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Author Topic: Bitcoins to USD  (Read 2010 times)
diabinc141
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February 28, 2012, 07:39:54 AM
 #1

Hey I'm still kind of new to bitcoins and I'm curious what the best way to go from bitcoins to USD is?

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francong
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February 28, 2012, 08:04:05 AM
 #2

Some pool provide a service that pay your BTC directly to Paypal.
diabinc141
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February 28, 2012, 08:09:36 AM
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Which pool is that?

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francong
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February 28, 2012, 08:10:43 AM
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http://www.eclipsemc.com/

I'm still trying this pool. Not sure if there is any fee to exchange to paypal.
diabinc141
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February 28, 2012, 08:54:01 AM
 #5

Thanks I'll check it out.

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Jeremy West spendbitcoins.com
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February 28, 2012, 10:49:46 AM
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Spendbitcoins.com also allows you to exchange for paypal, amazon payments, amazon gift codes, etc.

diabinc141
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February 29, 2012, 12:53:09 AM
 #7

Thanks guys I really appreciate the help!

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cncguru
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February 29, 2012, 05:09:09 AM
 #8

How I do it:

1) mine coins
2) open Mt Gox trading account
3) open Dwolla account and tie it to a debit card
4) transfer mined coins to Mt Gox (few mins)
5) Sell coins at market price (few seconds or mins)
6)transfer your USD from Mt Gox to your Dwolla account (never took more than 1/2 hr for me)
7)ACH transfer to your debit card( next day during the week)
Cool from coins to USD in 1 day with almost zero fees

 Grin
diabinc141
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February 29, 2012, 05:51:14 AM
 #9

How I do it:

1) mine coins
2) open Mt Gox trading account
3) open Dwolla account and tie it to a debit card
4) transfer mined coins to Mt Gox (few mins)
5) Sell coins at market price (few seconds or mins)
6)transfer your USD from Mt Gox to your Dwolla account (never took more than 1/2 hr for me)
7)ACH transfer to your debit card( next day during the week)
Cool from coins to USD in 1 day with almost zero fees

 Grin

Thanks!

124ExGY8igKZzpbti7vzvXqajVc8AC6vi8
francong
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February 29, 2012, 06:33:31 AM
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It's too bad that I do not live in US
Jeremy West spendbitcoins.com
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February 29, 2012, 08:19:20 AM
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It's too bad that I do not live in US

We do business worldwide.

francong
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February 29, 2012, 08:46:39 AM
 #12

It's too bad that I do not live in US

We do business worldwide.
Yeah, I just used your service to convert my bitcoin to paypal. But 2.9% + $0.3 kills me. Embarrassed

Maybe next time I'll try Amazon gift card.
Jeremy West spendbitcoins.com
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February 29, 2012, 09:10:59 AM
 #13

It's too bad that I do not live in US

We do business worldwide.
Yeah, I just used your service to convert my bitcoin to paypal. But 2.9% + $0.3 kills me. Embarrassed

Maybe next time I'll try Amazon gift card.

Yeah. I hate PayPal. Smiley

francong
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February 29, 2012, 03:34:47 PM
 #14

It's too bad that I do not live in US

We do business worldwide.
Yeah, I just used your service to convert my bitcoin to paypal. But 2.9% + $0.3 kills me. Embarrassed

Maybe next time I'll try Amazon gift card.

Yeah. I hate PayPal. Smiley
However, Paypal is the best currency for international users. Cry
B4THC4t
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February 29, 2012, 11:03:30 PM
 #15

How I do it:

1) mine coins
2) open Mt Gox trading account
3) open Dwolla account and tie it to a debit card
4) transfer mined coins to Mt Gox (few mins)
5) Sell coins at market price (few seconds or mins)
6)transfer your USD from Mt Gox to your Dwolla account (never took more than 1/2 hr for me)
7)ACH transfer to your debit card( next day during the week)
Cool from coins to USD in 1 day with almost zero fees

 Grin


Is this safe and secure?  I love that it's simple . . .
kronut
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February 29, 2012, 11:13:09 PM
 #16

Watch out with paypal though, if they lock your account, it's possible the money will be stuck for months!
cncguru
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February 29, 2012, 11:56:57 PM
 #17

How I do it:

1) mine coins
2) open Mt Gox trading account
3) open Dwolla account and tie it to a debit card
4) transfer mined coins to Mt Gox (few mins)
5) Sell coins at market price (few seconds or mins)
6)transfer your USD from Mt Gox to your Dwolla account (never took more than 1/2 hr for me)
7)ACH transfer to your debit card( next day during the week)
Cool from coins to USD in 1 day with almost zero fees

 Grin


Is this safe and secure?  I love that it's simple . . .

Yes this is safe and secure.
 You do have to prove who you are(scan and upload ID) to open the Dwolla account.
 To link a bank account is very easy with a prepaid debit card.
As long as you are not doing large transfers(over $1K/day)Mt. Gox won't bug you.(I don't think they have changed that)
Their web interface is easy and straightforward, just use the "Funding" tab to find the uplink for BTC and downlink to Dwolla.
The whole process might take you a day or two to get all set up depending on how quickly you move on things but once you have the accounts linked it doesn't get much easier, plus Dwolla fees are only 1 quarter!(free for under $10)
Just don't initiate the Dwolla ACH transfer to your debit card after Thursday or you will most likely have to wait until Monday for it to complete.
Works for me!

 Grin
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