Need advice on converting BTC>USD

Discussion in 'Cryptocurrency, Finance, & Gambling Discussion' started by ShipTheFlip, Dec 23, 2016.

Need advice on converting BTC>USD
  1. Unread #1 - Dec 23, 2016 at 5:43 PM
  2. ShipTheFlip
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    ShipTheFlip Formerly known as Wintastical

    Need advice on converting BTC>USD

    I'm cashing out on America's Cardroom and the Bank Draft withdrawal has only a $3k/week limit for withdrawals, compared to 10k/week via BTC. I've contacted Coinbase support and they've told me they ban accounts and seize gambling money. I know that I can cash out to a personal wallet, but how can I then turn the BTC into USD? Preferably without having to sell small amounts of BTC at a time; I'm looking to just convert all at once and have it sent to my bank account, like what Coinbase does / Circle used to do. Any advice?
     
  3. Unread #2 - Dec 23, 2016 at 6:37 PM
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    Need advice on converting BTC>USD

    use localbitcoin exchange
     
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  5. Unread #3 - Dec 25, 2016 at 7:42 AM
  6. Utz
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    Need advice on converting BTC>USD

    Localbitcoin exchange is alright I guess. I really don't like using it...

    Following this thread as I'm also interested.
     
  7. Unread #4 - Dec 26, 2016 at 11:05 PM
  8. ShipTheFlip
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    ShipTheFlip Formerly known as Wintastical

    Need advice on converting BTC>USD

    I talked to livechat on the poker client I play on, they said to create a wallet with www.Gemini.com

    There's a lot of verification but it's kinda like Coinbase/Circle where you can just have funds sent straight to your bank, except unlike Coinbase it's not working with the IRS.
     
  9. Unread #5 - Dec 27, 2016 at 3:58 PM
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    Need advice on converting BTC>USD

    Local bitcoins are great way to exchange bitcoins in large ammounts, you can always use some sythe gold shop, they are always looking for btc and trusted
     
  11. Unread #6 - Dec 27, 2016 at 7:18 PM
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    Need advice on converting BTC>USD

    why not just send to a local wallet then from there to coinbase?
     
  13. Unread #7 - Dec 27, 2016 at 10:42 PM
  14. ShipTheFlip
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    ShipTheFlip Formerly known as Wintastical

    Need advice on converting BTC>USD

    Coinbase is working with the IRS and I don't want to get audited
     
  15. Unread #8 - Dec 27, 2016 at 10:51 PM
  16. Obiwan2323
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    Need advice on converting BTC>USD

    localbitcoin is the way to go
     
  17. Unread #9 - Dec 27, 2016 at 11:51 PM
  18. Apith
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    Need advice on converting BTC>USD

    Gemini has been known as the next thing after circle's transition and coinbase working with the IRS + seizing funds/forcing you to withdraw them, localbitcoins is another option but in some places they don't give you good rates. If you have paypal and it's linked to your bank account, just sell it to someone trusted (bogla buys them for 99%).
     
    Last edited: Dec 27, 2016
  19. Unread #10 - Dec 28, 2016 at 5:10 PM
  20. Lean
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    Need advice on converting BTC>USD

    There are certain places where you can exchange your bitcoins in person for USD (around here at least). You can google it and find out if there are any places near you that offer this type of service.
     
  21. Unread #11 - Dec 29, 2016 at 1:52 AM
  22. Apith
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    Apith Le
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    Need advice on converting BTC>USD

    It's localbitcoins, unless there's another website. Localbitcoins is just a bunch of people buying/selling bitcoins for a variety of different payment methods, some offer meet ups, bank transfer, western union etc.
     
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