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Author Topic: How do you guys withdraw your bitcoins to cash?  (Read 8095 times)
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September 04, 2017, 02:05:39 AM
 #221

Here in Malaysia..we have two options to withdraw bitcoin. First luno.com is the major exchanger in here , i will take 2 days. and second localbitcoin.
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September 04, 2017, 03:09:11 AM
 #222

Here in my country.
It is easy to withdraw as long as you verify that you can withdraw from cardless atm without any transaction deduction. So it's beautiful here with us. You can also transfer it to your bank account. And much more. You can also purchase Mobile Load Online Shopping. Let's look at the good looks of the government and be fully legalized in our country to make it easy and free that we use bitcoins.
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September 04, 2017, 03:44:15 AM
 #223

Here in India, a few of the local exchanges are now offering even better rates than Localbitcoins. But they don't have the variety and options which are available in LBC. For example, in LBC there are vendors who will buy your coins for PayTM or Mobikwik. But the exchanges can deposit cash only to your bank account.

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September 04, 2017, 03:47:04 AM
 #224

In my experience i withdraw my bitcoin to cash is through bank. I transfer my bitcoin to my bank account to exchange it to cash the i'll withdraw it to ATM. Since here in my country bitcoin allowed to transact through bank it is easy to convert it into cash. The other option is through express padala or remittances because they accept bitcoin.
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September 04, 2017, 03:50:56 AM
 #225

In my experience i withdraw my bitcoin to cash is through bank. I transfer my bitcoin to my bank account to exchange it to cash the i'll withdraw it to ATM. Since here in my country bitcoin allowed to transact through bank it is easy to convert it into cash. The other option is through express padala or remittances because they accept bitcoin.

AFAIK, there's no bank that is accepting bitcoin cashouts so you have to use an exchange before sending your payouts to the bank. But if that's existing in your country that's a good one I want to do that to, sending it completely to my bank account, though it's allowed but it needs to pass through a local exchange.



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September 04, 2017, 07:53:34 AM
 #226

so far i am using third party when I want to withdraw my bitcoin to cash. I am using my friend services as his job is local exchange for helping his friends to buy or sell their bitcoin to him. but if he is offline, sometimes I use localbitcoin and search recommended seller and after we're deal then I sending my bitcoin to him and he transfer me the money.

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September 04, 2017, 09:49:41 AM
 #227

Withdrawer depend on your country of residence,most countrues have local exchange and site that BTC cna be sold and convert to fiat, I use remitano.com
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October 03, 2017, 09:54:29 PM
Last edit: October 04, 2017, 12:10:45 PM by Protected101
 #228

I think there are so many ways to attract it, as my friends did, it's just that I do most of the same as mentioned above, like selling it to local Bitcoin and go to each ATM  Smiley  Wink  Cheesy  Grin
I Withdraw my bitcoin through bank or other remittance center here in my country. Since bitcoin is very easy to make a cash here in our country i just keep some of my extra money in bitcoin to generate income than keeping into my wallet. Then i withdrew it when i need a cash.
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October 03, 2017, 10:01:20 PM
 #229

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, the wallets we are using to be our storage for our bitcoin has already its feature of having both our national currency and bitcoin cryptocurrency. But upon withdrawing it into fiat, we do not even need to transfer it out into our national currency since we can directly withdraw it into a partner bank through e-cash feature in which we do not need any ATM cards. Just a 16 digit code which is sent via text message and another 4 digit code for e-cash confirmation.
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October 03, 2017, 10:06:43 PM
 #230

I sell it for local buyer from bitcoin wallet or exchange it to payoneer in paxful and i withdraw it from atm. I think you can do this anywhere.
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October 03, 2017, 10:23:00 PM
 #231

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 my  case i use a local wallet ( coins.ph walllet ) and i mostly choose cash pickup option to withdraw my money straight from my btc wallet to any money remmitance center and pawnshops. also our local wallet has many different cashing out options like bank transfer, atm withdraw ( cashless ), cash delivery,  etc.
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October 03, 2017, 10:40:32 PM
 #232

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?

We have this app called coins.ph, but it only works here in our county. With just a couple of taps we can withdraw our bitcoins in an atm machines. Because we have a bank who accept bitcoins in exchange in cashor real money. With that we can easily buy things whatever we want. Actually there are a lot of ways to cashed aout our bitcoins here. But those other ways have fees and it depends on how much you will withdraw. The higher the value the higher the fee it will be. So we always do it in a bank even without a card we can easily withdraw our money from it.
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October 03, 2017, 10:58:38 PM
 #233

I sell it to local traders i know personally.

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October 03, 2017, 11:04:12 PM
 #234

I always withdraw to another digital bank like neteller or payoneer, after i withdraw withdraw it to my local bank. A lot of fees but i don't have choices.

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October 04, 2017, 12:04:36 AM
 #235

I just use the exchanger to withdraw my bitcoin, so from the web wallet then I transfer to the exchanger and I sell and automatically sent in my bank account. until now I've sold a lot of bitcoin and I can use to buy the goods I want.


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October 04, 2017, 12:48:58 AM
 #236

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 lucky I live in a country where I can immediately transfer my bitcoin to my bank account but it is not coinbase. There is a local base platform that I can use to transfer bitcoin to any bank account (even if it's not mine) or to any money exchanger companies. There is also an option of mobile recharge so anytime I can just charge my mobile and there is also an option of paying some utility bills or tuition fees.

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October 04, 2017, 01:04:08 AM
 #237

First, i send my bitcoin to my exchange wallet a Bitcoin wallet, and the other one is Peso wallet which directly converts the bitcoin you sent to cash based on the realtime price of bitcoin on that exchange after that I convert it into cash (if i sent that on my bitcoin wallet) and cash it out on different medium like banks and pawnshop merchants or money transfer merchants.
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October 04, 2017, 01:09:02 AM
 #238

First, i send my bitcoin to my exchange wallet a Bitcoin wallet, and the other one is Peso wallet which directly converts the bitcoin you sent to cash based on the realtime price of bitcoin on that exchange after that I convert it into cash (if i sent that on my bitcoin wallet) and cash it out on different medium like banks and pawnshop merchants or money transfer merchants.

Same here, my bitcoin wallet has already the option to exchange it to our local currency then, we will just claim it through remittance center via wire transfer.   So I guess it is better to find bitcoin wallet that directly support your local currency or atleast has an option to exchange right away to your local currency.  That way, you can do transaction with ease...
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October 04, 2017, 01:09:02 AM
 #239

Here in my country, We do have an online bitcoin exchange, it's pretty famous and that is coins.ph. In coins.ph it offers two kinds of wallet. First kind is the "PESO WALLET" which is your wallet for the cash that you cash in, the wallet is also after you converted your bitcoins into cash, this wallet is also used as the source of payment on buying Bitcoin, next is "BITCOIN WALLET" where your bitcoins is stored.
The withdrawing process from bitcoins to cash is pretty easy. First you convert your Bitcoins to cash on the exchange and wait for it to be added on the "PESO WALLET" , after successfully conversion, you can cash out your money on "PESO WALLET" into different options, the famous one is the Bank Transfer, all options have their own processing time, I think the minimum is 24 hours of processing time.
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October 04, 2017, 01:11:09 AM
 #240

First, i send my bitcoin to my exchange wallet a Bitcoin wallet, and the other one is Peso wallet which directly converts the bitcoin you sent to cash based on the realtime price of bitcoin on that exchange after that I convert it into cash (if i sent that on my bitcoin wallet) and cash it out on different medium like banks and pawnshop merchants or money transfer merchants.

Same here, my bitcoin wallet has already the option to exchange it to our local currency then, we will just claim it through remittance center via wire transfer.   So I guess it is better to find bitcoin wallet that directly support your local currency or atleast has an option to exchange right away to your local currency.  That way, you can do transaction with ease...

Here in my country, We do have an online bitcoin exchange, it's pretty famous and that is coins.ph. In coins.ph it offers two kinds of wallet. First kind is the "PESO WALLET" which is your wallet for the cash that you cash in, the wallet is also after you converted your bitcoins into cash, this wallet is also used as the source of payment on buying Bitcoin, next is "BITCOIN WALLET" where your bitcoins is stored.
The withdrawing process from bitcoins to cash is pretty easy. First you convert your Bitcoins to cash on the exchange and wait for it to be added on the "PESO WALLET" , after successfully conversion, you can cash out your money on "PESO WALLET" into different options, the famous one is the Bank Transfer, all options have their own processing time, I think the minimum is 24 hours of processing time.

I think we are all talking about Coins.ph? am i right? , If i am right then, Coins.PH is really awesome, It's effecient and easy to use as an exchange and they do have a lot of partners, their effort to give customer a good experience is really admirable.
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