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Author Topic: How Do You Cashout BitCoins?  (Read 3001 times)
bellakrstna
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April 12, 2018, 02:18:49 PM
 #241

You can cashout your bitcoin by selling your bitcoin in the exchange.
first you need to do is find the exchange that accept bitcoin to USD.
and you can withdraw your USD.
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KingOfWinterfell01
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April 12, 2018, 03:59:25 PM
 #242

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.

Well, your exchange must send your bitcoins to your online wallet and your online wallet must have a connection with other banks that can receive dollars through it. When it does, then you can cash out your bitcoins for dollars. In our case, we just use an app to sell everything.

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April 12, 2018, 04:05:22 PM
 #243

Some exchanges don't have the option to sell your coins for $,£,€
In some exchanges such as Kraken, Bitstamp, etc people can sell their bitcoins (of course) for dollars, euros, etc and then get the money transferred to their bank account quite easily.
Correct but right now there areots of ways to convert your bitcoin to your own currency. There is also a website that help you sell your bitcoin like coinbase and much more. You don't need to worry about converting your bitcoin as there are lots of people want to buy bitcoin for fiat.

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April 19, 2018, 04:35:39 PM
 #244

Since I started working in bitcoin, I used local division to sell my Bitcoin.
I think this is a convenient and safe way to sell Bitcoin. And the money sold will be transferred to my bank account and deposited. Later, I collected money from the bank account.
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April 19, 2018, 05:03:05 PM
 #245

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.

Try contacting banks in your places or money remittances that are accredited by your cryptocurrency exchanges. All you have to do is sell your bitcoins in the exchange and transfer the funds from the exchange to the money remittance center or the accredited bank that caters to cryptocurrency exchanges.

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April 19, 2018, 05:20:04 PM
 #246

bitcoin is a crypto currency and it is easily changeable to any other currency. i am using just simple method of converting bitcoin to my desire currency through exchanges in which there is no problem and taxes are also very low.
I convert my bitcoin into cash with the help of coins.ph here in the Philippines, so fast and easy to transact with low payment. No hassle and worry cause my money are safe and secure.
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April 19, 2018, 05:32:52 PM
 #247

Too many ways to cash out Bitcoins. In my country we uses a particular app that let us buy and sell bitcoins, and then buy goods or services, eloads and pay bills. It also let us withdraw the money/hard cash from bitcoin. You may find a trustful app that will suite on unto your country.
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April 19, 2018, 05:52:11 PM
 #248

if you wanna convert bitcoins directly to cash or to you bank account you can use cex.io they offer this service , they also provide storage of your coins but at a fee.

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April 19, 2018, 09:37:53 PM
 #249

The exchange I use in my country only accept bitcoin deposit for conversion to fiat currency. Basically, what I do is to first convert my cryptocurrencies to Bitcoin and then transfer to the exchange and upon successful confirmation, the exchange will credit my bank account immediately.

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April 19, 2018, 09:45:12 PM
 #250

Converting bitcoin to fiat can be as easy as the availability of escrow services in the country u live in. Also, i would like to point out that u can deposit and withdraw cryptos other than bitcoin as well as have trading pairs other than bitcoin on them. For example, bittrex has three currency pairs BTC-alts, ETH-alts and USDT-btc/alts. In my country for example u can convert coins like USDT, ETH and BCH directly to fiat in few seconds. So the options are dependent on your location and exchange preferences.
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April 19, 2018, 10:50:17 PM
 #251

Well in our country, You can simply cash out your btc through downloading php coins wallet, there are already menu's on that wallet where you could encash you btc, just simply follow the directions in the menu and everything will happen as easy in an instant.
Here in the Philippines you can simply convert bitcoin into cash by using the apps coins.ph.. your bitcoin make it into cash in so fast and easy to transact and very low cost payment, very simple follow the given intstruction easy to do and you can get your money safe and secure in all selected remittance center.




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April 19, 2018, 10:53:11 PM
 #252

cashing out bitcoins can be easily done via the local bitcoin exchangers/vendors that pays into your local bank account
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April 19, 2018, 10:56:36 PM
 #253

If you want to cash out bitcoin you need to have coins wallet it depends on your country or nation. In the Philippines we have coins.ph like that and then you can cash out in partner banks of coins or bitcoin. Now you can enjoy your money.
Yes, you are correct in Philippines all you need  the apps of coins.ph. you can convert your bitcoin into cash quickly no hassle then you can redeem in all remittance center in cebuana luilliher or any atm bank. Easy and so fast within a minutes you get your cash instantly.



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April 19, 2018, 11:01:14 PM
 #254

You can make a resesrch so you can know what is the best way to cashout your bitcoin. Because in my country philippines it easy to cashout our bitcoin because that's my country wallet with different cashout option..

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April 19, 2018, 11:01:41 PM
 #255

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.

In my country, we have here a local digital wallet that can be used for buying bitcoin easily through some banks and remittance centers, and we can also easily convert it to our local money and withdraw in some banks and remittance center as well using this local digital wallet. So it's not so difficult for us to convert and withdraw our bitcoins into fait, because of this wallet that we used.
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April 19, 2018, 11:03:02 PM
 #256

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 cashout my money in an application called Coins.ph, this kind of an application helps you to convert you bitcoin into fiat, and fiat into bitcoin easily. There is a logo in application that you can click to cashout your money, after you click it then you will type how much of money you will cashout, and you will receive a pincode that will you type in an ATM.

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April 19, 2018, 11:06:18 PM
 #257

There are many way on how I can cash out my bitcoin, in our country we are using a wallet that partners with different banks and remittance centers, in that way we have many choices . But for me  I Prefer cashing out in remittance.
I agree with you, there are numerous ways to cash out your coins. Using your wallet, specifically coins.ph, you can easily click cash out and type the amount you need.

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April 21, 2018, 01:39:13 PM
 #258

you can sell your bitcoin into some exchanger to convert it to USD or your local currency after that you can withdraw the USD to your bank account and you will receive the money in your account, make sure that the market that you want to sell bitcoin is trusted.

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April 21, 2018, 02:12:33 PM
 #259

In coins.ph you can withdraw  your bitcoin directly, need to convert in to php and it takes 10-15 mins for you to withdraw in the designated money transfer establishment. I think now a days it's so easy to buy and sell crypto due to many wallet website an apps that offer not just one crypto but any kind of crypto that is know right now, even in china and japan has their own Bitcoin ATM machine that you can buy and sell bitcoin anytime.

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April 21, 2018, 02:15:15 PM
 #260

We had some direct exchanger Btc to fiat so it's easy to cash out but here's the catch, the exchange buys btc way cheaper than your expected price, I can sell also at my localbitcoins but it's kinda hassle.

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