What are the ways i can cash out Bitcoin in another country?

[aosis]

If i ever go to another country and try to cash out Bitcoin,

what are the ways?


Only two things i can think of...

1. Make certain bank account where i can cash out Bitcoin

2. In person


1st option may not be possible though at certain country...

Any thought?


Btw, has anyone experienced BISPEX exchange known as its insurance funding?

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[DdmrDdmr]

Depending on the country you go to, and your tolerance for higher fees for converting BTC to FIAT, there a growing network of Bitcoin ATMs (see https://coinatmradar.com). The deployed network is pretty unbalanced if you take a look at the map, but the option is there. Besides fees, you also need to look at the cashing-out limits and associated requirements (if any – normally depending on the amounts being cashed-out).

[sovie]

Depending on the country you go to, and your tolerance for higher fees for converting BTC to FIAT, there a growing network of Bitcoin ATMs (see https://coinatmradar.com). The deployed network is pretty unbalanced if you take a look at the map, but the option is there. Besides fees, you also need to look at the cashing-out limits and associated requirements (if any – normally depending on the amounts being cashed-out).

Also there are countries where crypto is ban, make sure the country you are going has no such restriction. Crypto ATMs have high fees thats one reason why they are still not popular and widely used.

[OmegaStarScream]

If you are going as a tourist, and for a short period of time, then you have a couple of options:

- Order a bitcoin debit card prior to traveling.
- P2P trading using PayPal or Skrill (make sure they're linked with your Visa card so you can withdraw).

I'm pretty sure we could help you more if you share with us more details (your current location, where are you headed and whether you have a student/work permit or simply a touristic visa).

[boyptc]

Before going to another country, do research on what's the local exchange that they have so that it will be easier for you to cash out if you want to sell your bitcoins there.

But if they don't have, as an addition to the suggestions.

Check it on localbitcoins and you might find the guy nearby you.

[bL4nkcode]

Just make sure that the country you want to go to, doesn't have crypto restrictions or say, crypto is banned.

If you are going as a tourist, and for a short period of time, then you have a couple of options:

- Order a bitcoin debit card prior to traveling.
- P2P trading using PayPal or Skrill (make sure they're linked with your Visa card so you can withdraw).

Adding, KYC is mostly a must in those services, so ready your personal documents when trying making an account on the services mentioned on the sheet.

The simplest way is to ready your bitcoin converted to fiat already before you go out to any country since there's no guarantee that the particular country you want to visit has crypto-accepted services.

[bitcampaign]

You need to track where you can exchange your bitcoin for fiat currency, in my country there is also a bitcoin atm or exchange where bitcoin can be liquidated easily to be fiat currency in my country, but I think also which countries do not have bitcoin users in it , it seems impossible, even in almost all countries there are bitcoin ATMs or exchanges that can be used to sell your bitcoin into fiat currency, do not have to make a bank account sometimes we need someone to withdraw it with his account, it's usually done by me because I don't have bank account, so I pay someone else to withdraw my funds through his bank account

[Bonenx14]

in use if there are regulations you need to follow them and also you need to know a little about those rules, so I think if you use bitcoin in other countries then you need to know the rules first. because if we don't follow the rules then you can be fined for breaking the rules.

[bitbunnny]

Every country and every bank could have its own terms and conditions when it comes to cryptocurrencies.
I don't know which country you are planning to go but no matter to that I think that solution is rather simple. Use one of available Bitcoin debit cards and you can get any cash without any issues and complications. Of course, you will need to pay certain fee and there is a limit for cash withdrawal but unless you need a really large sum that shouldn't be a problem.
I think that is the easiest and the most convenient way to cash out Bitcoin or any other cryptocurrency.

[Casdinyard]

The simplest way is to ready your bitcoin converted to fiat already before you go out to any country since there's no guarantee that the particular country you want to visit has crypto-accepted services.

Yeah like why not do it ahead of time? Why give yourself a headache anyway.
If your reason is you don't wanna bring much cash then you why not use your debit card or credit card if you have.
Or even for emergency purposes.

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I just hope OP could specify which country he'll visiting. 

[Pffrt]

Coindeal has decided to launch its card service. If I am correct, you can use this everywhere. I have not go through it fully but I had the impression that you can use it everywhere. They said "cash withdrawal of local currencies from ATM." which mean you can.
Check out- https://coindeal.com/card/

[nydiacaskey01]

If i ever go to another country and try to cash out Bitcoin,

what are the ways?


Only two things i can think of...

1. Make certain bank account where i can cash out Bitcoin

2. In person


1st option may not be possible though at certain country...

Any thought?

If you wan’t to get a specific answer, you better add in your post which country are you planning to visit and exchange your Bitcoin to their local currency. In the Philippines, that would be a problem for foreigners, because Bitcoin exchangers in the Philippines are strict, before you can open an account that allows you to withdraw in local currency, you need to go through KYC. Even if you plan to open a bank account, you need to go through KYC.

[Dalmar]

If you plan to cash out small amounts, try to use the BTC debit card services. The physical card is the best option for using the BTC on ATM or pos terminal. If you have no time to order physical cards, you can use virtual cards and transfer from one card to your new card which ordered on arrival country. For high amounts, it is risky to use this option, the bank can freeze the account if something is suspicious.

[marilynmanson21]

I can't give the best advice because every country has different regulations, but I will try to give advice, hope it can help,

First, you must create an account at a local exchange that provides withdrawals with the bank.
second, make sure the bank is in your place,
third, if the country does not prohibit bitcoin, then you only need to create a bank account that matches the exchanger,

after everything you've done, you can already sell bitcoin and make it to FIAT.

[FairUser]

It is best to use the P2P trading method, which is the fastest and safest way when you are in a country in the world. You don't need to spend too much time creating bank accounts in their home country, it can get you a lot of trouble because the rules are different in each country. Just find buyers in that country and you'll sell them as easily as possible.

[BitcoinHunt3r]

I think to make it simple maybe cashout into my back account and then exchange it in money changer. Because we don't actually know what can happen if we exchange our bitcoin into country that maybe ban it or maybe although it is regulated, will be hard to find it personally. And as foreigner, usually people will underestimate us or maybe can use our weakness to scam us.

[MURONDI]

in some countries there are usually money exchange services, especially in tourist areas, it is possible that these services also accept bitcoin, You can also convert bitcoin into that currency online, then exchange it at a money exchange service, so no need to worry, if there is internet everything becomes easier. 

[Wexnident]

Which country do you plan if ever? Some restrict the usage of crypto so no matter how hard you try, it'd be pretty hard to cash out BTC to fiat. There are crypto atms in the world, but only à few countries cater them and they have tad bit high fees. Imo though, just cash out when you're still in your home country and then change it to fiat. Removes a huge hassle, especially since adoption is still rarely seen all over the globe.

[Shasha80]

Depending on the country where you will cash out, if the country prohibits bitcoin, it will be more difficult for you to cash out.
But there is still a way that is with a third party service that will convert bitcoin to the currency of the country you want. If the country
it has been legalized bitcoin will be very easy to do cash out, because all that remains is to create a bank account in that country,
after that bitcoin in your wallet can directly convert and enter your bank account in that country.

[wajik-tempe]

If i ever go to another country and try to cash out Bitcoin,

what are the ways?


Only two things i can think of...

1. Make certain bank account where i can cash out Bitcoin

2. In person


1st option may not be possible though at certain country...

Any thought?

Bitcoin ATMs or if your country that you go have local exchange which able to convert cryptocurrency to fiat of their country you can use it.
I think the exchange option is better compared to bitcoin atms which known takes too high fee for redeeming our crypto to fiat. But if the bitcoin atms is the only way, you should use it.