UCHCHILD
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October 11, 2017, 01:38:18 AM |
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Yes, it is easy as cashing out, for example in btc in localbitcoin, there is limit on buying bitcoin at first hand then for your succeding transaction there will be no limit on how much you will buy btc. Transaction is from bank to localbitcoin. That is how I know and how it works in my previous transaction done in localbitcoin and if you want to have it in other coin then just convert your bitcoin to your preferred coin then you have it in few seconds and you are already invested you money into it. As easy as that.
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"Governments are good at cutting off the heads of a centrally
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eann014
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October 11, 2017, 02:23:29 AM |
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HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
It is easy to cash out. You can easily transfer it into your bank account and it will automatically will convert into fiat. It is just easy, as easy like you are updating your status in facebook.
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mkmdoc
Sr. Member
Offline
Activity: 658
Merit: 251
VIMee - Social Network
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October 11, 2017, 03:28:00 AM |
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HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
It is easy to cash out. You can easily transfer it into your bank account and it will automatically will convert into fiat. It is just easy, as easy like you are updating your status in facebook. Yes, you are right can covert your Bitcoin into Fiat currency by transferring your prescribed exchange and you can withdraw your Fiat currency to your bank account.
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blueteam09
Full Member
Offline
Activity: 664
Merit: 100
📱 CARTESI 📱 INFRASTRUCTURE FOR SCA
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October 11, 2017, 05:15:21 AM |
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When you trade a coin at least you have to have some information about it and the most important thing is that you must have some knowledge about analyzing a coin such as candle, see the trend ... These are the minimum requirements when you exchange coin. If you are afraid of anything you do follow me when you place a sale or buy a coin that you set a stop limit if the coin you sell to a certain price will sell you sell Whether it increases or not, and if you buy the price of coin is so high that the market down again you should sell at a loss of 5-10% to preserve your capital avoid the loss of too much. I used to read the good saying: "Before you make a profit, you must find a job to avoid losses"
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lilRoy07
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October 11, 2017, 05:16:44 AM |
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if you've heard of monaco- it may be worth looking at getting a visa card (when it arrives)
or
Use localbitcoins, and trade out slowly (minimalise loses)
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Sasuke102001
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October 11, 2017, 12:03:28 PM |
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THere are many ways you exchange your bitcoins, there are exchanges that will exchange your bitcoin for you. What I do is I buy in-game items and then sell it in my local currency that can also be done if the amount isn't that big.
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justspare
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October 11, 2017, 02:38:49 PM |
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That depends in your country if they support or some website supports cashing out your crypto currency to your fiat currency like online bitcoin wallet if there is a website that adopted crypto currency in that country and it is an bitcoin wallet or whatever altcoin that it supports usually you can withdraw and convert digital assets through bank, remittance or other methods.
It is good but if you are not able to get what you want to have then it is good to convert your bitcoin to the other wallet the amount of the bitcoin is very important pot have and to invest in the other form of the money. The value of the bitcoin is increasing more and more. The price is high and the use will be easy now than before.
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patrickj
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October 11, 2017, 10:57:55 PM |
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HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
Yes it is. From the start, you need to have some wallets like a personal one you use too but its virtual. I'm using virtual wallet that's my country provided so it's easy for me to transfer my money to bank account and other remittances when I needed some. There is a limit in my wallet I'm using, it depends on wallets you're using.
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aidaanakida
Newbie
Offline
Activity: 7
Merit: 0
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October 12, 2017, 01:41:39 AM |
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HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
in simple way from deposit until witdraw look like this : your bank --> local exchanger --> crypto exchanger --> Marketplace -->crypto exchanger -->local exchanger --> your bank
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traderethereum
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October 12, 2017, 02:28:29 AM |
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HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
we only need btc to cash out our crypto currencies. when we buying and selling crypto currencies, we are trading in the exchanges, we are trying to get profit and the profit is in btc currency. after we have btc, then we sell into local exchanges or third party services which act as seller and buyer for crypto currencies and then he transfer the money into our account bank and we can get the money. its easy to buying and selling and there is no limits. i think you can found your local exchanges by searching or you can use localbitcoin.com to found recommended seller.
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PX-Z
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October 12, 2017, 02:40:24 AM |
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HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
It is easy to cash out. You can easily transfer it into your bank account and it will automatically will convert into fiat. It is just easy, as easy like you are updating your status in facebook. Yes, you are right can covert your Bitcoin into Fiat currency by transferring your prescribed exchange and you can withdraw your Fiat currency to your bank account. That may be true, but you have to give some suggestions also, saying "easy to withdraw to fiat" is so easy lol, mostly it depends on your country, the platform you will use if your country is available to their btc to usd or btc to your local currency. But if not and there's no local exchanges then it might hard to do that. And you have to show your full details for KYC so you can do that if fiat matters.
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btc-facebook
Legendary
Offline
Activity: 1862
Merit: 1015
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October 12, 2017, 02:52:55 AM |
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Luckily I have my own local exchanger that enable to me cash out whenever I want ! Of course after I've my verify my bank's account and my ID ! Although my government still not legalize bitcoin yet, we can still use it but with our own risk
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Jewell
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October 12, 2017, 06:54:01 AM |
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Luckily I have my own local exchanger that enable to me cash out whenever I want ! Of course after I've my verify my bank's account and my ID ! Although my government still not legalize bitcoin yet, we can still use it but with our own risk
Yes in most of the are people have to take the risk, but i think that if they want to continue their business they do not prefer to scam but want to continue their business as smooth. If a person want to sell bitcoin and convert it in to local currency i think that if you want sell on market price then it will be done in a friction of time but if you want to sell on specific time then you have to fixed a selling point and wait for the time to sell your bitcoin on that price.
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TravelMug
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October 12, 2017, 10:55:19 AM Last edit: October 12, 2017, 12:32:41 PM by TravelMug |
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Luckily I have my own local exchanger that enable to me cash out whenever I want ! Of course after I've my verify my bank's account and my ID ! Although my government still not legalize bitcoin yet, we can still use it but with our own risk
You don't need your government to enjoy bitcoin and there is no risk involved. You even told us that you are using your local exchanges so I'm assumed that your government is still lenient in terms of its used as long as you, the customer would submit the proper documentation for KYC/AML compliant. So I'm don't think there is a risk. A risk could be involved in bitcoin if you are using it to launder money or transacting illegally, like buying/selling prohibited drugs and other things that your government will deemed against the law. Other than that, you are safe converting your cash to your local currency. So don't be nervous about using your bitcoin. And yeah, you are extremely lucky about having your country a local exchanges that supports bitcoin.
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WilliamTryingTo
Newbie
Offline
Activity: 36
Merit: 0
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October 12, 2017, 11:03:13 AM |
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I've seen some coins on exchanges like Yobit where you can't even find a buy order when it comes time to sell. The markets are sort of like penny stocks, where there isn't a lot of liquidity. Check out some of the stinkers on Yobit, and you'll see a bunch of sell walls and absolutely NO buy orders. So yeah, it's very difficult to cash out of some of them.
For bitcoin and the other big cryptos, the market is very liquid and you should have no trouble selling them. Litecoin, ethereum, Dash, and others...there are a lot of buyers right now. I'd try to stay away from ones that don't have a strong 'brand name'. If you trade on exchanges like Kraken, where they don't have a lot of coins to begin with you should be safe as well.
YoBit seems so grimey, how do people even make a profit on there
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Lucas 666
Jr. Member
Offline
Activity: 50
Merit: 10
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October 12, 2017, 11:55:13 AM |
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Easy or hard Depend on your country lows if exchange allow you can Directly get cash other need middle coin
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Nisharawal
Member
Offline
Activity: 336
Merit: 11
I am no stable coin. to the mooonn.. and back
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October 12, 2017, 05:12:43 PM |
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HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
Well this question shows that you are new to this forum and Cryptotrading. Yes it is really easy to cash out them, and it depends on your trading exchange where it transfer to your bank account within the given period, but before withdrawing to your bank account you need to convert into Fiat currency. Yes it is very easy to buy them, keep in mind that exchanges have their own limit, whereas your Native Local dealer or agent wont have limits as comparing to the Exchange. You can use Google to find out some local agent near you for buying and investing purposes or you can use localbitcoin .
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Gotottack
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October 12, 2017, 05:18:32 PM |
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HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
You can cash it out by transferring your Bitcoins to your bank accounts then withdraw them. When you withdraw, your bank of choice automatically converts it to your country's currency which rate is converted at the time of withdrawal. Please know that your Bitcoin's value varies real-time. That being said, it changes in value depending on the time you decide to transfer them on your bank.
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Qunenin
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October 13, 2017, 04:39:18 AM |
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HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
It is really easy, there were local exchange that really support this kind of services, which I am lucky enough in my country, especially in bitcoin buying or investing. And as far as I know there is no limit on investing in one coin because they love many investors. To cash the altcoin is only one way, first convert in btc and then convert that btc into local cash.
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Smarty14392
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October 13, 2017, 06:29:39 AM |
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That depends in your country if they support or some website supports cashing out your crypto currency to your fiat currency like online bitcoin wallet if there is a website that adopted crypto currency in that country and it is an bitcoin wallet or whatever altcoin that it supports usually you can withdraw and convert digital assets through bank, remittance or other methods.
It is good but if you are not able to get what you want to have then it is good to convert your bitcoin to the other wallet the amount of the bitcoin is very important pot have and to invest in the other form of the money. The value of the bitcoin is increasing more and more. The price is high and the use will be easy now than before. That is valid one. Absolutely there are so many chances if you get to know that the thing you are doing now is not made for you. Like whenever you know it well that trading is not for then don’t just get more losses rather just try something else. Same is the case here, if you finally know about your will then better is to just shift to any other thing, like baton. They are profitable.
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