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Showing 11 of 11 results by moundtown
I've used coinbase and it takes awhile but has low fees and is based in the US so I trust it.
How do you transfer bitcoins from your wallet to your coinbase account in order to sell them?They're back now I see. Last night and earlier today the site could not be reached.
I have the Bitcoin client and I have bitcoins in a wallet. All I want to do is sell these bitcoins for US dollars. It seems like an impossibility at this point. FastCash4Bitcoins looked promising except that I could never catch them when they had funds available and now their website has simply disappeared. I joined Coinbase and got my bank account verified but now I cannot find out how to transfer the bitcoins to my Coinbase account in order to sell them. This information is not on the site and they have not responded to my email message. Someone mentioned Dwolla but their help section has absolutely nothing about bitcoins.
So if someone here could inform me of someplace where I can sell my bitcoins for US dollars it would be much appreciated.
Thanks
So if someone here could inform me of someplace where I can sell my bitcoins for US dollars it would be much appreciated.
Thanks
Another newbie question. If the company that owes me money uses EUR currency how would I get the USD equivalency of that if they pay me in bitcoins?
You sell your bitcoins for USD. Doing that while getting the best exchange rate without getting ripped off (hint: don't use PayPal or eBay, no matter what) is entirely your problem, not theirs. That's why I strongly recommend you don't use Bitcoin for large transactions until you're confident that you've got it all figured out. Again, you don't have to accept bitcoins unless you have a contract that says you do.A company outside the U.S. owes me money. They want to send it to me with Bitcoin. It appears to me the value of a bitcoin varies greatly from one day, or sometimes one hour, to the next. My question is, if the company pays me in bitcoins what happens if the value drops significantly before I can sell them and convert them to cash? Also, where is a trusted place to sell bitcoins?
Thank You
Thank You
Hi - the volatility of bitcoin is the issue. They could send you the bitcoins at a value and it could drop greatly, or, it could in fact increase greatly. Essentially to clear the debt, say it's $100 you might say 1btc for $100. By the time you "convert" it might be 95 it might be 105.
fastcash4bitcoins is my preferred vendor.
Bitcoins are extremely divisible! i.e. 3.2345645645 BTC is a real figure that can exist! It depends on the total amount owed, but personally I'd probably prefer payment in BTC 
Thanks for the info. What do you mean by you would prefer payment in BTC?The value of BTC varies by the minute a lot, not just by the day. I hate sending my coins back and forth between exchanges because sometimes I lose 10% in the hour or two when are in transit.
I noticed that also. Within an hour's time I've seen the value drop by a couple of dollars. I've also seen it go up just as quickly. Isn't the value locked in at the time you submit the bitcoins to the buyer?If I had a choice I would have the company send my money by some other means but they simply won't. This might be a stupid question but how do you receive an exact amount with bitcoins? Is there a decimal system for fractions of a bitcoin?
A company outside the U.S. owes me money. They want to send it to me with Bitcoin. It appears to me the value of a bitcoin varies greatly from one day, or sometimes one hour, to the next. My question is, if the company pays me in bitcoins what happens if the value drops significantly before I can sell them and convert them to cash? Also, where is a trusted place to sell bitcoins?
Thank You
Thank You