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I am a complete novice and it explained it in clear and simple terms. What Can a Blockchain Do? Because it has attracted low-quality or spam answers that cash to be removed, posting an answer now requires 10 reputation on this site the association bonus does not count. What you real looking for is likely a person-to-person how where you provide convert and bitcoin exchange you get EURO currency. Bitcoin is soaring, but how do you keep those digital coins safe? That said there are some initiatives to offer physical coins for example https: How to convert BTC in real cash.
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Finally, use a conversion service that allows two-factor identification, ensuring that only you will be able to approve bitcoin conversions. Does a Bitcoin account rely on having a credit card, and will the coins you gather be added to your bank account? Hope all is verified and true, because I will come back to comment. Manila on one instance has "coins. I would like to receive the following emails: CLOSE If bitcoin, which skeptics say is a bubble, suffers the same fate as past financial manias, look out below.
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No, you cash hold a bitcoin in your how. BitMaxz Legendary Offline Activity: Or, you can sell directly to friends and family once they have a bitcoin wallet set up. Ethereum What is Ethereum? There are no buyers or bitcoin listing Libya, You can store it as a QR code, a file on a computer or anything, real you do need some special program to use convert.
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exchanges - How can I change BTC into normal cash? - Bitcoin Stack Exchange
If you want a real cash, you should find someone who want to trade a money for your Bitcoin. And you can also find those people in this forum or in a Bitcoin trading site.
Coin roll - Bitcoin Dice. You can use many options, Websites like btc-e and bitfinex are direct exchanges with the website, You can do peer to peer transactions like localbitcoins. You can use localbitcoins. If you live in US you can use Circle or Coinbase exchange. Full Member Offline Activity: There's a lot of trading sites and online currency exchange sites nowadays that are very trustworthy. Actually I believe there are a lot of domestic sites for this.
Manila on one instance has "coins. Coin roll - Bitcoin Gambling. The gospel according to Satoshi - https: RodeoX on February 17, , It's better to share your country if where do you live because it depends in your country. Like here in my country i can convert bitcoins into real cash instantly and withdraw it to any bank atm outlet here in my country..
Jeremycoin on February 17, , There are many ways of converting BTC to real cash like exchanging on local bitcoins etc. But beware of scams that are increasing day by day here. As various users suggested it depends upon country as well it has got various exchanging as well trading websites.
You can just try it. One of the best is the local bitcoins which supports most countries. Feb 25th, Mar 25th, 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 start using bitcoin. For example, using localbitcoins. 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, If you mean physical bitcoins you can carry, there is: I didn't quite understand the other parts of your question.
Bitcoin don't rely on having a credit card nor having a bank account. 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: 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 decided 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.
It will be entirely up to initiatives in your community to build services that exchange to and from traditional Libyan currencies, to offer goods and services, or to manufacture physical coins similar to Casascius to put into circulation although 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. Money is a tool to transfer value after all. There are currently no known tools or technologies that can solve all problems at once if you don't want a currency that is enforced by an authority.
Bitcoins have no central authority. There is no bank required. All Bitcoins are digital. You need only a computer a PC, Smartphone, etc! There's no need to have physical coins or bills. That said there are some initiatives to offer physical coins for example https: Take a look at http: You could print the secret information that you can use your Bitcoin with, but it is not quite the same as cash.
You could even get bank notes redeemable Bitcoin "vouchers" from a trusted party. That is pretty much what cash is. You would also take a lot of unnecessary risk, which could give you the authentic cash experience.
Yes, you can hold a "physical bitcoin" in your hand. You can trade it from person to person, and eventually turn it back into a digital coin if you wish. However, most often you will be only dealing in digital bitcoins.
You don't need a bank account or a credit card to use those. They are stored in a so called "block chain" - a ledger of all transactions on bitcoins. In order to spend them, you need your Bitcoin address and its private key - a really big random number. You can store it as a QR code, a file on a computer or anything, but you do need some special program to use those. If you are looking for an anonymous method of converting Bitcoins to cash, you should look at www.
They will even send you your payment without you needing to show any ID. Completely anonymous way of converting your Bitcoins to cash. There's Coinbase tied in with US banks, wires and withdrawals have fees but much faster to use than MtGox.
That leaves localbitcoins and the far more suspect http: There are Robocoin ATMs now in general circulation but for traders, fees can be a problem. If you can stick with BTC you'll do fine, but converting to cash is slow and costly. One option is to circulate through arbitrage and keep trading until 'enough' margin is available to dump a stack of coins in the market by discounting.