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Author Topic: Selling BTC for USD?  (Read 794 times)
war3rd
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November 20, 2013, 08:20:28 PM
 #1

I'm going to start unwinding some of my position and was wondering what services US folks use to sell their Bitcoins and get the funds transferred to their bank account? I've generally used Coinbase to buy my Bitcoins, but lately they've been "mysteriously" cancelling my purchases (when the price has gone up post purchase) and I'm really beginning to not trust them. I'm not claiming it's purposeful (though I've been a customer since day 1 and they know by now I'm far from high risk and have level 2 validation), but their customer service, which was great at the beginning when it was just a few guys and not a lot of customers, now is 100% useless (no one ever responds), so I'm really worried about them even touching my Bitcoins or my money.

Are there other US services that people use to cash out? Thanks!
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dominicwin
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November 20, 2013, 08:23:46 PM
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I don't think anyone has had issues with bitcoin sell orders, only buy with coinbase.

CUBAN CIGARS for Sale - Full Boxes and Individual Cigars https://bitcointalk.org/index.php?topic=299151.0
Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
BUYING BTC HERE https://bitcointalk.org/index.php?topic=334920.0
war3rd
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November 20, 2013, 08:26:52 PM
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I'm kind of just worried about the company as a whole, and I'd hate to see a large amount of USD suddenly vanish and have them not to respond to my CS request. I've got 3 tickets open with them currently that haven't been followed up on in weeks.
dominicwin
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November 20, 2013, 08:35:43 PM
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I'm kind of just worried about the company as a whole, and I'd hate to see a large amount of USD suddenly vanish and have them not to respond to my CS request. I've got 3 tickets open with them currently that haven't been followed up on in weeks.

I wouldn't be too worried. It's a startup based in the U.S. backed by venture capitalists.

CUBAN CIGARS for Sale - Full Boxes and Individual Cigars https://bitcointalk.org/index.php?topic=299151.0
Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
BUYING BTC HERE https://bitcointalk.org/index.php?topic=334920.0
war3rd
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November 20, 2013, 08:56:59 PM
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I'm in finance. I've seen tons of companies like this come and go. I've even provided the capital for some. Your assurances in no way reassure me.
Kluge
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November 20, 2013, 08:59:53 PM
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I'm in finance. I've seen tons of companies like this come and go. I've even provided the capital for some. Your assurances in no way reassure me.
Heh - I'm pretty sure he was being sarcastic.

Your best bet is to not use a service, but find someone you can meet and exchange physical cash with. No SAR reports from bank or payment processor, no uncertainty once "payment is made," no other nonsense - just a simple exchange. I think there's been one incident in all of Bitcoin where one went sour because (allegedly) someone was beaten up by the other guy... in Ireland or something, I think, maybe a year ago.

Putting money on a US Bitcoin exchange (or any US-based, BTC-oriented entity which takes and can hold money) right now is like putting your dick in a meat grinder and praying someone will give you money instead of grinding it up.
mrhelpful
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November 20, 2013, 09:10:02 PM
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I'm in finance. I've seen tons of companies like this come and go. I've even provided the capital for some. Your assurances in no way reassure me.
Heh - I'm pretty sure he was being sarcastic.

Your best bet is to not use a service, but find someone you can meet and exchange physical cash with. No SAR reports from bank or payment processor, no uncertainty once "payment is made," no other nonsense - just a simple exchange. I think there's been one incident in all of Bitcoin where one went sour because (allegedly) someone was beaten up by the other guy... in Ireland or something, I think, maybe a year ago.

Putting money on a US Bitcoin exchange (or any US-based, BTC-oriented entity which takes and can hold money) right now is like putting your dick in a meat grinder and praying someone will give you money instead of grinding it up.

This is exactly what I do.

Buy with cash, and do a local transaction. Sacrifice a little bit of gas knowing the comfort you have BTC in a timely fashion.

war3rd
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November 21, 2013, 07:16:38 PM
 #8

I don't mind paying the capgain taxes, but you are probably right about cash in hand versus a service that has trouble operating. I'm not so sure I want to meet some guy in a parking lot with a suitcase full of cash, though. Smiley I've got enough that a proper service would be a much safer option, unless, of course, I'm armed.

I'm in finance. I've seen tons of companies like this come and go. I've even provided the capital for some. Your assurances in no way reassure me.
Heh - I'm pretty sure he was being sarcastic.

Your best bet is to not use a service, but find someone you can meet and exchange physical cash with. No SAR reports from bank or payment processor, no uncertainty once "payment is made," no other nonsense - just a simple exchange. I think there's been one incident in all of Bitcoin where one went sour because (allegedly) someone was beaten up by the other guy... in Ireland or something, I think, maybe a year ago.

Putting money on a US Bitcoin exchange (or any US-based, BTC-oriented entity which takes and can hold money) right now is like putting your dick in a meat grinder and praying someone will give you money instead of grinding it up.
dominicwin
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November 21, 2013, 08:33:08 PM
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I don't mind paying the capgain taxes, but you are probably right about cash in hand versus a service that has trouble operating. I'm not so sure I want to meet some guy in a parking lot with a suitcase full of cash, though. Smiley I've got enough that a proper service would be a much safer option, unless, of course, I'm armed.

I'm in finance. I've seen tons of companies like this come and go. I've even provided the capital for some. Your assurances in no way reassure me.
Heh - I'm pretty sure he was being sarcastic.

Your best bet is to not use a service, but find someone you can meet and exchange physical cash with. No SAR reports from bank or payment processor, no uncertainty once "payment is made," no other nonsense - just a simple exchange. I think there's been one incident in all of Bitcoin where one went sour because (allegedly) someone was beaten up by the other guy... in Ireland or something, I think, maybe a year ago.

Putting money on a US Bitcoin exchange (or any US-based, BTC-oriented entity which takes and can hold money) right now is like putting your dick in a meat grinder and praying someone will give you money instead of grinding it up.



The suitcase of cash in the parking lot doesn't sound too good haha.

CUBAN CIGARS for Sale - Full Boxes and Individual Cigars https://bitcointalk.org/index.php?topic=299151.0
Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
BUYING BTC HERE https://bitcointalk.org/index.php?topic=334920.0
bitcoinbible
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November 22, 2013, 12:33:11 AM
 #10

I'm going to start unwinding some of my position and was wondering what services US folks use to sell their Bitcoins and get the funds transferred to their bank account? I've generally used Coinbase to buy my Bitcoins, but lately they've been "mysteriously" cancelling my purchases (when the price has gone up post purchase) and I'm really beginning to not trust them. I'm not claiming it's purposeful (though I've been a customer since day 1 and they know by now I'm far from high risk and have level 2 validation), but their customer service, which was great at the beginning when it was just a few guys and not a lot of customers, now is 100% useless (no one ever responds), so I'm really worried about them even touching my Bitcoins or my money.

Are there other US services that people use to cash out? Thanks!

where are you located? there is reliable people(devs) in LA, NYC, SF, DC, Denver etc... Cool
*easy $$ !
aktiveradio
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November 22, 2013, 05:18:27 PM
 #11

I am looking at using litetree to sell the BTC I have and cash out.
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