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May 02, 2011, 05:51:58 PM Last edit: May 06, 2011, 01:14:09 PM by Darth Severus |
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What are the best methods to trade with BTC to real money? Let´s discuss it here. My hope is that this discussions will increase the change options and services. I write down a list of known cashout services here, some of them I have checked on my own, others not so far.
By mail or mixed (multiple withdrawal options) They won't allow any kind of exhange system, but if BTC is traded between people it shouldn´t be a problem. Chargebacks could be a problem, cause then the BTC change service would need to hold the bitcoins back for some days. The accounts of such an BTC change service is then under risk to be closed. So maybe they can only be used to trade person to person while using some kind of reputation system Paypal.com Moneybookers.com: No Chargeback?, MB-Debitcard with cashout for 1.80 ww available Paymate.com (US, AU, NZ) Dwolla.org (US-only?) Alertpay.com Amazon Payments Google Checkout Popmoney.com Serve.com CertaPay.com (Canada only) Checkfreecorp.com (US only?) Alipay.com (biggest in China, cooperates with Paymate)
By cellphone using a cc or debit Trading from card to card without giving your card number away. Registration is easier than at Paypal or Moneybookers, cause they don´t want a copy of your passport or something like this. Only card and cellphone needed. Venmo.com (500$ wt-Limit) Liqpay.com (Ukrainian) Xipwire.com (US only?)
By flexible voucher (Code/Scan per Mail) Can be used for online-shopping, but they can also be cashed into some debits/cc. Vouchers should only be buyed from a trader with a good reputation, like the BTC change service itself. They maybe can become worthless even after they have been used. Scans of for e.g. Ukash cards are much more saver than a code per mail. Ukash.com Paysafecard.com Moneypak.com
By specific voucher (Code/Scan per Mail) like restaurants, amazon, etc. This is more shopping than cashout. Vouchers should only be buyed from a trader with a good reputation, like the BTC change service itself. They maybe can become worthless even after they have been used, for e.g. Amazon may let you pay again if the voucher was illegal. They may also have been buyed by using a stolen card, and the person buying it gets the trouble. On the other hand, if these vouchers are coming from a reliable trader this may work very well.
Debitcards with multible cashin options for e.g. the flexible vouchers above Neteller.com
By other virtuell currency Selling BTC for a virtuell currency and then withdraw this for e.g. by debitcard Ecardone.com Xmlgold.net Wmtransfer.com (aka Webmoney, Russian) VirWoX.com (Exchanger)
By money-transfer companys There are alternatives to Western Union Moneygram.com Xoom.com (from US-Account or cc/debit) Transferwise.com Bank2Bank incl. EUR2GBP exchange
By online-shopping customer2shop These processors can only be used for onlineshopping if the shop is accepted by them. Someone may open a shop for BTC-vouchers. Cashu.com (Arab, withdrawal not possible) Clickandbuy.com (German) Allpayments.net (British) Billsafe.de (German)
By payment processors A BTC service could sell BTC directly to customers, if it has its own way to buy or get BTC Mopay.com Verotel.com Plimus.com 2Checkout.com Nochex.com Free-merchant.com (Low Price Guarantee) Hyperwallet.com (Payment platform for companys) Propay.com
Directly to customers in RL Gopayment.com Squareup.com Cash
Other Ebay, by selling BTC vouchers Debit-Gift Cards Virtual debit cards Checks Money by mail Bankwire
Please add more, and write to which category they could be counted. First it wasn´t my plan to update the first article permanently, now I may do this sporadically.
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