What is the best way to cash out Bitcoin to USD?

naiahyoung (62) in bitcoin • 7 years ago

Hey guys I really want to pull out my initial investment with Bitcoin im sure some of you have started doing this already. What is the best way to do this, not using Coinbase?

bitcoin washout

7 years ago by naiahyoung (62)

$1.77

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dragosr (25) · 7 years ago (edited)

Have you tried: https://localbitcoins.com/ ?
Or: https://coincentral.com/how-to-turn-bitcoin-into-cash-usd/

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ansisltd (44) · 7 years ago

My question to this is: why do you need to cash out anyway?

The BTC Price os very low now,
This crypto correction will go away sooner or later, so the prices will come back to normal.

If I were you, I would exchange BTC into some other currency, for cheaper transaction fees and faster transactions. And then transfer that other coin into some coin which has a physical card (Monaco, TenX, Spectrocoin, etc...).

(Just watch out those too, because VISA few weeks ago, stopped some services to TenX).

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dragosr (25) · 7 years ago

I'm not a financial advisor, so please keep this in mind,

but, the buzz around the web is that BTC price might go even lower... if something goes down from almost $20k to under $7.5k in a couple of months, can we call it a CRASH instead of a CORRECTION?

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naiahyoung (62) · 7 years ago

Thats true. But eh. I just don't want to lose my initial investment.

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mrosenquist (70) · 7 years ago (edited)

Not sure if you don't want to use Coinbase to deposit back to your bank. There are debt card services that service the US. Basically deposit your Bitcoin to the card, then you can spend it.