Where to most people change their BTC back into fiat?

[Has Mistook an Oath]

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

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[BitPACK]

you can use bitfinex, bitstamp or coinbase for best rate. other small exchanges can't give you best rate because of volatility.

[DaMut]

actually if you want to encash/convert your Bitcoin to Fiat or vice versa,
the best place to do it is in your local exchanger,it should be there.
it is not really good to encash/convert your Bitcoin to Fiat in international exchanger like Bitstamp,Bitfinex and others.
they will charge you quite many unlike your local exchanger.
i always encash it using my local exchanger and they did not charge me a lot unlike those international exchanger.
other than that try to sell it off the market aka sell it to another Bitcoin Users,
that is the easiest way to do that,low fees but high risk because they can scam you.

[Qiuyue201]

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

If there is a little gap in the rate of bitcoin in exchange and if they will try to exchange their bitcoin into the fiat and the rate will not become a problem as long as the gap is not too long with another exchange site, But every exchange site has the different valuation. But just try to use like luno or others.

[h0lybyte]

I think the best place to change bitcoin into fiat is to get a plastic debit card from xapo app and use it to withdraw cash from your local ATMs.
This card completely works as a smooth exchanger worldwide.
If in future,exchanges get banned,this card gets no obstacles.It remains consistently good in performance than other exchanges.

[alyssa85]

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

Where are you located?

If you are American and want to withdraw dollars, then Coinbase is your best bet.

If you are European, then use Kraken (they can even do a SEPA with euros into a British bank account and you will receive pounds).

If you are Korean, there are a bunch of korean exchanges that allow you to withdraw won. Ditto with the ruppee, rupiah etc - there are local exchanges pretty much all over the world that will allow you to withdraw in your local currency.

[frowsiter]

Don't bother much about the prices on different exchangers because they will keep fluctuating like forever. Every exchanger has different price tag because of the traded volume on there platform which is different for each of them.


So what you can do instead is to look for the best one based in your country and trade over there. You will never get right one but just try to get one which is best in exchanger rate as well as your convenience of transferring the funds to your bank. This might be achieved with wallet that supports the exchanger platform.

[unusualfacts30]

coinbase, xapo, localbitcoin. These are my top three. I have not used any other exchange. You can also sell it to your friend or co-worker for fiat but at this price you would need to use exchange or localbitcoin if you want to sell anything above 2 btc in one go.

[piloder]

If coinbase allows you to buy/sell than they are best in the industry right now or you can use exchange platforms like kraken and bitstamp to convert your bitcoin into fiat and make withdrawal request.

Alternatively you can use localbitcoins like p2p trading platfrom from where you can search for bitcoin buyers near you to sell bitcoin for your local fiat via bank transfer or cash deposits.

You can also use changer.com like sites to exchange bitcoin into other payment gateways like perfectmoney to hedge against bitcoin volatility or convert your bitcoin into USDT and hold them in your usual bitcoin addresses.

[Noctifer]

GDAX has no maker fee so it's a good option.

[Gozie51]

Friend don't bother much about the differences because exchanges are not usually stable even in paper money more-or-less cryptos that are volatile. What you need to do it to put your eyes down in your country, research and ask you would find or you have guys who are also in bitcoin business who would exchange for you in your country with escrow . Is about your country. I just converted the very little I had in my local currency straight to my bank account, is real and sweet.

[equator]

I change my bitcoins to fiat in localbitcoin.com site as their are so many users who are from my country and i can get directly in my bank account. more over this site give high security and all transaction are under escrow system.

[Lucas 666]

what mean by best if cheap this form is cheapest one if you mean trust try voxix

[imabauss]

some exchange can help you withdraw to your bank. like wex(btc-e) you can easy withdraw to perfect money

[ethereumhunter]

localbitcoin is the best you can use beside the other because in that site you can find people from your country, at least you know where that person live so if something happen, you can visit to that address. if there is any of local website that giving service for the people from your country then its good and you can use their service.

[PokerBetting]

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

all exchanger bitcoin to fiat money, average rate is not difference
if you want rate high price you must wait until bitcoin price incraese

localbitcoins is good rate, but you must wait until buyer buy youre coin

[Dissident991]

i use localbitcoin for change, simple and pretty reliable. But not for large sum, cause of in my country you may have problem with tax inspection.

[harizen]

I've come across a number of places that will exchange BTC into fiat currency, but all have a shockingly bad exchange rate.

What methods offer the best exchange rate these days?

Try to search for your local exchange first since it's more way accessible than dealing with international exchanges.

Now that you care for exchange rates, it's a mandatory thing to do that you will listall available exchanges that supported your country then compare the rates from it. Not just the rates, also include the withdrawal fees when you want to cashout it out as fiat since withdrawals fees may vary depends on the method used.

[Taylorw]

I think that there is local specific in every country. I think somewhere there is even a tax when you withdraw a profit. So far, in Russia we don't have any taxes for crypto and I use exmo. USD transfer out from there is the cheapest (comparing with RUB)

[poiseulle]

coinbase, xapo, localbitcoin. These are my top three. I have not used any other exchange. You can also sell it to your friend or co-worker for fiat but at this price you would need to use exchange or localbitcoin if you want to sell anything above 2 btc in one go.

I should try xapo maybe, as coinbase charges a very high fee, even sending and receiving cryptos costs much more than normal wallet. Local bitcoin sometimes don't have best price