Post
Topic
Board Trading Discussion
Re: What are the ways i can cash out Bitcoin in another country?
by
coinfinger
on 24/01/2020, 17:14:58 UTC

If i ever go to another country and try to cash out Bitcoin,

what are the ways?


Only two things i can think of...

1. Make certain bank account where i can cash out Bitcoin

2. In person


1st option may not be possible though at certain country...

Any thought?

Bitcoin ATMs or if your country that you go have local exchange which able to convert cryptocurrency to fiat of their country you can use it.
I think the exchange option is better compared to bitcoin atms which known takes too high fee for redeeming our crypto to fiat. But if the bitcoin atms is the only way, you should use it.
Bitcoin ATM's entirely depend on the availability. I do not really think each of the countries might be having bitcoin ATM's around each corner of their state so this option might seem not applicable here.

If OP was already aware about the bitcoin ATM and if the place he is living currently has any of such ATM's than I am sure until now OP might already have been used such ATM's as using those ATM to in cash our bitcoins is always a better option in foreign countries as we hardly have any local documents for verification onto any of the local exchanges so it might not be a suitable suggestion for OP.

Bitcoin ATM are convenient to use but what we lack is the availability of those globally. Most of the countries do not even know what actually bitcoin ATM's are and they have not yet seen any of such regulating so there needs to be awareness about those globally.