How difficult is it to sell your position?

[Aamir1]

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 not difficult at all in my opinion. Not for me, because i sell my bitcoins when i need to directly at Localbitcoins.com, where i give my bank details to the buyer, he sends the funds to my account and then i release the coins held in escrow, and that's it!
Maybe there are other ways to sell bitcoins for fiat, but i never tried any other source for cashing out bitcoins as it never had been an hassle for me to do it by Localbitcoins.

[iamaruf]

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 out by exchanging btc to your local currency.Then You can withdraw your money via bank transfer. There are no buy limits or sell limit.That is automatic.You can buy that you want.But some website have minimum buy limit but no maximum buy limit.

[bob123]

Theoretically selling is as easy as buying.
You can sell the same way you bought your Coins. Either via marketplace (e.g. localbitcoins), currency exchanges (e.g. kraken), here in currency exchange section or Offline while meeting the person you want to trade with. After sending your coins to an exchange (for example) you can convert them to your FIAT currency and then cash out to a bank account.
But you have to be careful. You may need to pay taxes for your winnings of bitcoins as a investment, depending in which country you live.
And you also have cautious when meeting someone to trade with. There are a lot of people who rob people and force them to send all their coins to the scammer.
If you sell BTC make sure to not take paypal (or any other reversible payment gateway) - so you don't get scammed and lose your coins within seconds.

[ocid]

the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.

[nidacoinlove]

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 not difficult at all in my opinion. Not for me, because i sell my bitcoins when i need to directly at Localbitcoins.com, where i give my bank details to the buyer, he sends the funds to my account and then i release the coins held in escrow, and that's it!
Maybe there are other ways to sell bitcoins for fiat, but i never tried any other source for cashing out bitcoins as it never had been an hassle for me to do it by Localbitcoins.

I don't sell it to someone like this. For me selling bitcoin is quite easier. I use a cryptocurrency exchange located in my my country (I don't want to mention it's name here) where they convert my bitcoin to local currency and send it to my bank account. But this whole process takes a minimum of 48 hours and sometimes it takes even a week. I wish we could have an alternative with a faster processing time, so that we could withdraw fiat in any emergency.

[icotokens]

If selling at market price it's pretty easy. However it's true it depends on the exchange you're using, some are having problems with their operations lately.

[supercanada1]

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.

Bitcoin is not hr single thing but it has the high and the positive options I the circle of the bitcoin people who were not aware of the stable and the reliable income with the bitcoin are now having the fair and the main aim so just to make the future secure. Now it is not difficult to exchange to bitcoin it is now available in all the areas the bitcoin is popular in all the areas of the country. The income will be high if the bitcoin will get the high GPH.

[waynechong1995]

Lets take the average price of BTC as example - on coinmarketcap $5.7k.

To get BTC, services such as localbtc or any native/local BTC exchange services would usually cost you differently, for example dealers on localbtc would sell their BTCs close to the average on low numbers ($5.5-$.5.6k), but low on huge volumes($5.4k). Exchange services would mostly give you a sort of safe price mechanism to counter fluctuations, and their price would be somewhat middle between the previous 2 ($5.5k).

Buying them is easy when you are able to pay more, but selling is a little bit more tricky as prices are competitive, and during times where market is dropping you have cope with some losses.

Other cryptocurrencies, or refers as Altcoins (Alt) is an entire different story, in short people use btc to buy alt, when alt grow sell it for more btc = profit, the reason on getting BTC is that cryptocurrencies that are exchangeable to fiats are only available for popular coin such as BTC, LTC or ETH.

[roddy5]

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's like having a share on a big company on your country, You need to decide when to buy or sell it.

[raven7886]

the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.

Yes. It is just to find the available exchange for the country in question or ask around. Google is a very good way to know which one is quite easy to make someone get going pretty fast and you had be surprised the huge number of them around. However, localbitcoin and remitano has always been the best option for P2P transactions so fat that I have seen and are available in most places depending on who is ready to sell in your area though or just use some exchanges like LUNO direct if available.

[Rinsend]

if my way of investing I make a large purchase,
well when selling I do a high price selling system,
but sometimes find problems with altcoin prices are down, the way to overcome is when the selling price down to 20% sure I will immediately cut loss on my investment.
and move it to another coin that I predict will be more profitable

[Colt22]

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

Buying or selling of bitcoin is not at all any difficult task to do. Like you mentioned, it is just the transformation of your paper money into crypto currency like bitcoin or any other coin and then back to paper money at the time of need. There is no rocket science in this thing. You only need to look for reliable exchange in order to remain safe.

[jamids]

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 depends on what country you are cashing it out. As for me, we have a local base platform and we can just exchange our bitcoin to its fiat value base on our local currency and then transfer it to our bank account or even in another person's bank account. We also have the option of cashing it out in money exchanges if we don't have a bank account. The platform that we are using needs verification first of our identity before we can do this transaction like buying and selling bitcoin and there are limits to how much we can buy and sell daily and monthly.

[syaripudin]

I saved some bitcoins that I have on one of the wallet sites that I think this site has a pretty good security level. besides that many interesting features offered on this site, among others, I can directly swap BTC that I have to fiat without me having to go into the crypto trading feature first. even this site is very easy for us to transfer bitcoin that I have swapped into fiat to account number that I have in bank. just need a little biyaya administration that I must remove course I can directly transfer the fiat that I have this site my account number that I have in the bank. and that I can do anytime of course delivery process does not take long this is very easy.

[atc1-REAL]

While its true that some of the exchanges have had problems in withdrawing fiat, most of the established exchanges do it as easily as making a payment with your bank account. As far as your country is concerned, there must be at least one established exchange which has to function as per the law of the land, so it will be easy to bring charges against them. Consider mintpal, which for a time was one of the most popular altcoin exchanges around, but its owner got greedy and tried to siphon off the coins in it. There was a class action suit against him, and voila: https://www.cryptocoinsnews.com/alleged-moolah-fraudster-ryan-kennedy-faces-first-court-hearing/

[BarbieCasino]

the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.

Yes no doubt the cashing of the bitcoin to the fiat is not the big deal because the bitcoin is getting the more space and now the bitcoin importance of eh bitcoin is just because it is now reliable of the using and the spending, the value of the money is all about the investment. The more we invest the more we get from it, the bitcoin is having a lot of things in our life and the price of the bitcoin will be the best thing ever so it’s easy to panic and the transact nothing is difficult.

[Zadicar]

the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.

Not all countries do have their own local wallet provider which would really be easily to cash out or to exchange those coins that they had thats why they would really need exchangers which would really  convert it to fiat and transfer it on their decide payment option.Back in the past i do have a hard time on doing such thing but when the time comes that local wallet provider is already available in my country it does really give big convenience on me.

[Biggapp]

if my way of investing I make a large purchase,
well when selling I do a high price selling system,
but sometimes find problems with altcoin prices are down, the way to overcome is when the selling price down to 20% sure I will immediately cut loss on my investment.
and move it to another coin that I predict will be more profitable

The market is the main key to buy or to sell the things if you are having the high income and you want to invest the money in the bitcoin then it’s good to hold the bitcoin and buy for the long time. The money of the bitcoin is good to invest and the market of eh bitcoin is getting now popular the income with the bitcoin is increasing because the high people are investing and they are having huge income in the bitcoin as the price increasing.

[Kevondo]

the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.

Yes no doubt the cashing of the bitcoin to the fiat is not the big deal because the bitcoin is getting the more space and now the bitcoin importance of eh bitcoin is just because it is now reliable of the using and the spending, the value of the money is all about the investment. The more we invest the more we get from it, the bitcoin is having a lot of things in our life and the price of the bitcoin will be the best thing ever so it’s easy to panic and the transact nothing is difficult.

I think the most difficult is not the thing what you are saying but it is now very difficult ot avoid the falling price and the high price of the transaction so if you will have the money and you want to invest that money in the right place the n hold the money and invest it because now in the bitcoin all the things are getting easy and more reliable to maintain for the fix and the easy income for so as the bitcoin is the demand of the day.

[liuqi]

the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.

Yes no doubt the cashing of the bitcoin to the fiat is not the big deal because the bitcoin is getting the more space and now the bitcoin importance of eh bitcoin is just because it is now reliable of the using and the spending, the value of the money is all about the investment. The more we invest the more we get from it, the bitcoin is having a lot of things in our life and the price of the bitcoin will be the best thing ever so it’s easy to panic and the transact nothing is difficult.

I think the most difficult is not the thing what you are saying but it is now very difficult ot avoid the falling price and the high price of the transaction so if you will have the money and you want to invest that money in the right place the n hold the money and invest it because now in the bitcoin all the things are getting easy and more reliable to maintain for the fix and the easy income for so as the bitcoin is the demand of the day.

That's is how bitcoin is designed here. There is fluctuatation always in the price chart from the 2013 to nos. Some bumps takes us flight and dumps but us in well. We should not worry about it and hold the coins for long term. If you invested in neo bought for 1 btc means you will be able get the big value for the amount invested. So choose option and invest.