How Do You Cashout BitCoins?

[mautenisis]

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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[zhopas]

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]

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

[dianepot]

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]

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]

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]

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.

[bentong talong]

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.

[Maveric99]

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]

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.

[warkop121]

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.

[sandraonas]

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.

[M00nlander]

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!

[darsiderin]

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.

[Tszone]

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

[kingkonjac]

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.

[freshm4ker]

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.

[prehisto]

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.

[Edward Finney]

For me Local bitcoins is the quickest but that comes with a slightly less overall return. Transferring from coinbase to my account in the UK via a SEPA transfer can take up to 7 days which is way too long if the money is needed. But I would recommend local bitcoins for sure

[dimonstration]

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.

true this is how the cycle of cash out the bitcoins for you have to convert it for but if this is automatically bitcoin there is no problem you can cash out it for, using local wallet at last.