How can I switch BTC into normal cash? Bitcoin Stack Exchange

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How can I switch BTC into normal cash?

Can you eventually hold the bitcoins in your palm, like real cash dollars or euros or something? If so, how?

I’ve went about all the service previews and introduction movies (actually, a movie), and didn’t see anything about this particular point.

I don’t have a credit card, and I’m in a country where banking services aren’t so profound and people don’t use credit cards (Libya). Does a Bitcoin account rely on having a credit card, and will the coins you gather be added to your bank account?

11 Answers

Bitcoins are a purely electronic currency. If you want to sell them in exchange for dollars or euros, you can do that. But as Bitcoins, they exist purely electronically. There are physical Bitcoins but basically, they’re just the key to an electronic account printed in some form.

I think you’re missing the concept that Bitcoins act like a currency or commodity. You can have ten Bitcoins just like you can have ten ounces of gold. The key difference is that the Bitcoins exist electronically rather than phyiscally. If you have Bitcoins and want dollars, you have to find someone who has dollars and wants Bitcoins, then you exchange with them.

Bitcoins are not a payment or fund transfer system for national currencies like PayPal and Western Union are. Bitrcoins are a currency that has an efficient built-in transfer system.

Bitcoin doesn’t need a bank account – your bitcoin wallet is your bank account, and you don’t need any permission or paperwork to begin using bitcoin.

For example, using localbitcoins.com to switch cash to bitcoins and vice versa, you don’t need any kind of bank account at all.

What you are looking for is likely a person-to-person exchange where you provide bitcoins and in exchange you get EURO currency.

While there is some of this happening in various places, it is not found everywhere. There are no buyers or sellers listing Libya, . yet:

  • https://localbitcoins.com/country/ly Suggesting to exchange bitcoins to cash and vice-versa can be an income-generating activity, tho’ in many areas doing so requires licensing.

But where there’s a will there’s a way.

In the meantime, here’s a list of various methods:

I didn’t fairly understand the other parts of your question. Bitcoin don’t rely on having a credit card nor having a bank account. https://www.bitinstant.com/ permit you to fund your exchange account with just cash.

You don’t need a credit card to use Bitcoin, and you don’t need any account anywhere. Just download the open source software from http://www.bitcoin.org

Bitcoin was born out of discontentment with traditional (central) banking, monetary, credit and transaction systems. That’s why there is no central institution or authority behind Bitcoin that can administer you. How much one bitcoin is worth is entirely determined by free market dynamics within the community. That’s possible because the supply of bitcoins is held artificially scarce.

It’s a currency from the people for the people. If you and your community want to build an economy upon it, you all can get some GPUs or FPGAs and begin mining. It will be entirely up to initiatives in your community to build services that exchange to and from traditional (Libyan) currencies, to suggest goods and services, or to manufacture physical coins similar to Casascius to put into circulation (albeit these are rather seen as a gimmick, it may be much more convenient to use mobile phone clients nowadays for meatspace trading). Even in US and Europe where it’s most popular, Bitcoin is still in its infancy and this process is only just happening.

If you happen to find Bitcoin inadequate to build a local economy upon, because you can’t mine enough or you’d have to invest too much to buy some, you may take a look at different concepts like Ripple et al. These concepts build upon trust relationships however, you’ll lose some of the features like the global scope and the (relative) anonymity/pseudonymity that Bitcoin offers. Money is a device to transfer value after all. There are presently no known devices or technologies that can solve all problems at once if you don’t want a currency that is enforced by an authority.

How can I switch BTC into normal cash? Bitcoin Stack Exchange

Без кейворда

Get via App Store Read this post in our app!

How can I switch BTC into normal cash?

Can you eventually hold the bitcoins in your arm, like real cash dollars or euros or something? If so, how?

I’ve went about all the service previews and introduction movies (actually, a movie), and didn’t see anything about this particular point.

I don’t have a credit card, and I’m in a country where banking services aren’t so profound and people don’t use credit cards (Libya). Does a Bitcoin account rely on having a credit card, and will the coins you gather be added to your bank account?

11 Answers

Bitcoins are a purely electronic currency. If you want to sell them in exchange for dollars or euros, you can do that. But as Bitcoins, they exist purely electronically. There are physical Bitcoins but basically, they’re just the key to an electronic account printed in some form.

I think you’re missing the concept that Bitcoins act like a currency or commodity. You can have ten Bitcoins just like you can have ten ounces of gold. The key difference is that the Bitcoins exist electronically rather than phyiscally. If you have Bitcoins and want dollars, you have to find someone who has dollars and wants Bitcoins, then you exchange with them.

Bitcoins are not a payment or fund transfer system for national currencies like PayPal and Western Union are. Bitrcoins are a currency that has an efficient built-in transfer system.

Bitcoin doesn’t need a bank account – your bitcoin wallet is your bank account, and you don’t need any permission or paperwork to begin using bitcoin.

For example, using localbitcoins.com to switch cash to bitcoins and vice versa, you don’t need any kind of bank account at all.

What you are looking for is likely a person-to-person exchange where you provide bitcoins and in exchange you get EURO currency.

While there is some of this happening in various places, it is not found everywhere. There are no buyers or sellers listing Libya, . yet:

  • https://localbitcoins.com/country/ly Suggesting to exchange bitcoins to cash and vice-versa can be an income-generating activity, however in many areas doing so requires licensing.

But where there’s a will there’s a way.

In the meantime, here’s a list of various methods:

I didn’t fairly understand the other parts of your question. Bitcoin don’t rely on having a credit card nor having a bank account. https://www.bitinstant.com/ permit you to fund your exchange account with just cash.

You don’t need a credit card to use Bitcoin, and you don’t need any account anywhere. Just download the open source software from http://www.bitcoin.org

Bitcoin was born out of discontentment with traditional (central) banking, monetary, credit and transaction systems. That’s why there is no central institution or authority behind Bitcoin that can administer you. How much one bitcoin is worth is entirely determined by free market dynamics within the community. That’s possible because the supply of bitcoins is held artificially scarce.

It’s a currency from the people for the people. If you and your community want to build an economy upon it, you all can get some GPUs or FPGAs and begin mining. It will be entirely up to initiatives in your community to build services that exchange to and from traditional (Libyan) currencies, to suggest goods and services, or to manufacture physical coins similar to Casascius to put into circulation (albeit these are rather seen as a gimmick, it may be much more convenient to use mobile phone clients nowadays for meatspace trading). Even in US and Europe where it’s most popular, Bitcoin is still in its infancy and this process is only just happening.

If you happen to find Bitcoin inadequate to build a local economy upon, because you can’t mine enough or you’d have to invest too much to buy some, you may take a look at different concepts like Ripple et al. These concepts build upon trust relationships however, you’ll lose some of the features like the global scope and the (relative) anonymity/pseudonymity that Bitcoin offers. Money is a implement to transfer value after all. There are presently no known implements or technologies that can solve all problems at once if you don’t want a currency that is enforced by an authority.

How can I switch BTC into normal cash? Bitcoin Stack Exchange

Без кейворда

Get via App Store Read this post in our app!

How can I switch BTC into normal cash?

Can you eventually hold the bitcoins in your arm, like real cash dollars or euros or something? If so, how?

I’ve went about all the service previews and introduction movies (actually, a movie), and didn’t see anything about this particular point.

I don’t have a credit card, and I’m in a country where banking services aren’t so profound and people don’t use credit cards (Libya). Does a Bitcoin account rely on having a credit card, and will the coins you gather be added to your bank account?

11 Answers

Bitcoins are a purely electronic currency. If you want to sell them in exchange for dollars or euros, you can do that. But as Bitcoins, they exist purely electronically. There are physical Bitcoins but basically, they’re just the key to an electronic account printed in some form.

I think you’re missing the concept that Bitcoins act like a currency or commodity. You can have ten Bitcoins just like you can have ten ounces of gold. The key difference is that the Bitcoins exist electronically rather than phyiscally. If you have Bitcoins and want dollars, you have to find someone who has dollars and wants Bitcoins, then you exchange with them.

Bitcoins are not a payment or fund transfer system for national currencies like PayPal and Western Union are. Bitrcoins are a currency that has an efficient built-in transfer system.

Bitcoin doesn’t need a bank account – your bitcoin wallet is your bank account, and you don’t need any permission or paperwork to embark using bitcoin.

For example, using localbitcoins.com to switch cash to bitcoins and vice versa, you don’t need any kind of bank account at all.

What you are looking for is likely a person-to-person exchange where you provide bitcoins and in exchange you get EURO currency.

While there is some of this happening in various places, it is not found everywhere. There are no buyers or sellers listing Libya, . yet:

  • https://localbitcoins.com/country/ly Suggesting to exchange bitcoins to cash and vice-versa can be an income-generating activity, tho’ in many areas doing so requires licensing.

But where there’s a will there’s a way.

In the meantime, here’s a list of various methods:

I didn’t fairly understand the other parts of your question. Bitcoin don’t rely on having a credit card nor having a bank account. https://www.bitinstant.com/ permit you to fund your exchange account with just cash.

You don’t need a credit card to use Bitcoin, and you don’t need any account anywhere. Just download the open source software from http://www.bitcoin.org

Bitcoin was born out of discontentment with traditional (central) banking, monetary, credit and transaction systems. That’s why there is no central institution or authority behind Bitcoin that can administer you. How much one bitcoin is worth is entirely determined by free market dynamics within the community. That’s possible because the supply of bitcoins is held artificially scarce.

It’s a currency from the people for the people. If you and your community want to build an economy upon it, you all can get some GPUs or FPGAs and commence mining. It will be entirely up to initiatives in your community to build services that exchange to and from traditional (Libyan) currencies, to suggest goods and services, or to manufacture physical coins similar to Casascius to put into circulation (albeit these are rather seen as a gimmick, it may be much more convenient to use mobile phone clients nowadays for meatspace trading). Even in US and Europe where it’s most popular, Bitcoin is still in its infancy and this process is only just happening.

If you happen to find Bitcoin inadequate to build a local economy upon, because you can’t mine enough or you’d have to invest too much to buy some, you may take a look at different concepts like Ripple et al. These concepts build upon trust relationships however, you’ll lose some of the features like the global scope and the (relative) anonymity/pseudonymity that Bitcoin offers. Money is a implement to transfer value after all. There are presently no known contraptions or technologies that can solve all problems at once if you don’t want a currency that is enforced by an authority.

How can I switch BTC into normal cash? Bitcoin Stack Exchange

Без кейворда

Get via App Store Read this post in our app!

How can I switch BTC into normal cash?

Can you eventually hold the bitcoins in your mitt, like real cash dollars or euros or something? If so, how?

I’ve went about all the service previews and introduction movies (actually, a movie), and didn’t see anything about this particular point.

I don’t have a credit card, and I’m in a country where banking services aren’t so profound and people don’t use credit cards (Libya). Does a Bitcoin account rely on having a credit card, and will the coins you gather be added to your bank account?

11 Answers

Bitcoins are a purely electronic currency. If you want to sell them in exchange for dollars or euros, you can do that. But as Bitcoins, they exist purely electronically. There are physical Bitcoins but basically, they’re just the key to an electronic account printed in some form.

I think you’re missing the concept that Bitcoins act like a currency or commodity. You can have ten Bitcoins just like you can have ten ounces of gold. The key difference is that the Bitcoins exist electronically rather than phyiscally. If you have Bitcoins and want dollars, you have to find someone who has dollars and wants Bitcoins, then you exchange with them.

Bitcoins are not a payment or fund transfer system for national currencies like PayPal and Western Union are. Bitrcoins are a currency that has an efficient built-in transfer system.

Bitcoin doesn’t need a bank account – your bitcoin wallet is your bank account, and you don’t need any permission or paperwork to begin using bitcoin.

For example, using localbitcoins.com to switch cash to bitcoins and vice versa, you don’t need any kind of bank account at all.

What you are looking for is likely a person-to-person exchange where you provide bitcoins and in exchange you get EURO currency.

While there is some of this happening in various places, it is not found everywhere. There are no buyers or sellers listing Libya, . yet:

  • https://localbitcoins.com/country/ly Suggesting to exchange bitcoins to cash and vice-versa can be an income-generating activity, however in many areas doing so requires licensing.

But where there’s a will there’s a way.

In the meantime, here’s a list of various methods:

I didn’t fairly understand the other parts of your question. Bitcoin don’t rely on having a credit card nor having a bank account. https://www.bitinstant.com/ permit you to fund your exchange account with just cash.

You don’t need a credit card to use Bitcoin, and you don’t need any account anywhere. Just download the open source software from http://www.bitcoin.org

Bitcoin was born out of discontentment with traditional (central) banking, monetary, credit and transaction systems. That’s why there is no central institution or authority behind Bitcoin that can administer you. How much one bitcoin is worth is entirely determined by free market dynamics within the community. That’s possible because the supply of bitcoins is held artificially scarce.

It’s a currency from the people for the people. If you and your community want to build an economy upon it, you all can get some GPUs or FPGAs and embark mining. It will be entirely up to initiatives in your community to build services that exchange to and from traditional (Libyan) currencies, to suggest goods and services, or to manufacture physical coins similar to Casascius to put into circulation (albeit these are rather seen as a gimmick, it may be much more convenient to use mobile phone clients nowadays for meatspace trading). Even in US and Europe where it’s most popular, Bitcoin is still in its infancy and this process is only just happening.

If you happen to find Bitcoin inadequate to build a local economy upon, because you can’t mine enough or you’d have to invest too much to buy some, you may take a look at different concepts like Ripple et al. These concepts build upon trust relationships however, you’ll lose some of the features like the global scope and the (relative) anonymity/pseudonymity that Bitcoin offers. Money is a implement to transfer value after all. There are presently no known instruments or technologies that can solve all problems at once if you don’t want a currency that is enforced by an authority.

How can I switch BTC into normal cash? Bitcoin Stack Exchange

Без кейворда

Get via App Store Read this post in our app!

How can I switch BTC into normal cash?

Can you eventually hold the bitcoins in your mitt, like real cash dollars or euros or something? If so, how?

I’ve went about all the service previews and introduction movies (actually, a movie), and didn’t see anything about this particular point.

I don’t have a credit card, and I’m in a country where banking services aren’t so profound and people don’t use credit cards (Libya). Does a Bitcoin account rely on having a credit card, and will the coins you gather be added to your bank account?

11 Answers

Bitcoins are a purely electronic currency. If you want to sell them in exchange for dollars or euros, you can do that. But as Bitcoins, they exist purely electronically. There are physical Bitcoins but basically, they’re just the key to an electronic account printed in some form.

I think you’re missing the concept that Bitcoins act like a currency or commodity. You can have ten Bitcoins just like you can have ten ounces of gold. The key difference is that the Bitcoins exist electronically rather than phyiscally. If you have Bitcoins and want dollars, you have to find someone who has dollars and wants Bitcoins, then you exchange with them.

Bitcoins are not a payment or fund transfer system for national currencies like PayPal and Western Union are. Bitrcoins are a currency that has an efficient built-in transfer system.

Bitcoin doesn’t need a bank account – your bitcoin wallet is your bank account, and you don’t need any permission or paperwork to commence using bitcoin.

For example, using localbitcoins.com to switch cash to bitcoins and vice versa, you don’t need any kind of bank account at all.

What you are looking for is likely a person-to-person exchange where you provide bitcoins and in exchange you get EURO currency.

While there is some of this happening in various places, it is not found everywhere. There are no buyers or sellers listing Libya, . yet:

  • https://localbitcoins.com/country/ly Suggesting to exchange bitcoins to cash and vice-versa can be an income-generating activity, however in many areas doing so requires licensing.

But where there’s a will there’s a way.

In the meantime, here’s a list of various methods:

I didn’t fairly understand the other parts of your question. Bitcoin don’t rely on having a credit card nor having a bank account. https://www.bitinstant.com/ permit you to fund your exchange account with just cash.

You don’t need a credit card to use Bitcoin, and you don’t need any account anywhere. Just download the open source software from http://www.bitcoin.org

Bitcoin was born out of discontentment with traditional (central) banking, monetary, credit and transaction systems. That’s why there is no central institution or authority behind Bitcoin that can administer you. How much one bitcoin is worth is entirely determined by free market dynamics within the community. That’s possible because the supply of bitcoins is held artificially scarce.

It’s a currency from the people for the people. If you and your community want to build an economy upon it, you all can get some GPUs or FPGAs and begin mining. It will be entirely up to initiatives in your community to build services that exchange to and from traditional (Libyan) currencies, to suggest goods and services, or to manufacture physical coins similar to Casascius to put into circulation (albeit these are rather seen as a gimmick, it may be much more convenient to use mobile phone clients nowadays for meatspace trading). Even in US and Europe where it’s most popular, Bitcoin is still in its infancy and this process is only just happening.

If you happen to find Bitcoin inadequate to build a local economy upon, because you can’t mine enough or you’d have to invest too much to buy some, you may take a look at different concepts like Ripple et al. These concepts build upon trust relationships however, you’ll lose some of the features like the global scope and the (relative) anonymity/pseudonymity that Bitcoin offers. Money is a implement to transfer value after all. There are presently no known implements or technologies that can solve all problems at once if you don’t want a currency that is enforced by an authority.

How can I switch BTC into normal cash? Bitcoin Stack Exchange

Без кейворда

Get via App Store Read this post in our app!

How can I switch BTC into normal cash?

Can you eventually hold the bitcoins in your forearm, like real cash dollars or euros or something? If so, how?

I’ve went about all the service previews and introduction movies (actually, a movie), and didn’t see anything about this particular point.

I don’t have a credit card, and I’m in a country where banking services aren’t so profound and people don’t use credit cards (Libya). Does a Bitcoin account rely on having a credit card, and will the coins you gather be added to your bank account?

11 Answers

Bitcoins are a purely electronic currency. If you want to sell them in exchange for dollars or euros, you can do that. But as Bitcoins, they exist purely electronically. There are physical Bitcoins but basically, they’re just the key to an electronic account printed in some form.

I think you’re missing the concept that Bitcoins act like a currency or commodity. You can have ten Bitcoins just like you can have ten ounces of gold. The key difference is that the Bitcoins exist electronically rather than phyiscally. If you have Bitcoins and want dollars, you have to find someone who has dollars and wants Bitcoins, then you exchange with them.

Bitcoins are not a payment or fund transfer system for national currencies like PayPal and Western Union are. Bitrcoins are a currency that has an efficient built-in transfer system.

Bitcoin doesn’t need a bank account – your bitcoin wallet is your bank account, and you don’t need any permission or paperwork to commence using bitcoin.

For example, using localbitcoins.com to switch cash to bitcoins and vice versa, you don’t need any kind of bank account at all.

What you are looking for is likely a person-to-person exchange where you provide bitcoins and in exchange you get EURO currency.

While there is some of this happening in various places, it is not found everywhere. There are no buyers or sellers listing Libya, . yet:

  • https://localbitcoins.com/country/ly Suggesting to exchange bitcoins to cash and vice-versa can be an income-generating activity, however in many areas doing so requires licensing.

But where there’s a will there’s a way.

In the meantime, here’s a list of various methods:

I didn’t fairly understand the other parts of your question. Bitcoin don’t rely on having a credit card nor having a bank account. https://www.bitinstant.com/ permit you to fund your exchange account with just cash.

You don’t need a credit card to use Bitcoin, and you don’t need any account anywhere. Just download the open source software from http://www.bitcoin.org

Bitcoin was born out of discontentment with traditional (central) banking, monetary, credit and transaction systems. That’s why there is no central institution or authority behind Bitcoin that can administer you. How much one bitcoin is worth is entirely determined by free market dynamics within the community. That’s possible because the supply of bitcoins is held artificially scarce.

It’s a currency from the people for the people. If you and your community want to build an economy upon it, you all can get some GPUs or FPGAs and commence mining. It will be entirely up to initiatives in your community to build services that exchange to and from traditional (Libyan) currencies, to suggest goods and services, or to manufacture physical coins similar to Casascius to put into circulation (albeit these are rather seen as a gimmick, it may be much more convenient to use mobile phone clients nowadays for meatspace trading). Even in US and Europe where it’s most popular, Bitcoin is still in its infancy and this process is only just happening.

If you happen to find Bitcoin inadequate to build a local economy upon, because you can’t mine enough or you’d have to invest too much to buy some, you may take a look at different concepts like Ripple et al. These concepts build upon trust relationships however, you’ll lose some of the features like the global scope and the (relative) anonymity/pseudonymity that Bitcoin offers. Money is a implement to transfer value after all. There are presently no known devices or technologies that can solve all problems at once if you don’t want a currency that is enforced by an authority.

How can I switch BTC into normal cash? Bitcoin Stack Exchange

Без кейворда

Get via App Store Read this post in our app!

How can I switch BTC into normal cash?

Can you eventually hold the bitcoins in your mitt, like real cash dollars or euros or something? If so, how?

I’ve went about all the service previews and introduction movies (actually, a movie), and didn’t see anything about this particular point.

I don’t have a credit card, and I’m in a country where banking services aren’t so profound and people don’t use credit cards (Libya). Does a Bitcoin account rely on having a credit card, and will the coins you gather be added to your bank account?

11 Answers

Bitcoins are a purely electronic currency. If you want to sell them in exchange for dollars or euros, you can do that. But as Bitcoins, they exist purely electronically. There are physical Bitcoins but basically, they’re just the key to an electronic account printed in some form.

I think you’re missing the concept that Bitcoins act like a currency or commodity. You can have ten Bitcoins just like you can have ten ounces of gold. The key difference is that the Bitcoins exist electronically rather than phyiscally. If you have Bitcoins and want dollars, you have to find someone who has dollars and wants Bitcoins, then you exchange with them.

Bitcoins are not a payment or fund transfer system for national currencies like PayPal and Western Union are. Bitrcoins are a currency that has an efficient built-in transfer system.

Bitcoin doesn’t need a bank account – your bitcoin wallet is your bank account, and you don’t need any permission or paperwork to begin using bitcoin.

For example, using localbitcoins.com to switch cash to bitcoins and vice versa, you don’t need any kind of bank account at all.

What you are looking for is likely a person-to-person exchange where you provide bitcoins and in exchange you get EURO currency.

While there is some of this happening in various places, it is not found everywhere. There are no buyers or sellers listing Libya, . yet:

  • https://localbitcoins.com/country/ly Suggesting to exchange bitcoins to cash and vice-versa can be an income-generating activity, tho’ in many areas doing so requires licensing.

But where there’s a will there’s a way.

In the meantime, here’s a list of various methods:

I didn’t fairly understand the other parts of your question. Bitcoin don’t rely on having a credit card nor having a bank account. https://www.bitinstant.com/ permit you to fund your exchange account with just cash.

You don’t need a credit card to use Bitcoin, and you don’t need any account anywhere. Just download the open source software from http://www.bitcoin.org

Bitcoin was born out of discontentment with traditional (central) banking, monetary, credit and transaction systems. That’s why there is no central institution or authority behind Bitcoin that can administer you. How much one bitcoin is worth is entirely determined by free market dynamics within the community. That’s possible because the supply of bitcoins is held artificially scarce.

It’s a currency from the people for the people. If you and your community want to build an economy upon it, you all can get some GPUs or FPGAs and commence mining. It will be entirely up to initiatives in your community to build services that exchange to and from traditional (Libyan) currencies, to suggest goods and services, or to manufacture physical coins similar to Casascius to put into circulation (albeit these are rather seen as a gimmick, it may be much more convenient to use mobile phone clients nowadays for meatspace trading). Even in US and Europe where it’s most popular, Bitcoin is still in its infancy and this process is only just happening.

If you happen to find Bitcoin inadequate to build a local economy upon, because you can’t mine enough or you’d have to invest too much to buy some, you may take a look at different concepts like Ripple et al. These concepts build upon trust relationships however, you’ll lose some of the features like the global scope and the (relative) anonymity/pseudonymity that Bitcoin offers. Money is a contraption to transfer value after all. There are presently no known instruments or technologies that can solve all problems at once if you don’t want a currency that is enforced by an authority.

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