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Author Topic: How do you guys withdraw your bitcoins to cash?  (Read 8095 times)
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August 27, 2017, 05:43:42 AM
 #41

Well it is so easy, i just look for a local exchange or anybody who does exchange in my country, and i contact him and try to sell him the btc for local money.
If i need the money asap, i just use some of the websites that convert your btc to local money, but they charge at least 10% of fees, that kills me, but it is instant.
So it is not difficult to convert btc to cash, you only have to look for the best way for doing it.


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August 27, 2017, 05:51:15 AM
 #42

I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).

How do you guys withdraw your btc?
That depends on the place/region/country where someone is using btc. Some countries accept encashment of BTC through remittance centers (which I use when withdrawing btc into cash). The official android application of our btc wallet also offers different ways of encashments like GCASH, remittance pick-up, and bank.
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August 27, 2017, 06:17:08 AM
 #43

I am withdrawing the bitcoins that I have into my Skrill account. One of the possibilities to get money into the account is through bitcoin. Skrill is nearly as big as PayPal is, and they give you (if you are in Europe) a Credit Card. Their fees are almost inexistent and you get the money into your account very fast. 
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August 27, 2017, 06:23:11 AM
 #44

I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).

How do you guys withdraw your btc?

I usually use the services of a famous site in my country. His name is triv. We can directly convert our bitcoin there and transfer it to our bank account.

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August 27, 2017, 06:57:34 AM
 #45

Whenever I convert my BTC to fiat, I use either one of the following two methods:

LocalBitcoins: I convert my BTC, and either get local bank deposit or credit in my PayTM account
BTC Debit Card: I am having a debit card which can be loaded with BTC. The fiat cash can be withdrawn from any ATM.

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August 27, 2017, 07:26:19 AM
 #46

I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).

How do you guys withdraw your btc?
in the phillipines we use coins.ph because it hussle free when we withdraw our money from bitcoin. coins.ph has different ways
bitcoins to bank
bitcoins to door to door
bitcoins to gcash
bitcoins to realcash

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August 27, 2017, 07:27:18 AM
 #47

I always use local exchange but I use bigger exchange like bitfinex for trading. The bitcoins which i earn in bitfinex i send them to local exchange - my country is Turkey, Turkey's exchange is btcturk.com , paribu.com , koinim.com.- As you see, there a lot of exchange in my country and we can make a transaction with local currency.

 
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August 27, 2017, 07:33:29 AM
 #48

I think each country will have their own local exchange that will change your bitcoins to cash via bank transactions. In Indonesia we have this website called vip bitcoin. You should check your own local exchange.

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August 27, 2017, 08:27:58 AM
 #49

Many ways to do so, you listed two. There are also private sales via LocalBitcoins and ATM's, and I guess that's pretty much it.
Actually, there are lot of way to withdraw your bitcoin into cash. In addition to that, I withdraw my bitcoin thouhh ATM but I need to convert it first before I withdraw it.  You can also withdraw bitcoin through cardless and you can also withdraw it in Gcash or any remittance that have bitcoin.

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August 27, 2017, 08:39:42 AM
 #50

I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).

How do you guys withdraw your btc?

I am using a wallet, an exchanger bitcoin wallet named Coins. There is a panel there where you can cash out your bitcoins into fiats. They offer a wide variety to send and accept your money, either banks, cash pick ups and others.

Hi!! May i know what wallet are u using for converting your bitcoin into cash? Is there options already in the wallet and they really send you in fiat?

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August 27, 2017, 08:45:08 AM
 #51

I withdraw my bitcoins from the local online wallet and transfer them through a local online exchange to my bank's card, and then I withdraw cash through the ATM.

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August 27, 2017, 08:48:37 AM
 #52

You can use a decentralized exchange Bisq (former Bitsquare). There are no limits to it, you can exchange almost any coin for BTC and your BTC for fiat, using National bank transfers, Cash deposits and many other low fee nonrefundable provable methods of payment.
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August 27, 2017, 08:53:43 AM
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In my country we can withdraw our bitcoin in our local exchange and there are actually plenty of choices to choose on how we want our bitcoin to be withdrawn for me I prefer to received it in my bank directly because its hassle free.
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August 27, 2017, 08:57:37 AM
 #54

I mostly use two methods, depending on situation. Sometimes I use my trusted seller on localbitcoins and exchange Bitcoins for money that is transfered to my bank account. But I'm avoiding to do this because I don't like that my bank has any records about Bitcoin transactions.
So the easiest and most convenient method for me is to withdraw the cash on ATM with my Xapo debit card. They charge fee, yes, but it's reasonable and besides every exchange of Bitcoins to cash has a cost.

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August 27, 2017, 08:58:16 AM
 #55

I rarely use cash. Most of my purchases I make with the Bank card. Through the Internet, the exchanger, I change bitcoins and add to your Bank account. If you could purchase goods with bitcoins, we could save on the exchange and a little more to pay miners per transaction in order for online stores to make them free.
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August 27, 2017, 09:01:54 AM
 #56

I exchange bitcoins for CS:GO skins and sell them in school. And when I want to buy bitcoins, I buy CS:GO skins and sell them for bitcoins. Of course I know we have bitcoin to bank account payments in Poland but I want to be more anonymous when exchanging bitcoins to fiat.
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August 27, 2017, 09:09:52 AM
 #57

There's a few way to do it.
As for me, there's these local exchanges that I could use to convert btc to my current currency.
It's also connected to my bank account. Seems like every countries has its own way.
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August 27, 2017, 09:12:40 AM
 #58

Well I rarely withdraw my bitcoins into cash, since I have a goal of saving 21 BTC  Grin . I'm young and I'll go all in while there is a chance.

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August 27, 2017, 09:16:17 AM
 #59

Well I rarely withdraw my bitcoins into cash, since I have a goal of saving 21 BTC  Grin . I'm young and I'll go all in while there is a chance.
No one should go all-in regardless of age. I didn't got even half-in. I put only 10% of my savings in Bitcoin and with 1% trade. Take risk no more.
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August 27, 2017, 09:18:31 AM
 #60

I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).

How do you guys withdraw your btc?
In our country we have bitcoin ATM but its so far from my home. Thats why I choose to cash out my bitcoin through the apps they called coins.ph there lots of way to cash out using that. I cash out to Bank, for pick up  (remittances branch) or cardlless atm(eGifts).

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