The First Moment I Tried to Exchange My Bitcoins To Cash: Your account of you first experience or having issues with trading in cryptocurrency.
I bought Bitcoin for the first time for $224.26 in early 2014, after seeing it mentioned on a blog I was reading. At the time, it seemed like the currency was only being used on the dark web and wasn’t very popular in comparison to other forms of payment.
I had $100 worth of Bitcoin set aside for fun and decided to tinker around with them. After some research, I learned that I could convert my bitcoins into real cash pretty easily using one of several different exchanges.
The one I chose was Coinbase, which has since become a large exchange that is trusted by millions of people worldwide. It is based out of San Francisco, California and currently boasts over 13 million users worldwide.
After creating an account and depositing some money, I set out to find a way to turn my digital currency into actual paper money. After much research, it seemed as though the best option would be to use a service called Bitfinex, which was available through Coinbase’s website.
Bitfinex allowed me to convert my bitcoins directly into U.S dollars (USD) or transfer them into another digital currency
The first time I exchanged my bitcoins to cash was in October 2017.
I had my bitcoins in an online wallet called blockchain wallet. This is a very popular wallet with users of bitcoin and other cryptocurrencies.
When I wanted to exchange my bitcoins for cash, I had to withdraw my bitcoins from the online wallet to an exchange service. The most popular services are Coinbase, LocalBitcoins and Bitstamp. The exchange service takes some charges when you want to cash out your bitcoins to your account. They take some charges so that they can be able to process the transaction and pay the banks and network fees involved.
So, when I sent the bitcoin from blockchain wallet to the exchange service, it took about 30 minutes before I could see the deposit in my account on the exchange service. If you are withdrawing your bitcoins to a bank account, it takes some days before you can access your money depending on where in the world you’re located. If you’re cashing out your bitcoins in a country where cryptocurrencies are accepted as legal tender like Japan or South Korea, it will take only a few hours before you get your money because there is no third party involved (bank) but just a transfer between wallets.
Converting from bitcoin to fiat currency is very
This is my personal account of the first time I tried to exchange Bitcoin to cash. It was a nightmare, but it taught me what to avoid.
I bought 10 Bitcoin in January 2013 through BitInstant, which was apparently a reputable company at the time. They had an office in SoHo and were backed by Roger Ver (now running his own competing currency, “Bitcoin Cash”).
I decided I wanted some cash, so I asked my wife to meet me at the local Chase branch in Palo Alto (I was working nearby). She brought her laptop, where I had the Bitcoin wallet open.
I walked up to the teller and told her that I wanted to buy $2k worth of Bitcoin with cash. She looked at me like I was crazy. My wife explained that we wanted to buy Bitcoin with cash, not sell it for cash. The teller got on the phone with her manager and spoke for about 5 minutes about what this crazy person was asking for.
A new person came over and asked us to step over to the side so we didn’t distract from other customers. He seemed very interested in what we were doing and asked us questions about how long we’ve been investing and why we thought it would go up in value. He said he wouldn
I have tried to exchange my bitcoins to cash and ended up losing my coins. I was very excited when I saw this site and the first thing I did was transfer my btc to the address given in the site. I waited for some time and looked into the blockchain if it has been transferred but I didn’t see any movement. After waiting for almost 1 hour, I thought something went wrong and that’s why I didn’t receive anything from them.
So, being excited, I opened a ticket complaining about it and said that I want a refund of my coins. Then after some time, someone replied saying that they are looking for an issue and apologized for it. And also requested me to update my transaction id (which is not possible as there is no transaction at all in the blockchain).
After repeating this process for 3 more times, someone finally replied back saying that the transaction is completed from their side but still doesn’t show up in blockchain.
I was confused whether it is my fault or their fault as the transaction was not showing up in blockchain or else it must have been shown but haven’t received any amount from them either. After seeing this message, again I opened a ticket saying that there should be some proof that this transaction has gone through or else please
Early this year, I was trying to find a way to get some extra funds for my little business as the cost of things we sell in our store were getting higher and there was little increase in sales.
I stumbled upon Bitcoin Trading and I decided to give it a try. I purchased $500 worth of bitcoins and they were deposited into my wallet on the 31st of January 2017.
After using it for over a month I started making $100 profits a week out of my initial $500 investment and by March my profits rose to almost $2,000 in total. The cost of Bitcoins rose so much that it reached an all-time high on the 29th of November 2017 at $11,395.02 per Bitcoin. With this rise in value, I sold half of my coins and paid off all my debts (I have never been debt-free since 2010) and was able to pay off some other bills I had pending. This is when I knew this was something serious and not just a fad.
I decided not to cash out any further bitcoins as its price continued to rise astronomically and kept it for long-term investment purposes. As at today (28th November 2018) 1 BTC = 6312 USD approximately. That
I bought some cryptocurrency last week, and I want to convert it back to cash. All the exchanges I’ve visited require me to verify my identity by uploading a government-issued ID or passport.
I don’t want to upload my government-issued ID because I am concerned about identity theft. I have been a victim of identity theft before, and it was awful.
I also don’t want all my personal information stored in one place, since that makes me a more attractive target for hackers and malicious employees.
I don’t know why the exchange needs my personal information. The only thing the exchange needs from me is an address to send the money to.
I’m sure everyone has heard the term “cryptocurrency” in the past few months.
Cryptocurrencies are digital money that uses cryptography to securely transfer funds between two parties, verify transactions and control the creation of new units.
Bitcoin was the first cryptocurrency and it was introduced in 2009. Since then, a lot of other cryptocurrencies have come into existence. Most of them are just like a better version of Bitcoin, with small tweaks here and there.
The underlying technology behind cryptocurrencies is known as Blockchain. It is a public ledger on which all transactions made using cryptocurrencies are recorded sequentially, making it easy for anyone to track them (although identities are not revealed).