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Author Topic: Bitcoins -> USD, how to cheaply?  (Read 1619 times)
jabo38 (OP)
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December 17, 2014, 01:33:35 PM
 #1

If I am in the US and I have some Bitcoins and want to turn them into USD via deposit into my US bank account, what service will do it for me at the best rates?  There is no rush to actually have the money immediately, this is for international remittance.  

LewiesMan
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December 17, 2014, 01:37:17 PM
 #2

Take a look at:
bit-x.com
Bitstamp.com
LocalBitcoins.com
Biitcoin
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December 17, 2014, 01:43:53 PM
 #3

If I am in the US and I have some Bitcoins and want to turn them into USD via deposit into my US bank account, what service will do it for me at the best rates?  There is no rush to actually have the money immediately, this is for international remittance.  

I guess the most known is LocalBitcoins.com , or you can post here on Bitcointalk forums on "Currency Exchange" section and post what rate you want & wait for clients Grin

jabo38 (OP)
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December 17, 2014, 02:59:47 PM
 #4

Well.... let me be clear.  I guess I am not explaining myself well. 

I live overseas.  I bought bitcoins overseas.  I want to turn those Bitcoins into USD in my American bank account. 

I am not in America right now, but when I go back, I would like my debit card to have some cash on it. 

I have used Coinbase before to go from BTC -> USD, but they charge like 1%.  Is there any other service that I can go from BTC -> USD with lower fees? 

turvarya
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December 17, 2014, 03:05:43 PM
 #5

Well.... let me be clear.  I guess I am not explaining myself well. 

I live overseas.  I bought bitcoins overseas.  I want to turn those Bitcoins into USD in my American bank account. 

I am not in America right now, but when I go back, I would like my debit card to have some cash on it. 

I have used Coinbase before to go from BTC -> USD, but they charge like 1%.  Is there any other service that I can go from BTC -> USD with lower fees? 
So, what is so bad about Bitstamp?
seems like lower fees to me:
https://www.bitstamp.net/fee_schedule/


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December 17, 2014, 03:25:30 PM
 #6

You may want to check out BitPay for Bitcoin->USD

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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December 17, 2014, 04:33:40 PM
 #7

As far as I can tell, Circle is fee free:

https://www.circle.com/en

Not sure the rule or laws with using Circle internationally, but in theory should be free.

CharityAuction
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ColdScam
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December 18, 2014, 12:18:33 AM
 #8

if you are looking for the best rates and to have your money deposited directly into your bank account then you are going to want to use coinbase.

Circle tends to have wider spreads, and you don't want to deal with LBC as it is generally not good to give random strangers your bank account information

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GÜNther.Danish
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December 18, 2014, 08:45:59 AM
 #9

cheak it out https://bitcointalk.org/index.php?topic=695082.0

look for a cheap fee exchange sell your bitcoin and withdraw usd
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December 18, 2014, 09:56:51 PM
 #10

Been using Buttercoin. It's insanely good, no fees.
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December 19, 2014, 07:51:33 AM
 #11

cheak it out https://bitcointalk.org/index.php?topic=695082.0

look for a cheap fee exchange sell your bitcoin and withdraw usd

yeah, btc-e is the most expersive, lakebtc and bitfinex are cheapest.
jabo38 (OP)
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mining is so 2012-2013


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December 19, 2014, 10:29:09 AM
 #12

As far as I can tell, Circle is fee free:

https://www.circle.com/en

Not sure the rule or laws with using Circle internationally, but in theory should be free.

I have found this link on Circle https://support.circle.com/hc/en-us/articles/200713745-How-do-I-withdraw-funds-from-my-Circle-account-

It appears that if I link a bank account with Circle then they will convert my BTC to USD for free.  No charges. That seems like a pretty good deal to me.  I am in the process of trying to link accounts now.  I guess it takes a couple of days.  Also, just at the moment, Circle has one of the highest prices for BTC so that is nice too. 

If I get it to work, I will update.

jabo38 (OP)
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December 24, 2014, 03:13:18 AM
 #13

I have signed up with Circle and have used it.  It is indeed free and sometimes has better exchange rates than Coinbase.

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December 26, 2014, 07:04:29 AM
 #14

check out coin.mx
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December 26, 2014, 07:49:26 AM
 #15

Be a seller on localbitcoins so you can charge a markup, since time is not an issue like you said.
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January 13, 2015, 02:08:57 PM
 #16

cheak it out https://bitcointalk.org/index.php?topic=695082.0

look for a cheap fee exchange sell your bitcoin and withdraw usd

Thanks! I go to check it now.
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January 13, 2015, 07:58:28 PM
 #17

I'll agree, Circle is my choice. Coinbase next.
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