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/biz/ - Business & Finance


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13271982 No.13271982 [Reply] [Original]

How does someone actually cash out BTC?

>> No.13271999

>he thinks he can cash out

>> No.13272002

>>13271982
You literally cannot

>> No.13272009

I haven't seen this meme so frequently posted since early last bull

>> No.13272010
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13272010

>>13272002

>> No.13272014

>>13271982
what for? you can just directly buy pizzas with it

>> No.13272018

>>13272014
This

>> No.13272021
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13272021

>>13271982
through an exchange. don't know if it's that easy for burgers though

>> No.13272024

>>13272009
It's not a fucking meme. I'm legitimately confused as all hell. I plan on buying a few litecoins and then transferring to Btc to cash out. Problem Is, How?

>> No.13272026

>>13271982
You can't. Stop asking.

>> No.13272029

>>13271982
Send a friendly letter to your local FBI office, slap a pair of handcuffs on, and wait for FINCEN to come pick you up
I shit you not, my bank (People's Bank) literally ratted me out to FINCEN for cashing out $60. I shit you not

>> No.13272030

>>13271982
no why would you

>> No.13272033
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13272033

>>13271982
> he doesn't know you literally can't cash out
https://www.youtube.com/watch?v=oLgnSpOPWUY

>> No.13272034
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13272034

>cashing out

>> No.13272045

When bitcoin achieves full spectrum dominance, you won't have to cash out.

>> No.13272047

>>13272026
Stop asking? Nigger, this is my first thread about it. As it stands, I have shit invested into anything at the moment. I'm just now getting into this.

>> No.13272056

>cash
>out

>> No.13272075

>>13272056
I know I'm a nignog that should off myself at this point, but I could really use some legitimate help here. People buy BTC for investments. What good is it if it's just collecting dust?

>> No.13272087
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13272087

haha fiat shills at it again!

>> No.13272097

>>13272047
ehhh anon
there are exchanges with fiat pairs
there are bitcoin atms
next time dyor and dont call another anon nigger. he can be sad rn because of your lack of sensitivity

>> No.13272102

>>13272087
I should have known better than to post something as stupid as that here and expect some real advice.

>> No.13272117

>>13272097
Will do, in the meantime, do you got a PayPal account? No shit. I'll give you $10 straight up just for helping me out my guy.

>> No.13272122

I'm interested to know too. I'm not a wagie and I got bills to pay which need a fiat currency. wtf do? just buy stuff with btc and sell on ebay?

>> No.13272129

>>13272102
This website has the info you need anon:

http://lmgtfy.com/?q=how+to+cash+out+bitcoin

>> No.13272133

>>13271982
Sell it for silver/gold, anon

>> No.13272145

>>13272133
Any traders you would recommend for gold trading?

>> No.13272155

>>13272117
i dont have. will be happy if you send it to mises institute (mises.org/giving/now)

>> No.13272165

>>13272155
Will do mate. Be on the lookout.

>> No.13272177

>>13272155
Wait nevermind. It's a charity. I'll still send it though.

>> No.13272186

>>13271982
Will anons at least confirm that I'll be able to move to some remote Asian country and live in bamboo woods?

>> No.13272196

>>13271982
Buy through robinhood.

>> No.13272198
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13272198

>>13272021
>>13272024
>>13272045
>>13272047
>>13272075
>>13272097
>>13272102
>>13272133
Oy vey stop it goyim. Don't even think of cashing out your internet meme money. It's all fake it's gonna crash goyim.

>> No.13272209

>>13272196
Robbinhood only accepts firm rounded values. I don't exactly have 4k lying around my guy.

>> No.13272216

>>13272209
Wut? I don't do much crypto, but not at all true, I once owned $15 of BTC. I have .77 LTC

>> No.13272241

>>13272075
It's literally a /biz/ meme that you can't cash out. That's why you didn't get any serious answers. You can just sell your crypto on an exchange for FIAT and transfer it to a bank account. There are also some other options like localbitcoins but be careful.. gl.

>> No.13272244

>>13272216
Using ROBIN HOOD only allows you to purchase 1Btc 2BTc 5btc ect. You can't buy .75 or .0045btc on the platform. It's only whole rounded numbers.

>> No.13272268
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13272268

>>13271999
Checked. Based and depression-pilled. We're never going to get anything for all the time we've spent autistically staring at graphs, are we?

>> No.13272276
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13272276

>>13272117
>PayPal

>> No.13272281

>>13272241
Make sure the exchange you're using does bank transfers. Exchanges like coinbase pro, Kraken and gemini are considered very safe. Don't forget that you'll have to do KYC. If you don't want to do KYC then you'll have to cash out in some other way..

>> No.13272321

>>13272281
KYC?

>> No.13272325
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13272325

>>13271982
YOU BOUGHT BLOCKSTREAM TURD COIN

YOU REALLY THINK YOU CAN CASH OUT ???

LOLOLOLOLOL

>> No.13272367

>>13271982

Cash out? LOL. If you're in you're in bro. Why do you think the HODL meme exists?

>> No.13272380

>>13272281
>Get thousands of dollars transferred to your bank account.
>Account gets frozen for months, perhaps years because the bank needs to establish legitimacy of the funds.
Kek good luck cashing out to a bank retard.

>> No.13272432

Don't listen to this guy >>13272241
He's actually a biz meme. Now if you really want your fake Monopoly paper money- aka FIAT.. I'll let you in on a little secret. There are some folks who are still able to make this conversion. All you need to do is BUY DRUGS ON THE BLACK MARKET using your BTC. From here it has been confirmed that some folks were then able to sell their ILLEGAL PURCHASES to npcs in return for some handheld currencies. This post will probably be deleted soon so take this info how you will.

>> No.13273148

>>13272380
how is this different to using any brokerage account external to your bank?

>> No.13273171

>>13271982
I have some bad news for you buddy.

You LITERALLY can't fucking cash out. Seriously, try it. You wasted all your money on internet bucks. There is no way to convert it back to fiat. All those "exchanges" that claim to deposit your money into your bank? Those are scams, the deposit never goes through. All those people saying it isn't a scam? They're shills for the scam "exchanges."

Anyone who tries to refute this post is a scammer shilling for scammy exchanges.

>> No.13273173

>>13271982
Why would you cash out?

>> No.13273183

it seems the only thing crypto is worth using is to trade for other materials that are not paper money.

>> No.13273254

>>13273183
>it seems the only thing paper money is worth using is to trade for other materials that are not crypto