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Author Topic: The best BTC cashout method?  (Read 1911 times)
dirtmcgirt
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November 14, 2013, 11:53:07 AM
 #21

how localbitcoin worx? You bring the wallett on flashdrive?
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mel2000
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November 14, 2013, 12:15:56 PM
 #22

Local bitcoins
I have my BTC with Coinbase. How can I cash them out from Localbitcoins? Where can I find the USD exit pricing of BTC with Localbitcoins?
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November 14, 2013, 12:18:40 PM
 #23

If you live in The Netherlands you could use Bitonic.

EDIT: IF you have an International Bank Account Number and live inside the SEPA bank zone, you could sell to them too, but will have to understand Dutch, haha.

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andrey2345
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November 14, 2013, 12:21:14 PM
 #24

I use webmoney. Not for long though. They have a currency for bitcoins - wmx. You can convert back and forth between different services.
andrey2345
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November 14, 2013, 01:45:31 PM
 #25

Would be nice to kow how localbitcoin really works? I imagine, like in action movies, two parties with laptops waiting for the transfer confirmation... The only thing that 6 confirms will take about an hour, which isn't really convenient...
Haidang1796
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November 14, 2013, 11:25:39 PM
 #26

That's my question too. How can we do it?

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November 14, 2013, 11:27:34 PM
 #27

Would be nice to kow how localbitcoin really works? I imagine, like in action movies, two parties with laptops waiting for the transfer confirmation... The only thing that 6 confirms will take about an hour, which isn't really convenient...

Smartphone and 1 confirmation is all you need  Wink
Gator-hex
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November 15, 2013, 12:38:23 AM
 #28

Would be nice to kow how localbitcoin really works? I imagine, like in action movies, two parties with laptops waiting for the transfer confirmation... The only thing that 6 confirms will take about an hour, which isn't really convenient...

It is exactly like that. You meet in a public place like a cafe that has wifi and have a cup of coffee while you do the transaction.
For some people it's a more fun to do Bitcoin transaction like this. It doesn't take an hour if you pay a decent transaction fee.  Wink

andrey2345
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November 15, 2013, 05:37:14 AM
 #29

One confirmation is too small, IMHO. It makes double spent attack very much possible. And if I trade some significant amount, like couple BTCs, I would like to have at least 3-4 confirms. Which is about 30-40 minutes, and you can't be faster than that, no matter how much you pay for a transaction fee, because as we know the whole BTC network adjusts itself to make sure blocks are generated at somewhat constant rate of one per 10 minutes.

FYI, BTCGuild pool at some point was able to solve 6 blocks in a row, which make even 6 confirms look not so secure any more.
marcotheminer
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November 15, 2013, 06:20:00 AM
 #30

Best method would be cash and in person maybe using local bitcoins for example.

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tspacepilot
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November 15, 2013, 06:40:48 AM
 #31

Is localbitcoins where you just meet someone local to you and trade?  Is it a specific site?  Must I use google for this?
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November 15, 2013, 10:31:59 PM
 #32

as many have said local bitcoins is good but I'd also suggest green dot cards.  If you can find some one with a good trust rating around willing to help that is an option for u also.

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November 15, 2013, 10:56:29 PM
 #33

does "local bitcoins" mean we just find a guy somewhere local? 
hieroglyph
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November 15, 2013, 11:10:50 PM
 #34

does "local bitcoins" mean we just find a guy somewhere local? 

It is a site where you can see people in you general area who have bitcoins for sale, so it's worth checking out.  It's sort of like craigslist for bitcoins.  I've never used it yet but the overall process seems pretty straight forward I just can't say much on how the site works.

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November 15, 2013, 11:38:38 PM
 #35

I use localbitcoin for a majority of my cash outs but sometimes through CaVirtex...  But I usually end up buying bitcoins back the same week.  Smiley
JDice
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November 16, 2013, 12:06:36 AM
 #36

Does anyone know a good BTC cash out method in China/Hong Kong/Asia?

Thanks
hieroglyph
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November 16, 2013, 12:15:25 AM
 #37

Does anyone know a good BTC cash out method in China/Hong Kong/Asia?

Thanks

I do not but it is a good question and I'm interested to see what ideas others suggest all the best finding a viable option.

1001bitcoins
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November 16, 2013, 12:33:27 AM
 #38

local Bitcoins is good. IMHO
JDice
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November 16, 2013, 12:50:13 AM
 #39

Local Bitcoins looks ok, but what if I need to sell 5btc and no buyer wants to buy 5btc?
So, I need to find 5 buyers at 1btc each?
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November 16, 2013, 12:56:06 AM
 #40

If you live in vancouver i highly recommend you go and try out the bitcoin atm machine if not try mtgox
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