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<p>[QUOTE="Prime Mover, post: 2912477, member: 38783"]Depends on what you want to sell for.</p><p><br /></p><p>Yes, the main answer is “the reverse of buying”, go to an exchange and sell the crypto for US and make a transfer to your bank.</p><p><br /></p><p>However, if you want to buy stuff with it, there’s a lot more places these days accepting bitcoin and some others, where you can buy everyday things. This is one recent list (October 2017) of retailers who accept bitcoin (online purchases mostly, but some in store like Subway):</p><p><a href="https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/" rel="nofollow">https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/</a></p><p><br /></p><p>Back to the PM’s tho, places like APMex and others will accept Bitcoin (and some others) to purchase PM’s. The pricing is somewhere between bank wire and credit card, so you’ll pay a little more premium, but it can be done and its a nice way to bring some price stability to your original funds when you decide to cash out. Plus, at least in my view, it’s an asset to asset purchase, so the taxes are delayed until you convert it back to cash. But, that’s the way I look at it, and I might be wrong in the eyes of the IRS, I won’t find out for a while tho.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 2912477, member: 38783"]Depends on what you want to sell for. Yes, the main answer is “the reverse of buying”, go to an exchange and sell the crypto for US and make a transfer to your bank. However, if you want to buy stuff with it, there’s a lot more places these days accepting bitcoin and some others, where you can buy everyday things. This is one recent list (October 2017) of retailers who accept bitcoin (online purchases mostly, but some in store like Subway): [url]https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/[/url] Back to the PM’s tho, places like APMex and others will accept Bitcoin (and some others) to purchase PM’s. The pricing is somewhere between bank wire and credit card, so you’ll pay a little more premium, but it can be done and its a nice way to bring some price stability to your original funds when you decide to cash out. Plus, at least in my view, it’s an asset to asset purchase, so the taxes are delayed until you convert it back to cash. But, that’s the way I look at it, and I might be wrong in the eyes of the IRS, I won’t find out for a while tho.[/QUOTE]
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