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Bitcoin to Cash
 

I`m looking into doing Bitcoin but want to get a hard understanding of turning Bitcoin into Cash first.

1) Should I use ATM Bitcoin machines or meet in person services in Los Angeles and Las Vegas to turn Bitcoin into Cash?

2) What Would be a Fair % Fee to turn Bitcoin into Cash?

And finally Whats the best Bitcoin wallet service to Hold my Bitcoins or can I just store bitcoins on my computer somhow without using 3rd party?

Any advice would be appreciated :pop2:

Re: Bitcoin to Cash
 

Localbitcoin is very god for trading on.

As for % fee. That depends on the seller and trader

Re: Bitcoin to Cash
 

How do you keep bitcoin on a Computer/iphone without using 3rd party virtual wallet?

Re: Bitcoin to Cash
 

I'd use something like tresorit - that's a physical wallet so to speak. Avoid storing on computer for so many obvious reasons.

Re: Bitcoin to Cash
 

I myself used Localbitcoins several times to cashout and its proven to be the simplest.
The higher your reputation the better the rate you can charge so id start with a few low volume transaction to gain the feedbacks and the trade history before proceeding to anything more substantial.

Re: Bitcoin to Cash
 

Why not use an exchange? Coinbase? Kraken?

LocalBitcoins is fine but isn't it a hassle?

Re: Bitcoin to Cash
 

Beware of Bitcoin cards/ATM's. Most of the time it's some sort of scam.

Trading BTC is very simple. Register a coinbase account and link your bank account. Linking your bank gives you the ability to buy or sell BTC to/from coinbase. You get a wallet address when you sign up for coinbase but you can store your BTC externally if you want.

Kraken's another good option but they're a bit of a pain in my experience. It took them 4-5 months to "confirm" my account to the point where I could actually buy BTC. Lost interest in their platform by the time they finally got back to me.

Re: Bitcoin to Cash
 

That was when BTC was exploding in worth, and everyone wanted in on it.

I was in your predicament, though I recently got verified within a few hours. But then found out you can't buy BTC in GBP as they no longer support it, which annoyed me. But should work fine for you (USD).

Re: Bitcoin to Cash
 

You must be using the wrong cards then.

I've been using Wirex for over a year now without issue.

Re: Bitcoin to Cash
 

It can be at first while youre learning how to handle the system - especially when youre growing your feedback and reputation on that platform.
BUT
Once you get the hang of it I find it the most profitable - and more importantly the most private. If you do things the right way theres no trail leading to you and it is completely anonymous.

Re: Bitcoin to Cash
 

I see, that makes sense.

Re: Bitcoin to Cash
 

I have a Coinbase account currently but I'm going to test out Localbitcoins