>> (p.1)
    Author Topic: What is the safe method of transferring bitcoin to cash?  (Read 241 times)

    • sandarajasmine (OP)
    Newbie
    *
    Offline Offline

    Activity: 42
    Merit: 0


    View Profile
    January 25, 2018, 03:27:09 PM
     #1
    Is there any secure method to keep or to withdraw the bitcoin to cash? Perhaps any system/programs or pen drive? Please enlighten.

  • cissrawk
    Sr. Member
    ****
    Offline Offline

    Activity: 1218
    Merit: 410


    View Profile
    January 25, 2018, 03:35:35 PM
     #2
    Just sell your bitcoin for cash like using face to face method or using escrow, you will be safe and no need to worry about your bitcoin or money. Example like localbitcoins.com
    If you want to keep your bitcoin, then use offline wallet. Create password for it and backup your private key like write it on paper or something.

  • Catmony
    Hero Member
    *****
    Offline Offline

    Activity: 854
    Merit: 500


    View Profile
    January 25, 2018, 03:54:58 PM
     #3
    Quote from: sandarajasmine on January 25, 2018, 03:27:09 PM
    Is there any secure method to keep or to withdraw the bitcoin to cash? Perhaps any system/programs or pen drive? Please enlighten.
    You can exchange your bitcoin for USDT and withdraw it to your omni wallet as well as your bitcoin address or keep it in the exchange and keep buying bitcoin to sell for your local fiat in fractions in future.

    I am also holding USDT to buy back cheap coins on this correction.

  • noormcs5
    Hero Member
    *****
    Offline Offline

    Activity: 3094
    Merit: 628


    Leading Crypto Sports Betting & Casino Platform


    View Profile
    January 25, 2018, 04:04:34 PM
    Merited by Ouissem (1)
     #4
    Quote from: sandarajasmine on January 25, 2018, 03:27:09 PM
    Is there any secure method to keep or to withdraw the bitcoin to cash? Perhaps any system/programs or pen drive? Please enlighten.

    You have asked two things here.

    Secure Method to Keep Bitcoins
    1- Keep your bitcoin in Hardware Wallet
    2- If You use Desktop wallet, keep your private key very secure.
    3- Never Keep large amount of bitcoins in online wallet as it is always risky with no control on private key.

    Withdraw Bitcoin to Cash
    1- Use LocalBitcoins site as it is very much trusted site and has a built in escrow system in it for safe trades.
    2- Face to face bitcoin transfer with anyone in your area willing to buy bitcoins although its difficult to find one.
    ..Stake.com..   ▄████████████████████████████████████▄
       ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
       ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
       ██ ██████████ ██      ██ ██████████ ██   ▀██▀
       ██ ██      ██ ██████  ██ ██      ██ ██    ██
       ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
       ██ █████  ███ ████  ████ █████  ███ ████████
       ██ ████  ████ ██████████ ████  ████ ████▀
       ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
       ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
       ▀█████████▀ ▄████████████▄ ▀█████████▀
      ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
     ██████████████████████████████████████████    		▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
    █  ▄▀▄             █▀▀█▀▄▄
    █  █▀█             █  ▐  ▐▌
    █       ▄██▄       █  ▌  █
    █     ▄██████▄     █  ▌ ▐▌
    █    ██████████    █ ▐  █
    █   ▐██████████▌   █ ▐ ▐▌
    █    ▀▀██████▀▀    █ ▌ █
    █     ▄▄▄██▄▄▄     █ ▌▐▌
    █                  █▐ █
    █                  █▐▐▌
    █                  █▐█
    ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
    ▄▄█████████▄▄
    ▄██▀▀▀▀█████▀▀▀▀██▄
    ▄█▀       ▐█▌       ▀█▄
    ██         ▐█▌         ██
    ████▄     ▄█████▄     ▄████
    ████████▄███████████▄████████
    ███▀    █████████████    ▀███
    ██       ███████████       ██
    ▀█▄       █████████       ▄█▀
    ▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
    ▀███████         ███████▀
    ▀█████▄       ▄█████▀
    ▀▀▀███▄▄▄███▀▀▀
    		..PLAY NOW..

  • bit-freedom
    Sr. Member
    ****
    Offline Offline

    Activity: 658
    Merit: 256


    View Profile
    January 25, 2018, 04:08:58 PM
     #5
    For keeping Bitcoin, desktop as mentioned in the above post. Alternatively, you can use a hardware wallet which is easy to use and safe.

    Coinbase is another popular exchange to convert Bitcoin to fiat.

  • jtipt
    Hero Member
    *****
    Offline Offline

    Activity: 1064
    Merit: 529



    View Profile
    January 25, 2018, 04:12:30 PM
    Merited by Akash1243 (1)
     #6
    Quote from: sandarajasmine on January 25, 2018, 03:27:09 PM
    Is there any secure method to keep or to withdraw the bitcoin to cash? Perhaps any system/programs or pen drive? Please enlighten.
    Best way would be to use a local market place like localbitcoins.com to find a trusted trader and do a face to face transfer of funds. You do it indirectly like use a traditional exchange website and withdraw to your bank and then cash out from your bank, but here since Bank comes in middle you might need to pay taxes as per your regions laws.

  • Tzuan_bit
    Member
    **
    Offline Offline

    Activity: 151
    Merit: 15


    View Profile
    January 25, 2018, 04:13:54 PM
     #7
    Quote from: sandarajasmine on January 25, 2018, 03:27:09 PM
    Is there any secure method to keep or to withdraw the bitcoin to cash? Perhaps any system/programs or pen drive? Please enlighten.
    many webs that support bitcoins like myetherwallet and Neo wallet and many market sales can redeem from bitcoin to dollar if your country does not support bitcoin you are obliged to use Paypal if your country supports bitcoin there is a web like bitcoinVipIndonesia already exist and still many again

  • supermine
    Hero Member
    *****
    Offline Offline

    Activity: 826
    Merit: 518


    View Profile
    January 25, 2018, 04:17:56 PM
     #8
    Quote from: sandarajasmine on January 25, 2018, 03:27:09 PM
    Is there any secure method to keep or to withdraw the bitcoin to cash?
    No,you can't directly withdraw your bitcoins into cash,you have to sell your bitcoins for fiat money.

    we have coinbase exchange you can sell your bitcoins there for fiat but it is not available in all countries so if your country doesn't support coinbase exchange then you can use localbitcoin.com because it is available in all the countries.
    Quote from: sandarajasmine on January 25, 2018, 03:27:09 PM
    Perhaps any system/programs or pen drive? Please enlighten.
    What do you mean by program or pendrive.If you are asking this for storing bitcoins then we have software wallets,paper wallets and hardware wallets.so you can choose any one of this based on how much bitcoins you are going to keep on it.

  • magicmeyk
    Full Member
    ***
    Offline Offline

    Activity: 252
    Merit: 102


    View Profile
    January 25, 2018, 04:20:59 PM
     #9
    Quote from: sandarajasmine on January 25, 2018, 03:27:09 PM
    Is there any secure method to keep or to withdraw the bitcoin to cash? Perhaps any system/programs or pen drive? Please enlighten.

    Use a local bitcoin wallet that exchanges a local currency on your country. That is the easiest and safest way to withdraw a cash that I think of.

  • redhondaxrm125
    Full Member
    ***
    Offline Offline

    Activity: 266
    Merit: 100


    View Profile
    January 25, 2018, 07:23:57 PM
     #10
    Quote from: sandarajasmine on January 25, 2018, 03:27:09 PM
    Is there any secure method to keep or to withdraw the bitcoin to cash? Perhaps any system/programs or pen drive? Please enlighten.


    Do it with a  completely knowledgeable person which you know would never ever take advantage of you. Like a friend or family, friend of friend, family friends etc. And sell or buy bitcoins to/from them. Then there's always the way to go for people who don't have those people who really care. Just lok for anyone in the forum that would like to buy or sell, then you're good to go.

  • Akash1243
    Sr. Member
    ****
    Offline Offline

    Activity: 392
    Merit: 257


    View Profile
    January 26, 2018, 08:51:57 PM
     #11
    If you want to hold bitcoins them try to use an offline wallet like mycelium,coinomi and may more and create a backup and save your private key doing this would keep your bitcoins safe unless you give your private key to someone.And for bitcoins to cash try to do it only in trusted sites like localbitcoins or do face to face for safe transaction.

  • trigg
    Newbie
    *
    Offline Offline

    Activity: 23
    Merit: 0


    View Profile WWW
    January 26, 2018, 08:54:09 PM
     #12
    I like localbitcoinsdotcom. Haven't had any issues with them and they seem to be very well trusted by others as well.

  • KennyR
    Hero Member
    *****
    Offline Offline

    Activity: 2352
    Merit: 532


    DGbet.fun - Crypto Sportsbook


    View Profile
    January 26, 2018, 08:57:07 PM
     #13
    Quote from: noormcs5 on January 25, 2018, 04:04:34 PM
    Quote from: sandarajasmine on January 25, 2018, 03:27:09 PM
    Is there any secure method to keep or to withdraw the bitcoin to cash? Perhaps any system/programs or pen drive? Please enlighten.

    You have asked two things here.

    Secure Method to Keep Bitcoins
    1- Keep your bitcoin in Hardware Wallet
    2- If You use Desktop wallet, keep your private key very secure.
    3- Never Keep large amount of bitcoins in online wallet as it is always risky with no control on private key.

    Withdraw Bitcoin to Cash
    1- Use LocalBitcoins site as it is very much trusted site and has a built in escrow system in it for safe trades.
    2- Face to face bitcoin transfer with anyone in your area willing to buy bitcoins although its difficult to find one.
    As mentioned using localbitcoins is the best for converting bitcoin to fiat. It gives users the ease of accessing than any other form of conversion. In specific with localbitcoins one gets access to a large number of traders and different transaction options, we can go with the one that provides the convenience.

  • Ouissem
    Member
    **
    Offline Offline

    Activity: 313
    Merit: 12

    Join FlipNpik Telegram : t.me/flipnpikico


    View Profile
    January 26, 2018, 08:57:24 PM
     #14
    A good method is also to use Bitcoins ATM. You will pay more fees, but it's a good way to have directly your cash. But be careful with your ATM, and choose one that has a good reputation. And like every new transfer, start with a little amount first, even if you have to pay expensive fees. We're never too much careful with crypto.

  • legenduim
    Full Member
    ***
    Offline Offline

    Activity: 588
    Merit: 101



    View Profile
    January 28, 2018, 05:05:07 PM
     #15
    Quote from: sandarajasmine on January 25, 2018, 03:27:09 PM
    Is there any secure method to keep or to withdraw the bitcoin to cash? Perhaps any system/programs or pen drive? Please enlighten.

    The best way to use cex.io. This platform more than once helped me cash out when it was necessary to quickly get cash. Bitcoin is transferable to bank card. Everything is simple and reliable.

  • Kurokyy
    Full Member
    ***
    Offline Offline

    Activity: 448
    Merit: 100


    LETS GO ADAB


    View Profile
    January 28, 2018, 05:09:03 PM
     #16
    Quote from: sandarajasmine on January 25, 2018, 03:27:09 PM
    Is there any secure method to keep or to withdraw the bitcoin to cash? Perhaps any system/programs or pen drive? Please enlighten.

    Localbitcoins.com is one of the safest way to turn your bitcoin into cash if you use an escrow. Also i assume many people near you are interested in buying bitcoin for investment or holding, you can sell to them directly, safe and you can avoid another fee

  • Dudeperfect
    Hero Member
    *****
    Offline Offline

    Activity: 1190
    Merit: 534


    View Profile WWW
    January 28, 2018, 05:23:09 PM
     #17
    The best way is to find someone who is willing to pay you the amount in cash in exchange for Bitcoins that you are willing to encash. Now in order to find some active trader in your area, you can take the help of exchanges like localbitcoins. Otherwise, you can also use exchanges which allows you to withdraw your funds in your bank account. There must be someone who is willing to pay you cash, there might be an automatic way like exchange software or you have to go through the manual way of selling your Bitcoins to someone and asking him to send funds in your bank account or cash.
    Pages: [1]
      Print  
Page 1
Viewing Page: 1

IRLBTC™ © 2025 IRLBTC.com