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Author Topic: where to sell my BTC (internationally)  (Read 147 times)
aliitp
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August 23, 2018, 01:21:09 PM
 #1

I have few concerns regarding this, say BTC does Hit 100k suddenly (like it did when it jumped to 19k about a year ago) at some point, will Any Exchange actually accept buying my ONE (1 BTC) and give me Cash Huh?.....

Which Trusted International Exchanges should I deal with to sell my BTC in exchange for Fiat ??...

I am from Dubai, we have here a website called Bitoasis, but am hesitant, I have a feeling that many exchanges will refuse buying my BTC for real cash WHEN BTC hits huge numbers 30-100k $...

plz correct me if am wrong...
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August 23, 2018, 01:27:57 PM
 #2

I have few concerns regarding this, say BTC does Hit 100k suddenly (like it did when it jumped to 19k about a year ago) at some point, will Any Exchange actually accept buying my ONE (1 BTC) and give me Cash Huh?.....

Which Trusted International Exchanges should I deal with to sell my BTC in exchange for Fiat ??...

I am from Dubai, we have here a website called Bitoasis, but am hesitant, I have a feeling that many exchanges will refuse buying my BTC for real cash WHEN BTC hits huge numbers 30-100k $...

plz correct me if am wrong...

Why wouldn't they? If that's the price bitcoin is going for, i''m pretty sure almost every exchange would buy it for ~0.5% less, or whatever is profitable for them.

Bitcoin won't randomly jump to 100k, it will only do so if there is a large enough demand for it. Bitcoin isn't a shitcoin like so many other coins where there would be no liquidity to sell/buy.

I doubt that if this ever happens the reaction of exchanges will be any different than what we saw when bitcoin jumped to ~20k.

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August 23, 2018, 01:29:46 PM
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I am from Dubai, we have here a website called Bitoasis, but am hesitant, I have a feeling that many exchanges will refuse buying my BTC for real cash WHEN BTC hits huge numbers 30-100k $...
I think the best exchange to do just that is localbitcoins, that is if someone is willing to buy bitcoins to you at that price. That being said, I guess a better course of action that you can take is to temporarily convert your bitcoins into USDT or any other stable crypto wherein its price(in USD) rarely moves when such scenario happens again and then convert it back to bitcoin after it has dumped.
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August 23, 2018, 03:12:04 PM
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Bitcoin worth what it worth because there is people that wants to buy it at the price, so if eventually bitcoin cost 100k usd( i hope so) there will be people that will want to buy them, now the price is around 7k and thats the market price, its the same 7k or 100k, imagine this conversation when bitcoin worth a dollar and they where talking about 1k, its the same. I recommend you to trade them at localbitcoin. Good luck.

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August 23, 2018, 03:21:51 PM
 #5

I have few concerns regarding this, say BTC does Hit 100k suddenly (like it did when it jumped to 19k about a year ago) at some point, will Any Exchange actually accept buying my ONE (1 BTC) and give me Cash Huh?.....

Which Trusted International Exchanges should I deal with to sell my BTC in exchange for Fiat ??...

I am from Dubai, we have here a website called Bitoasis, but am hesitant, I have a feeling that many exchanges will refuse buying my BTC for real cash WHEN BTC hits huge numbers 30-100k $...

plz correct me if am wrong...

Yeah. Why would they refuse? Services that buy and sell bitcoin makes profit regardless of high or low bitcoin's price is as they have their own price cuts. It's not like they would hold(or hodl) the bitcoin. Those kinds of services pretty much automatically sell the bitcoin they buy and vice versa to protect them from the volatility.

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August 23, 2018, 03:35:40 PM
 #6

Which Trusted International Exchanges should I deal with to sell my BTC in exchange for Fiat ??...

I am from Dubai, we have here a website called Bitoasis, but am hesitant, I have a feeling that many exchanges will refuse buying my BTC for real cash WHEN BTC hits huge numbers 30-100k $...
when bitcoin price reaches $100k meaning there is quite high market demands
it's not whether there will be a buyer for it, but how you are going to cash out that sum of money 
the problem arises when you are requesting transfer to your fiat bank account
any exchange/business will request for KYC verification to comply with local regulations
and with that kind amount of money, they would do it very cautiously

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August 23, 2018, 04:10:45 PM
 #7

Don't worry about it too much, if the market priced Bitcoin at 100,000$ they would exchange it for 100,000$ in fiat. If they are a legit and registered company then they have the obligation to pay on what you have and how much it was priced during that time. I did a quick check on their website and everything looks legit as they also have AML compliance with their users as well as career opportunity for developers in their company I even check some Reddit pages about it and everything checks out. Now if you still having doubts or you still have a gut feel that they would runaway I suggest transferring and storing your 1 BTC in a local wallet provider as they also have the function of buying your BTC for Fiat, keep in mind that they also require KYC for a certain amount of transaction.

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r1s2g3
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August 23, 2018, 04:21:14 PM
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 #8

I have few concerns regarding this, say BTC does Hit 100k suddenly (like it did when it jumped to 19k about a year ago) at some point, will Any Exchange actually accept buying my ONE (1 BTC) and give me Cash Huh?.....

Which Trusted International Exchanges should I deal with to sell my BTC in exchange for Fiat ??...

I am from Dubai, we have here a website called Bitoasis, but am hesitant, I have a feeling that many exchanges will refuse buying my BTC for real cash WHEN BTC hits huge numbers 30-100k $...

plz correct me if am wrong...

Unless it is a very shady exchange that want to scam you with your BTC.
Technically exchange is not the purchaser of your BTC it is just acting a medium between buyer and seller and taking there fees in between. They are not the owner so it is not the correct question they should pay.
They are in strategic position where if they got bad intention they can fled taking away others cash and BTC .
So you should keep your BTC on your own wallets (not in the exchange) and deal with the trusted established and regulated exchange when you want to cash out. (But I guess easier way is to buy the goods directly using BTC as mode of payment and you have no worry about exchanges.)
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August 24, 2018, 09:58:23 AM
 #9

Of course they would do.

What's the difference of selling bitcoin $100,000 and at $19,000? you are selling and the price just increased.

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August 24, 2018, 10:58:33 AM
 #10

Taking your concerns into account (yes, everybody says that price doesn't matter, but we've seen how the regulators in many different countries have started moving when the price climbed to 19k, haven't they?) I would register in more than one big legit different exchanges.

I don't know which ones are the best taking into account your nationality, as I don't know the regulations there neither, but some international legit ones are bitfinex, kraken, bitstamp... you can also use localbitcoins and/or hodlhodl, and many other platforms like bitcoin.de for german and european traders, but in your country/continent.

Good luck and I hope it goest to 100k so we all can celebrate. I hope I helped.

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August 24, 2018, 12:45:24 PM
 #11

now i use binance and huobi exchange to buy and sell bitcoin btc.
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August 24, 2018, 01:30:05 PM
 #12

I have few concerns regarding this, say BTC does Hit 100k suddenly (like it did when it jumped to 19k about a year ago) at some point, will Any Exchange actually accept buying my ONE (1 BTC) and give me Cash Huh?.....

Which Trusted International Exchanges should I deal with to sell my BTC in exchange for Fiat ??...

I am from Dubai, we have here a website called Bitoasis, but am hesitant, I have a feeling that many exchanges will refuse buying my BTC for real cash WHEN BTC hits huge numbers 30-100k $...

plz correct me if am wrong...

Be calm. When (if) BTC price will come to 100k everyone will want to buy it due to the crowd psychology.
aliitp
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August 24, 2018, 01:49:01 PM
 #13

Which Trusted International Exchanges should I deal with to sell my BTC in exchange for Fiat ??...

I am from Dubai, we have here a website called Bitoasis, but am hesitant, I have a feeling that many exchanges will refuse buying my BTC for real cash WHEN BTC hits huge numbers 30-100k $...
when bitcoin price reaches $100k meaning there is quite high market demands
it's not whether there will be a buyer for it, but how you are going to cash out that sum of money 
the problem arises when you are requesting transfer to your fiat bank account
any exchange/business will request for KYC verification to comply with local regulations
and with that kind amount of money, they would do it very cautiously

I am pretty much gonna deal with a Registered business here in the UAE, also am not doing anything wrong, say i became a millionaire over night because BTC price jumped so high, is that my fault Huh  Huh
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August 24, 2018, 01:52:11 PM
 #14

I have few concerns regarding this, say BTC does Hit 100k suddenly (like it did when it jumped to 19k about a year ago) at some point, will Any Exchange actually accept buying my ONE (1 BTC) and give me Cash Huh?.....

Which Trusted International Exchanges should I deal with to sell my BTC in exchange for Fiat ??...

I am from Dubai, we have here a website called Bitoasis, but am hesitant, I have a feeling that many exchanges will refuse buying my BTC for real cash WHEN BTC hits huge numbers 30-100k $...

plz correct me if am wrong...


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like binance, coinex, bittrex, u can choose free

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aliitp
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August 24, 2018, 02:01:25 PM
 #15

Of course they would do.

What's the difference of selling bitcoin $100,000 and at $19,000? you are selling and the price just increased.

added to ma Favorites, but TBH they are selling BTC at very high prices, the lowest i found 8k$+, and that's when trying to buy in USD !!!...

also why when paying with CC or PayPal they charge these ridiculous amounts ?!?!?...
aliitp
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August 24, 2018, 02:04:54 PM
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Taking your concerns into account (yes, everybody says that price doesn't matter, but we've seen how the regulators in many different countries have started moving when the price climbed to 19k, haven't they?) I would register in more than one big legit different exchanges.

I don't know which ones are the best taking into account your nationality, as I don't know the regulations there neither, but some international legit ones are bitfinex, kraken, bitstamp... you can also use localbitcoins and/or hodlhodl, and many other platforms like bitcoin.de for german and european traders, but in your country/continent.

Good luck and I hope it goest to 100k so we all can celebrate. I hope I helped.

TBH i got 0 experience trading or even using the trading platform, i was looking for a simply exchange website (internationally trusted) but if not i guess ill stick to the local one we have here in the UAE ...

Thanks,
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August 24, 2018, 02:14:08 PM
 #17

I don't understand your concern. Exchanges are no more than a middleman if the people agreed to pay 100k $ for a BTC then it will be not to mention there are tens of thousands of merchants that accept BTC so you might not need to get back to fiat anyways.

Either way, I suggest you look into bisq a decentralized fiat crypto exchange. I haven't used it personally but people have been giving it good reviews.
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August 24, 2018, 04:51:35 PM
 #18

Just relax.You will be fine.when the time BTC hit 100K enyone willing to buy your BTC without bargaining.

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August 25, 2018, 08:30:24 AM
 #19

added to ma Favorites, but TBH they are selling BTC at very high prices, the lowest i found 8k$+, and that's when trying to buy in USD !!!...

also why when paying with CC or PayPal they charge these ridiculous amounts ?!?!?...

You can solve this issue by having accounts registered with several of the exchanges mentioned here. The larger exchanges with more volume traded will have a fairly stable price more accurately tied to the global average price. Smaller exchanges will have a wider range in price with not as many trades keeping it as closely linked to global price. Honestly it doesn't often get to far out of whack, maybe a few hundred dollars in variation.

Some people use that variation to attempt a quick turn around. Paypal and CC fees are high because they pay fees to utilize that funding option, and they come with more risk. Cutting down on fees is another benefit to multiple exchanges.

You can use low funding/trading fee exchanges for purchases, and the other exchanges for selling and withdrawing from.



Offtopic, please refrain from multiposting you can copy the second post and paste it in as an edit to the first.

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August 25, 2018, 02:07:22 PM
 #20

Selling or buying 1BTC can be more difficult than you would expect.

The problem is that most exchanges require you to verify your identity before you  can sell or buy bigger amounts of bitcoins. and nowadays 1BTC is a BIG amount LOL  Huh

And verifying your identity (to some exchanges) can be time consuming , expensive or even impossible depending on where you are from.

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