Quote from: GreenBits on November 25, 2017, 12:23:36 AM

Quote from: worldtraveller321 on November 21, 2017, 09:17:07 PM

As being new to the crypto currency world. I like to know how do you cash you your money?

such as taking your crypto and taking it out into real money?

eg transfers to paypal?

etc. what methods suggested?

Try Localbitcoins, Coinbase, or CEX.io (high fees, but a pretty straightforward verification process now). You can do paypal, but be very careful. this is generally frowned up because folks have the ability to cash back, if the payment gets reversed, your bitcoin is still going to be gone with no recourse (cant reverse a txid). localbitcoins should allow you to withdraw bitcoin to fiat to a bank account, or to meet up with someone in person. if you go the meetup route, please be careful! well lit, well trafficked place during the peak of business hours, or the police station/a library/ a supermarket.

handle it like you would if you were buying something off of craigslist.

Personally, I would go with the Localbitcoins routes. Face to face is the best thing do, but as GreenBits pointed out, you need to be cautious and look for a trusted member and meet up should be a place where there's plenty of people around, don't meet in an alley or something that you are not comfortable. We are just lucky that we have our local exchanges that will give you the option to convert bitcoin to fiat in an instance and you can go to a bank withdraw it without having a physical card, they will just provide you with a 16 digit code and a pin code. Then you can still transfer your converted fiat with a lot of banks.