How do you guys withdraw your bitcoins to cash?

[Opquar]

Man it must be such a pain to have to rely on Localbitcoins. I'm glad my country has an exchange. Still though, I don't encash them anymore nowadays. It's much better to hold them if you have the cash to spend with anyway.

[ice098]

Man it must be such a pain to have to rely on Localbitcoins. I'm glad my country has an exchange. Still though, I don't encash them anymore nowadays. It's much better to hold them if you have the cash to spend with anyway.

i withdrawing my bitcoin thru our local exchanger online, it is an app that instantly converting bitcoin to our currency and then i can choose to whom i will send my money whether to my atm or to be sent off to my house, thats good i think to have a local exchanger, because it is not hassle to exchange my coins.

[mikki14]

Bitcoin is not well known in our country, but we have a mobile app named 'coins.ph'. It's an exchanger that has two wallets: Php wallet (our local currency) and BTC wallet, where you can convert BTC to PHP and PHP to BTC anytime you want. It's very convenient, you can also use it to pay your bills, reload your prepaid mobile, shop online and send cash through banks and remittance centers.

[bob3772]

Firstly I have a group of friends who are in to btc and I ask if any of them want to buy, this way we can both save money as limited transaction costs. If not I use localbitcoins to sell my bitcoin and then I have the money in my bank account ready for use.

[jerlen17]

You can simply withdraw your bitcoins into cash by go to your bitcoin wallet and then click the cash out there you go, you can withdraw to remittance center and converted automatically to you currency.

[Dailyroberts]

in my country we have local cryptocurrency exchange to convert bitcoin to local currency since they can withdraw to various local banks and the verification is very easy.  as far as i know, local exchange service in various country offer different ways of verification and looks hard

The verification is not hard if you are official citizen of the country, you have all the documents that's needed for the verification, they only thing you need to do is to take a photo of them, and upload it to your local exchange.
Some people maybe get bothered by the complication of verifying in their local exchange, but rest assured, it's for the safety of users.

Yes, to improve the security and ease of bitcoin exchange users with local money, service providers offer an offer for users to feel comfortable and secure by preparing original documents and self-portraits, to prevent unwanted things from people who want a crime.

I just cannot cash my bitcoin out. I couldn't find a way to do this in Estonia. Hitbtc says we can use sepa banks, but they want 10k equivalent usd deposit before withdrawing money. I'm confused.

[acpr23]

We have some good exchange of bitcoin to fiat money in our country, the leading of them is coins.ph but with daily withdrawal limit of 1000$, so if you withdrawing much bigger amount we can use rebit.ph that has 10,000$ daily limit if im not mistaken, both rather all of those exchange has some high fees the higher you withdraw the higher the fee

[dutchkay]

There are many exchanges you can easily sell BTC to, just find the one that accepts BTC in your country and use them. Ensure it's reliable before giving them your BTC. I use available trusted exchanges in my country or sell locally.

[Adam]

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?

well, in my country Coinbase are available but not all features of coinbase. Basically, when I got Bitcoin through Coinbase I sell it to those people who are Buy & sell various kind of dollars such as Bitcoin,Netller,Payza etc & by selling $ I got cash.

Your idea is too nice your story an my story is same I have bitcoin first don’t sell my bitcoin if need too many cash than I sell my bitcoin and friend want need for buying bitcoin than I sold my bitcoin my friend if there nothing than I use exchange of different names

[princesocapuyo]

It depends on how much you are trying to withdraw. If it is an amount less than $5000 than your best bet is a Bitcoin ATM. If it is more than that you want to try localbitcoins.com

[Vendetta666]

Here in our country it's easy to withdraw bitcoins into our bank accounts. Here is a service provider for us to withdraw our bitcoins. There are also many options that you can do as you withdraw your bank account, withdraw to ATM and Remitance centers, so it's easy for us to withdraw it. But there is one thing I most do not like this is the huge fee deducted from our withdrawal.

[Carmen01]

We have company here in philippines that we can exchange bitcoin to our own money because they authorized here i think in some country they have exchanger in they own money like dollar and etc.i think you can exchange in perpect money i read that here

[raymart0720]

In my country we have COINSph which we are able to store and convert BITCOIn to national currency
and we are free to choose where we will widraw our money if it is remitance center banks or some any kind of money transfer

[GreenBits]

Its same as cash for me, with a Shift Card. You fund it just like you would fund a regular eth/btc address, but the USD equivalent is the balance of the card. So to withdraw, you can use an atm, or cash back in the store. Only issue is they like to hold extra funds at certain places, and it takes 3 to 4 days to release the funds back to your balance (usually as an eth/btc credit). If the rates moves dramatically, you will lose that percentage on the held funds, essentially. It works in reverse; occasionally the rate will go up, and the held funds will be worth more.



The atm fees are ridiculous, however.

[lalabotax]

in my country there has been an exchange for local currency, so we are not too worried for it, fast enough and very safe, only from the pretty big fee.

[ngocbkcse]

Local bitcoins is best for withdraw my bitcoins to cash. I sell bitcoin when fiat money in my country at there all the time. My opinion it's very good and safe.

[fiulpro]

I use an application called zebpay ... Through which I have an option to widraw bitcoins to bank buy more bitcoins so thats relatively simple for me but yes they do take a lot of fee for this.
I cannot find more safer alternatives to that because zebpay provides good services, you can even recharge your mobile account with that and send the bitcoins or money to different accounts and to more people as you Please. It also lets you use multiple address to recieve bitcoins.

[Sir Cross]

Well in my country, there is a cryptoexchange/wallet first and only one in country and it was the easiest way to cashout for me just submit an identity verification and done you can cashout your cash directly to the bank account or get the moneh in remittance.

well I think it depends on the use that how we use and how we have planned to deal with it. It also depends on your wallet what you have to withdraw as now I am using coin.ph I like to use it because it is very simple and convenient to use where it is very easy to withdraw your bitcoin a lot of people use security bank to cash the coin because it is also very easy and fast to use.

I also use coins.ph - a local exchange wallet available here in the Philippines. I find it easy and convenient because I can exchange my BTC to fiat or our local currency (peso) easily and without much trouble. I have the option to pick up the cash in remittance centers or banks. I can even withdraw it from a security bank ATM even if I do not own an ATM card. So far, I have not encountered any problem yet and the fees are minimal and the transactions are fast.

[xanxus.kun]

I'm using our local exchange wallet called Coins.ph here in the Philippines, where I can easily convert my Bitcoin to our local money or vice versa, i can cash out it in my preferred method either Bank, Cash Card, Cash Pickup, Coins Cash Card, GCash, Cebuana, Cardless ATM, or Even Door to Door Delivery. Not only that Coins.ph have other tons of functions, like Pay bills, Buy Load (for prepaid user), Check Bitcoin Price, Shop Game Credits (Steam, Battlenet GC Blizard, Cherry Credits, Garena SHell, Game Club, Level UP!) and eGift Cards, and even Remit.                                                                                                                                                                                                                                                                                                                                                                         

[cjinny]

If I am alone if I will pull the bitcoin in a large amount then I will redeem in Luno. Luno sort of a bitcoin exchange place with dollars, I like it luno because the exchange fee is very cheap and guaranteed security.