MikaSappalo (OP)
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June 20, 2014, 07:56:56 AM |
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Hi, guys! I have some bitcoins and would like to exchange them into fiat currency. I've done some research into services out there but none have managed to make me feel confident about using them. I'm no expert on the exchange market, so if anyone can help me out it would be much appreciated.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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shorena
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No I dont escrow anymore.
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June 20, 2014, 08:23:08 AM |
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What do you consider high fees? Did you consider using localbitcoins or the currency exchange section here?
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Im not really here, its just your imagination.
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MikaSappalo (OP)
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June 20, 2014, 08:38:07 AM |
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I mean withdrawal fees. I want to convert my bitcoins in fiat currencies. I did not trade before, so its not so easy to unerstand for me. No, I did not use localbitcoins service. I'll check it soon. Thanks.
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MikaSappalo (OP)
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June 20, 2014, 11:23:34 AM |
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I looked at local bitcoins, but I do not think it is more profitable than to use exchanges. Can anyone give me suggestions on how can I transfer my bitcoins into fiat money with minimal loses.
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michaelwang32
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June 20, 2014, 12:19:04 PM |
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hello. Which exchanges did you look at? You from?
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MikaSappalo (OP)
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June 20, 2014, 02:02:27 PM |
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I started with btce. I've notices, their support is not so rapid, but it doesn't matter. Withdrawal fee with min. 0.1 and a comission of 15$ So I do not like this and try to find something else. So much exchanges. I am from Finland if it matters.
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michaelwang32
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June 20, 2014, 03:40:37 PM |
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Mika, Really do not understand your choice. Main criterias? btw I think it is one of exchanges on the market just look - bitstamp bitfinex cryptsy and many others Try to find something here.
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Benjig
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June 20, 2014, 04:23:59 PM |
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Hi, guys! I have some bitcoins and would like to exchange them into fiat currency. I've done some research into services out there but none have managed to make me feel confident about using them. I'm no expert on the exchange market, so if anyone can help me out it would be much appreciated.
You can use ANXPRO is a trusted exchange with curently cero fees on withdrawals and deposits!, it supports sepa europe banking system, and if you are in australia or asia it will take even less time to exchange your bitcoins.
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MikaSappalo (OP)
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June 20, 2014, 08:07:58 PM |
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Hi, guys! I have some bitcoins and would like to exchange them into fiat currency. I've done some research into services out there but none have managed to make me feel confident about using them. I'm no expert on the exchange market, so if anyone can help me out it would be much appreciated.
You can use /UxeAkD]ANXPRO is a trusted exchange with curently cero fees on withdrawals and deposits!, it supports sepa europe banking system, and if you are in australia or asia it will take even less time to exchange your bitcoins. Place for the advertisement. BTW 0% fee - is good. But I do not see much mentions about this exchange in the internet. So I must think, if they can be a trusted partner. If there are any other exchanges with 0% fee? Anybody knows?
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michaelwang32
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June 21, 2014, 07:47:09 AM |
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Mika there are a lot exchanges. try bitfinex, bitstamp for example you can see sone charts here: www.bitcoincharts.comi'm interested what will be your choice...
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elementalworry
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June 21, 2014, 08:37:15 AM |
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Fee are second if you trade correct.
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MikaSappalo (OP)
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June 21, 2014, 09:11:08 AM |
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Mika there are a lot exchanges. try bitfinex, bitstamp for example you can see sone charts here: www.bitcoincharts.comi'm interested what will be your choice... Thanks! I see, market leaders in euros are: ANX, Hitbtc, Kraken, bitcoin.de and alot of leaders in usd: + Bitfinex, Bitstamp, BTCE, Lakebtc. Whom to choose? ease of use is also a very important metric. Fee are second if you trade correct.
Sorry, what you mean?
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MikaSappalo (OP)
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June 22, 2014, 08:16:32 AM |
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ANybody here? I've mentioned that bitfinex (for example) doesn't support 0% withdrawal fees. International wire: 0.100% of the deposit amount, with a minimum of $20.00 (proof https://www.bitfinex.com/pages/fees)
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DubFX
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June 22, 2014, 08:18:01 AM |
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You can also sel your coins here on the forums with no fees at all or use localbitcoins i see no problem here?
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MikaSappalo (OP)
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June 23, 2014, 07:37:09 AM |
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DubFXThere is no problem here. I'm just thinking and trying to analyse how I can exchange my bitcoins for euros wtih minimal losses (ie fees). This is the first time i've needed to this but almost definitely not the last. Now I have an interesting (and high paid) job, but the employers paying in bitcoin, So I'm try to find out the best way to get my cold hard cash. That's it. But who knows - maybe tomorrow I'll start trading. I see that people visit this forum the most and that they'll most likely know which exchanges are the best and easiest to use, so please help me out if you can - any info is much appreciated!
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michaelwang32
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June 23, 2014, 09:17:29 AM |
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ok Mika, So first you should check the market. i see youve done some work on it - what did you get from it?
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michaelwang32
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June 23, 2014, 12:31:40 PM |
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I'd add here: kraken, lakebtc, hitbtc exchanges
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MikaSappalo (OP)
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June 24, 2014, 10:33:56 AM |
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Take a look at other exchanges: I looked at LakeBTC. They do not support SEPA, as I can see. Also I tried to look through their faq, but it’s not so straightforward and hard to understand I didn’t have any experience myself before, so any information about how-to is very important for me.
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michaelwang32
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June 24, 2014, 11:06:11 AM |
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So why did you start your search with btc-e? And what can you say about them? Why did you decide to keep searching instead of start trading?
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