Silk Road forums

Market => Product offers => Topic started by: TreyWingo104 on May 10, 2012, 08:23 am

Title: Cashing out....Helpful new info w/Link
Post by: TreyWingo104 on May 10, 2012, 08:23 am
Not trying to blow up the boards here but I want vendors especially to see this as it could be immensely helpful to them in cashing out, without paying someone 20 or even 30 percent of their earnings.  its also posted up  in the tech support board.   

Forbes article on how to get bitcoins transferred to cash directly to an ATM/Credit/Debit cards...At least One method in the article below does not
require you to verify identity.  the transaction will cost as low as $9.00 and 2 percent of the transfer.  So if you have 500 dollars in BTC (around 100 BTC) and transferred to whatever card....it would cost you only $19.00.  Beats the hell out of most other methods AFAIK.
Please leave your thoughts and comments on this vs. other methods, I wanna hear what people think!

cLEArWeb
http://www.forbes.com/sites/jonmatonis/2012/05/07/bitcoin-funded-debit-cards/
Title: Re: Cashing out....Helpful new info w/Link
Post by: punkhippy on May 10, 2012, 08:31 am
I think it's cool as hell. But isn't there any way to get dollar for dollar when changing bitcoin into cash?
Title: Re: Cashing out....Helpful new info w/Link
Post by: TreyWingo104 on May 10, 2012, 08:40 am
I think it's cool as hell. But isn't there any way to get dollar for dollar when changing bitcoin into cash?

Glad you enjoyed.....No way to get to dollar for dollar currently, unless you know a broker who is willing to buy your coin for above the current  value....That's always a possibility.  They're similar to stocks in that

1)their trade rate fluctuates
2)trades or echanges that go through Gox or INTSGO will cost at least a few bucks for the service charge.