Best way to transfer my BTC into cash?

[Umer]

best way to get cash from btc is to go to landofbitcoin creat a account then find a best exchanger on the site .. they accept paypal.. cash .. western union and all of things which are common.. you can meet a person then get cash from it..

[dkblueman]

Use localbitcoins and sell for a transfer into your bank. No point to sell for paypal and then have to do the transfer to your bank also.

[Shogen]

+1 for localbitcoins.
You just need to pick a trader with decent feedback and history, and the trade can be completed in a very short period of time.

[DrG]

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?

Perhaps you guys haven't traded on this forum or other forums before.  I've been selling computer hardware online since 2000.  If a trader creates a new account, he's back to 0.  He will have no trust, no eBay feedback, no Heatware - nothing.  Not sure what you meant Harley997

If his account is stolen or sold then his recent trade history would have a pause.  Somebody with 150 trust like Canary isn't going to risk his reputation for $300 in Paypal    Some new user with 1 or 2 positive small 0.01BTC transactions would.  That's why I said look at the user's history the same you would at your friends.  You have friends you would give your house key to and friends you would lend a quarter 

[cookmac]

I`d probably setup ad on localbtcoins.

Setup a cash deposit ad, and your pretty much good to go. Or just finding ad on there that offers the best rate.

[Harley997]

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?

I think that selling localbitcoin accounts would be frowned upon by localbitcoin however I don't know how this type of policy would be enforced, especially if the account was being sold so the buyer can pull one scam, or a series of scams at one time.

[ranochigo]

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?

I think that selling localbitcoin accounts would be frowned upon by localbitcoin however I don't know how this type of policy would be enforced, especially if the account was being sold so the buyer can pull one scam, or a series of scams at one time.

Trust can be built, some people trade a lot just to wait for a large amount to chargeback. It isn't 100% foolproof to trust a person.
You cannot stop trading of an account as they cannot determine whether you changed the ip address and email or is it another person.

[gondel]

HI,
So to summarize your replies : It is little bit difficult and you are taking a risk when you try to exchange your coins for cash!
There is always a risk factor when you have to trust to someone for something. I will wait for better days for BTC. No ATM in my country.
BR
   

[techlover]

There are some escrow in this forum, and maybe you can try them?

[Dannie]

HI,
So to summarize your replies : It is little bit difficult and you are taking a risk when you try to exchange your coins for cash!
There is always a risk factor when you have to trust to someone for something. I will wait for better days for BTC. No ATM in my country.
BR

Pretty much so.
Btw, you could also directly spend bitcoin on products and services, rather than selling your bitcoin for cash and then spend the cash.

[#yolo]

No PayPal IMO, I have done few deals with PP and the one selling the coins (or anything in general) is the one in the weak situation (that would be you in this case). And no matter what you provide to PP specially in BTC purchases (and most purchases generally IMO) they side with the original sender. Try looking for something else on Localbitcoin (maybe even a Face to face exchange with someone you see trustworthy in a bank or something).

[trasla]

Another option would be to use Mycelium local trader, right from the Mycelium Wallet App.
You can even check for the traders without the app installed over here.

[keyscore44]

Yep Localbitcoin's the easiest way to sell btc => cash, especially if it's a bank transfer. Just make sure to check their feedback and ideally sell to an account that has a phone registered, real name etc

[chaosknight]

Use btc-e and wire transfer to your bank.

[streetspeep]

The best way in my opinion is selling it to a trusted Bitcoin exchanger. I am a member of a buy and sell group catering services such as fund exchanges and one I see most recently is changing its bitcoin funds into a local money via bank deposit.

[corki]

If you made 1 btc per day, how would you cash out without getting caught with taxes.

[ranochigo]

Yep Localbitcoin's the easiest way to sell btc => cash, especially if it's a bank transfer. Just make sure to check their feedback and ideally sell to an account that has a phone registered, real name etc

it takes time to arrange something with the trader

it's much faster just to sell on bitstamp, you have your money in seconds..

Not really. It's just trading fast. In reality, if you need the money urgently, and you didn't verify your account. Localbitcoins is the best option.

[ThomasCrowne]

If your based in the United States it really doesn't get much more convenient than coinbase

[Loophole]

Yep Localbitcoin's the easiest way to sell btc => cash, especially if it's a bank transfer. Just make sure to check their feedback and ideally sell to an account that has a phone registered, real name etc

it takes time to arrange something with the trader

it's much faster just to sell on bitstamp, you have your money in seconds..

Did you include the time for the verification process?
Also, some people prefers to prevent all those process as much as possible.

[ranochigo]

Yep Localbitcoin's the easiest way to sell btc => cash, especially if it's a bank transfer. Just make sure to check their feedback and ideally sell to an account that has a phone registered, real name etc

it takes time to arrange something with the trader

it's much faster just to sell on bitstamp, you have your money in seconds..

Did you include the time for the verification process?
Also, some people prefers to prevent all those process as much as possible.

but you only need to get verified once?

The problem is it invades our privacy, most of bitcoiners do not one anyone to have their ID's and address.It isn't fully safe to trust an exchange. Also, in the scenario of you trying to cashing out bitcoins urgently, but you have never verified there before, localbitcoins can be the best choice.