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Author Topic: How Do You Cashout BitCoins?  (Read 3001 times)
KnightElite
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April 25, 2018, 03:55:09 PM
 #361

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, our governement approved 2 companies as exchange operator. I can easily withdraw my bitcoins in atm machines because there is bitcoin wallets that suitable and applicable for the people in my country.


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April 25, 2018, 04:16:12 PM
 #362

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 easily cash it out through an local on line wallet app where I send my bitcoins and convert it to fiat  which the service providers are also in partner with common international and local remittance center where my online money is sent and is received by me in cash in a designated branches near me. 

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April 25, 2018, 04:19:51 PM
 #363

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.
Some people cash out bitcoin because they need money for their financial needs.Bitcpin is like an automated money that you can cash outbin times that you need money.In butcoin you can ensure that your money is in safe hands.
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April 25, 2018, 04:20:21 PM
 #364

everybody will do that if the circumstances benefit us to do a bitcoin cashout
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April 25, 2018, 04:40:09 PM
 #365

If you are from the US than Gemini is an option to convert your Bitcoins into USD and withdraw it to your bank account, if you are from Europe than Kraken is an option, than there are country specific exchanges that a simple Google search can bring up and if none of the option is there than you can just use LocalBitcoins to get cash for your bitcoins.

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April 25, 2018, 04:44:42 PM
 #366

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 often sell Bitcoin to my friends to get on USD. I have never tried cashout on websites, because I am afraid to encounter fraudulent websites and they will take all my Bitcoins.

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April 25, 2018, 04:51:02 PM
 #367

There are some exchanges that you could use in order to cash out your bitcoin into Fiat,
But luckily there are also some wallet that supports it there are some local wallet tjat could be used to easily cash out your Bitcoin into Fiat,

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April 25, 2018, 05:15:23 PM
 #368

Earlier I used to sell my Bitcoins for fiat cash (in the form of bank deposits) through localbitcoins. But I don't want to do that frequently, as there are tax related complications. Nowadays I mostly cash-out with the help of prepaid Bitcoin debit cards.

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April 25, 2018, 05:33:37 PM
 #369

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 to withradw for real money you must using lokal exchange, because only lokal exchange support with you county. Like my country i always send  my btc to my lokal exchanger first sell it for my nasional currensy then withdraw to my national bank. The point is you must find exchanges which support withdraw to bank account

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April 26, 2018, 01:37:54 AM
 #370

There are many exchangers and services. You can use the services of people who will buy from you directly and give you money.
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April 26, 2018, 01:42:51 AM
 #371

Lucky me there is local exchanger here in my country to cash out, even though the fee is quite big, 1% for every withdrawal
But It is still a lot better than cashing out from bank wire transfer I suppose
I hope there will be some competitions of another exchanger to reduce withdrawal fee
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April 26, 2018, 01:59:39 AM
 #372

How to cashout Bitcoin depends on your country and so many ways to cash out there. Like you can used your local wallet accepting the online exchange and banking transactions and you can convert your bitcoin into fiat cash.
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April 26, 2018, 02:13:02 AM
 #373

It depends on where country you live, as they vary in ways to cash out. Just like me, I live in the Philippines. Our way to cash-out our BTC is coins.ph. We don't need to convert it, and it is fast and reliable. So we trust it.
You what country do you live? Try to research it, or ask someone you know how to cash-out in your country.
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April 26, 2018, 03:17:13 AM
 #374

In my own idea and experience during my Bitcoin cash out we have this called thing wallet and that wallet is you can make a transaction and transfer it to your bitcoin wallet it is safe and the security is good because, you are the one who is holding your private code key. In many exchange sites you can do also a cash by converting bitcoin to USD and other currencies and then send it to your bank accounts or wallets and also by bank to bank or people to bank transactions.

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April 26, 2018, 04:38:14 AM
 #375

Cashing out bitcoins into fiat money will depends on every country since they have different regulations and merchant acceptance as well. Meanwhile, we have convenient ways of buying & selling Bitcoins here in Philippines directly into Philippine peso currency with no bank needed as long as you're a verified user.
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April 26, 2018, 04:45:30 AM
 #376

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 usually cashout my money, in an ATM machine. How? first i used an application called Coins.ph, this application is very useful to me because of its some things such as you can convert php to btc and eth, and vice versa. You can also buy loads with this application. It has a simple ways so you can cash it out, just click the logo of the cashout, type the amount and some pin and codes will send to you that you will put in an ATM machine so that you can cash it out.

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April 26, 2018, 04:47:59 AM
 #377

You can also use Payeer.... you can ask for a free MasterCard and when you go to your account there’s a way to sold your BTC to others users and you can obtain USD, RUBLE or EURO... with your fiat you ca. Credit your MasterCard and use it as you want....
also Coinbase and Kraken are able to send back Fiat to a bank account ..
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April 26, 2018, 05:18:00 AM
 #378

Getting the money for out bitcoins into fiat cash will relies upon each nation since they have distinctive controls and dealer acknowledgment also. In the mean time, we have helpful methods for purchasing and offering Bitcoins here in Philippines straightforwardly into Philippine peso cash with no bank required insofar as you're a checked client.
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April 26, 2018, 05:27:40 AM
 #379

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.
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April 26, 2018, 05:48:05 AM
 #380

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 a certain wallet app that is quite handy because not only it allows us to cash out bitcoin easily, but it also allows us to choose where to spend our bitcoin, such as payment for government benefits, online shopping, payment for utility bills, etc. I think you just have to find the app that is suitable for your country.
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