price, some daily traders are tempted to convert BTC to local FIAT currency to make a profit.
There are many ways to do this, depending on your country of residence.

You can use either a Bitcoin debit card or a direct Bitcoin transfer to your local bank account. If you are in Europe you can use BITWALA
or Cashila for example, to convert from BTC to EUR and withdraw from your local bank account with your bank debit card.

You can also use the e-coin (or wirex) web terminal to convert from BTC to EUR and withdraw EUR with your e-coin or Xapo Bitcoin debit
card at any local ATM.

Whether you are in USA, Asia, Europe, Arabia, India, Africa, etc. which digital payment processor do you prefer, and why?

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[Maligmat09]

You can allways find a site where they exchange bitcoin to usd ..,,
or you can trade or sell your bitcoin for usd
The second way is through an online exchange, where your trade is with the exchange rather than another individual.The second way is through an online exchange, where your trade is with the exchange rather than another individual.
Find sites On these sites, you will usually have to register as a seller. This involves verifying your identity, which we will discuss again later. Once you have registered, you can post an offer, signalling that you want to sell, and the website will alert you when a buyer wants to trade with you. From there, your interaction is solely with the buyer, but you use the website to complete your trade.

Selling bitcoin in person can, in many ways, be the easiest way to pass on your digital currency. Simply scanning a QR code on another person's phone and accepting cash-in-hand is about as easy as a bitcoin transaction can get.

[Iranus]

Right after a huge increase in BTC price, some daily traders are tempted to convert BTC to local FIAT currency to make a profit.
There are many ways to do this, depending on your country of residence.

You can use either a Bitcoin debit card or a direct Bitcoin transfer to your local bank account. If you are in Europe you can use BITWALA
or Cashila for example, to convert from BTC to EUR and withdraw from your local bank account with your bank debit card.

You can also use the e-coin (or wirex) web terminal to convert from BTC to EUR and withdraw EUR with your e-coin or Xapo Bitcoin debit
card at any local ATM.

Whether you are in USA, Asia, Europe, Arabia, India, Africa, etc. which digital payment processor do you prefer, and why?

Most people won't choose either of those options.  There are many reputable exchanges (well, who knows, they could Gox everyone someday but as reputable as they could get) which would do the transfer and make it a lot easier.  You don't have to go through a long process with debit cards to withdraw Bitcoin into fiat.

Actually for small trades which I do now my preferred way of doing it is not to withdraw for fiat at all, but to put it into USD Tether on Poloniex and withdraw that to a Tether wallet, so that I have a fairly stable currency without having to go through the complicated process of switching between Bitcoin and fiat.  You also don't have to confirm your ID this way.

You can also exchange P2P instead of using an exchanging service - through LocalBitcoins is a great way, especially if you need to stay anonymous and you want to properly take your money out of Bitcoin instead of just doing a short-term trade.

[bitbunnny]

I prefer localbitcoins because there I have trusted trader and I can exchange Bitcoins for a convenient rate on fast and easy way with no much troubles. Before I have used exchangers but when I discovered localbitcoins I don't use them anymore. You can also try with users here on forum but that is risky and unreliabe.

[shamzblueworld]

I think here in my country, the only option available is localbitcoins. Which I feel is the best options anyways. But one must be careful and not get conned.

[romero121]

I think here in my country, the only option available is localbitcoins. Which I feel is the best options anyways. But one must be careful and not get conned.

China has got more exchange websites and recently after the inspection few of them were shut down. During this time a big number of users moved towards localbitcoins. Now I think localbitcoins provide better service similar to other countries were it provides good exchange solutions.

[chichidori]

Localbitcoins is your best choice when it comes to bitcoin fiat conversion, never release any bitcoin until you got your payment. the only downside is the exchange rate is much lower than other exchangers.

[LeGaulois]

Most of the time, people trading Bitcoin don't use any debt card to withdraw their profits. They cut the fees. They use exchanges directly. Coinbase is USA friendly. Bitsamp Kraken Bitfinex are one of the repuatble exchanges you can use. People prefer a particular exchange or another depending from where they come from. Due to the facility to deal with. For exemple europeans often prefer using Kraken, while americans often prefer using Bitsamp, while Asians would prefer another one.There are lot of exchanges as you will see but it's all depend on how extensive the verification can be, how easy you can deposit and withdraw, ect

[SvenBomvolen]

When I convert my bitcoins to fiat, in my case it's Russian rubble, I spend too much for different fees, by my opinion. The site takes fees for convertation, then fees to transfer this money to fiat online wallet and again some more fees to send money to my card. I would like this process get shorted and the value of fees get lower.

[jakelyson]

In my case I only use coins.ph. I think it is the most popular here in our country. I have not tried other sites that offer the same services. The only problem with this site is that it have a very large spread in buy and sell, so if you compare the price in USD, you are losing almost 40USD when you sell your bitcoins.

[TRF]

I'm in EU. I use Kraken

[Catmony]

Whether you are in USA, Asia, Europe, Arabia, India, Africa, etc. which digital payment processor do you prefer, and why?[/b][/b]

Bank wire is quite lengthy process for me so when i convert my bitcoin to fiat, i used to send them to tether account which i think is quite secure than other centralized payment processors as well as you can use tether (USDT) in few bitcoin trading platform in future when price will drop and you can buy cheap bitcoins.

[BrewMaster]

Whether you are in USA, Asia, Europe, Arabia, India, Africa, etc. which digital payment processor do you prefer, and why?[/b][/b]

Bank wire is quite lengthy process for me so when i convert my bitcoin to fiat, i used to send them to tether account which i think is quite secure than other centralized payment processors as well as you can use tether (USDT) in few bitcoin trading platform in future when price will drop and you can buy cheap bitcoins.

USDT is good but it is centralized which makes it bad at the same time. but for convenience it is better.

what i do is that i have got a guy who buys bitcoin from me p2p and i do that only when i need local currency and want to sell some coins to cover some cost or something like that. other times i only keep bitcoin in wallet and trade it on exchanges and not selling at these cheap prices.

and no it is not even close to be tempting when price is so small at $1200+

[mobnepal]

I mostly sell my bitcoin to some local guy for local fiat but if i am not cashing out all those fiats, i withdraw it to perfectmoney so that i can buy back when price get some correction.

[harizen]

Right after a huge increase in BTC price, some daily traders are tempted to convert BTC to local FIAT currency to make a profit.
There are many ways to do this, depending on your country of residence.

You can use either a Bitcoin debit card or a direct Bitcoin transfer to your local bank account. If you are in Europe you can use BITWALA
or Cashila for example, to convert from BTC to EUR and withdraw from your local bank account with your bank debit card.

You can also use the e-coin (or wirex) web terminal to convert from BTC to EUR and withdraw EUR with your e-coin or Xapo Bitcoin debit
card at any local ATM.

Whether you are in USA, Asia, Europe, Arabia, India, Africa, etc. which digital payment processor do you prefer, and why?

Our local exchanger can do that thing and lots of withdrawals options are available once we made a fiat conversion. XAPO offers that too with much higher selling conversion rate than our local exchanger although unfortunately there is no withdrawal options available at our country. If ever it will happen, it's way better to deal with XAPO rather than our local exchange in terms of fiat conversion.

But anyways, with today's current price increase I never tempted to convert my bitcoin into fiat. It's a wrong move if I will just convert it without any traces that bitcoin price will suddenly crash. As a safety measures, I always keep up with the current bitcoin price.

[Yakamoto]

Right after a huge increase in BTC price, some daily traders are tempted to convert BTC to local FIAT currency to make a profit.
There are many ways to do this, depending on your country of residence.

You can use either a Bitcoin debit card or a direct Bitcoin transfer to your local bank account. If you are in Europe you can use BITWALA
or Cashila for example, to convert from BTC to EUR and withdraw from your local bank account with your bank debit card.

You can also use the e-coin (or wirex) web terminal to convert from BTC to EUR and withdraw EUR with your e-coin or Xapo Bitcoin debit
card at any local ATM.

Whether you are in USA, Asia, Europe, Arabia, India, Africa, etc. which digital payment processor do you prefer, and why?

I move back and forth between the US and Canada, and I don't really do a lot of stuff in the US so I wouldn't be able to tell you what exists within the borders of the US for exchanges.

As for Canada, I typically use some smaller or more local exchanges as opposed to something big like what Coinbase is (although I can't use them anyways because they stopped supporting the CDN a few months ago). Most of these exchanges trade pretty high compared to the spot value, and I can make an additional $30CDN/BTC and then rebuy at a lower value somewhere else. The only issue is that the volumes aren't very high overall.

[Nahl]

i live on Asia and my local exchange always be my priority if i want to trade bitcoin

because there is big exchange in my country available the feature can convert bitcoin to my local currency directly

[tiptopfund]

i live on Asia and my local exchange always be my priority if i want to trade bitcoin

because there is big exchange in my country available the feature can convert bitcoin to my local currency directly

Localbitcoins works just great for me

[lemonade09]

You can allways find a site where they exchange bitcoin to usd ..,,
or you can trade or sell your bitcoin for usd
The second way is through an online exchange, where your trade is with the exchange rather than another individual.The second way is through an online exchange, where your trade is with the exchange rather than another individual.
Find sites On these sites, you will usually have to register as a seller. This involves verifying your identity, which we will discuss again later. Once you have registered, you can post an offer, signalling that you want to sell, and the website will alert you when a buyer wants to trade with you. From there, your interaction is solely with the buyer, but you use the website to complete your trade.

Selling bitcoin in person can, in many ways, be the easiest way to pass on your digital currency. Simply scanning a QR code on another person's phone and accepting cash-in-hand is about as easy as a bitcoin transaction can get.

All you need to do is find a site where they exchange bitcoin to usd but be careful in the price on the bitcoin it's one of there marketing strategy to get money they will just put a high price or fee when you exchange your bitcoin..,
There are also some wallets where you can directly exchange  your bitcoin into usd and you can also use atm to buy bitcoin or change bitcoin into usd.,
So it will be better if so earn bitcoin carefully and have enough knowledge in bitcoins.

[just_Alice]

i live on Asia and my local exchange always be my priority if i want to trade bitcoin

because there is big exchange in my country available the feature can convert bitcoin to my local currency directly

Localbitcoins works just great for me

For some reasons Localbitcoins never provide good rates where I live. The price for BTC right now for example is almost 10% lower than the real price if you want to sell. So I use smaller local exchanges which provide better rates and work smoothly almost always. Once your transaction has 3 confirmations you get local currency on your Credit Card in a matter of minutes.