How difficult is it to sell your position?

[chaitanyagoa]

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

[batang_bitcoin]

how to cash out of them?

That's the job of the exchange mostly with a local one, you can transfer it to your bank after convert it to fiat.

Is it as easy as buying them?

Yep, because it's automatically converting with the current price of bitcoin.

Or are they limits?

For an exchange there is a limit. But if you want to sell it with your native countrymen you can, just use localbitcoins.

[Pearls Before Swine]

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.

[roccstar]

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

At present, there are so many cryptocurrencies available at market. So when you invest or buy any cryptocurrencies, you should invest in cryptocurrency which is of high demand or in the cryptocurrency that you think its good. So there wont be any problem at the time of selling also. To cash out the cryptocurrencies, first you need to convert it into btc in any altcoin exchange like poloniex and transfer that btc into your local bitcoin exchange. That's it.

[h0lybyte]

If you are using simple wallets like xapo,blockchain to store your cryptocurrencies,then it is difficult to cashout your assets for fiat currency.
However, using exchanges instead of wallets, you have option to cashout different digital coins within the exchange.
Some best exchanges you can use are bittrex,changelly,localbitcoins.

[player514]

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

On exchanges, you generally have an option to put out your cash into a USD / fiat wallet. That should offer solutions to withdraw into your account. Either that or you can go from Bitcoin to USD.

[Yuhee]

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

On exchanges, you generally have an option to put out your cash into a USD / fiat wallet. That should offer solutions to withdraw into your account. Either that or you can go from Bitcoin to USD.

Bitcoin users differ in countries so i guess that depends on what kind of services your country has. Most are in USD so their are a lot of services offered for easy transaction. Better to send them to some blockchain enabled sites if there are any available in your place. I think the service that could beused to cashin should offer also cashout options. Assuming that the site is not an exchange site.

[madwica]

Base on my experience all the thing like buying and cash out bitcoin is very easy here in my country because of our bitcoin wallet has a great srvices and more partners that we can cash in and cash out our bitcoin fund.
But in an exchange there is always a limit on buying a coin, but i do not know the limitation of cash out using an exchange.

For me i suggest that do not put a huge capital in one exchange, much better to used multiple exchange to lessen the risk of your fund and you also have more options in selling your coin.

[AT101ET]

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

Cash out to BTC or to fiat?
Either way, both are very easy. Most coins/tokens are listed on at least one (usuallly more) exchange(s). When you want to 'cash out' all you have to do is make sure you've got your funds on the exchange and then execute a trade for the current value in BTC.
If you want to cash out to fiat then all you need to do is transfer those coins to an exchange that lets you trade BTC/USD and then withdraw those funds to your account. 
 

[Doell]

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

the limit for the size of the great man who has that much money is there , a certain limit exists depending on the exchange volume includes a portion of the limit , from the mining proceeds that are also mined partly from the limit , cash out is easy , as easy as you buy .

[Wipro]

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

the limit for the size of the great man who has that much money is there , a certain limit exists depending on the exchange volume includes a portion of the limit , from the mining proceeds that are also mined partly from the limit , cash out is easy , as easy as you buy .

It is not the limit of the exchange. That limit was set by the trader who can manage the amount limit. Need to check the trader who has been able to trade with your limit.
Traders will help you to exchange your bitcoins to any fiat money. I suggest to localbitcoins.com to sell it out for your need or more.

[Hamphser]

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

That is why theres an exchangers that do exist on the market which is the place you can buy bitcoins or any other coins which been offered by the use of your local fiat either loading up with you credit/debit card.If you dont like to disclose your card details you would still able to buy which you can actually made on localbitcoin which you can make peer 2 peer transactions among other users but be sure not to engage on scammers knowing that there are lots of criminal minds when it comes to money.If you do find out on the things i do mention on here you would really say that this thing are just basics.

[Jovovich]

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

That is why theres an exchangers that do exist on the market which is the place you can buy bitcoins or any other coins which been offered by the use of your local fiat either loading up with you credit/debit card.If you dont like to disclose your card details you would still able to buy which you can actually made on localbitcoin which you can make peer 2 peer transactions among other users but be sure not to engage on scammers knowing that there are lots of criminal minds when it comes to money.If you do find out on the things i do mention on here you would really say that this thing are just basics.

I think it is better to send bitcoins to other withdrawing site than directly from that exchange site. But it also depends on what kind of service your country could offer. Because it would take long if from exchange site rather than in online wallets that is directed to banks.

[Sadlife]

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.

[voltesbit777]

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 true that majority of the traders are buying in crypto currencies, because in altcoins it is easy and fast to make profit of bitcoin unlike directly buying in bitcoin which is mostly they hold it in a long term, including myself.  And it is easy to cash out our profit into fiat going to our bank account or depending in your merchant where they allowed bitcoin accepted.

[bubblebit]

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

None and it only depend of what wallet your using, local bitcoin provider in your respected country has more options of cashing out and lot of services that is available. Like paying SSS contributions and NBI transactions fee.

So before doing opening a wallet it is a must that you have to be observant to other users and they’re review is more important. Take time to research more of what suitable to your needs. I have an account to coinbase but buying and selling is not permitted in my country.

[illusioNiZt]

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.

Even if the alt-coin which he wants to sell is not supported by the country-exchange, he can simply trade them for BTC and trade Bitcoin via exchange.

[daserpent]

Its not difficult at all nowadays. You can signup with local exchanges in your country to cashout the bitcoins.

You trade bitcoins or crypto on any world-famous exchanges and then send the bitcoin to your local exchange to cashout to your bank account.

[mrcash02]

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

Cash out to BTC or to fiat?
Either way, both are very easy. Most coins/tokens are listed on at least one (usuallly more) exchange(s). When you want to 'cash out' all you have to do is make sure you've got your funds on the exchange and then execute a trade for the current value in BTC.
If you want to cash out to fiat then all you need to do is transfer those coins to an exchange that lets you trade BTC/USD and then withdraw those funds to your account. 
 

There can be limits for cashout in fiat at some exchanges (deposits and cashout in fiat). The one I use is limited, cashout up to X amount of my local currency daily. Also, if you transact big amounts of fiat from BTC deals the government will track your transactions and they may block your account at the bank if there is any suspect about you... I don't know if it happens on all countries, but it's becoming more real each new day.

[ahmad21]

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

At present, there are so many cryptocurrencies available at market. So when you invest or buy any cryptocurrencies, you should invest in cryptocurrency which is of high demand or in the cryptocurrency that you think its good. So there wont be any problem at the time of selling also. To cash out the cryptocurrencies, first you need to convert it into btc in any altcoin exchange like poloniex and transfer that btc into your local bitcoin exchange. That's it.

It depends upon the country you live in and the exchanges it has. Generally all major countries have a few exchanges to get your fiat directly to your bank. Try paypal with coinbase or major exchanges that might also help.