What is your favorite way to cash out?

[BlackBoxRecords]

Hi everyone,

I am wondering what's your favorite way to cash out from crypto world? I'd like to know your experience and which platform you prefer. 

My favourite way to cash out is exchanging in local bitcoin or local monero. No problems with taxes and a decent privacy if you know what I mean. It is slow, yet better than other options.

[nata2904]

There is another option for cash through your bank account through a remianto. Just offer your sales price, and the payment was sent to your bank account registered in your profile.

[D3m1r4wanti]

to cash out the results of bounty, airdrops or trading I usually use local exchanger in my country VIP Bitcoin,
very fast, very safe and very reliable

[South Park]

Hi everyone,

I am wondering what's your favorite way to cash out from crypto world? I'd like to know your experience and which platform you prefer. 

I have only cashed out small amounts of money and for that local bitcoins is a great way to do it, you just put there the mount of bitcoin you want to sell, if you want to get a fast sell just give a fair price and you will have a buyer in no time, if you use a face to face trade you can cash out without any problem and without leaving a trail but if you want to cash out a big amount of money you will have to use an exchange.

[iamlds08]

our local exchange coins.ph is good.
better check your local exchange too!
ive tried directly to bank and it is also good.

[jashley]

Definitely avoid banks for cash out because you bank account will be closed. Find a legit exchange, dealer, or you can sell some to your friends the want to come and join you in cryptoworld this one would be lessen your effort to cash out. Selling on my friends is my favorite one because I know that I will not have any problem with them.

[steins19]

There are many ways to cash out mine was the so called coins.ph which is a financial service platform who converts btc to paper money through money transfers. This is an easy way to do because it does not have many requirements like others and less questions where you got your money. Basically it's easier and more hassle free than other types of cash out.

[johnwarren12]

would love to hear from fellow indians about the method they use to cash out

I'm not an Indian though but I guess most of your fellow Indians are cashing out through zebpay.
[/quote]

I'll stay away from zebpay. Cryptos are actually a tabboo for Indian taxation department and I'd like to stay away from them as much as I can. And last month, all Indian exchanges were raided by Indian Income tax department and they got records of users there.

[OriginTrain]

Kraken > USD withdrawal. Simple

[zhekinsp]

I think localbitcoins.com is the best way to cashout our profits or the crypto currencies since it is available in most of the countries.So you can find the traders in your country and you can contact them personally to cashout big money without involving into bank accounnts because it will cost us tax.BUt there is risk here so you need to meet the local traders in public places to make safe transactions.

[Good Bo]

Hi everyone,

I am wondering what's your favorite way to cash out from crypto world? I'd like to know your experience and which platform you prefer. 

Well, cash out most important thing after get profit from our hard working in crypto.
I normally do trading in local exchanger in my country. I just need local bank account and i am very easy cashing out my coin into local fiat.

[crestella]

Whats is your favorite way to cash out? so far I get cash by following the Facebook campaign, Twitter campaign, Telegram campaign and signature campaign, 2 between 4 the gift of this has been proven to pay me, so far I only use this method is to make money.

[South Park]

Definitely avoid banks for cash out because you bank account will be closed. Find a legit exchange, dealer, or you can sell some to your friends the want to come and join you in cryptoworld this one would be lessen your effort to cash out. Selling on my friends is my favorite one because I know that I will not have any problem with them.

It depends from country to country if you go to your bank and tell them what you want to do is likely you are not going to get your account closed, but if you try to do it after you have cashed out then it is possible they are going to close your account for suspicious activity, but as I said if you are open about it and your funds are legit you are not going to have any problem.

[Wipro]

Definitely avoid banks for cash out because you bank account will be closed. Find a legit exchange, dealer, or you can sell some to your friends the want to come and join you in cryptoworld this one would be lessen your effort to cash out. Selling on my friends is my favorite one because I know that I will not have any problem with them.

It depends from country to country if you go to your bank and tell them what you want to do is likely you are not going to get your account closed, but if you try to do it after you have cashed out then it is possible they are going to close your account for suspicious activity, but as I said if you are open about it and your funds are legit you are not going to have any problem.

If you exchange your fund on limit under your account stated you do not find any issues from the banking side. Moreover every bank needs the people use the account more actively. That is the why most of the people creating the current account on some business already they owned.
I do transact the bitcoin to localbitcoins and convert it to fiat cash on banking or online wallets.

[drumsilix]

SEPA BTC

[Rana590]

Majority time i find local buyer to sell my coin. I talk with them on social media. Some time i meet with them. Exchanger can help you in different sector.

[Dennys52]

I think it depends on how convenient or not for you, the way of cashing money. This will mainly depend on where you are in the world, and what currency you want to exchange.

[BeEvil]

I use service https://localethereum.com/ and https://localbitcoins.net/, and very satisfied, everything goes quickly, transfer to the bank, there is an escrow service.

[xrpdavid]

I've been using anycoindirect.eu and I can definitely vouch for them! Don't know what countries the service is available in but it's easy, quick and cheap so my personal favorite website to cash out.

[johnpeter49]

Cashing out will be less and less a problem, when economy will become more and more tokenized and fiat will lose its importance when everyone will realize it is toilet paper baked on false debt.