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Author Topic: How to exchange bitcoins to usd?  (Read 1028 times)
shadow77 (OP)
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March 15, 2014, 05:37:53 AM
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Hi everyone, I was wondering how do you change your bitcoins to actual USD currency? and then after that how do you transfer it to your bank account?
cAPSLOCK
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March 15, 2014, 05:47:01 AM
 #2

Hi everyone, I was wondering how do you change your bitcoins to actual USD currency? and then after that how do you transfer it to your bank account?

I like this new.service.
https://bitsimple.com
AnnInter
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March 15, 2014, 06:06:34 AM
 #3

You can try to use bitstamp or any other exchange.
shadow77 (OP)
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March 15, 2014, 06:09:26 AM
 #4

Hi everyone, I was wondering how do you change your bitcoins to actual USD currency? and then after that how do you transfer it to your bank account?

I like this new.service.
https://bitsimple.com

How fast do transfers to your bank account take? Also how much does that site charge you?
serje
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March 15, 2014, 06:11:31 AM
 #5

depending on your location there are several ways to cash out!
I personally like bitonic.nl because Europe transfers are fast less than 24 hours (if you sell before 12AM Holland time)
But I've heard a lot of Americans are using coinbase.com to cash-out
in the end it's all up to you!

Space for rent if its still trending
hurricandave
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March 15, 2014, 06:22:09 AM
 #6

I live in the USA and have found Coinbase to be user friendly, a little slow if you don't have a Visa Credit Card to use as a back up verification but they will deposit directly to your bank!
serje
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March 15, 2014, 06:31:54 AM
 #7

I live in the USA and have found Coinbase to be user friendly, a little slow if you don't have a Visa Credit Card to use as a back up verification but they will deposit directly to your bank!
In that case you can try coin.mx too

I've heard they have a deposit fee like 3.5% ... but you can use debit card

Space for rent if its still trending
shadow77 (OP)
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March 15, 2014, 02:00:13 PM
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I live in the USA and have found Coinbase to be user friendly, a little slow if you don't have a Visa Credit Card to use as a back up verification but they will deposit directly to your bank!
In that case you can try coin.mx too

I've heard they have a deposit fee like 3.5% ... but you can use debit card


I knew how to buy bitcoins,  I just don't know how to cash the out and withdraw them from my wallet, back into my bank account
shorena
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March 15, 2014, 02:10:02 PM
 #9

I live in the USA and have found Coinbase to be user friendly, a little slow if you don't have a Visa Credit Card to use as a back up verification but they will deposit directly to your bank!
In that case you can try coin.mx too

I've heard they have a deposit fee like 3.5% ... but you can use debit card


I knew how to buy bitcoins,  I just don't know how to cash the out and withdraw them from my wallet, back into my bank account

Well its basicly the same just the other way around.
Instead of sending money to the bank account of an exchange, you send bitcoins.
Instead of buying bitcoins, you sell bitcoins.
Instead of transfering the bitcoins to your wallet, you transfer the money to your bank account.

Whatever exchange you are using there should be some form of withdrawal option.
Or you meet with someone in person to do the exchange.

Im not really here, its just your imagination.
tkbx
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March 15, 2014, 02:22:24 PM
 #10

Hi everyone, I was wondering how do you change your bitcoins to actual USD currency? and then after that how do you transfer it to your bank account?

I like this new.service.
https://bitsimple.com
I used that site to cash out about a year ago, surprised it's still online. Expected PayPal to intervene fairly quickly.
D05GTO
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March 15, 2014, 03:39:38 PM
 #11

Either Locally sell it to someone or use an exchange to cash out.  Coinbase works fine but the verification can take forever and a day.   There is a new place that has a FINCEN license to trade BTC/USD and vice versa legally .. It's new so low volume at the moment.  Atomic-Trade Exchange and verification can be done in an hour.



 
 
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serje
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March 15, 2014, 05:33:20 PM
 #12

at coin.mx you can buy and sell BTC

I just need someone who can tell how fast the process is Smiley

Space for rent if its still trending
bitcasino
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March 15, 2014, 06:09:58 PM
 #13

Hi everyone, I was wondering how do you change your bitcoins to actual USD currency? and then after that how do you transfer it to your bank account?
craigslist  Smiley
mprep
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March 15, 2014, 07:43:22 PM
 #14

You can use Bitstamp.net. It's the biggest or one of the biggest exchanges around here.

Dannie
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March 15, 2014, 10:18:15 PM
 #15

You can sell your bitcoin on exchanges like Coinbase or Bitstamp, but you will need to go through the ID verification process.
Or, you can find a trader on localbitcoins, but you should choose someone with a good trade history. Smiley

drahgon
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March 15, 2014, 10:20:01 PM
 #16

there is a site localbitcoins that lets you meet people and trade
MonkeyDOH
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March 16, 2014, 01:00:26 AM
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Shadow77 try to use bitsimple. It's very user friendly.
zeeshanblc
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March 16, 2014, 02:07:01 AM
 #18

The best site are

bitstamp.net
localbitcoins.com
coinbase.com
btc-e.com

or try DannyHamilton or post your offer in the Marketplace > Currency Exchange
gigachange
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March 16, 2014, 03:06:04 AM
 #19

Myself I prefere Bitstamp for trading BTC-USD. But Localbitcoins is also a good alternative because there you can exchange anonymous without any required verification.

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March 16, 2014, 04:31:08 AM
 #20

I've been using coinbase without any problems.

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