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Author Topic: Fast and easy way to cash out bitcoin  (Read 296 times)
killiankyc
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June 25, 2019, 11:33:30 AM
 #1

hey, I'm newbie here. how to withdraw btc fast and secure? as I know there are crypto atms in my country and these all cards? how do u do that?
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June 25, 2019, 11:54:40 AM
 #2

hey, I'm newbie here. how to withdraw btc fast and secure? as I know there are crypto atms in my country and these all cards? how do u do that?


i use a exchange/wallet like coinbase and sell my btc and widrawl to my bank acount usualy have it on my bank acount the same day , very hassle free, but the fees on coinbase are extreme so that kinda sucks

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June 25, 2019, 11:58:49 AM
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 #3

I assume by withdraw BTC you mean convert to fiat?

Generally, crypto ATMs only allow you to go fiat >> crypto.

You can obviously go the standard route and withdraw through services like Coinbase, Gemini, or Kraken.

You can sell BTC for a bunch of different things (cash, giftcards, transfer, etc) through Paxful
You can sell P2P through LocalBitcoins.com

There's also a lot of groups (on Telegram) for P2P transactions specific to countries. You could take a look if your country has any.
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June 25, 2019, 12:03:09 PM
 #4

it depends on where you live, what methods you have access to and which one of them are accepting you and also how much privacy you want to have.
the fastest way is to use an exchange to sell  your bitcoins and then cash out and wait for bitcoin to reach your bank account. that way you have access to the liquid market with the best rates instead of using an ATM with bad rates and high fees.

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June 25, 2019, 12:04:31 PM
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For regular withdrawal of Bitcoin it takes around 1-12 hours, all depends on each exchange, some are fast, some are long time.


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June 25, 2019, 12:05:28 PM
 #6

hey, I'm newbie here. how to withdraw btc fast and secure? as I know there are crypto atms in my country and these all cards? how do u do that?


i use a exchange/wallet like coinbase and sell my btc and widrawl to my bank acount usualy have it on my bank acount the same day , very hassle free, but the fees on coinbase are extreme so that kinda sucks

If you use Coinbase Pro you'll pay almost 0 fees.
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June 25, 2019, 12:06:04 PM
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hey, I'm newbie here. how to withdraw btc fast and secure? as I know there are crypto atms in my country and these all cards? how do u do that?
Where you from?

AFAIK, If bitpanda is available on your country, you can also cash out through your bankcard and withdraw it with any ATM available on your country. Although with what you are asking, you gave lack of details.

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June 25, 2019, 01:41:09 PM
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Yeah this is so easy to withdraw bitcoin..well last time i did it from SS SA.. it was awsome..they are providing very convenient  services.. must try it..
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June 25, 2019, 01:48:09 PM
 #9

hey, I'm newbie here. how to withdraw btc fast and secure? as I know there are crypto atms in my country and these all cards? how do u do that?
Where you from?

AFAIK, If bitpanda is available on your country, you can also cash out through your bankcard and withdraw it with any ATM available on your country. Although with what you are asking, you gave lack of details.
Bitpanda is from austria if I am not mistaken and not available to residents from the us. If they are not in europe then their not able to use their service to cash out the crypto.
There is cashapp in the states but dont know how well they do on the fees you are going to pay to them.
Because these sorts of companies do not offer their services for free and will charge you a trading fee into convert into fiat and then another fee to withdraw from their wallet into your bank account or from an atm.

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June 25, 2019, 01:49:17 PM
 #10

Exchange accounts such as Coinbase and Bitstamp.   While you're converting to fiat, you may as well do it in different currencies (save your fiat in GBP, SGD, AUD, etc.) to minimize your forex risk.  

sent from my X6
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June 25, 2019, 01:59:31 PM
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hey, I'm newbie here. how to withdraw btc fast and secure? as I know there are crypto atms in my country and these all cards? how do u do that?

And not easier to use USDT and exchangers?
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June 25, 2019, 02:01:37 PM
 #12

Hello there killiankyc.

We are blind here so we will be having problems into how we can help you accurately.
Please give us more information about where you are living so we can somehow narrow down some options for you and explain it well.

Thanks.

If there is a cryptocurrency ATM in your country then this is how.

Quote
The process of buying bitcoins using this ATM is the following:
1.Choose language.
2.Press “Start”
3.Enter mobile number.
4.Receive the validation code and enter it.
5.Select “Buy Bitcoins”
6.Choose whether you already have a Bitcoin wallet (yes – scan it later, no – generate and print new one)
7.Scan QR code.
8.Insert cash bills (you can pay with cash)
Credits to Google.

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June 25, 2019, 02:07:55 PM
 #13

how to withdraw btc fast and secure?

It always depends on the amounts too and the fees you would be prepared to pay.

ATMs are known to have big fees.
Bitcoin cards are not cheap either, especially if you want to get cash in hand instead of spending at shopping, but I find them as one of the fastest method.
The exchanges have the lower fees, but you'll have to transfer the resulted money to your bank account or debit card and that may not be liked much by some banks (some may even refuse the transfers or lock the funds). Plus the fiat/bank transfer is slow.

And there are the localbitcoins and the face to face transactions, but I have 0 experience with both.
And there are the services that convert Bitcoin to fiat and send by Western Union or such, but I also don't have experience and I also expect bigger fees.


PS. Most ways to cash out mean that you'll have to give them details about your identity.

kukuarej
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June 25, 2019, 02:40:07 PM
 #14

My friends were told to me with doubt that I would not get any sense from cryptocurrency investments. But now they have to bite their elbows. Because many countries have already allowed cryptocurrency ATMs. And that means digital currencies are a valuable investment.
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June 25, 2019, 02:41:21 PM
 #15

If you're looking for an online way to cash out Bitcoin, expect that you'll find yourself sending documents to whoever is the one that will be in charge in selling your Bitcoin.
While there is one I have in mind where you won't need to pass KYC unless you intend to make advertisements in there, and that is Localbitcoin. I was planning to sell my Bitcoin at that site but I am kinda reaching the point of zero balance because of the mining fees plus the deposit fee at that site. You might need to take extra precaution to whoever looking for Bitcoin there. I don't know if the ratings of the user there is to be trusted or biased.

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June 25, 2019, 02:45:28 PM
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My friends were told to me with doubt that I would not get any sense from cryptocurrency investments. But now they have to bite their elbows. Because many countries have already allowed cryptocurrency ATMs. And that means digital currencies are a valuable investment.
Paying for purchases of cryptocurrency in online stores can no longer be seen, but bank cards and ATMs are indeed still a rare phenomenon for developing countries. Although it makes no sense to fear cryptocurrency. This is the same exchange tool as any other coin.
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June 25, 2019, 02:46:26 PM
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I never use bitcoin ATM to cash out my bitcoin to money fiat, as above say I need a high amount of money to pay fees per transactions and I'm not willing it. I only use an exchange to cash out my bitcoin because it's very easy and need a little fee per withdraw. You can use the reputable exchange in your country and make an account over there. Maybe it will takes 5 minutes if you try to withdraw your money in an exchange to your bank account and I think it's still to be said a fast way so far instead you looking for Bitcoin ATM which is rarely compared to bank account.

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June 25, 2019, 02:51:36 PM
 #18

My friends were told to me with doubt that I would not get any sense from cryptocurrency investments. But now they have to bite their elbows. Because many countries have already allowed cryptocurrency ATMs. And that means digital currencies are a valuable investment.
Paying for purchases of cryptocurrency in online stores can no longer be seen, but bank cards and ATMs are indeed still a rare phenomenon for developing countries. Although it makes no sense to fear cryptocurrency. This is the same exchange tool as any other coin.
Visa and Mastercard also entered the game and will issue their cards with support for cryptocurrency. So even ATMs will not be needed. While the community supports Bitcoin, it has a price, despite the fact that it is virtual.
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June 25, 2019, 02:54:52 PM
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My friends were told to me with doubt that I would not get any sense from cryptocurrency investments. But now they have to bite their elbows. Because many countries have already allowed cryptocurrency ATMs. And that means digital currencies are a valuable investment.
My friend accidentally got a part of bitcoin when it was still developing and conducting lotteries. True, he received no benefit, because then this idea seemed insane and he did not save the code. But I think he, like your friends, greatly regret not having invested before. However, it is not too late to learn how to trade using tips and trading strategies that can be found on the taklimakan platform. Cryptocurrency time is coming
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June 25, 2019, 02:55:54 PM
 #20

Withdraw from Coinbase to USD or Euros and withdraw USD, Euro, etc to PayPal or to a bank account.
Use the TransferWise accounts.
Or withdraw the bitcoin to a Bitcoin ATM.

If you use USD, Euro, etc, Paypal is no 1, then TransferWise is no. 2

 


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