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Author Topic: Cash Out Bitcoins - Best way?  (Read 2208 times)
bbit
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October 05, 2011, 06:43:40 PM
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So what is the best way to convert your bitcoins to U.S dollars right now?
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cm68jd
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October 05, 2011, 07:13:24 PM
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mtgox or a bitcoin atm if anyone would develop it.
bbit
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October 05, 2011, 07:26:12 PM
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mtgox or a bitcoin atm if anyone would develop it.

Thanks Smiley checking how it works with Mt. Gox
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October 06, 2011, 03:42:20 PM
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does anyone know if mtgox sends cashout & trade records to IRS?
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October 06, 2011, 05:10:31 PM
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If it is a time thing,
https://bitcoinbux.com

You can PM me with any questions too Smiley

http://cryptoswap.com
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bbit
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October 06, 2011, 07:50:37 PM
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does anyone know if mtgox sends cashout & trade records to IRS?

I don't know if they do.
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October 06, 2011, 07:51:30 PM
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If it is a time thing,
https://bitcoinbux.com

You can PM me with any questions too Smiley

PM sent  Grin
Evil Juggalo
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October 06, 2011, 09:53:11 PM
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does anyone know if mtgox sends cashout & trade records to IRS?

Doubtful.. But even if they did, currently it wouldnt link back to you unless they did a LOT of investigation..
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October 06, 2011, 09:57:07 PM
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Maybe consider cashing out a portion through alternate means?

https://bitcointalk.org/index.php?topic=46855.msg557865

Wink

CryptoCurrency for Gemstones ... Website | Main Thread  -  c0c0 Trading on YoBit
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October 06, 2011, 11:01:57 PM
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You could use tradehill and request a check the exchange rates are ~equal but there's no fee on a check in the mail(takes 5 days though) or you could just buy thing you want directly with the coins

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October 07, 2011, 06:08:49 AM
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Get a Visa card for your bitcoins here: http://bitcashretail.com/visa.php 

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October 07, 2011, 05:15:36 PM
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does anyone know if mtgox sends cashout & trade records to IRS?

Doubtful.. But even if they did, currently it wouldnt link back to you unless they did a LOT of investigation..

I thought it would be easy, since mtgox already has your bank account info?
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October 07, 2011, 06:38:25 PM
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Why not #bitcoin-otc? I just started and it was the easiest way for me. How much bitcoin are you selling?

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saethan
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October 07, 2011, 07:15:20 PM
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wallet(btc) -> mtgox(sell btc for USD) -> Dwolla(transfer USD from mtgox) -> bank transfer involves, I think, a total of a $0.25 fee if you have a US bank account.  Plus the 3%(I think?) mtgox charges on all trades.

If I'm wrong here somebody correct me, this was my plan.  Smiley
mtgoxCharlie
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October 13, 2011, 09:59:40 AM
 #15

Mt.gox is the way to go and then if you live in the states dwolla is the way to withdraw your earnings.   :Good luck Smiley
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