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Author Topic: Sell BTC for Cash  (Read 540 times)
chocobo21
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December 22, 2017, 12:48:34 PM
 #21

If you want to sell bitcoin for cash then I think a good way to do is by using Local Bitcoin but you need to choose a good buyer with lots of good reviews and then you need to try it with a small amount that you can afford to lose. And if everything is okay then you can continue by trading more. If you want to trade 2000$ then I think it's not very risky, you can do 1000$ each time.
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December 22, 2017, 01:01:55 PM
 #22

Why not accept ATM but first share with us if what site you are talking about that accept ATM cards..
If you feel safe there better to sell your bitcoin and accept ATM since there are people already scam in localbitcoin if you don't follow the escrow rule there are possibility that you will be scam just be ware and follow the rule carefully when dealing to someone in localbitcoin..
About the fee i think better to wait for the network to decrease the fee if you transfer bitcoins right now it will ask for huge fee. so better to wait more weeks or days if the fee lower..
Wait, I thought this guy was talking about withdrawing his Bitcoin in cash with Bitcoin wallet debit card? Or does he want to sell it to a site that is accepting credit cards…? I think you’re wrong. He said he wants to withdraw through an ATM or sell to exchangers on Local Bitcoins site.
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December 22, 2017, 01:34:16 PM
 #23

If you want to sell your bitcoins in cash, well you can actually ask some people that you know or an extended party that they know who wants to buy bitcoin in cash. I know someone (not personally though but a friend from Facebook) who has been trading bitcoin since 2009 and invested I think all of his last pay to bitcoin and you could just imagine how much he has now and he is currently selling some of his bitcoins in return of cash so he wouldn’t have to go through banks because as you know some banks are questioning where they got the money from and when you say bitcoin they kind of have this hesitation why you got that huge amount.
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December 25, 2017, 02:32:55 PM
 #24

Selling to a stranger will give you opportunity to negotiate the price in your favour. Go with this option.
Simple! Most of the localbitcoin guys can even accept to meet you in person if you are skeptical and it is huge cash. I am not sure if $2000 is huge enough though, but who knows? You may find someone ready to cut a deal with you.

At the moment, like you said, transaction is crazy and it is something you just have to bear with so as not to get the transaction stuck for days, otherwise if you feel ATM is better for you, then you can just go ahead.
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December 25, 2017, 03:53:08 PM
 #25

Selling to a stranger will give you opportunity to negotiate the price in your favour. Go with this option.
Simple! Most of the localbitcoin guys can even accept to meet you in person if you are skeptical and it is huge cash. I am not sure if $2000 is huge enough though, but who knows? You may find someone ready to cut a deal with you.

At the moment, like you said, transaction is crazy and it is something you just have to bear with so as not to get the transaction stuck for days, otherwise if you feel ATM is better for you, then you can just go ahead.
Just like what you are saying guys transactions are really getting crazy over me I can't really move on with the fee at the moment, I am just closing my eyes whenever I am seeing the transaction fee, the good thing we kept our coins so that it is not much hurt but the bad thing is when we don't have a choice and we need to en cashed it regardless of the cost.
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December 25, 2017, 03:58:48 PM
 #26

Hello,
I want to sell BTC in Las Vegas. I want to get around 2000 Dollar, depents on the x-change how much BTC I have to spent.

I have to opportunities:
- Sell BTC to a stranger found with localbitcoins.com
- Sell BTC on an ATM.

The x-change rate at an ATM is quite poor, but for me it sounds "safe" to sell it to a maschine.

In general I do not have any idea how it will work. I have a german wallet on bitcoin.de and I'm not interessted in transfering it somewhere else then to the buyers wallet due to the high transaction fees.
What would you think how long I have to wait, until the payment is processed? I'm not interesssted in waiting a long time to get the deal done.

Any tips for the deal beside public area, free wifi and counterfeit money?

Thanks a lot!

I learn from what were you saying to us here, you said that sounds safe if you sell it in ATM, so i think when you feel safet then make transaction there is first choice. Why would you need any tips if you found the safe way depend on your thought? I think just make transaction on ATM.
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December 25, 2017, 04:26:29 PM
 #27

Just look for a guy on localbitcoins, that is what i have been doing for a while, everytime that i want to sell some bitcoins, i just sell by p2p on there, it is very fast because you only need to open the trade and go with him, nothing more than this.
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December 25, 2017, 05:12:42 PM
 #28

Just look for a guy on localbitcoins, that is what i have been doing for a while, everytime that i want to sell some bitcoins, i just sell by p2p on there, it is very fast because you only need to open the trade and go with him, nothing more than this.


Bro if you want to buy the bitcoins using localbitcoins choose the right traders who have cen percent trust and trusted feedback on their profile. Check the value limit you want to buy the btc and wish to buy that.
You have to provide with the bank details to send the payment to him and then you will get the bitcoins for that accordingly in the equals in the cash.
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December 25, 2017, 06:03:31 PM
 #29

Hello,
I want to sell BTC in Las Vegas. I want to get around 2000 Dollar, depents on the x-change how much BTC I have to spent.

I have to opportunities:
- Sell BTC to a stranger found with localbitcoins.com
- Sell BTC on an ATM.

The x-change rate at an ATM is quite poor, but for me it sounds "safe" to sell it to a maschine.

In general I do not have any idea how it will work. I have a german wallet on bitcoin.de and I'm not interessted in transfering it somewhere else then to the buyers wallet due to the high transaction fees.
What would you think how long I have to wait, until the payment is processed? I'm not interesssted in waiting a long time to get the deal done.

Any tips for the deal beside public area, free wifi and counterfeit money?

Thanks a lot!
Why use an ATM when you can just make use of an exchange unless you are very comfortable with the exchange rate of the ATM anyway, then you can go ahead. Also you can make use of preev.com if you want to know the present rate conversion. If the transaction fee is the problem, then the decision is in your hands. With the way the market is, you just have to pay a huge fee to get a fast transaction, and if you compare the two, then you can know the choice to make.
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December 25, 2017, 06:34:03 PM
 #30

You have a lot of options, maybe localbitcoins is the best way to sell your bitcoins, but there are other options like local exchanges in where you can start trades and sell them all, i dont know, this is just my opinion, i always sell all my bitcoins on cex.io

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December 25, 2017, 06:59:29 PM
 #31

this is difficult because ATM bitcoin in your country does not give the best rate for your bitcoin but that more secure rather than sold your bitcoin to stranger however i personally will pick the most secure to ensure i will not getting scammed and bitcoin ATM seems good to be considered although the rate are lower but use them seems secure

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December 25, 2017, 07:43:13 PM
 #32

Using localbitcoins is best, fast, easy and cool. You have so many buyers and you will be able to choose whom to sell to, with this, you get the best deal and at the standard Bitcoin rate.
But if I will say, I would suggest you hold the BTC a little more till it comes back up, that's if you're not in desperate need of cash.
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December 26, 2017, 02:51:50 PM
 #33

Hello,
I want to sell BTC in Las Vegas. I want to get around 2000 Dollar, depents on the x-change how much BTC I have to spent.

I have to opportunities:
- Sell BTC to a stranger found with localbitcoins.com
- Sell BTC on an ATM.

The x-change rate at an ATM is quite poor, but for me it sounds "safe" to sell it to a maschine.

In general I do not have any idea how it will work. I have a german wallet on bitcoin.de and I'm not interessted in transfering it somewhere else then to the buyers wallet due to the high transaction fees.
What would you think how long I have to wait, until the payment is processed? I'm not interesssted in waiting a long time to get the deal done.

Any tips for the deal beside public area, free wifi and counterfeit money?

Thanks a lot!

Go for an ATM, it's much more safe and saves lot of time. Just imagine the whole time you would been looking for a right man for a trade.
Considering the fees that he will end up paying to get the transaction done if he wants to go the P2P way, then it may end up equal to what the ATM may actually end up giving him or even close. For such a transaction, the OP will pay quite a good number for fee which may even take days to get confirmed, but with the ATM, that is a go, you get your cash straight up. No stress!

Face to face transaction in selling Bitcoin is a good way to avoid being scammed however keep in mind that the person you are dealing with is a complete stranger and this stranger may have something else in his mind and its not to exchange his fiat to BTC or vise versa. Don't meet alone, ask someone you know to be with you so if anything bad happens there is someone who can help you out right away.
Face to face is good, however, with the transaction issue, most people may even be skeptical releasing any cash unless they see at least a confirmation, which we both know is hard to quickly see now unless you use a very high fee. It is what it is and from the look of things and depending on how urgent he needs it, his best bet may actually be the ATM.
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December 26, 2017, 03:07:29 PM
 #34

Hello,
I want to sell BTC in Las Vegas. I want to get around 2000 Dollar, depents on the x-change how much BTC I have to spent.

I have to opportunities:
- Sell BTC to a stranger found with localbitcoins.com
- Sell BTC on an ATM.

The x-change rate at an ATM is quite poor, but for me it sounds "safe" to sell it to a maschine.

In general I do not have any idea how it will work. I have a german wallet on bitcoin.de and I'm not interessted in transfering it somewhere else then to the buyers wallet due to the high transaction fees.
What would you think how long I have to wait, until the payment is processed? I'm not interesssted in waiting a long time to get the deal done.

Any tips for the deal beside public area, free wifi and counterfeit money?

Thanks a lot!

Selling bitcoins at localbitcoins is not advisable due to high transaction fee,you need to pay transaction fee and the deposit fee if you wanna sell on localbitcoins,if you can find a trader locally then you can sell him directly to the cash but it is risk to sell directly to an online trader you may get scammed.ATM is also a good idea if you can find them at your local you can sell your bitcoin with ease.

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December 29, 2017, 11:42:37 AM
 #35

Selling to a stranger will give you opportunity to negotiate the price in your favour. Go with this option.
Definitely. When someone is a known person to you and just need to sell or buy something from him or her then surely some reflationary things comes across. You may be dealing with someone your known person than surely you can’t negotiate on prices on that much level. Either you have to agree with the price without any further discussion or he, the seller or buyer, he may accept first.
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December 29, 2017, 01:32:29 PM
 #36

Wow, I wish in Russia was an ATM for bitcoin. Not yet, to my regret. For sure withdraw with ATM, as you are in Las Vegas, it is weird to waste time on waiting for completing transactions, especially if you came in LV to hang out.
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December 29, 2017, 03:52:05 PM
 #37

There are now a few debit cards that you can have and multi wallets that can help you exchange Bitcoin in real time and purchase products offline and online with a debit card. CRYPTOPAY, TENX and CENTRA all now have debit cards as well as PAYZA, but payza is very expensive when converting Bitcoin and altcoins and they charge hefty fees in all their transactions. I am also looking into alternatives at the moment like Cryptopay.


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December 29, 2017, 04:37:32 PM
 #38

The best thing that you can do is just sell on p2p in localbitcoins, that is probably the best thing that you can do.
You are going to stay in there for a few minutes, just open the trade in localbitcoins once that you are in there and he will give you the cash. It is simple as that..


Sounds to easy for me Cheesy
I hoped it will work like this. I think I will try it in Vegas and pick someone over localbitcoins who has several transactions.

This kind of thing is very easy to do but if you do not understand at all it will certainly be quite difficult. I think you should get certain information first, for example from friends or from sites that teach how to exchange.
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December 29, 2017, 04:58:19 PM
 #39

Hello,
I want to sell BTC in Las Vegas. I want to get around 2000 Dollar, depents on the x-change how much BTC I have to spent.

I have to opportunities:
- Sell BTC to a stranger found with localbitcoins.com
- Sell BTC on an ATM.

The x-change rate at an ATM is quite poor, but for me it sounds "safe" to sell it to a maschine.

In general I do not have any idea how it will work. I have a german wallet on bitcoin.de and I'm not interessted in transfering it somewhere else then to the buyers wallet due to the high transaction fees.
What would you think how long I have to wait, until the payment is processed? I'm not interesssted in waiting a long time to get the deal done.

Any tips for the deal beside public area, free wifi and counterfeit money?

Thanks a lot!

this is your choice, if you really need money then you should sell your bitcoin to get cash, and preferably if trading do not use money which is only very useful, because if you are stuck in a high price and you are in need of money then you will feel depressed and confused choose to hold or sell loss.
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December 29, 2017, 05:26:00 PM
 #40

No. Do not tell the lie. Bitcoin price is very cheap now. I will hold until it reaches $30k in new year. Bitcoin is always the biggest coin in the world

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