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aardvark15
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November 22, 2017, 01:04:11 PM |
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As being new to the crypto currency world. I like to know how do you cash you your money?
such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
I’ve used Coinbase to cash out and it seems to work fine for me. Another option is to use localbitcoins for your area. I think there may be a few other exchanges that allow cash outs so you would need to find one in your country. Also, if you know someone that wants to buy Bitcoins, then that’s the safest and easiest way to cash out and avoid the middle man. |
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erickkyut
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November 22, 2017, 01:06:27 PM |
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As being new to the crypto currency world. I like to know how do you cash you your money?
such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
There are many ways to convert your crypto to real money. First you can transact with a person who is looking for a crypto in exchange for fiat money but it is too risky. In our country, our local online wallet has many options on how to cash out our Bitcoin. We can cash it out via money remittance center or we can make wireless withdrawal on a certain bank. We can also directly convert our Bitcoin into real money and cash it out directly to our bank account. |
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Shamie1002
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November 22, 2017, 01:20:32 PM |
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As being new to the crypto currency world. I like to know how do you cash you your money?
such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
There are many ways to convert your crypto to real money. First you can transact with a person who is looking for a crypto in exchange for fiat money but it is too risky. In our country, our local online wallet has many options on how to cash out our Bitcoin. We can cash it out via money remittance center or we can make wireless withdrawal on a certain bank. We can also directly convert our Bitcoin into real money and cash it out directly to our bank account. I agree. So I think we are in the same country. Just guessing. OP is right. I just wanted to share my own ways of converting BTC to fiat although he already said it clear. By via wallet, I am a load retailer. I receive ten percent rebate. So I have converted my btc with a profit. Another way is by exchanging with my friends. I have friends using cryptos, it's easier because I trust them and wallet connected to remittances. Also tried banks but IDs are needed. |
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Ucy
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November 22, 2017, 01:21:10 PM |
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Check out www.localbitcoins.com . It is a great site to buy and sell Bitcoin alone. By the way, your post is about Cryptocurrency is general, no mention of Bitcoin so shouldn't be here. Should be moved to Altcoin section. |
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sofi@
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November 22, 2017, 01:24:41 PM |
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Every country who permits bitcoin transaction has their own specific online wallets but the common was block chain. In my country which is Philippines we have this coins.ph which was regulated by many remittance center and commercial banks and because of that cash out of bitcoin is an easy thing to do we just deposit it directly in our account or thru remittance centers in few minutes our hours our cash were ready to withdraw
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Jamhuck
Newbie
 Offline
Activity: 31
Merit: 0
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November 22, 2017, 01:32:13 PM |
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I use itbit.com, they're great and reliable, have cashed out large amounts with them
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bellamae
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November 22, 2017, 01:36:35 PM |
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In my country, there's an app which can be downloaded on cell phones. It's also called a wallet Let's say we can also have a bank account. This wallet is here's depositing our wages in the campaign. And in this wallet we can convert bitcoin to cash. And when we convert we can cash out through cabana, Palawan, etc. And we can transfer it to our bank account. Every country have their own and they can only be used.
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gesdan
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November 22, 2017, 01:52:22 PM |
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what is crypto? if it is bitcoin you can exchange in on exchanger market on internet sirectly and withdraw your money to your bank account, if your crypto currencies is like DOGE,LTC i think you can sell it first into BTC and sell it into your local currency, because not of all maarket is accept the other crypto to local currencies
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swogerino
Legendary
Offline
Activity: 3192
Merit: 1240
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November 22, 2017, 01:56:32 PM |
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I am using Skrill. Be informed though that when you do withdraw from Kraken or any other exchange they declare where the money goes so you maybe asked where did you get your money from , from different local agencies of different governments if you happen to leave in a not so developed country. A friend of mine was under investigation for one month in Serbia from the ministry of Interior when he withdraw 20000 EUR from Kraken and that was not pleasant to say the least.
Always upload directly from your wallet and exchange through Bitpay and then from Skrill to bank account. Risks are minimal this way if you leave in a country like Serbia for example.
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frowsiter
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November 22, 2017, 04:15:18 PM |
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My way is pretty simple and I believe it is most common way to acquire the bitcoin and get it converted to fiat currency.
My initial income is from the signature campaign only. So once I receive my bitcoin in my wallet on weekly basis then I will transfer them on to my countries local bitcoin wallet which has exchanger feature and by using which I can simply convert everything into fiat currency. This transaction is KYC authorised and they provide the complete invoices and all to me. After which I can simply withdraw this fiat money into my bank account easily that too KYC verified.
So that’s how everything works for me and it’s the most easiest way to go around it. :-)
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ross09
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November 24, 2017, 10:57:54 PM |
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I actually don not know how to cash out crypto in country wherr I am in now ... but in my birth country I think they have apps that needs to download... and sign up but ofcourse you need to have your blockchain wallet I think its centralize ...where ever you are you need to have your blockchain wallet.. that is all I know and I hope soon I'll learn how to cash out my bitcoin and where to cash out.
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jovs
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November 24, 2017, 11:03:35 PM |
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As being new to the crypto currency world. I like to know how do you cash you your money?
such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
You could use an exchange like Kraken to convert BTC to USD. Coinbase works too. That is the best way for people to cash out crypto-currency, we all that bitcoin depends on the price of fiat so the thing is we need to convert or to exchange bitcoin to exchanger before we could used it as a form of physical currency because there is still no physical ewuv of bit on or any other currency that we could used on transactions. But for me it is better to invest and to used Bitcoin in transavtion through out the web , because it could offer faster and reliable transactions. |
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DARKANGEL6415
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November 24, 2017, 11:08:16 PM |
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As being new to the crypto currency world. I like to know how do you cash you your money?
such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
It just depends on where you live and how fast you are trying to het access to your fiat funds. For example with bitcoin that is held in coinbase can be sold and transferred to bank account in like 2 to 3 days. If you get a shift card you can link it to bitcoin wallet and spend it in real time . |
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East7547
Jr. Member
Offline
Activity: 46
Merit: 10
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November 24, 2017, 11:09:56 PM |
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Coinbase is probably one of the most reputable
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rodskee
Full Member
Offline
Activity: 2408
Merit: 202
★Bitvest.io★ Play Plinko or Invest!
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November 24, 2017, 11:12:13 PM |
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As being new to the crypto currency world. I like to know how do you cash you your money?
such as taking your crypto and taking it out into real money?
eg transfers to paypal?
etc. what methods suggested?
it simple to cashout the crypto's came from alt you need to convert your coins into the bitcoins, because alts are not convertible into fiat, but you if have bitcoin and you want it convert into fiat all do have to do transfer your bitcoin in your local wallet accepting bitcoin to convert into fiat in your country. |
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bitcoinmaniac52
Sr. Member
Offline
Activity: 532
Merit: 250
Presale is live!
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November 24, 2017, 11:14:45 PM |
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If you want to cash out your crypto, the best way is by using https://localbitcoins.com make an account there and make sure you have a bank account in your country and then you can sell your BTC directly to your bank account in an hour. |
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JID-33
Newbie
Offline
Activity: 12
Merit: 0
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November 24, 2017, 11:39:01 PM |
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There are cards like the monaco one and many others coming out. There are also exchanges that will allow you to go from many coins to USD. Wallets with exchange features. And there is always transferring the USD from the exchanges bank to your bank account.
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xBitHodler
Member
Offline
Activity: 112
Merit: 10
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November 24, 2017, 11:42:35 PM |
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There are plenty of ways to cash out your BTC. Most of the exchanges can send bank transfer directly to your bank account - this is the most common and the most popular method. Some of them also offer withdraw from ATMs. Personally, this method suits me the most because it is really convenient. The only thing you have to do is to enter proper PIN which you are given earlier.
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samcrypto
Sr. Member
Offline
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
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November 24, 2017, 11:44:31 PM |
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I transfer my btc from poloniex to my local wallet and convert it into fiat money easily. I think it really depends on your place.
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Bardman
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November 25, 2017, 12:16:34 AM |
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https://www.buybitcoinworldwide.com/buy-bitcoin-bank-transfer-account/Most of those also allow you to withdraw money to your bank account but many of them would ask you for identification, usually ID and proof residence. I personally used Cex.io and it worked out just fine. I used to use btc-e to withdraw money to my bank account but now that they have changed I don't know if you should take the risk.
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