Have you withdraw money from Bitcoin?

Hi

I never met someone with withdraw money from Bitcoin
All what I see is a virtual currency but no one got it in paper.

What is your opinion about that?

Never, and actually I think you should be very well informed to invest in that. No to mention to have decided on what is it going to be used.

You can withdrawal your bitcoin into cash. Check out my thread on crypto exchanges. Coinberry (canada only) will e-transfer you the money directly to your bank. Coinmama will SWIFT it to you.

There are plenty of ways (creative ones) to get it in cash. Some are easier than others.

Purse, LocalBitcoin to name two there. Coinbase will let you withdraw to your bank too. There's also some platforms that you can invest into with Bitcoin and then get the money back in the bank. However, the latter could be risky as there are a lot of fake HYIP's to get through.

There are plenty of ways (creative ones) to get it in cash. Some are easier than others.

Purse, LocalBitcoin to name two there. Coinbase will let you withdraw to your bank too. There's also some platforms that you can invest into with Bitcoin and then get the money back in the bank. However, the latter could be risky as there are a lot of fake HYIP's to get through.

29-09-2020, 02:49 PM

kelsjc Wrote: Hi

I never met someone with withdraw money from Bitcoin
All what I see is a virtual currency but no one got it in paper.

What is your opinion about that?

I'vebeen doing it for years, maybe you're in the wrong circles?

Bitcoin is digital only. You can technically put it on a hardware or cold wallet and "hold" it physically, but it's still digital. If you want to spend it outside btc, then you need to convert it to something else like fiat, like the USD. You can do that on an exchange or even do it in person with someone i.e. they give you cash and you send btc to their wallet, etc.

I've withdrawn bitcoin, Via a coin wallet. Was using Binance.. When it first blew up. I've stopped now.

You can sell it for any currency you like and withdraw that, still feels the same and does the job

You can buy stuff with bitcoin, no need to withdraw it. You pay fees when withdrawing so...