I would like to know, the best way to cash out into Malaysian banks

Which exchange to recommend?

Come guys, list me an exchange which is good. I alreadly know Mt Gox is useless. Cause is higher than average.

1st time trying to cash out bitcoin. That is why I am asking around

This post has been edited by Ramjade: Jan 14 2014, 08:05 PM

How does it compare to bitfinex? Cause I see that we are getting less money worth if we use bitx.co

Yup. Exchange rate look more favourable than bitx.co However you will have to wire the money back to malaysia. I am using blockchain.info for wallet. All my bitcoin related stuff do not incur any expenses (I dont pay for bitcoins)

This post has been edited by Ramjade: Jun 7 2016, 12:20 PM

Check out the exchange rate + fees. Bitfinex is cheaper. But I not very sure how does it stack up when we compare both of them (which one is more value for money)

This post has been edited by Ramjade: Jun 7 2016, 12:23 PM

1% vs 0.1%. That's very high fees. Are you the owner of bitx.co?

Any affiliate with them?

Bitx.co

Yes. You run a software which attempt to solve some mathematics formula. If successful, you will get some bitcoins. Bitcoins can be used to exchange for cash, buy software license, simply use for forex trading. Is just digital currency not controlled by any government. Goverment can simply print money when needed. However bitcoin have limit. Once that limit is reach, there wil be no more bitcoin in production.

Just a digital currency not controlled by any government (the price is fully dependent on market demand), untrackable (no paper trail) if you know how to use it. For those corporate environment, if they got infected with ransomware which will encrypt up all their files + documents, they can get it back by paying the ransom in bitcoins.

This post has been edited by Ramjade: Jun 21 2016, 01:07 PM

It can be transferred to anyone in the world. All you need is the specific wallet address. Your wallet > friend's wallet > local/international bitcoin exchange > wire the money or just transfer to local account if there's a local bitcoin exchange around. Hope it's clear.

Not really. The wallets are subject to the RMB/XTC (bitcoin) exchange rate
That only works if there is a bitcoin machine in Malaysia (which we don't have yet). You can ask for wire to your bank account in Malaysia (it will get converted by whatever bank you choose). Alternatively, you can use
https://www.bitx.co/
However if you compare the rates of international exchange vs bitx.co, the international exchange offers lower exchange for XTC/USD.
Eg


As you can see, by using bitx.co, you stand to lose out alot despite it's convenient (can directly withdraw from Malaysia banks). The above eg was checked few seconds apart.

However, I have yet to transfer any real money as my BTC values are just USD3 (not worth transferring). I will be a customer to whoever give me best rates for my BTC.

The wallet I recommend is blockchain.info

This post has been edited by Ramjade: Jun 30 2016, 05:23 PM

Should be trustable as so many malaysians use it. However their price is not nice. Check the eg I gave above.

For those who want to sell/buy bitcoins in Malaysia

Buying bitcoin from Malaysia.
https://wirexapp.com/buy-bitcoins/malaysia/...k-transfer.html

Selling bitcoins in Malaysia
https://wirexapp.com/send-money/malaysia/desktop.html

It's not the best rate/exchange but it's the easiest for Malaysians.