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Author Topic: How Do You Cashout BitCoins?  (Read 2272 times)
ufaiz50
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October 22, 2017, 08:57:51 AM
 #121

Hello, i'm kind of new into crypto currency, I am currently trading on few exchanges. But i noticed all of the exchanges use bitcoin to deposit and withdraw, also no matter what coin you trade use bitcoins. So when you decide to withdraw your bitcoin and convert to USD, how do you go it? I don't see any option in any exchange, which is very weird.
if i want to cash out my bitcoin i will send it to local exchanges in my country which definitely any bitcoin exchange to fiat. try to searching if in your country there are any local exchanges or you can sell your bitcoin at localbitcoin.

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October 22, 2017, 09:11:12 AM
 #122

so far maybe localbitcoin is the best solution for exchange of bitcoin to local fiat currency, and every country in general there is localbitcoin which has function to exchange from fiat currency to bitcoin

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October 22, 2017, 10:04:59 AM
 #123

you should look for an exchanger like BTC-e because there also receive major currencies. My Kraken as well. But keep in mind, for a certain number of transactions you must verify your account with valid data for your transaction to be approved.
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October 22, 2017, 10:25:18 AM
 #124

Coinbase - This is a trustworthy, safe place where you can sell Bitcoins for a reasonable price. Even though they levy a percentage of commission yet it is safe without any risks. You can go the wallet and select the number of Bitcoins you intend to sell. Once you confirm the amount would be sent to your bank which is being registered on Coinbase.
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October 22, 2017, 10:32:07 AM
 #125

Of-course why wouldn't I. If you made many times more you would surely cash out parts of it. Atleast to get your initial investment or something out of this, to sleep well at night.

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October 22, 2017, 10:37:51 AM
 #126

I cash out my bitcoin thru our local wallet or sometimes i cash out it thru load. I'm happy because there are many ways to cash out our bitcoins here in our place but it needs our account to be verified to perform cash out.

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October 22, 2017, 11:03:36 AM
 #127

I am using an online wallet the feature a money cash out. It is called coins.ph. I don't need to convert my bitcoins into our currency it can be directly cashed-out via remittance center, ATM and cardless ATM.
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October 22, 2017, 11:12:34 AM
 #128

Hello, i'm kind of new into crypto currency, I am currently trading on few exchanges. But i noticed all of the exchanges use bitcoin to deposit and withdraw, also no matter what coin you trade use bitcoins. So when you decide to withdraw your bitcoin and convert to USD, how do you go it? I don't see any option in any exchange, which is very weird.

you can used your local wallet accepting the online exchange thru banking transactions and you can convert your bitcoin into fiat cash money become usd and to the other country same procedure for any local fiat currency if the bitcoin have available money changer accepting bitcoin in your location.

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October 22, 2017, 11:17:39 AM
 #129

In my country Indonesia, there are exchangers that provide Bitcoin exchange to IDR (Indonesia Rupiah). This certainly makes it easier for me and other Bitcoin Indonesia users, to cash out Bitcoin into local currency whenever and wherever.
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October 22, 2017, 11:33:15 AM
 #130

Here in our country (Philippines), I used a digital wallet which is widely used by others.I think this became popular because it is a wallet that do not only support Peso (our currency) but also bitcoins and the good thing is you can directly convert btc to peso or vice versa. Another thing, you can not only withdraw your earnings through banks but also remittance centers that's why this is very convenient and user friendly especially to a student like me.

In your case, use an exchanger of btc to currency you used since you don't have a wallet like I'm using. Smiley

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November 04, 2017, 09:32:07 AM
 #131

How to cashout Bitcoin depends on your country. Like in our country there are some authorized or legit merchants. You have to convert it on your own currency then there are many options on how you can exchange it and convert it into cash. Example is bank..if you have bank accounts some of the banks are accepting  fund transfer through the used of your channel like COINS. Some used E-wallet using Autoload phones and Atms...etc.

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November 04, 2017, 10:05:21 AM
 #132

Through Coins.ph, I can cash out my BTC to physical money however using Coins.ph requires your verification to allow you to cash-out from your account. It requires at least 1 government issued ID and prove that you're the owner of it.

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November 04, 2017, 10:08:12 AM
 #133

Hello, i'm kind of new into crypto currency, I am currently trading on few exchanges. But i noticed all of the exchanges use bitcoin to deposit and withdraw, also no matter what coin you trade use bitcoins. So when you decide to withdraw your bitcoin and convert to USD, how do you go it? I don't see any option in any exchange, which is very weird.

I think each countries has different ways of withdrawing money. Here in our country you could withdraw by sending your money through remittance establishments and banks. It's very accessible and easy, we sometimes don't need to pay fees when withdrawing money. 


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November 04, 2017, 11:27:17 AM
 #134

There are other exchanges which do the converting for you. Coinbase, Gemini, Bitpanda, Bitstamp are just a few which you can sell your bitcoins and they can pay you in fiat money through bank transfer or different payment processors, like Paypal,Skrill,Neteller etc.
When you send your fiat to your bank account, try a smaller amount first, some banks in the EU are starting to stop transfers coming from Crypto exchanges, and sending back it to the exchange. You can search for the name of your bank in the forum to check if there were any problems when others were wiring back funds from exchanges.

the banks in my country are actually scrambling to have access to exchange sites. Because they see the potential of large funds and potential transactions are not small as well. This is because the ratio of credit in banking is very higher than the ratio of available funds. so, they desperately need the supply of funds from other elements. For OP issues, I recommend using an exchange site that provides currency exchanges and is not too complicated in terms of account verification. I would suggest Hitbtc.

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November 04, 2017, 11:35:22 AM
 #135

i sell my bitcoin to my friend he is a bitcoins holder and he give me real money in exchange easy like that

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November 04, 2017, 11:37:15 AM
 #136

so many ways to cash out there. Some people prefer face to face exchange for fiat. I honestly use different exchanges but use option to withdrew to my visa card (fee is small) and avoid bank wire issues. In my country there is one exchange where I can trade coins for local monetary. Any way options are numerous but safety and anonymity are fees are significant factor when cashing out.

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November 06, 2017, 02:31:16 PM
 #137

How to cashout Bitcoin depends on your country. Like in our country there are some authorized or legit merchants. You have to convert it on your own currency then there are many options on how you can exchange it and convert it into cash. Example is bank..if you have bank accounts some of the banks are accepting  fund transfer through the used of your channel like COINS. Some used E-wallet using Autoload phones and Atms...etc.
It is not very thought to with draw the money because as much as the bitcoin getting high it is making the bitcoin valuable and it will make the bitcoin as the best currency and I hope the value and the price of the bitcoin will give all the people the best value and the income so it is the time to get in the bitcoin and to hold the bitcoin as it is now easy to withdraw and to keep save for the long time, as much as I will invest it will get high.

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November 06, 2017, 03:16:00 PM
 #138

How do you cash out cash? Well, you buy something.

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November 06, 2017, 03:18:23 PM
 #139

Many websites now have bitcoin and dollar exchange, very convenient. There are big exchanges, and you can try to find them.

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November 06, 2017, 05:20:25 PM
 #140

 Bitcoin Cashout some local exchanger provide direct bank transfer, rest it depends upon own country.We can send direct withdrawal to our blockchain,info account,you will easily converting bitcoin to usd,euro, inr gbg, etc.
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