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How to withdraw my money from the cryptocurrency to Fiat ?

Discussion in 'Alternative Currencies' started by Benji77, Oct 12, 2018.

  1. Benji77

    Benji77 Member

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    Hi everyone,
    I am looking for a secured way to withdraw fiat currency from crypto.
    I heard that some exchanges require a passport scan, which is stored then and checked by real people, and this is no longer about security.
    Which trustworthy service I can use?
    Any recommendations are appreciated.
     
  2. GrandMasterDash

    GrandMasterDash Well-known Member
    Masternode Owner/Operator

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    You can't really trust any of them but I'd recommend Kraken.

    Or you can try harder to convince people you hire / transact with to take some of your payment in crypto. The more we do this, the better. It doesn't matter if you get rejected 99 times, the 100th is the one that matters.
     
  3. Benji77

    Benji77 Member

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    Unfortunately I don't like Kraken since my friend has many issues with that.
    The last time his withdrawals have all been on "HOLD" for more than 2 weeks and he was really angry that he couldn't be able to get a penny out.
     
  4. Brokens

    Brokens Member

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    Don't you have Bitcoin ATM in your city? I guess it's the most convenient way for withdrawal.
    Or you hold another coins?
     
  5. Benji77

    Benji77 Member

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    No I don't have.
    And it's not only bitcoin.
    Have you experienced some trustworthy exchanges?
     
  6. Brokens

    Brokens Member

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    I prefer Bitsquare. And you can look through the most private exchanges here http://www.bestbitcoinexchange.net/anonymous/
    Maybe something will suit you.
     
  7. Benji77

    Benji77 Member

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    Are you sure of its security?
    I am not going to try it.
     
  8. Brokens

    Brokens Member

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    Why do you ask for advice in order to refuse??
    If you don't believe anything - then don't ask for a help.
     
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  9. Benji77

    Benji77 Member

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    Thank you.
    I'm just in doubt.
    So I can hardly trust anything.
     
  10. Brokens

    Brokens Member

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    Then check everything on your own - that's why I didn't insist on one exact service but gave you a link for the list in order to give a choice.
     
  11. Benji77

    Benji77 Member

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    I think I'm going to check.
    But still there is a verification process which includes providing documents to prove your identity in a form of a photo ID and prove your residence.
     
  12. rosita

    rosita Member

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    OMG, this is not Facebook after all. I do not think that such a service will request your data like this
     
  13. Benji77

    Benji77 Member

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    But it's written in TOS of this website.
     
  14. rosita

    rosita Member

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    so, maybe you should find an alternative?
     
  15. tungfa

    tungfa Administrator
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    any legit exchange is doing KYC these days
    if u do not want that be careful trading on the street for cash (local bitcoin style)
     
  16. Mikil

    Mikil Member

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    You can use the service Wirex . Visually cards Wirex have practically no differences from bank cards, except that Bitcoins can be withdrawn here and cash withdrawn. You can withdraw money at any ATM or payment terminals.
     
  17. Benji77

    Benji77 Member

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    Ok, thanks.
    I think I will try this way.
     
  18. waitingforday

    waitingforday Member

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    If you live in big city you exchange with real people, face to face, i head they make a lot of money on this
     
  19. Robinst

    Robinst Member

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    You can try bestchange, I think there's a possibility to change any coin into fiat also. As you can do any kind of change there and they don't ask for much information like documents scan or something.
     
  20. Benji77

    Benji77 Member

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    Are you sure it is bestchange? not bestexchange?
     
  21. Robinst

    Robinst Member

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    No, I was right - https://www.bestchange.com/ It has an option with credit cards and you can choose the service with best exchange rates.
     
  22. Benji77

    Benji77 Member

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    I only know BestExchange.
    I think that familiar domain name is created to confuse people.
     
  23. rosita

    rosita Member

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    I encountered such a problem now and remembered about you and your question. And naturally, I had information that may be interesting. Here I will tell you about all the machinations with Qiwi-wallet. You can withdraw funds to Qiwi-wallet on several exchanges, the main thing is that these exchanges work with Fiat. I am now withdrawing from Exmo. On this exchange, when withdrawing to a Qiwi wallet, 3% is held. After your funds are in the Qiwi-wallet, you can transfer them to a regular bank card. if I send money to Qiwi-wallet, then I do it for various payment transactions, for example, payment for cellular communication, and I do not spend further withdrawal to Fiat. I hope this information may be useful to you.
     
  24. Robinst

    Robinst Member

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    Yes, we have to check everything carefully as many scam websites are made with almost the same name or change the domain only.
    So check twice.
     
  25. Benji77

    Benji77 Member

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    Never heard of it.
    Russian based?
     
  26. FelixFelicis

    FelixFelicis Member

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    Also had bad exp with Kraken. Now I have Wirex and it's very convenient, u know
     
  27. waitingforday

    waitingforday Member

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    Centralized exchanges are evil for sure, i lost some money on them after hack and scum
     
  28. FelixFelicis

    FelixFelicis Member

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    Well...we can't say that ALL centralized exchanges are evil like they are all the same...hope that their security algorithm is differs a bit :(
     
  29. waitingforday

    waitingforday Member

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    Definitely not all, but they use some dirty tricks to make money
    Exchange with different security algorithm is DEX.
     
  30. JohnCena

    JohnCena Member

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    Do you have an experience at DEX trading mb?
     

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