Bitcoin Forum
November 20, 2017, 04:13:22 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4] 5 6 7 8 »  All
  Print  
Author Topic: How Do You Cashout BitCoins?  (Read 1606 times)
Lecam
Sr. Member
****
Offline Offline

Activity: 322



View Profile
October 21, 2017, 12:13:08 PM
 #61

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 cash out bitcoins through banks, in my wallet, there's a lot of options on how would you want to cash out. You can receive it through remittance, add it to your bank account or withdraw it through a bank. It's convenient because some of the withdrawals has no transaction fee, so it's good to withdraw bitcoin through the wallet that I use.

            █
           ███
          ████   ▄
         ███ ███▄█▀█
        ███   ██   █
   █▀▀▀▀▀▀▀▀▀▀▀█   █▀
  █           █   █▀
 ▀▀█████▀▀▀███   █
██
    ███ █   █   █ ██
   ███   █   █ █   ███
  ████████   █████████
 ▀
▀▀▀▀▀▀▀▀▀█   ██▀▀▀▀▀▀
            █▄▄▄█
  ▄█
▄███

████    ▄
████  ▄██

████ ████
████ ████

████ ████
████ ████

████ ████
██▀  ████

    ████
     ███▀
     █▀
A  G A M I N G  R E V O L U T I O N  I S  O N  T H E  W A Y
|      FACEBOOK      |      SLACK      ▀▀▀▀      WHITEPAPER      ▀▀▀▀      TWITTER      |      TELEGRAM      |
  ▄█
▄███

████    ▄
████  ▄██

████ ████
████ ████

████ ████
████ ████

████ ████
██▀  ████

    ████
     ███▀
     █▀
1511151202
Hero Member
*
Offline Offline

Posts: 1511151202

View Profile Personal Message (Offline)

Ignore
1511151202
Reply with quote  #2

1511151202
Report to moderator
1511151202
Hero Member
*
Offline Offline

Posts: 1511151202

View Profile Personal Message (Offline)

Ignore
1511151202
Reply with quote  #2

1511151202
Report to moderator
1511151202
Hero Member
*
Offline Offline

Posts: 1511151202

View Profile Personal Message (Offline)

Ignore
1511151202
Reply with quote  #2

1511151202
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511151202
Hero Member
*
Offline Offline

Posts: 1511151202

View Profile Personal Message (Offline)

Ignore
1511151202
Reply with quote  #2

1511151202
Report to moderator
1511151202
Hero Member
*
Offline Offline

Posts: 1511151202

View Profile Personal Message (Offline)

Ignore
1511151202
Reply with quote  #2

1511151202
Report to moderator
1511151202
Hero Member
*
Offline Offline

Posts: 1511151202

View Profile Personal Message (Offline)

Ignore
1511151202
Reply with quote  #2

1511151202
Report to moderator
Xester
Hero Member
*****
Offline Offline

Activity: 644


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
October 21, 2017, 12:16:39 PM
 #62

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.

Here in my country we have a wallet wherein when you need your bitcoins you just request and its automatically converts your bitcoin into our currency.  Through this wallet you can even diretly pay your bills and topup your phone.  This is the only wallet I used since it is trusted by many of us. 

aso118
Legendary
*
Offline Offline

Activity: 1610


View Profile
October 21, 2017, 12:23:13 PM
 #63

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.

Here in my country we have a wallet wherein when you need your bitcoins you just request and its automatically converts your bitcoin into our currency.  Through this wallet you can even diretly pay your bills and topup your phone.  This is the only wallet I used since it is trusted by many of us. 

Do you hold your bitcoins in an online wallet? That is not a wise thing to do, especially if you have substantial number of bitcoins. The biggest advantage of Bitcoin is its decentralized nature and the fact that you don't have to trust anybody with your money. You are undermining that by using an online wallet.

Coin12
Member
**
Offline Offline

Activity: 84

3PH5C9ocVz3pdzHYqgXhiGaRSuiNWCn7ykQ


View Profile
October 21, 2017, 12:43:40 PM
 #64

As i know that some exchanges provide withdraw into fiat money like usd or euro.
But you have to verify your account first.

▃▃▃▃▃▃▃▃▃▃▃▃▃▃  SRG  ▃▃▃▃▃▃▃▃▃▃▃▃▃▃
■ ■ ■ decentralized gaming loyalty program - token sale 20th of november 2017 ■ ■ ■
◆   Website   ◆   White Paper   ◆   Slack   ◆   Telegram   ◆   Reddit   ◆   Medium   ◆
imteaz
Member
**
Offline Offline

Activity: 70


View Profile WWW
October 21, 2017, 12:48:28 PM
 #65

Wow so many reply! Thank guys for your advice and recommendation. I use Bittrex for trading, i have verified, but i don't see any option where i can exchange btc to Usd.

gesdan
Full Member
***
Offline Offline

Activity: 126



View Profile
October 21, 2017, 01:19:51 PM
 #66

in my country if i want to exchange my bitcoin into local currencies i use local exchanger to exchange it so, i can contact personally the exchanger and say that i want to sell my bitcoin, the advantage you can ask them realtime, but disadvantage is its all manually that make feel complicated

B E L U G A  P A Y  || The first Complete Mobile POS System || [ ICO 1st Dec 2017 ]
     Visa & Mastercard Certified     
ANN  Whitepaper    Telegram    Facebook    Twitter    Medium
ReyshElle
Member
**
Offline Offline

Activity: 63


View Profile
October 21, 2017, 01:29:01 PM
 #67

I do cashout via my wallet coins.ph and pick my money at Cebuana Lhuillier (you can choose where you wanna pick up yours. Security bank is better since you pay no fees for this)

██████████  ✔  PoSToken - First PoS Smart Contract Token - Get Your Free Tokens Now!
█     PoSToken    █  ✔  Free Airdrop ●  No-ICO  ●  100% Annual Interest First Year
██████████  ✔  ANN ●  WebSite  ●  Twitter  ●  Slack  ●  Whitepaper
Bukx
Member
**
Offline Offline

Activity: 70

3PJozJf3snUKi1sB9hWU4NMwq4QMMYxdY3U


View Profile
October 21, 2017, 01:31:08 PM
 #68

There are some ways you can follow to cash out bitcoin.
As i know we can cash out through local exchanger in each country. Second, change through marketplace. We can withdraw in marketplace in veryfied account.

▃▃▃▃▃▃▃▃▃▃▃▃▃▃  SRG  ▃▃▃▃▃▃▃▃▃▃▃▃▃▃
■ ■ ■ decentralized gaming loyalty program - token sale 20th of november 2017 ■ ■ ■
◆   Website   ◆   White Paper   ◆   Slack   ◆   Telegram   ◆   Reddit   ◆   Medium   ◆
Fulmand
Full Member
***
Online Online

Activity: 201



View Profile
October 21, 2017, 01:39:19 PM
 #69

There are some ways you can follow to cash out bitcoin.
As i know we can cash out through local exchanger in each country. Second, change through marketplace. We can withdraw in marketplace in veryfied account.



I think before you cashout bitcoin you must register your wallet address because some sites are not accepting of what your coins that have right now, so you have to find some site that capable of cashouting your bitcoin into a paper money.

Lintel
Full Member
***
Offline Offline

Activity: 179



View Profile
October 21, 2017, 01:41:13 PM
 #70

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 the philippines we have this wallet called coins.ph in which we can encash through it but of course we need to trade ir first before we can convert it to our wallet and into cash. But in other counyry I have no idea in which way they cpuld convert it into cash. But I am sure there is the best way.
Wipro
Sr. Member
****
Offline Offline

Activity: 448



View Profile
October 21, 2017, 01:49:39 PM
 #71

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 the philippines we have this wallet called coins.ph in which we can encash through it but of course we need to trade ir first before we can convert it to our wallet and into cash. But in other counyry I have no idea in which way they cpuld convert it into cash. But I am sure there is the best way.

You can directly exchange the bitcoin into fiat cash by localbitcoins.com to your bank account instead of having the money to your online wallet. If you change amount pretty countable and according to your transaction limit what you are paying you no need to afford any money to any Government side.
Wallet is the worst option according to me. If you are fine to get the additional cost for the amount you are changing then we may consider it.

||▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
[]|
enterprevic
Member
**
Offline Offline

Activity: 84

Healthpromag.com


View Profile
October 21, 2017, 02:00:59 PM
 #72

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.

Its really an easy stuff to withdraw the coin, all you just have to do is to withdraw your bitcoins to localbitcoins.com and then you can find a buyer who's going to buy your coins from you. Should be all.

Svelto
Sr. Member
****
Offline Offline

Activity: 266



View Profile
October 21, 2017, 02:25:44 PM
 #73

There are several ways to cash out BTC to USD.

You can use coinbase for converting BTC to USD and withdraw USD to your bank account. You will need to submit identification for verification.

Localbitcoin is a peer to peer exchange where you can transact either by meet up or bank transfer.

A Bitcoin debit card allow you deposit BTC and spend fiat at stores. You can even withdraw fiat at ATM.

           ▄▄█████████▄▄
       ▄████▀▀       ▀▀████▄
     ▄██▀▀               ▀▀██▄
    ██▀                    ████
   ██                     ███▀██
  ██                    ▄██▀   ██
 ██                    ▄██      ██
██▀                  ▄██▀      ▄███
██                  ▄██      ▄██▀██
██                 ██▀    ▄███▀  ██
██               ▄██▀   ▄██▀     ██
██▄             ▄██  ▄███▀      ▄██
 ██           ▄██▀ ▄██▀         ██
  ██         ▄██▄███▀          ██
   ██       █████▀            ██
    ██▄   ▄████▀            ▄██
     ▀██▄███▀            ▄▄██▀
       ▀████▄▄       ▄▄████▀
           ▀▀█████████▀▀
L I V E T R E E   A D E P T TM
Own the future of entertainment
The World's 1st Community-Powered,
Film, TV and Content Network  ★
BrewMaster
Hero Member
*****
Offline Offline

Activity: 630


There is trouble abrewing


View Profile
October 21, 2017, 02:33:17 PM
 #74

i rarely "cash=out" from bitcoin. i am in it for the long haul and i even have been keeping my profit in bitcoin. meaning every time i make trade using bitcoin fluctuations or trade altcoins to make profit, i end up having more bitcoin not more fiat. and when bitcoin goes down i buy even more to have more bitcoin.

i believe in much higher prices which means selling at 5k, 6k, 10k is like losing a large amount of money.

but to answer your question, on those rare occasions i sell bitcoin, i sell it to those who want to buy. meaning p2p but not to those who buy and sell, but just are looking to buy so i can get a better deal.

RodeoX
Legendary
*
Offline Offline

Activity: 2450


The revolution will be monetized!


View Profile
October 21, 2017, 02:37:13 PM
 #75

You could also see this question as "how do you cash-out cash?".

You could just buy something you were going to buy anyway. That gives you maximum profitability on your bitcoin and superior security online, while helping bitcoin retail adoption. If bitcoin is available broadly we may only rarely buy dollars. This will happen if retailers hear it from you.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
cloud777
Full Member
***
Offline Offline

Activity: 126



View Profile
October 21, 2017, 02:38:34 PM
 #76

I'm using Bitstamp.
I withdraw earnings through bank transfer.
I can covert Bitcoin in USD or EUR (I use EUR).
I've read that coversion from BTC to USD is fees free.

"On the Blockchain, no one knows you're a fridge"
Rebellious
Jr. Member
*
Offline Offline

Activity: 56

Join the Rebellion!


View Profile WWW
October 21, 2017, 02:40:36 PM
 #77

Couple exhcanges u can just send btc to and they send u USD/EUR or whatever currency ur bank uses

elliottflz65
Member
**
Offline Offline

Activity: 119


View Profile
October 21, 2017, 02:45:59 PM
 #78

There are some ways you can follow to cash out bitcoin.
As i know we can cash out through local exchanger in each country. Second, change through marketplace. We can withdraw in marketplace in veryfied account.



I think before you cashout bitcoin you must register your wallet address because some sites are not accepting of what your coins that have right now, so you have to find some site that capable of cashouting your bitcoin into a paper money.


All the popular exchanges like coinbase are accepting. Localbitcoins is also very good for people who cant use coinbase
Harlot
Hero Member
*****
Offline Offline

Activity: 518



View Profile
October 21, 2017, 02:49:45 PM
 #79

Best to send your Bitcoins from your exchange account to your wallet. Of course you need to look for a wallet which offers a Bitcoin to Fiat Currency conversion by many ways from depositing the fiat currency to Bank accounts to door-to-door deliveries. I don't know the exact wallet options you have because it varies from country to country but I am for sure you will have one if your country is not strict regarding about cryptocurrencies.

.BITSLER.                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄             
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄       
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   
▀▄            █        ▀▀      █   
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀     
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀               
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
Basmic
Full Member
***
Offline Offline

Activity: 196



View Profile
October 21, 2017, 02:52:42 PM
 #80

In my country there are bitcoin ATMs. So I use the exchange on which it is possible to register my Bank card and easily withdraw dollars or euros from the account. Similarly, I can transfer money there. The status of bitcoin in my country is not yet defined so users of bitcoins do not track. Small transfers to accounts is also not controlled so I don't pay taxes on these amounts.

Pages: « 1 2 3 [4] 5 6 7 8 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!