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Author Topic: How Do You Cashout BitCoins?  (Read 3000 times)
Titanos
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April 29, 2018, 05:22:38 PM
 #461

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.

After you convert it to USD you can wire it to your bank account with your local currency.

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April 29, 2018, 05:27:14 PM
 #462

At the begininig I was often using localbitcoins. I have good experiences and if you find trusted seller there this could be the most convenient and the easiest way to cash out Bitcoin on various options.
But since Bitcoin debit cards appeared I use only that, both for paying or for cash out at the ATM. Currently this is the fastes and the most convenient way for me.

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KagiSama
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April 29, 2018, 05:33:24 PM
 #463

for indonesian, I use indodax and Luno to sell my coins to IDR and then I withdraw it to my bank account. in indodax you also can transfer your money to foreign bank. but for USD, you can use localbitcoins.
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April 29, 2018, 05:37:20 PM
 #464

There are certain websites where you can trade Bitcoin with people or trade it to another digital format. You can also use coinbase to cash out to USD.
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April 29, 2018, 05:38:58 PM
 #465

Yes Bitcoin is being too much used on almost all the exchanges. Now when I was new to Bitcoin and have no bank account I use to transfer all my coins to my local trader which I have found from local Bitcoin site and since then I used him for trades. So now I have got a bank account and so he sends my Bitcoin directly to my bank account.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.


ridhataqo
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April 29, 2018, 06:43:03 PM
 #466

i use localbitcoins & coinsph to cashout, or just ask my friend to cash it out for me.
easy and no hassle at all.

i hope we will soon ditch fiat, so we can use bitcoin to its full potential.
cashless society ftw!
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April 29, 2018, 07:06:37 PM
 #467


through localbitcoin
Radnie
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April 29, 2018, 08:00:11 PM
 #468

I'm using coins.oh wallet,its very convenient and easy to transact either cash out or cash in and many entities inside the wallet that you can transact also like billing payment, bank deposit, online shopping etc.

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April 29, 2018, 08:07:41 PM
 #469

I am using a lot of websites in order to exchange bitcoins for fiat.. It is easy, i just sell it to a buyer and it is done.

It is full of local buyers here in my city, they all are desperated to buy some coins.

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April 29, 2018, 08:09:37 PM
 #470


through localbitcoin

Looks like there is still some lacking when it comes to cashing out and localbitcoin and still the mostly answered here.
Maybe a business like that is hard to make profit with thinking you are leaning on how much the bitcoin market would be.

I am also using this when I really need the fiat but it would be better to minimize the number of the sold bitcoin as always.
Someday it will grow like nobody expects it and will be more valuable than the fiat we are using now.

oni4an
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April 29, 2018, 08:18:58 PM
 #471

There are many ways to cash out Bitcoins, all depending on the country where you prozhivate and what site you use for trading, all individually.


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