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Cash Out Bitcoins - Best way?
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Topic: Cash Out Bitcoins - Best way? (Read 2361 times)
bbit
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Cash Out Bitcoins - Best way?
October 05, 2011, 06:43:40 PM
#1
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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Re: Cash Out Bitcoins - Best way?
October 05, 2011, 07:13:24 PM
#2
mtgox or a bitcoin atm if anyone would develop it.
bbit
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Re: Cash Out Bitcoins - Best way?
October 05, 2011, 07:26:12 PM
#3
Quote from: cm68jd on October 05, 2011, 07:13:24 PM
mtgox or a bitcoin atm if anyone would develop it.
Thanks
checking how it works with Mt. Gox
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dbrownson
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Re: Cash Out Bitcoins - Best way?
October 06, 2011, 03:42:20 PM
#4
does anyone know if mtgox sends cashout & trade records to IRS?
WiseOldOwl
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Re: Cash Out Bitcoins - Best way?
October 06, 2011, 05:10:31 PM
#5
If it is a time thing,
https://bitcoinbux.com
You can PM me with any questions too
bbit
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Re: Cash Out Bitcoins - Best way?
October 06, 2011, 07:50:37 PM
#6
Quote from: dbrownson on October 06, 2011, 03:42:20 PM
does anyone know if mtgox sends cashout & trade records to IRS?
I don't know if they do.
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bbit
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Re: Cash Out Bitcoins - Best way?
October 06, 2011, 07:51:30 PM
#7
Quote from: WiseOldOwl on October 06, 2011, 05:10:31 PM
If it is a time thing,
https://bitcoinbux.com
You can PM me with any questions too
PM sent
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NITROGEN
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THE LARGEST & MOST TRUSTED
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Evil Juggalo
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Re: Cash Out Bitcoins - Best way?
October 06, 2011, 09:53:11 PM
#8
Quote from: dbrownson on October 06, 2011, 03:42:20 PM
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..
c0ffer
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Re: Cash Out Bitcoins - Best way?
October 06, 2011, 09:57:07 PM
#9
Maybe consider cashing out a portion through alternate means?
https://bitcointalk.org/index.php?topic=46855.msg557865
CryptoCurrency for Gemstones ...
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deslok
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Re: Cash Out Bitcoins - Best way?
October 06, 2011, 11:01:57 PM
#10
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
"If we don't hang together, by Heavens we shall hang separately." - Benjamin Franklin
If you found that funny or something i said useful i always appreciate spare change
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Andrew Bitcoiner
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Re: Cash Out Bitcoins - Best way?
October 07, 2011, 06:08:49 AM
#11
Get a Visa card for your bitcoins here:
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Re: Cash Out Bitcoins - Best way?
October 07, 2011, 05:15:36 PM
#12
Quote from: Evil Juggalo on October 06, 2011, 09:53:11 PM
Quote from: dbrownson on October 06, 2011, 03:42:20 PM
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?
mrkent
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Re: Cash Out Bitcoins - Best way?
October 07, 2011, 06:38:25 PM
#13
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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Re: Cash Out Bitcoins - Best way?
October 07, 2011, 07:15:20 PM
#14
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.
mtgoxCharlie
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Re: Cash Out Bitcoins - Best way?
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
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