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Author Topic: How Do You Cashout BitCoins?  (Read 3002 times)
mitchr4
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April 26, 2018, 02:01:36 PM
 #421

Using local exchange to cashout the bitcoin in form of your local money. Each country has a different currency just looking for an exchange that offers to do that or people could just use a third party service to cashout the bitcoin. Bitcoin will not complicate its users as long as people know how to outsmart that.


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April 26, 2018, 02:07:47 PM
 #422

in a few months ago until now, I use localbitcoin and my friend which help me to cash out my bitcoin and I am very happy because the fee is not too big for me so I still get that money with safe. I never use the exchange to send the money to my account because it needs too long to see the money arrives in my bank account so, with a little help from my friend, I can get that money in less than one hour so I can go to the ATM to take the money.
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April 26, 2018, 02:10:36 PM
 #423

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.
As far as i know only coinbase has that feature,to convert your bitcoins into USD directly thru their exchange,and most of the major exchanges doesnt offer this conversion,atleast you can find someone in your place who wants to buy some bitcoins directly to to have less transaction fees from exchanges,p2p transactions is the best way to liquidate your coins.

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April 26, 2018, 02:20:40 PM
 #424

When I do cash out, my friend used to help me because they really know how to do it and they are more knowledgeable in everything about bitcoin, as what I can see they exchanged it first to our local currency. So if I were you, you should ask first to the other people who are more knowledgeable and also for the sake of your account also money. In addition, you should be careful for those people who you trust because nowadays there are so many fake people who make you trust them then they will steal your information account or your money.
amaha cris
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April 26, 2018, 02:26:50 PM
 #425

To do business is indeed very profitable to convert the coin of the original currency. can to convert bitcoin into native currency. or it could be for other coins at a price you can adjust yourself
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April 26, 2018, 02:35:05 PM
 #426

Since there is already a external wallet of both bitcoin and ethereum here in our country, thats what im using. From exchangers, there we can convert our bitcoin into eth or bitcoin to fiat. But transaction fees were high. And its bitcoin and ethereum rate is not same as in the other external wallets. Its lower than the price in blockchain. Since its the only way we can exchange our bitcoin into our own fiat, we just use it anyway. Thankful also that it was created despite of bitcoin is not yet regulated in our country.
laluna24
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April 26, 2018, 02:37:47 PM
 #427

Maybe you should change to an exchanger that provides deposit and widraw to fiat currency, then move your coins there first.
Here in my country is easy to convert from btc to fiat. We have an applications to do cash in and cashout direct to the wallet if in case plan to cashout anytime is can use the apps. Always do search where you can cashouts to fiat currency.

Eleanorjean11
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April 26, 2018, 02:40:20 PM
 #428

There is no real exchange of BTC-USD. So what you need to do is move it to your wallet and sell it to people. We are lucky here in the Philippines because we have a wallet that buys Bitcoins and is converted to PHP.
johnyespapa
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April 26, 2018, 02:52:40 PM
 #429

Find someone that is willing to buy your coins directly from you,or find some local exchanges who wants to get into bitcoin so that you can avoid big fees from the accounts or exchanges.In my country we can sell our bitcoins in casinos where most of the gamblers are risking their money thru cryptocurrencies because it is the safest way to liquidate bitcoins,without an hassle.

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April 26, 2018, 02:53:43 PM
 #430

Bitcoin is a digital currency you required to convert it in your own local currencynto be able to cashout, here in our country in the philippines, coins.ph is a trusted app that can help you cash in and cash out money in crypto without hassle.
Indeed, coins.ph is trusted here in the Philippines; it is the most popular wallet and a lot of people know the it is secured. This wallet allows all the Bitcoin users to cashout their btc in a easy way.

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Maveric99
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April 26, 2018, 02:57:30 PM
 #431

Coinbase, Gemini, Bitpanda, Bitstamp are just a few that you can sell with bitcoin and they can pay you with money via bank transfer or different payment processors, such as Paypal, Skrill, Neteller, etc.
to be honest i buy bitcoin now and invest in tokens.
but any time I can sell using exchangers with many in every country. some exchanges offer to earn money with cash.
saumang2m
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April 26, 2018, 05:48:49 PM
 #432

There are few resources available in the world to convert Bitcoin into cash in today's time. Some people are going to exchange and convert their coin into cash. But there are some such exchanges that are turning Bitcoin into cash. And some Bitcoin ATM is also available in the countries. Since we can ever convert our coin into cash, at this time people get very trouble to convert Bitcoin into cash.Because Bitcoin ATM is not available in all countries so far. But in the future Bitcoin ATM will be available in every country, then people will not have any trouble.

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April 28, 2018, 07:54:13 PM
 #433

in India we have two zebpay and unocoin big purses. One can easily get a bank withdrawal immediately after selling your bitcoin on this platform. What's more interesting is that this wallet has slightly higher bitcoin prices in the market. So, that's pretty profitable too. You can withdraw up to 300 USD equivalent a day, but if you use the money back, you can use the daily limit of a 1000 USD card instead of cash. This is a PITA; You will visit at least 4 or 5 minimum stores to complete this task. So for bigger money, you should use an exchange that allows deposits directly to fiat (most obvious) or use LBC. LBC cooling reporting requirements; after that, you have to explain to someone what you do with all that money. I just use a simple method to convert bitcoin into the currency of my desire through an exchange where there is no problem and the tax is also very low.
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April 28, 2018, 08:02:17 PM
 #434

That may be a problem if you are in a country with restrictions on bitcoins exchange.There are local exchanges in different countries that can convert bitcoins directly to your local currency,you have to add your bank details.See the one for you country.Luno is what i use for example when i need fiat.
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April 28, 2018, 08:16:11 PM
 #435

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.

Ive always used a long-standing pee-to-peer trading site to buy/sell direct using bank transfer (not sure I'm allowed to mention other sites here so I wont)- I find it a heck of a lot easier that waiting to transfer fiat in/out of exchanges in any traditional way!
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April 28, 2018, 08:58:28 PM
 #436

Maybe you should change to an exchanger that provides deposit and widraw to fiat currency, then move your coins there first.
Here in my country is easy to convert from btc to fiat. We have an applications to do cash in and cashout direct to the wallet if in case plan to cashout anytime is can use the apps. Always do search where you can cashouts to fiat currency.
My friend says that in Ukraine it is very easy to transfer bitcoin into fiat through the Kuna exchange (https://kuna.io/?lang=en). Verification is not necessary and withdrawal of money to a bank card takes several minutes.

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April 28, 2018, 09:43:29 PM
 #437

there are platforms and apps you use to change bitcoin to USD. apps like luno help you do that with a little transfer charge.  you can read up how to use it online
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April 28, 2018, 09:54:42 PM
 #438

you can check coinbase or hitbtc where you can link your account with your bank and make the withdrawal to your bank account or if you find someone to sell your btc locally in localbtc would be a better option.

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April 28, 2018, 10:10:09 PM
 #439

With the help of wallets and exchanges, I can dilute the bitcoin. In the future the cost of converting bitcoin will decrease and bitcoin can be used anywhere pad one day. Cool
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April 28, 2018, 10:14:55 PM
 #440

Most exchanges does not deal with FIAt , instead they deal with BTC or ETH only this is done because if they use FIAT they have to uup their game and get a ton of permits and comply with many regulations.
Thus FIAt deposits are rarely seen and the normal way is to use one of these exchanges which deal with fiat , buy some btc and send them over to exchange which has your desired token.

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