gondel (OP)
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June 23, 2014, 11:27:19 AM |
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Hello,
I am in need of some cash and I have to sell somehow my BTC. What is the fastest way to transfer my coins into my bank account and then withdraw them as cash from ATM or at the Bank? Is it good to sell them into my paypal account and then link my paypal to my bank card? Is it better to use an exchange or I can sell it to someone trusted on the forum? I am in very hurry!Thank you!
BR
Gondel
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Dr. Pepper
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June 23, 2014, 11:42:56 AM |
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Sometimes I think you ask questions just for the sake of it Gondel. If you sell to paypal you're likely to be scammed. You can easily sell for bank transfer on here as I'm sure you already know.
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trand
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Activity: 252
Merit: 100
Streamity Decentralized cryptocurrency exchange
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June 23, 2014, 11:43:42 AM |
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Hello,
I am in need of some cash and I have to sell somehow my BTC. What is the fastest way to transfer my coins into my bank account and then withdraw them as cash from ATM or at the Bank? Is it good to sell them into my paypal account and then link my paypal to my bank card? Is it better to use an exchange or I can sell it to someone trusted on the forum? I am in very hurry!Thank you!
BR
Gondel
where are you from? the fastest way is use exchanger to convert your BTC to real money but i prefer choice exchange where I can directly swap into a bank account because if you use paypal to pay taxes again for the withdrawal of funds |
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gondel (OP)
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Activity: 1946
Merit: 1005
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June 23, 2014, 12:20:32 PM |
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Sometimes I think you ask questions just for the sake of it Gondel. If you sell to paypal you're likely to be scammed. You can easily sell for bank transfer on here as I'm sure you already know.
HI, I didnt exchange any of my BTC for real money before. I am using BTC not for exchanging it for cash, but to use it as it has to be : in exchange for a favor or work done. Right now I am faced for first time to change my BTC into cash, because I cannot pay my electricity bill with BTC. Thats why I am asking directly as I know someone will give a proper answer. Thanks! BR Gondel |
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Dr. Pepper
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June 23, 2014, 12:30:33 PM |
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Then use a bank transfer or some money transmitter services that lets you quickly withdraw the money.
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Bernard Lerring
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June 23, 2014, 12:50:26 PM |
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Sell them on localbitcoins.com? It depends what country you're in.
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Jesu
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June 23, 2014, 01:23:30 PM |
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Can you get verified on there quickly though? He needs the money asap.
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shogdite
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June 23, 2014, 01:55:55 PM |
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As said above, Localbitcoins is by far the quickest way (as far as I know) for selling BTC for fiat. Just find a buyer who's pays with online bank transfer, should get the cash paid into your account within the hour.
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ranochigo
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June 24, 2014, 06:14:37 AM |
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Finding a local Bitcoin ATM which accepts 2 way transactions or localbitcoin would be one of the best choice.
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hangbaibwsst412
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June 24, 2014, 06:30:21 AM |
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DubFX
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June 24, 2014, 06:55:18 AM |
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You have more options depending on where you live...the best one is 2 way bitcoin ATM, the second one is these forums with trusted escrow, thirsd one is local bitcoin and 4th is any kind of exchange but it may take a while to get vertified but if i'm right btc-e doesn't even require vertification (not sure i'm not trading there).
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DrG
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June 24, 2014, 06:57:16 AM |
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You could accept Paypal if you know the trader has a very good track record. Somebody who has a lot of positive trust and been on here for a couple years. They would most likely charge a small fee though, but you would get that anyway using local bitcoins.
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Soappa
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June 24, 2014, 12:16:46 PM |
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Hello,
I am in need of some cash and I have to sell somehow my BTC. What is the fastest way to transfer my coins into my bank account and then withdraw them as cash from ATM or at the Bank? Is it good to sell them into my paypal account and then link my paypal to my bank card? Is it better to use an exchange or I can sell it to someone trusted on the forum? I am in very hurry!Thank you!
BR
Gondel
The fastest ways are to use 2-way ATM, localbitcoins, or currency exchange section here on bitcoin. You need to be careful with scams for all p2p trades and so you should use escrow whenever possible. For paypal, the sender could chargeback and so it is more dangerous to sell bitcoin for paypal. You should only accept paypal deals with people very trustworthy. |
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Newar
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https://gliph.me/hUF
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June 24, 2014, 12:37:11 PM |
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Velkro
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June 24, 2014, 12:41:24 PM |
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One good exchange is enough for you. Find one, that suits you best (easy bank trasfer, not too much validation etc.)
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monim1
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June 24, 2014, 01:11:43 PM |
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I haven't heard that paypal start accepting BTC. Is it true?
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ranochigo
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June 24, 2014, 01:14:04 PM |
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I haven't heard that paypal start accepting BTC. Is it true?
Not true, PayPal hates Bitcoin alot. What we are talking about is exchanging BTC to PayPal with a trusted person. Or an exchange. |
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thisisverypointless
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June 24, 2014, 02:05:47 PM |
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Personally I use localbitcoins to sell my BTC, You get the funds start into your account.
Just remember to set up 2 factor authentication whatever you decide to go with!
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Harley997
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June 25, 2014, 03:15:36 AM |
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You could accept Paypal if you know the trader has a very good track record. Somebody who has a lot of positive trust and been on here for a couple years. They would most likely charge a small fee though, but you would get that anyway using local bitcoins.
Even this can be very risky. It costs a trader nothing to create a new account and the trading history does not mean very much for most trades IMO coinbase is the best way to move BTC into fiat |
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ranochigo
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June 25, 2014, 03:20:15 AM |
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You could accept Paypal if you know the trader has a very good track record. Somebody who has a lot of positive trust and been on here for a couple years. They would most likely charge a small fee though, but you would get that anyway using local bitcoins.
Even this can be very risky. It costs a trader nothing to create a new account and the trading history does not mean very much for most trades IMO coinbase is the best way to move BTC into fiat Also, accounts can be bought or stolen, the buyer can turn greedy and chargeback. Many people had bad experiences with coinbase isn't it? |
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