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  1. #1
    universal4's Avatar
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    Default Exchanging BTC to Fiat Currency

    Based upon requests we wanted to start a discussion for the most recommended exchanges for changing Bitcoin BTC into fiat currency.

    http://www.gpwa.org/forum/good-btc-e...sa-249025.html
    http://www.gpwa.org/forum/good-btc-e...da-250952.html

    For country specific query's there had already been a discussion for USA or Canada, linked above, but this discussion may help others make better choices in their respective countries.

    Who do you recommend, or recommend against and why?

    Rick
    Universal4

  2. #2
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    Meanwhile I'm a big fan of paxful.com not an exchange but a great way to to get fiat to you bank account, PayPal, Skrill and many other options.
    Casino and Sports Betting Domain Names For Sale. Trusted Seller.

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  4. #3
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    Quote Originally Posted by eenzoo View Post
    Meanwhile I'm a big fan of paxful.com not an exchange but a great way to to get fiat to you bank account, PayPal, Skrill and many other options.
    looks pretty much the same as localbitcoins? what are you guys using for larger amounts in euros?

  5. #4
    diachibet is offline Private Member
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    At Huobi OTC or Binance OTC you can exchange BTC to your fiat currency.

  6. #5
    bitcoincasino is offline Non-sponsor Affiliate Program
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    Keep in mind some exchanges are running away from gambling and betting, so if the source of the crypto are the affiliate programs, in some exchanges you will have a prob

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    ddm
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    Quote Originally Posted by bitcoincasino View Post
    Keep in mind some exchanges are running away from gambling and betting, so if the source of the crypto are the affiliate programs, in some exchanges you will have a prob
    and how pray tell, would an exchange know the source of the funds. ?
    would love to see a source ..
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  8. #7
    bitcoincasino is offline Non-sponsor Affiliate Program
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    You know that as much as crypto currencies are anonymous, there are options to track each and every transaction to its source, right ?
    If you receive BTC from addresses which are consider to be blacklisted, you may have a problem.
    You can try to mix the addresses and use faucets for join transactions, bottom line, its traceable.

  9. #8
    ddm
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    I know there are tumblers and services like shapeshift.io to remove footprints fwiw..
    i guess this BS is why i use a ledger nano.
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  10. #9
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    Coinbase allows you to do it quickly.

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    Or maybe use wasabi wallet (haven't used it personally).
    "The harder I work, the luckier I get."

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    There are several services that will do crypto to fiat on receipt, they will generally only work with B2B customers, I believe if it is affiliate payments you will have no issue. Drop me a line if you want more details.


    Full disclosure, you will be able to see that my software powers a few of the crypto gambling platforms. But I don't have any interest in the OTC clients that I am talking about.

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    There're lots of exchanging services online, such as kraken or poloniex. But I don't think now is the best time for exchanging..but who knows, maybe the price of BTC will fal in the nearst time

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    Quote Originally Posted by bitcoincasino View Post
    Keep in mind some exchanges are running away from gambling and betting, so if the source of the crypto are the affiliate programs, in some exchanges you will have a prob
    I think is especially true if you are getting bitcoin from a highly regulated market like the US. A big misconception is that bitcoin is 100% anonymous. The irony is that it is a public ledger. It's true that you can not identify the account holder, but tracking bitcoin is possible. For example, if the US DoJ makes deposits in BTC to an illegal bookie, the funds can be losely tracked. The bookie uses those funds to pay an affiliate, and the source is suspicious.

    I think this will be increasingly difficult issue for those affiliates.

  15. #14
    Jambo is offline Private Member
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    Quote Originally Posted by AmyWoods View Post
    There're lots of exchanging services online, such as kraken or poloniex. But I don't think now is the best time for exchanging..but who knows, maybe the price of BTC will fal in the nearst time
    I think the bitcoin price will grow this year to 12-13k maybe. Everybody expected that the price will explode again after the last bitcoin halving but as we see..... nothing happend. Anyway it is realistic that we reach again a price of 15-20k in the next 12 months.

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    Quote Originally Posted by WagerX View Post
    I think is especially true if you are getting bitcoin from a highly regulated market like the US. A big misconception is that bitcoin is 100% anonymous. The irony is that it is a public ledger. It's true that you can not identify the account holder, but tracking bitcoin is possible. For example, if the US DoJ makes deposits in BTC to an illegal bookie, the funds can be losely tracked. The bookie uses those funds to pay an affiliate, and the source is suspicious.

    I think this will be increasingly difficult issue for those affiliates.
    I do not think many people who use BTC think BTC is anonymous. I hope people can not be so dumb after more than 10 years of existence of bitcoin.

    Affiliates funds are different funds than betting funds. The bigger the bookie, the more this is true. Bookies use mixers and in some cases even miners to keep those funds divided.

    I think the bitcoin price will grow this year to 12-13k maybe. Everybody expected that the price will explode again after the last bitcoin halving but as we see..... nothing happend. Anyway it is realistic that we reach again a price of 15-20k in the next 12 months.
    No, not "everybody" expected that price will explode "again" after this halving. Many people were expecting a drop, some even death spiral caused by collapse of miners (which is now certainly not happening - hashrate grows). Right after halving was always a drop and this one was very mild. But mid- and long- term halving is having positive effect on BTC - and this is what people expected (so growth during next 2 years after halving and shortly before halving).

    Price of BTC will be however even more defined by monetary and economic policies of the world.

    With Bitcoin is always realistic to anticipate two things: recent price is the best estimation of future price. Always expect a high volatility.
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    Sherlock's Avatar
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    Quote Originally Posted by Strider1973 View Post
    Or maybe use wasabi wallet (haven't used it personally).
    Wasabi or Samurai are wallets with mixers. It is not a good idea to mix the funds if you do not know what you are doing and you send them to coinbase for example. Then the clearly mixed funds look like even more black than they are and you have no proof that you got them legitimately. CB I think even asked directly people not to mix the funds.

    I mean yes, the funds have to be somehow obfuscated, but not in this direct way.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
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  19. #17
    Malikbhai is offline Public Member
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    I'm connected to a network of "big somebodies" who are always short on liquidity when it comes to BTC. So, I just give them what I have and they pass the money into my bank account directly. All at a local level.

    The point was, it's not necessary to use these exchanges, if you can find someone local in your city.

  20. #18
    ddm
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    one option I like is to stick it on GGPoker and run it up, cash it out fiat. Ez.
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  21. #19
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    Quote Originally Posted by ddm View Post
    and how pray tell, would an exchange know the source of the funds. ?
    would love to see a source ..
    The exchanges will ask the source. I'm wondering if they'll be fine with affiliate income from gambling sites. Otherwise, you have to make something up. They'll probably ask for proof such as invoices and those can be matched against public bitcoin transactions.

  22. #20
    Sherlock's Avatar
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    Quote Originally Posted by Malikbhai View Post
    I'm connected to a network of "big somebodies" who are always short on liquidity when it comes to BTC. So, I just give them what I have and they pass the money into my bank account directly. All at a local level.
    It is good neews for BTC that big somebodies need BTC. Thanks for the info.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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