CyberR.



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Full MemberActivity: 154Merit: 100 Re: Where I can cash out bitcoin to fiat? January 02, 2018, 02:46:54 PM #2 Quote from: saedasda on January 02, 2018, 02:41:21 PM Ive been thinking that if your are holding big amount of bitcoin and you want it to transfer to fiat where i can withdraw it without any problem

If you are holding large amount of bitcoins, the safest way to cash them out is to find a buyer and deal with him face to face in person. Take some protection along, just incase that guy tries to rob you xD



If you don't want that, You can go to localbitcoins.com, a peer-to-peer bitcoin exchange which has an in-built escrow system so your money stays safe from being scammed. You can get good rates over there. Get your Bitcoins exchanged for money sent right into your bank. I have been personally using Localbitcoins for a while now and haven't had any issues.



Goodluck and Stay Safe. If you are holding large amount of bitcoins, the safest way to cash them out is to find a buyer and deal with him face to face in person. Take some protection along, just incase that guy tries to rob you xDIf you don't want that, You can go to localbitcoins.com, a peer-to-peer bitcoin exchange which has an in-built escrow system so your money stays safe from being scammed. You can get good rates over there. Get your Bitcoins exchanged for money sent right into your bank. I have been personally using Localbitcoins for a while now and haven't had any issues.Goodluck and Stay Safe.

RodneyKings



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Full MemberActivity: 213Merit: 103 Re: Where I can cash out bitcoin to fiat? January 02, 2018, 02:55:26 PM #4 Quote from: saedasda on January 02, 2018, 02:41:21 PM Ive been thinking that if your are holding big amount of bitcoin and you want it to transfer to fiat where i can withdraw it without any problem



Depends on your location. In my country it is not advisable to withdraw a huge fiat amount in just one big blow because of anti-money laundering laws. If you can withdraw a portion every week I guess it is safe to convert it to fiat. Depends on your location. In my country it is not advisable to withdraw a huge fiat amount in just one big blow because of anti-money laundering laws. If you can withdraw a portion every week I guess it is safe to convert it to fiat.

bitfools



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MemberActivity: 112Merit: 11 Re: Where I can cash out bitcoin to fiat? January 02, 2018, 03:14:10 PM #7 Quote from: RodneyKings on January 02, 2018, 02:55:26 PM Quote from: saedasda on January 02, 2018, 02:41:21 PM Ive been thinking that if your are holding big amount of bitcoin and you want it to transfer to fiat where i can withdraw it without any problem



Depends on your location. In my country it is not advisable to withdraw a huge fiat amount in just one big blow because of anti-money laundering laws. If you can withdraw a portion every week I guess it is safe to convert it to fiat.

Depends on your location. In my country it is not advisable to withdraw a huge fiat amount in just one big blow because of anti-money laundering laws. If you can withdraw a portion every week I guess it is safe to convert it to fiat.

That's called 'structuring' and they will grab your entire account.



There is NO safe way to exit, this is why the PRISTINE BTC's ( think satoshi ) have NEVER been spent, cuz there is no exit.



First thought would be to have sacrificial account in a bank you dont' use for your paycheck, or your savings. Cuz when GOV decides to lock U and seize they will grab all money that is 'mixed'



...



really only safe thing is to accumulate BTC by mining and hope the USA US-Dollar collapses, and then once the USA gov is gone and the BIS/Israel are out of business, then folks will be safe, but for now its clear that BTC is just a PRETEXT to rob you and tax u to death by GOV.



All along its been the same, U acquire BTC by mining and you hold them to keep your wealth intact, they day trading bullshit of BTC is rather new, and of course ALL exchanges are GOV operations, and under their thumb, there is no free jurisction on earth, other than perhaps the BTC exchange in Nigeria, which of course means U lose.



...



To answer your question, its back to the original BTC means to get cash, you find a cash buyer on the network, U meet in a public place and u sell btc to them as a cash transaction, then your done.



U use a bank your screwed for life, you use an exchange your screwed,



BTC was always 'anarchist' money off the grid, but as soon as you mix your BTC and GRID then your no longer an anarchist, your a sheep that has called the PIGS and has asked to be slaughtered.



Sure U can be an idiot day trader and play right into the IRS hands, and you just KNOW that the IRS loves this shit, as they have ran COINBASE since dayone, and all the USA exchanges. U mix BTC with a US bank ( and note +90% of bank on earth have their balls in USA grip ), its not a pretty site.



Just HODL, but u must sell, then sell for cash, in a public place. That's called 'structuring' and they will grab your entire account.There is NO safe way to exit, this is why the PRISTINE BTC's ( think satoshi ) have NEVER been spent, cuz there is no exit.First thought would be to have sacrificial account in a bank you dont' use for your paycheck, or your savings. Cuz when GOV decides to lock U and seize they will grab all money that is 'mixed'...really only safe thing is to accumulate BTC by mining and hope the USA US-Dollar collapses, and then once the USA gov is gone and the BIS/Israel are out of business, then folks will be safe, but for now its clear that BTC is just a PRETEXT to rob you and tax u to death by GOV.All along its been the same, U acquire BTC by mining and you hold them to keep your wealth intact, they day trading bullshit of BTC is rather new, and of course ALL exchanges are GOV operations, and under their thumb, there is no free jurisction on earth, other than perhaps the BTC exchange in Nigeria, which of course means U lose....To answer your question, its back to the original BTC means to get cash, you find a cash buyer on the network, U meet in a public place and u sell btc to them as a cash transaction, then your done.U use a bank your screwed for life, you use an exchange your screwed,BTC was always 'anarchist' money off the grid, but as soon as you mix your BTC and GRID then your no longer an anarchist, your a sheep that has called the PIGS and has asked to be slaughtered.Sure U can be an idiot day trader and play right into the IRS hands, and you just KNOW that the IRS loves this shit, as they have ran COINBASE since dayone, and all the USA exchanges. U mix BTC with a US bank ( and note +90% of bank on earth have their balls in USA grip ), its not a pretty site.Just HODL, but u must sell, then sell for cash, in a public place.

fianaindriati



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Sr. MemberActivity: 700Merit: 250 Re: Where I can cash out bitcoin to fiat? January 02, 2018, 03:23:27 PM #11 Quote from: integrap on January 02, 2018, 03:18:29 PM Well it dependa on which country you live in. Buying and selling bitcoin for big amount of money can be a problem such as tax and money laundring. But face to face is the best way to sell. But you should trust that person as well.

the dangers in the money transaction must exist, because the money is needed by many people in this world. we need to be careful in doing things, and trusting good people. because the trust we are looking for is quite difficult. the dangers in the money transaction must exist, because the money is needed by many people in this world. we need to be careful in doing things, and trusting good people. because the trust we are looking for is quite difficult.

bitfools



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MemberActivity: 112Merit: 11 Re: Where I can cash out bitcoin to fiat? January 02, 2018, 03:24:06 PM #12 Quote from: saedasda on January 02, 2018, 02:41:21 PM Ive been thinking that if your are holding big amount of bitcoin and you want it to transfer to fiat where i can withdraw it without any problem



The entire reason for BTC is to escape the FIAT racket "FIAT MEANS NOTHING was pulled from some bankers ass"



FIAT means, that there is nothing to back the currency, not gold, pre 1972 the USD said "In GOLD WE TRUST", post 1972 they changed it to "In GOD we trust", well guess what the GOD of US-DOLLAR post 1972 is Satan, and he ain't going to cover this 'FIAT'



So along comes BTC real money,



Probably a more rational approach would be to BUY GOLD for your BTC, and again you can easily lineup a trusted escrow where buyer and seller can be public/private, and no bank(GOVERNMENT) involved,



The FIAT system is going down, and the only place to keep money in the coming civil war will be gold, beans, bullets, ... real estate is not safe, U can already buy cars for BTC, and go shopping.



If a person wanted to diversify its easy to sell bTC on a non-banking aligned exchange, and grab some alt-cryptos that have high potential value. Most likely future BTC in coming years will no longer see parabolic gain, unless there is a war in say Korea very soon, unlikely that is,



For now its a waiting game, IMHO BTC is better than GOLD if U live in USA, when the civil war starts U will not be able to carry your gold out, so if you got private-keys in your 'head', then you can travel anywhere on earth The entire reason for BTC is to escape the FIAT racket "FIAT MEANS NOTHING was pulled from some bankers ass"FIAT means, that there is nothing to back the currency, not gold, pre 1972 the USD said "In GOLD WE TRUST", post 1972 they changed it to "In GOD we trust", well guess what the GOD of US-DOLLAR post 1972 is Satan, and he ain't going to cover this 'FIAT'So along comes BTC real money,Probably a more rational approach would be to BUY GOLD for your BTC, and again you can easily lineup a trusted escrow where buyer and seller can be public/private, and no bank(GOVERNMENT) involved,The FIAT system is going down, and the only place to keep money in the coming civil war will be gold, beans, bullets, ... real estate is not safe, U can already buy cars for BTC, and go shopping.If a person wanted to diversify its easy to sell bTC on a non-banking aligned exchange, and grab some alt-cryptos that have high potential value. Most likely future BTC in coming years will no longer see parabolic gain, unless there is a war in say Korea very soon, unlikely that is,For now its a waiting game, IMHO BTC is better than GOLD if U live in USA, when the civil war starts U will not be able to carry your gold out, so if you got private-keys in your 'head', then you can travel anywhere on earth