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Re:Bitcoin nodes surged to 200k by slipt on Thursday November 21, 2013 @08:58AM (#6774639)
People keep asking me "What is the best way to convert my bitcoins to cash?"... anyone know a good answer that you know works (first hand)?
Re:Bitcoin nodes surged to 200k by Ellipsis753 on Thursday November 21, 2013 @09:27AM (#6774774)
If they're in the UK or USA they can contact me and I'm pretty happy to convert. ([email protected]). We can trade face-to-face if you're near the south of the UK. I have a number of good reviews on independent which I can provide. Generally I use the bitcoin-otc chat on freenode which seems pretty good.
Re:Bitcoin nodes surged to 200k by dcc1 on Thursday November 21, 2013 @09:02AM (#6774656)
Buy amazon.com giftcards and buy stuff on amazon, gyft.com and gc4btc.com sell them
Re:Bitcoin nodes surged to 200k by ihsw on Thursday November 21, 2013 @09:02AM (#6774654)
It depends heavily on where you are, which bank you're with, with whom you're a citizen of, and a myriad of other factors.

Canadians may have an easier time than Americans, but Britons will be SOL.

Re:Bitcoin nodes surged to 200k by davidsong on Thursday November 21, 2013 @09:27AM (#6774772)
> Britons will be SOL

Is it that hard to set up on BitBargain?

Re:Bitcoin nodes surged to 200k by user24 on Thursday November 21, 2013 @09:34AM (#6774824)
It is not smooth at all: https://bitbargain.co.uk/trade-bitcoins-app

Not to mention the 0.4XBT non refundable seller application fee.

For a one-off "I want to cash out" use case this is completely unworkable.

Re:Bitcoin nodes surged to 200k by ihsw on Thursday November 21, 2013 @11:40AM (#6775620)
VAT applies to BTC<->GBP, so that really dampens adoption in the UK.
Re:Bitcoin nodes surged to 200k by tmountain on Thursday November 21, 2013 @09:06AM (#6774672)
One relatively easy route is to setup a coinbase account, link it to your bank account, and have your coins converted and deposited from there.
Re:Bitcoin nodes surged to 200k by deltaqueue on Thursday November 21, 2013 @11:14AM (#6775420)
Coinbase handled the recent surge in traffic pretty poorly. When prices tanked / fluctuated heavily, they turned off the ability to buy citing "a lack of bitcoin" and told users they could put in buy orders now for the market price on Friday or Monday. Two days later when the price is back up to ~$700 you can mysteriously buy again.

I'm not one for conspiracy theories, but USD liquidity has been extraordinarily frustrating over the past several days since most exchanges are foreign (and US bank wires take days to weeks).

Re:Bitcoin nodes surged to 200k by tmountain on Friday November 22, 2013 @10:31AM (#6781252)
I thought we were talking about converting to cash, not buying. I agree that the hard stop on buying is extremely annoying, and that makes coinbase a bad choice for playing the market. If you want to do fast transactional orders, CampBx is probably a better choice.
Re:Bitcoin nodes surged to 200k by thomasnno on Thursday November 21, 2013 @09:29AM (#6774787)
I have successfully used localbitcoins.com, using National Bank Transfer. Use their escrow service. Note that you probably do not want to sell to people through paypal (they can easily reverse the transaction), nor to people though other easily reversible payment services.
Re:Bitcoin nodes surged to 200k by 3pt14159 on Thursday November 21, 2013 @09:03AM (#6774660)
Sell them to people for cash. I used to use MtGox to get a couple grand out here or there, but now it's too much of a pain. It depends where you are though. There are some decent Canadian options, and Coinbase is supposed to be good for Americans.
Re:Bitcoin nodes surged to 200k by steveeq1 on Thursday November 21, 2013 @09:11AM (#6774688)
localbitcoins.com or bitcoin-otc.com (irc). Buy peer to peer and then sell to your non-technical friends or friends of friends with a 5-10% markup. It is best to not look at it as a "problem" but rather as a entrepreneurial opportunity.
Re:Bitcoin nodes surged to 200k by c0n5pir4cy on Thursday November 21, 2013 @09:08AM (#6774678)
I use an exchange, it's been the best way for me so far.
Re:Bitcoin nodes surged to 200k by kolinko on Thursday November 21, 2013 @09:55AM (#6774927)
If in Europe - Bitstamp.net? Just remind them of tax issues if they earned money on speculation.