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boynegro
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March 07, 2018, 12:00:20 PM
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Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
Learn how you can easily cash out Bitcoin, to turn it into USD, EUR, or other fiat ... you have to withdraw your Bitcoin and what the best ways are to do it.

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March 07, 2018, 12:08:10 PM
 #22

Of course you will need to look not at the national currency but on the dollar and there will be a good way for subsequent cashing then just transfer to your currency.

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March 07, 2018, 01:32:48 PM
 #23

If you are holding high amount of Bitcoins then I would recommend you to contact your legal attorney and take the help. The best way is to sell Bitcoins on the exchange having KYC enabled in it and paying the taxes if there are any. In my country the maximum tax is 30% so it everyone in my country is recommended to pay 30% tax if there is any gain from it. You can check the taxation rate of your country and pay the same.

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March 07, 2018, 01:36:36 PM
 #24

You can exchange your bitcoin to money and if you have a mastercard you can add your bitcoin to your card by exchange site you can visit bestchange.com and you can find many exchange sites choose an exchange site with low fee of transaction

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March 07, 2018, 01:40:28 PM
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Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?

So the government did not gave any chance to the investors to take out the money before freezing the accounts of that exchange ? If the exchange account was freeze because of fraud or some suspicious behavior, then it will take a lot of time. This matter will go in court. You may try appealing to government to speed up this process giving your personal financial situation.

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March 07, 2018, 01:43:23 PM
 #26

I think it will be difficult for you to convert your bitcoin to fiat money. If you can find someone who would buy your bitcoin and send you fiat money as payment, then you can do so. However, if you will only sell small amounts, it would be difficult for you to sell it because some people buy big amount of bitcoin.

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March 07, 2018, 01:47:43 PM
 #27

Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
Try to visit our local board in the Philippines. See trusted members there, then visit Philippines if you have time. As suggestions by other members, peer to peer is the best way to sell your bitcoin. Its the fastest way to cash out.

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March 09, 2018, 01:07:50 AM
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Bitcoin has not only made us financially stable but it also made us more friends and acquaintances. Hence, this users that you have met would surely be able to help you when your country banns the withdrawal/conversion of cash from bitcoin. I think you must know someone really trusted to withdraw an amount from your account and remit it to you thru wire transfer and the likes. However it is a risk that you must weigh and think of.

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March 09, 2018, 01:52:00 AM
 #29

The number one rule of dealing in crypto is NEVER keep your crypto on an exchange. No matter how many times people get burned, you still see people doing this. Keeping money on exchanges is the easiest way to lose your investment. Move your crypto to your own wallet, and store your private keys securely. There are several exchanges that allow buyers from all over the world. Selling crypto, on the other hand, is a little harder. There are some peer-to-peer sites that allow you to sell Bitcoin and transfer the funds to your PayPal account. Search online for this.

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March 09, 2018, 02:01:11 AM
 #30

For me the best way to cash out if you are in a hurry is to sell to someone who buys token in bitcoin or the other side you can cash out the money through banks and it could paypal too. Their are many ways to exchange the money. Or you can refer to coin.ph their are ways there how to cash out.

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March 09, 2018, 02:13:53 AM
 #31

Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange.
I don't live in Malaysia but what's happening there? Can someone give a delight if this is for real that the gov't are freezing bank accounts of bitcoin exchanges? Gov't is responsible for giving a directive to the banks and the bank itself that shall give sanctions to these bitcoin exchange bank accounts. I have heard this type of news but with different country and IIRC that's in India and afterwards, FUD came out that bitcoin is ban in India.
Is it easy to open an account in another country?
There are citizens in my country that does have bank accounts offshore so I guess it will be easy for you if you have big money.

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March 10, 2018, 12:15:40 PM
 #32

It's time to sell bitcoins and collect the money earned. In this situation, you can again use exchangers or withdraw money through the exchange.
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March 10, 2018, 12:22:38 PM
 #33

Maybe you can sell them by cash to people who wants to buy Bitcoin with cash in Malaysia. Some banks in Turkey allows you to open bank accounts easily, buy you should visit Turkey to open the account.
What if you want to cash out your bitcoins? Find out the banks and remittance centers that let you withdraw your bitcoins to cash, plus the payout fees.

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March 10, 2018, 12:24:25 PM
 #34

I think it will be difficult for you to convert your bitcoin to fiat money. If you can find someone who would buy your bitcoin and send you fiat money as payment, then you can do so. However, if you will only sell small amounts, it would be difficult for you to sell it because some people buy big amount of bitcoin.
Once you complete a sale, you'll receive the money into your Cash Balance and be able to either withdraw into your bank account, PayPal account or Bitcoin wallet.

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March 10, 2018, 12:28:22 PM
 #35

Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
Submit a request
Coins.ph Help Center  Managing your funds Cashing Out / Claiming Cash

Search
Articles in this section

How do I claim my cash through Cardless ATM Instant Payout?
What are the new eGiveCash limits?
Paano mag-cash out sa M Lhuillier Kwarta Padala?
Paano mag-cash out sa Palawan Express Pera Padala?
Paano magcash-out gamit ang RCBC MyWallet?
Paano mag-cash out gamit ang Globe GCash?
Paano mag-cash out sa aking Coins.ph wallet?
Paano mag-cash out gamit ang door-to-door Delivery (LBC Pesopak)?
Paano mag claim ng funds gamit ang LBC Peso Padala?
Paano mag-claim ng funds gamit ang Cebuana Lhuillier Express Cash Pick-up?
SEE MORE
How do I cash out of my wallet?
 Avatar  Coins.ph
Updated 1 day ago
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Cashing out through Coins.ph lets you directly claim funds out of your wallet or send money to anyone in the Philippines via bank transfer, cash pickup, mobile money, or door-to-door delivery.

Here are the steps:

1) Choose the cash-out option that is most convenient for you.

Note that if you cash out through a remittance outlet before 10 am on a regular business day, you will receive it on the same day. Outside of that, you will receive the cash in your chosen outlet on the next business day.

*For more urgent cashouts, we recommend using our coinsXpress option – Cardless ATM Instant Payout, Globe GCash or through Express Cash Pick-up (via Cebuana Lhuillier).

 



 

2) Within each option, you can select the specific payout method. If you choose 'Bank' for example, you can select any bank where you or your recipient can conveniently get the cash.



 

3) Enter the amount that you want to cash out. Transfers to your bank have zero fees, unless it's a branch outside Metro Manila.



 

4) Enter recipient details and the bank account number, then click 'Complete payment.' The funds will be transferred from your wallet to the chosen account once we have processed your cash out.



5) Lastly, choose which wallet you would use to fund your transaction and enter your verification code. Click pay to successfuly place your order.



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Reid
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March 10, 2018, 12:31:17 PM
 #36

Have you tried your local bitcoin exchange?
Well they might be doing that for every country and tou cannot stop it.
They have to get something from people and that means more tax.
Freedom is a lie so be ready for more account freezing because they will do it more if they see a lot of money that are being withdrawn.

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March 10, 2018, 12:36:21 PM
 #37

Maybe you can sell them by cash to people who wants to buy Bitcoin with cash in Malaysia. Some banks in Turkey allows you to open bank accounts easily, buy you should visit Turkey to open the account.
Yeah. That's right. I think you just need to find someone that is interested to buy bitcoin. If you found someone then just make a deal and sell it. In this way you won't need to go to Turkey or another place just to cash-out. But remember, choose your client wisely.
Well It is the only way I can see to turn your bitcoins into money without going anywhere since cashing-out bitcoin is difficult in your country unlike here in the Philippines. There are lot of near banks and Money exchanges for cashing-out Money from bitcoin.

Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
Submit a request
Coins.ph Help Center  Managing your funds Cashing Out / Claiming Cash

Search
Articles in this section

How do I claim my cash through Cardless ATM Instant Payout?
What are the new eGiveCash limits?
Paano mag-cash out sa M Lhuillier Kwarta Padala?
Paano mag-cash out sa Palawan Express Pera Padala?
Paano magcash-out gamit ang RCBC MyWallet?
Paano mag-cash out gamit ang Globe GCash?
Paano mag-cash out sa aking Coins.ph wallet?
Paano mag-cash out gamit ang door-to-door Delivery (LBC Pesopak)?
Paano mag claim ng funds gamit ang LBC Peso Padala?
Paano mag-claim ng funds gamit ang Cebuana Lhuillier Express Cash Pick-up?
SEE MORE
How do I cash out of my wallet?
 Avatar  Coins.ph
Updated 1 day ago
Follow
Cashing out through Coins.ph lets you directly claim funds out of your wallet or send money to anyone in the Philippines via bank transfer, cash pickup, mobile money, or door-to-door delivery.

Here are the steps:

1) Choose the cash-out option that is most convenient for you.

Note that if you cash out through a remittance outlet before 10 am on a regular business day, you will receive it on the same day. Outside of that, you will receive the cash in your chosen outlet on the next business day.

*For more urgent cashouts, we recommend using our coinsXpress option – Cardless ATM Instant Payout, Globe GCash or through Express Cash Pick-up (via Cebuana Lhuillier).

 



 

2) Within each option, you can select the specific payout method. If you choose 'Bank' for example, you can select any bank where you or your recipient can conveniently get the cash.



 

3) Enter the amount that you want to cash out. Transfers to your bank have zero fees, unless it's a branch outside Metro Manila.



 

4) Enter recipient details and the bank account number, then click 'Complete payment.' The funds will be transferred from your wallet to the chosen account once we have processed your cash out.



5) Lastly, choose which wallet you would use to fund your transaction and enter your verification code. Click pay to successfuly place your order.



It is difficult to cash-out Money using coins.ph if you're in Malaysia(except if you're a Filipino OFW). Before you cash-out from coins.ph a verification ID of Government of the Philippines is required. How can someone from Malaysia can verify an Philippines Government ID?

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March 10, 2018, 12:39:41 PM
 #38

Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
I think you can do that using a vpn and exchange your bitcoin using paypal or bank transfer we have a section for this in this forum or a local forum in this forum, you can transact with your fellow malaysian be sure to only transact to a trusted member or exchange to avoid unnecessary hassle

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March 10, 2018, 12:41:46 PM
 #39

Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?

It’s shocked me that Malaysia now is freezing bitcoin users bank account and haven’t hear any news regarding that policy. If you have Link with this, please share it to the community so it would be easy for them to understand your situation. Your bitcoin friends or group of people living in your country who also into crypto can help you with that matter.

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March 10, 2018, 12:42:47 PM
 #40

Hi All, Living in Malaysia and the Gov. freezing bank accounts of Bitcoin exchange. How to cash out bitcoin? Is it easy to open an account in another country?
I think you should find a people that wants to buy bitcoin through cash.  I hope you will find a person that willing to bought your bitcoin in cash.

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