Quote from: sportis on January 03, 2017, 06:23:49 AM

In my country there is not an exchange from bitcoin to fiat except if any body uses an ATM machine. If anybody wants a more permanent cooperation then uses Kraken and the rest of exchanges. Others they use cards (load in btc and withdraw to fiat). So it's usual most times face to face deal with trusted persons or using banks (SEPA, Web banking).

I like this thread, this is a real life daily challenge of people staying and dealing bitcoin in some third world countries. If bitcoin need to get global, this must be handled. They cant make exchanges like we do and they need to put it forward as exchange to their daily life. So With the face to face transaction you have advantage of negotiation, however what is the % range of transaction fee.

Quote from: Juggy777 on January 08, 2017, 08:49:07 AM

Quote from: kykc221 on January 03, 2017, 03:26:53 AM

How much does it cost for you guys to convert to fiat, and is the converting process convenient for you?

I'm new to mining and over the past 3 months and mined about $500 of various cryptos. They are converted to btc on Poloniex, moved to Gemini, then converted to USD and withdrawn to my bank.
My bank fees are about 8% unfortunately. I'm in Hong Kong and have no easy access to US banks or btc to Amazon gift card services. Any tips on lowering these fees?

Why do you have to pay such high fees. There are simpler and better method. Does your country not except paypal. If it does then you would not be required to be paid such high fees. People here convert for free or at a fees. There are many who do it. I think you should look at currency exchange or pm me. I will send you the link, you can check the review and trade, not sure if we are allowed to post direct links. But have a look at the currencies section.

some exchanges in this area take the advantages that they are few, sometimes some countries do not have more than one exchange, so definitely they exploit those who use bitcoin. Paypal is restricted in some countries to control their fiat value, so dollar get scarce and high in exchange