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Author Topic: The best way to withdraw in cash?  (Read 369 times)
vladdani (OP)
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July 27, 2018, 08:41:03 AM
 #1

I was recently studying this question and here is what I found:
- You can use Coinbase if you are in US and you will feel pain because of their fricking commissions
- You can use some exchanges like Bitfinex, Bittrex and some others but still the rate would be awful
- You can use new platforms like Cryptology and some others but there is no information on them atm but there might be the better rate
- You can use LocalBitcoins (which is banned in Russia)

What is your choice?
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July 27, 2018, 09:30:04 AM
 #2

You have to pay high fee then either way, I think I would choose the safest one like coinbase, localbitcoins is the worst one I would not deal with person.

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July 27, 2018, 09:33:16 AM
 #3

I usually go to local BTC or ETH trading sites in my country to sell and withdraw fiat. That's the only way, depending on the country where we do it.
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July 27, 2018, 09:54:32 AM
 #4

I've found Kraken to work quite well.

They were somewhat laughed at because of their user interface, but I don't need charts on their site directly and they have a team with a long history in the cryptospace. I think the flak they got last year was mainly due to an unwillingness to rush things and make mistakes. In the public eye, that looked like bad performance (which it was), because the team was bad (which it isn't).
I also like that the Kraken founder has a spine and wasn't willing to put up with unnecessary state side bullying.

There's also Gemini, but I haven't looked into them yet.
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July 27, 2018, 10:06:11 AM
 #5

In our country it is unprofitable to do the translations through a banking system. There are many problems. The good decision it to find the person who has cash and agrees to exchange cash for money transfer. Undecided
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July 27, 2018, 10:39:05 AM
 #6

I use Bitfinex, Bittrex, HitBTC most of the time, but their fees are very high, but it is safer, I am willing to pay these high fees!

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July 27, 2018, 01:37:15 PM
 #7

I was recently studying this question and here is what I found:
- You can use Coinbase if you are in US and you will feel pain because of their fricking commissions
- You can use some exchanges like Bitfinex, Bittrex and some others but still the rate would be awful
- You can use new platforms like Cryptology and some others but there is no information on them atm but there might be the better rate
- You can use LocalBitcoins (which is banned in Russia)

What is your choice?
It looks like you are forget to listing to withdraw our money through use the local exchange site or sell them through escrow. I guess i will try or always use this method try to send my bitcoin to the local exchange site in my country and i can withdraw them into the fiat easily.

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bobo012
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July 27, 2018, 03:30:29 PM
 #8

I was recently studying this question and here is what I found:
- You can use Coinbase if you are in US and you will feel pain because of their fricking commissions
- You can use some exchanges like Bitfinex, Bittrex and some others but still the rate would be awful
- You can use new platforms like Cryptology and some others but there is no information on them atm but there might be the better rate
- You can use LocalBitcoins (which is banned in Russia)

What is your choice?

Localbitcoins, atms, sell to your friends, bitstamp has an interesting thing where you can withdraw in gold, and there is no tax on gold. Recently in croatia there was two bitcoin stores opened where you can take 2000 euros in cash without submitting id, thats also nice
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July 27, 2018, 04:39:46 PM
 #9

I've found Kraken to work quite well.

They were somewhat laughed at because of their user interface, but I don't need charts on their site directly and they have a team with a long history in the cryptospace. I think the flak they got last year was mainly due to an unwillingness to rush things and make mistakes. In the public eye, that looked like bad performance (which it was), because the team was bad (which it isn't).
I also like that the Kraken founder has a spine and wasn't willing to put up with unnecessary state side bullying.

There's also Gemini, but I haven't looked into them yet.

Agree, Kraken is very good also there is lots of option of local exchanges for people, they work pretty better than global exchanges in withdrawing money.

Leah38
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July 27, 2018, 04:45:14 PM
 #10

Good day. Here in the Philippines we have coins.ph and other similar mode of withdrawals. But majority of use Filipinos use coins.ph because it is easier and faster to use than the others. You can send btc, ETH and bitcoincash to your coins.ph wallet and there's lots of options how you wanted to cashout your money. Its either through banks or through remittances and the fees are not that high. There's a certain limit for daily withdraws but I would say its a big help for us to encash crypto earnings straight from exchange.
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July 27, 2018, 04:47:26 PM
 #11

I found this article to be super useful on cashing out of crypto
https://medium.com/@oliverbell1994/cashing-out-crypto-for-cash-ef913cb32ed4
Cheers
richeesee
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July 27, 2018, 05:00:41 PM
 #12

Yeah, you can use coinbase as one of exchanger who accept the real fiat. In my country, I just use indodax exchanger cause only this exchanger that have good volume and accept the idr fiat at ny country.
Caesar-Giulius
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July 27, 2018, 06:09:30 PM
 #13

IMO, converting your BTC to fiat will be cheaper and faster at peer to peer exchanges such as localbitcoin. But there are some risks involved since you are dealing with another individual.

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July 27, 2018, 06:16:23 PM
 #14

Bitstamp has only 15 dollars deduction. It was a very fast stock market and I had to take 10-15 dollars up to now.
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July 27, 2018, 07:03:01 PM
 #15

I really think there are specific wallet for each country that will let you withdraw your bitcoin into fiat money, And this kind of wallet had establish them with their respective bank that offer this kind of transaction, But with a fee that you can not really feel, Well in my country there are a bank that are doing so because they really gain in this kind of transaction or that particular bank owner may have bitcoin as well.
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July 27, 2018, 07:17:00 PM
 #16

If I were you, I would stick with Coinbase, you are concern about the commision fee but if the service is okay and seemless why not stick with it.

Also there was a question ask above that you didn't even specify which contry you are from, this could help people to provide the right answer to you
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July 28, 2018, 12:59:03 PM
 #17

There is an increasing number of ATM machines on the high street with many offering to buy bitcoin allowing you to withdraw using cash. Rates aren't great but it's an easy way to do it

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July 28, 2018, 02:11:22 PM
 #18

You can use several other options. I'll bring them down. I used them and had no problems.
https://localethereum.com
https://cryptolocator.com
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July 28, 2018, 02:25:00 PM
 #19

The best way to remove denyushki is through a card. This money is sent to this card. Preliminary, you exchange the crypt at the exchange rate for a convenient volute.
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July 28, 2018, 02:31:09 PM
 #20

I think all of them except localbitcoins are good, but wait bitfinex is not good, you should always trust the bank you send your money and receive from.
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