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Author Topic: How Do You Cashout BitCoins?  (Read 2195 times)
bitfornewbs
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October 21, 2017, 03:33:52 PM
 #81

If you are talking about how to cash out the bitcoin you've earned, you might need to use external wallets and it will depend on what country you are in. Try searching for one and then after that transfer your bitcoin to that wallet and find the option that will let you convert that money to USD/etc. For us in the philippines/ asian country, we use coins.ph to convert bitcoin and after that we will go to remittance center to withdraw. I think what popular for western countries are localbitcoins and coinbase. Well goodluck and try searching for some yourself Smiley

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October 21, 2017, 03:48:20 PM
 #82

I'm using an our smartphone application a local exchange wallet where you can trade your btc to your local money and cash it out to most convenient way for you either via Cardless ATM, Bank, Cash Card, Cash Pick-up or Mobile money.

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October 21, 2017, 03:50:03 PM
 #83

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'm using coins.ph when I want to cash out my bitcoins. It has an option there where you want to get your cash its either on banks, remittance centers or by cardless atm. There is also an option when you want to pay your bills like internet, water and electricity etc., you can also top up load for your cellphone network or even buy game credits.

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October 21, 2017, 04:24:41 PM
 #84

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 mostly use this site local bitcoins.com to convert bitcoins into my currency and cash out it from bank. Its fast and secure there's no chance to got scammed there also I used blockahin wallet they applied low fee.I can easy send and receive bitcoins on it.

                                 
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October 21, 2017, 05:13:04 PM
 #85

in our country, we use coins.ph for easy transaction. we receive the bitcoin convert to php(philippine currency) and then cash out to either pawnshops or bank. tho i think coins.ph works only here in our country.

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October 21, 2017, 05:15:38 PM
 #86

My county does not accept bitcoin still now.So we are cashout bitcoin some ways.For example, If you give me cash money mobile bank or bank then i send bitcoin your wallet.There is no other way to cashout bitcoin in my country. Cry Cry

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October 21, 2017, 05:19:27 PM
 #87

Have not done P2P transaction yet and tend to cashout through a atm, plan to get one or two debit cards in the future as other branches of transacting.
P2P is just to risky and I would fear a setup or some one observing the transaction and getting the wrong idea. Rather not explain myself, it would be a spiders web just wrapping tighter with any authorities.
Once had to buy from a atm and had 3 cops watching me in a real intrusive manner, obviously still thinking bitcoin is all about drugs. Got out of that coffee shop quickly.

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October 21, 2017, 05:25:09 PM
 #88

Well, when it comes to trading I keep my holdings in USD or EURO if I have any plans to trade further and if there is no such plan then I go with Localbitcoins to cash out my Bitcoins if there is any need of cash. I haven't tried many sites as I am having a very smooth experience with Localbitcoins and NEVER had any issue so far while cashing out my Bitcoins using their platform.

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October 21, 2017, 05:58:32 PM
 #89

In germany you can use bitcoin.de to easily trade bitcoins in euro. But dont forget the taxes Smiley
Really? Now I thought bitcoin is tax-less.
I directly cash out bitcoin to peso and not using dollar.
So from an exchange site to an external wallet which is in the case if you are in the Philippines, you will use coins.ph because it is the most convenient way and secured way of exchanging btc to peso as well as withdrawing it.
We can withdraw this money through banks and a lot more way

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October 21, 2017, 06:40:44 PM
 #90

I always using exchange for paypal,visa,webmoney,kiwi. For me best decision.
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October 21, 2017, 06:44:08 PM
 #91

In my country this is possible through many exchangers and you can get cash immediately
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October 21, 2017, 06:49:23 PM
 #92

I am using local bitcoin networks as I'm travelling a lot. so wherever I am I'm directly checking local network and getting cash in their local currency

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October 21, 2017, 06:51:28 PM
 #93

there must be some local exchanger in your country or try to looking someone that trusted and can exchange bitcoin to your fiat money. there will be someone like that in every country

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October 21, 2017, 07:07:30 PM
 #94

in our country, we use coins.ph for easy transaction. we receive the bitcoin convert to php(philippine currency) and then cash out to either pawnshops or bank. tho i think coins.ph works only here in our country.
There are many website in your country by which you can exchange bitcoin easily as we are using in our country because now a days people are making there own exchanges in there country which cannot be ban by there country because these exchanges are also decentralized.

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October 21, 2017, 07:30:01 PM
 #95

Bitcoin is not acceptable in our country.I always convert Bitcoin into usd.Then withdraw the money from the bank through the reseller.That's the easy way

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October 21, 2017, 11:47:22 PM
 #96

I simply don't. I believe that Bitcoin value will increase in the next few years to a very high level. I can already pay my bills and order food using bitcoins. However, I can't still buy everything for it. That's why I sell my BTC on localbitcoins or use my local exchange to withdraw money from ATM. It's really convenient and quite fast, it's available 24/7 if there's a working ATM nearby.
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October 22, 2017, 12:23:25 AM
 #97

you can  use Exchange site : You would need to create an account at one of the many exchanges (e.g. kraken, bitstamp, Poloniex, bittrex) and there you would have a new bitcoin wallet to transfer your bitcoin. After your bitcoin have arrived to your new wallet you will be able to sell them and transfer the fiat amount (money/ currency in USD) to your bank account.
you're also use Payout service: There are a few services that will accept bitcoin for fiat (EUR, USD, CNY,...) this means you send them your bitcoin from your wallet of choice and they will transfer the amount (minus a fee 0.5%) to your account (or any other bank account of your choosing e.g.: to your Landlords to pay for rent). This is very easy to use and i have had good experiences with Bitwala, they charge 0.5% and there is no risk of hackers taking your bitcoin. The money was on my account after 1-2 day(s).
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October 22, 2017, 12:26:15 AM
 #98

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 basically there is a mobile app and website that easily convert bitcoin to our local currency, you can also use this to buy stuff online and this is so easy to use and to cash out your money with a small fees.

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October 22, 2017, 12:27:06 AM
 #99

In our country we have a market or whatever you call that platform, where you can buy bitcoin instantly just go to 7/11 stores nationwide then with in minutes you can buy and exchange fiat to BTC same with converting Bitcoin fiat just with 1 click and in seconds. You can also withdraw your money directly to your bank account with no fee. Glad we got it here.

You can buy bitcoin:

7-Eleven stores nationwide (NO verification needed)
Bank deposit
remittance
more..

You can exchange bitcoin to FIAT --> Instantly with just 1 click and in seconds
You can withdraw bitcoin same day --> with in an hour or minutes "Need to convert btc to fiat first"
You can use bitcoin to pay bills and buy online stuff.

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October 22, 2017, 01:06:10 AM
 #100

There are many ways to cashout your bitcoin. I personally transfer some of my bitcoin to neteller every once in a while and i use the card to get the money. I use neteller because paypal is baned in my country for unkonwn reasons. I believe you can transfer the amount you want to cash out to your paypal account and get it out. Or you can transfer them to one of the online bitcoin casinos then transfer it. It really simple.

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