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mindfly09
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October 22, 2017, 01:06:54 AM |
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In each country there are different ways to transfer bitcoin in to cash. But in my country is so easy to convert bitcoin in to cash and cash out. because here is a local money changer anywhere connected to the bitcoin wallet. And the good thing about it is you can pay home bills like water bill, electricity bill, internet connection bill, phone load and much more, using bitcoin wallet.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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bakunawaaa
Member
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Activity: 112
Merit: 10
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October 22, 2017, 01:52:53 AM |
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I can speak for Philippines market. Here in PH we have companies accepting bitcoins and services that allow you to cash out bitcoins.
One such company here is coins.ph, it is a company that allows you to buy and sell bitcoins. They have a connection with our local banks so whenever you wish to cash out you just put in an order in the website to wire the money to your account. In terms of buying bitcoin you can use their seven eleven outlets to put some cash in to your coins.ph account to buy bitcoins.
We still dont have altcoin exchanges here and companies accepting or selling them, so the best way to do cashout altcoins would be through converting them first to bitcoins. Bitcoin right now is like the USD of cryptocurrencies.
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kii552007
Newbie
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Activity: 41
Merit: 0
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October 22, 2017, 02:01:22 AM |
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For me, I usually deposit my bitcoin to Skrill, and then use their prepaid card to withdraw the fund from local ATM.
Or simply trade with people on Localbitcoins.
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traderethereum
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October 22, 2017, 06:53:45 AM |
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i am happy to see that today there is many option that we can use to cashout our bitcoin to fiat and we can use without a problem. for people which don't have local exchanges or seller to buy and sell bitcoin, they can use localbitcoin which many of recommended seller and buyer that will receive our orders. beside that, it will be better if we can find one of our friends that willing to accepting our bitcoin and send the money to our bank account, i often use this way if i am in urgent situations so i don't have to wait until hours to receive my money.
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bitcoinsocial09
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October 22, 2017, 07:06:43 AM |
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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.
There are different bitcoin wallets where you can already exchange bitcoin to a lot of currency but i use a wallet most suitable for me and gives other benefits too that i can use. Since i am from the philippines i use a wallet where i can cash in either my own currency or bitcoin already which can be invested on as bitcoins price go up. |
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rhamzter
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October 22, 2017, 07:15:46 AM |
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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.
There are different bitcoin wallets where you can already exchange bitcoin to a lot of currency but i use a wallet most suitable for me and gives other benefits too that i can use. Since i am from the philippines i use a wallet where i can cash in either my own currency or bitcoin already which can be invested on as bitcoins price go up. In out country we can encash our bitcoin in remittance center or else sometimes they were directly deposited it in the bank. Moreover using coinsph wallet they can easily convert the cash into bitcoin and bitcoin into cash so I have no problem regarding conversion or encashment of bitcoin. |
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fiulpro
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October 22, 2017, 07:26:28 AM |
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 Hey Well its really easy you just need to put ypur bitcoins in a wallet that permits this option , infact there are different wallets specific for different countries that do just fine in this line , there you can buy and sell bitcoins but there is usually a margin between buying and selling bitcoins thus that margin might trouble you at first , then you can easily sell your bitcoins and the money that you earned will be added into your wallet and after that it's upto you what you want to do with it , you can transfer it to ypur bank account and thats real cheap, or you can even recharge and do a lots of things, all the services are wallet specific offcourse thus you need to choose the one that suits you the best according to your country, the best will be to ask around your Friends about thw wallet they use.
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cramcram21
Sr. Member
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Activity: 854
Merit: 251
★777Coin.com★ Fun BTC Casino!
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October 22, 2017, 07:31:18 AM |
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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.
Try searching for some local exchanger or some wallet you could use to easily withdraw your bitcoin, Luckily for us who are in the Philippines we could easily trade our bitcoin into Fiat because of our local online wallet. |
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w33man
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October 22, 2017, 07:32:29 AM |
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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 my bitcoins using my wallet. My wallet is coins.ph. The thing is there is a feature in that wallet that allows me to not just withraw my coins but to also use them in buyinng things, which is very convenient. |
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alaeddine1azer
Newbie
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Activity: 36
Merit: 0
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October 22, 2017, 07:34:12 AM |
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It's easy You can sell it or withdraw using credits cards funded by bitcoin ( epayments , spectrocoin, etc ) |
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alaeddine1azer
Newbie
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Activity: 36
Merit: 0
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October 22, 2017, 07:37:33 AM |
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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 my bitcoins using my wallet. My wallet is coins.ph. The thing is there is a feature in that wallet that allows me to not just withraw my coins but to also use them in buyinng things, which is very convenient. Coins.ph only seems to work in Philippines but it offers great solutions  |
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playinem
Newbie
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Activity: 2
Merit: 0
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October 22, 2017, 07:50:10 AM |
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If you are relatively new to digital currency I need to advise you to use care in dealing with some of the exchanges. Ask the people on this forum. I believe that for the most part they are helpful and will give you honest and valuable advice. Without trying to tell you what to do with your money I will tell you that after relying upon some industry reviews posted online I jumped into the digital currency market with CoinBase. I do not believe I could have made a worse decision. Now after talking with real people who have been victimized by this company I realize that they have appropriated the funds of many customers, have essentially no customer service system and no consumer protections in place. I suspect that in what has been a fast and loose marketplace CoinBase is not the only cryptocurrency exchange company out there with a predatorial business model because quite simply bad people will do bad things if they can get away with that conduct. So beware and be careful. Get good advice from real people who have no profit motive in your victimization. Good luck to you.
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nl247
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October 22, 2017, 07:50:47 AM |
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Cashing out is not hard if you can find the exchange available around you. Personally I have always made use of remitano (P2P exchange which has an escrow) and LUNO (direct deposit, former bitx which is pretty fast).
However, with the rate at which new developments are coming up with multi cryptocurrency wallet with a debit card attached to the wallet, cashing out anywhere globally will start becoming easier than we have always had it. The more we grow, the more we keep getting better.
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lady Royal
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October 22, 2017, 07:51:39 AM |
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Well I can easily cashout My Bitcoin in local currency by depositing my all Bitcoin in exchange and find the best deal and trade them for Bitcoins, Or I use localbitcoin the best and safest website but the fee is really high there, So I suggest you should always try your local exchanges for trading Bitcoins.
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santiPOGI
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October 22, 2017, 07:58:24 AM |
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i have some btc add and mytherwallet too !! once i want it to be on fiat i just deposit bitcoins to my coins.ph then withdraw it on some bank or cash pickup outlets ! but for now all my bitcoins are on coins.ph converted to cash and py my bills and other's bill too ! and get their cash  |
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Suzobo
Newbie
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Activity: 46
Merit: 0
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October 22, 2017, 08:05:25 AM |
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As i know that some exchanges provide withdraw into fiat money like usd or euro.
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0t3p0t
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October 22, 2017, 08:09:58 AM |
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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.
Hey mate, it depends on where you are from and your local exchange. Most of my withdrawals are in this process; Bitcoins on my wallet are sent to our local exchanges and from there I sent it into remittance and that's the time I have to get my money and just make sure if you are doing like this please don't forget to bring identification cards if ever the teller ask for it but I know they really are since it is required in doing such transactions. If you are planning to cashout altcoins it has the same process but you must convert your alts into Bitcoin first before doing the said guide listed above. |
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loda.doa
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October 22, 2017, 08:15:21 AM |
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there are many ways convert Bitcoins for cash. There are usually exchange in every country. it allows us to convert our bitcoin into local currency
If you want to convert the Bitcoin to USD you can use Coinbase.it very easy to use
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slate_main
Member
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Activity: 105
Merit: 11
BYTZ
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October 22, 2017, 08:19:17 AM |
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You can even get pre paid debit cards that accept bitcoin, then you can convert to usd, eur, gpb and spend as normal..
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Gabz999
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October 22, 2017, 08:23:23 AM |
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I used a local wallet here in our country were there are a lots of method of I can cash out it. So I think it would probably depends on where country you are. Better to search for a local wallet in your country and see were would you fit to cash it out. There are a lot of applications there just seek around.
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