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Author Topic: Cheapest way to get money from bitcoin  (Read 1343 times)
durrrr
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May 01, 2014, 10:16:19 PM
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What is the cheapest way to turn let's say 500$ worth of bitcoin to my bank account or cash in hand?

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monbux
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May 01, 2014, 10:22:45 PM
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Cheapest? Sell here, in the currency exchange section, I guess.  That's one of my main ways of trading bitcoin to fiat. Smiley
durrrr
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May 01, 2014, 10:34:22 PM
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Okay I was just wondering because my bank charges 15$ for an incoming wire and was wondering how to get 500 for my 500$ worth ya know

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May 01, 2014, 11:33:14 PM
 #4

you can sell through Western Union or Moneygram.
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May 01, 2014, 11:54:41 PM
 #5

Sell for cash through Localbitcoins: https://www.localbitcoins.com/?ch=dml

Buy bitcoins with cash from somebody near you: LocalBitcoins
Buy stuff on Amazon at a discount with bitcoins or convert Amazon points to bitcoins: Purse.io
Join an anti-signature campaign: DannyHamilton's ignore list
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May 01, 2014, 11:55:28 PM
 #6

Oh... that's what you meant Tongue

I usually use paypal (I suggest you use this only if you are willing to take the risks of chargebacks)
But I also suggest you trade locally or Wire transfer... if wire doesn't work for you, I would suggest you sell to another online payment processor then send that money to your bank account.

Use localbitcoins for extra payment options, or use the currency exchange section here, as I've stated before.
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May 02, 2014, 01:01:03 AM
 #7

+1 for localbitcoins.
Find yourself a cash trade so that you don't need to pay your bank $15. Cheesy

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May 02, 2014, 03:16:50 AM
 #8

What is the cheapest way to turn let's say 500$ worth of bitcoin to my bank account or cash in hand?

Sale at the meeting.

Cheapest? Sell here, in the currency exchange section, I guess.  That's one of my main ways of trading bitcoin to fiat. Smiley

This is not quite safety to trade here. You'd better to buy/sell in person or on the exhcange or if you do it on forum you'd better to use escrow (but it also means you should pay fees)
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May 02, 2014, 04:21:01 AM
 #9

This is not quite safety to trade here. You'd better to buy/sell in person or on the exhcange or if you do it on forum you'd better to use escrow (but it also means you should pay fees)

There are quite a number of trustworthy persons doing escrow for free.
DannyHamilton (Free): https://bitcointalk.org/index.php?action=profile;u=60820
Kluge (Free, accepts tips): https://bitcointalk.org/index.php?action=profile;u=11671
escrow.ms (Free, accepts tips): https://bitcointalk.org/index.php?action=profile;u=76380
etc.

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May 02, 2014, 04:43:20 AM
 #10

Use BitSimple and withdraw by ACH (no fee)..  Banks do not normally charge a fee for receiving an ACH deposit.
Sindelar1938
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May 02, 2014, 05:26:00 AM
 #11

Buy coins or build activity and get into a decent sig ad campaign

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May 02, 2014, 05:44:33 AM
 #12

Buy coins or build activity and get into a decent sig ad campaign

Huh? Did you make the reply after just reading the thread title lol?
OP want to sell bitcoin, instead of earning bitcoin.

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May 02, 2014, 05:52:46 AM
 #13

You can sell them overpriced on eBay quite easily. There's a risk of chargeback, but it is worth it if you take the precaution to sell only to "trusted" eBay accounts.

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TrailingComet
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May 02, 2014, 06:19:13 AM
 #14

Buy it or trade something for it
Don't gamble for it!

sanjoea
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May 02, 2014, 06:52:34 AM
 #15

You can check localbitcoins

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May 02, 2014, 07:04:35 AM
 #16

durrrr, you can pay me first my 0.05 BTC back from that loan of 1 year ago (and the ~5 other people you scammed on this forum.) Then use localbitcoins for cash if there is something left.

Cheapest? Sell here, in the currency exchange section, I guess.  That's one of my main ways of trading bitcoin to fiat. Smiley

This is not quite safety to trade here. You'd better to buy/sell in person or on the exhcange or if you do it on forum you'd better to use escrow (but it also means you should pay fees)
He scammed multiple people in that forum, also on his alt. accounts. I'm pretty sure he feels comfortable trading/scamming there.

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May 02, 2014, 09:43:22 AM
 #17

durrrr, you can pay me first my 0.05 BTC back from that loan of 1 year ago (and the ~5 other people you scammed on this forum.) Then use localbitcoins for cash if there is something left.

You should have made a thread in scam accusation for that.  Smiley

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May 02, 2014, 09:56:06 AM
 #18

Buy btc on local bitcoins or trade with a trusted party on the forum
Eschew exchanges

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May 02, 2014, 10:16:50 AM
 #19

I too would recommend localbitcoins - easy place to find reputable buyers. The currency exchange board here is OK, although I would advise against accepting PP unless you know what you're doing. I'm wondering why you're concerned about fees - unless you're selling tiny amounts they shouldn't eat up too much.
BunsenBurner
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May 03, 2014, 04:30:27 AM
 #20

What is the cheapest way to turn let's say 500$ worth of bitcoin to my bank account or cash in hand?
Okay I was just wondering because my bank charges 15$ for an incoming wire and was wondering how to get 500 for my 500$ worth ya know

A $15 fee for a $500 trade would be 3%, which is okay IMO. You can accept other payments such as cash as well.

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