To convert Bitcoin into cash, look for a Bitcoin exchange that will allow you to sell your Bitcoin at a reasonable price, for your preferred local currency (such as pesos, dollars, or euros).Most Bitcoin exchanges display their sell price, or "offer", in a ticker located at or near the top part of their homepage: The sell price is basically what an exchange uses to compute how much cash you will get when you convert your Bitcoin.The price shown on the ticker is real-time and is usually updated every few seconds.When choosing which exchange to use, you should consider the following: Whether or not the exchange supports your preferred currency, and your preferred method of receiving your cash How much does the exchange charge?(Beware of exchanges with hidden fees!)How long it will take for them to send your funds?Whether or not their sell price is reasonable If the exchange has a reputation of being legitimate and reliable Converting Bitcoin into Pesos (PHP) In the Philippines, Coins.ph provides the fastest, easiest and safest way to turn Bitcoin into Philippine Pesos (PHP).

You can sell as little as 0.001 Bitcoin, and receive your cash through over 25 different ways, including options that don't even require having a bank account).If you don't have one yet, start by signing up for a Coins.ph account.Coins.ph accounts are completely free -- signing up only takes a couple of minutes, and all you need is a valid email address.You'll need to sign in to place an order.Go to the Cash Out page to place an order.You will be directed through four steps: 1) Method  - Start by choosing how you'd like us to send your cash.bitcoin blizzardIf you have a bank account, you can choose "Bank."bitcoin hashing cardIf not, you can choose from a number of other options, such as an instant cardless ATM Instant Payout, cash pick-up at over 10,000 remittance outlets, and door-to-door delivery.bitcoin lite price

2) Amount - Indicate the amount you wish to sell.3) Recipient - Provide necessary information about you or your recipient (e.g.bank account details, mobile number) 4) Payment - Choose how you want to pay for the order.If you wish to convert Bitcoin that you are currently storing outside of Coins.ph (i.e.in a Bitcoin wallet such as Blockchain.info, or in another exchange such as Coinbase), click the "Other payment options" button.Then click the "Show QR" button.cyprus bitcoin courseIf you have already added funds to your Coins.ph BTC Wallet, you also have the option of paying directly with your Coins.ph balance.bitcoin vps europeTo do this, simply choose "Bitcoin Wallet" then click the "Pay" button.bitcoin wallet coin controlSend your payment to finish placing your order.bitcoin baccarat

Send the exact Bitcoin amount to the receiving wallet address indicated in the "Show QR" screen.If you're copy-pasting the address to a field in your external wallet, please don't forget to double-check before hitting send!You will receive a notification via email once your Bitcoin payment reaches the receiving wallet.The status of the order will also change to "Processing" to indicate that we are working on getting the funds to you: 4.We'll deliver your cash!cara buat bitcoin addressWe will then deposit your cash through the method you specified.bitcoin mining linux live cdDepending on when you placed your order and which method you chose, you will receive your funds between 5 minutes, 24 hours, or by next business day.Send us an email at help@coins.ph and we'd be happy to assist you with your Cash Out order.Last Updated: 23rd October, 2015 Selling bitcoin isn't quite as straightforward as buying bitcoin, but fortunately CoinDesk is here to help.

This guide will give you all the information you need to cash out your digital currency.When deciding how to sell your bitcoin, you first need to consider which method best suits your situation: selling bitcoin online or selling bitcoin in person.Each option has its own advantages and disadvantages.Selling bitcoin online is by far the more common way of trading your bitcoin.There are now three ways to go about selling bitcoin online.The first way involves a direct trade with another person, an intermediary facilitating the connection.The second way is through an online exchange, where your trade is with the exchange rather than another individual.New peer-to-peer trading marketplaces that allow bitcoin owners to obtain discounted goods with their bitcoin via others that want to obtain the cryptocurrency with credit/debit cards.The two groups are brought together to solve both problems in a kind of peer-to-peer exchange.Direct trades: Websites that offer this type of selling structure include Coinbase and LocalBitcoins in the US, and BitBargain UK and Bittylicious in the UK.

On these sites, you will usually have to register as a seller.This involves verifying your identity, which we will discuss again later.Once you have registered, you can post an offer, signalling that you want to sell, and the website will alert you when a buyer wants to trade with you.From there, your interaction is solely with the buyer, but you use the website to complete your trade.The process of selling on Bitbargain UK and (more so) Bittylicious can be quite involved and requires some patience.However, support at the former site has been great in our experience.Bitcoin users with bank accounts in the United States should consider using Coinbase or Circle, which have both won many fans with their simplicity.Exchange trades: The other way to sell bitcoins is to register with an online exchange.You will still have to verify your identity, but in this case you won’t have to do as much work when it comes to organizing the sale.Exchanges act as an intermediary who holds everyone's funds.

You place a ‘sell order’ (just as you would place a buy order), stating the volume (amount) and type of currency you wish to sell (eg bitcoin), and the price per unit you wish to sell for.As soon as someone places a matching buy order, the exchange will complete the transaction.The currency will then be credited to your account.The downside that accompanies this ease of use is that, if you are selling bitcoin for fiat currencies, you will need to withdraw those funds to your bank.If the exchange is facing liquidity problems or issues with its banks, it can take an inordinate amount of time to receive your funds.Gox became infamous for this problem before it went bankrupt, and BTC-e has recently been plagued with reports of similar difficulties.Therefore, you should carefully research the exchange you intend to use before committing funds.Examples of other crypto-to-fiat currency exchanges include Circle, Kraken and Bitstamp.Alternatively, you could use a pure cryptocurrency exchange to change bitcoin for another cryptocurrency.

It's less likely that anyone would want to do this, but there are reasons such as arbitrage, or the rare occasion if a shop accepts something other than bitcoin (for example, Bitcoin Shop now accepts litecoin and dogeoin too, for a wide range of goods).Examples of these types of sites are: BTER, CoinCorner and Cryptsy.In addition, you’ll have to pay a fee to use some exchanges.BTC-e charges a flat 0.2%.For overviews of what fees are charged by the various cyrptocurrency markets and what volumes are being traded, see CoinCompare and Bitcoin Charts for up-to-date information.Another consideration is that there will be some limit to the amount of money you are allowed to store (subject to change over time) on an exchange.Regardless, it is not wise to use exchanges to store your entire pot of coins, even though it can appear to be the easy option if all you are doing is speculating.You should take responsibility for your own funds, and store any unneeded amounts on your own devices or offline, rather than trusting an exchange that might one day be hacked.

A new development in the bitcoin space is the advent of sites like Brawker and Purse, which set out to bring together two groups of people with specific and complementary needs.The first group are individuals who want to be able to use bitcoin to buy goods from sites which do not yet directly accept digital currencies.The second comprises of others who would like to buy bitcoin with a credit or debit card.The marketplace brings together individuals with matching requirements to effectively sell bitcoin to one and provide discounted goods for the other.The marketplace acts as an intermediary, offering users the platform, bitcoin wallet and escrow for transactions.This system does mean that Bob will be paying a relatively high fee for the service, but also means he will be easily able to acquire bitcoin via bank card.The universal way to move money around the world is international wire transfers.Most (if not all) online bitcoin markets support this method of transferral.Another way to transfer money to your bank after selling bitcoin is via the "Single European Payments Area" (SEPA) system.

SEPA was designed to make international transfers between member states of the European Union more efficient.Some exchanges (such as Kraken and BTC-e) support these payments.However, transfers take a very long time (around four days), and can incur large charges – potentially making trading prohibitively expensive.HSBC, for example, charges £4 per SEPA payment made via online banking and £9 per WorldPay transaction.Barclays charges £15 per SEPA payment and £25 for other international transactions.If you are opening an account with the specific purpose of receiving funds from bitcoin trading, you may find high street banks refuse to do business with you.HSBC has explicitly refused the author of this guide accounts for bitcoin trading.You can also use third-party payment processors to withdraw and receive fiat funds.The numbers of these services is dwindling, however.OKPAY recently stopped engaging with bitcoin businesses.While many of the bitcoin markets mentioned here require very little identification from buyers, they require a lot of proof of identity from sellers.

There are few legal requirements from bitcoin markets to record who their users are, but most (if not all) are preemptively collecting identity data in anticipation of forthcoming regulations.To make becoming a seller easier, it is worth at least considering completing the identity verification process when you first join the site.Getting this step out of the way can remove barriers to selling if and when you’re ready to make the move.Expect markets to ask you to upload scans of two utility bills displaying your name and address, along with a photo ID (such as a passport or driving licence).Some (such as BitBargain UK) may even ask you to take a selfie including your photo ID and the name of the market on a piece of paper!If you are not comfortable uploading such personal documents to an (effectively) untrusted business, then you will have a difficult time finding somewhere to sell bitcoin online.Selling bitcoin in person can, in many ways, be the easiest way to pass on your digital currency.