Selling my mined bitcoin

[DotzHyper]

So since I'm under 18, I haven't been able to find a service that lets me trade or even take my nicehash wallet funds and sell for cash. I am left with one option: find local buyers and send it to their wallet for upfront cash. How can I find these people and make sure they aren't scamming? What are some red flags for these traders? How would the process go to ensure I don't get scammed?

[AnonymousGuy]

Isn't this what crypto ATM's do?  You get a wallet address and the machine waits for network confirmation of the transfer before dispensing funds?

[DotzHyper]

Just now, AnonymousGuy said:

Isn't this what crypto ATM's do?  You get a wallet address and the machine waits for network confirmation of the transfer before dispensing funds?

I have no clue what crypto atms are but I see theres one at the gas station next to my house. I can use my nicehash wallet to put in the atm and then get straight cash?

[SansVarnic]

@DotzHyper I suggest you wait until you reach the proper age then sel it? you're better off selling on the long then selling on the short. Time + investment = greater return.

 

Also going through an exchange would the best, safest approach.

[DotzHyper]

Just now, SansVarnic said:

@DotzHyper I suggest you wait until you reach the proper age then sel it? you're better off selling on the long then selling on the short. Time + investment = greater return.

Yeah that was kind of my last case scenario but obviously as a teen I want money now lol. If nothing works, I will be doing that, though.

[AnonymousGuy]

6 minutes ago, DotzHyper said:

I have no clue what crypto atms are but I see theres one at the gas station next to my house. I can use my nicehash wallet to put in the atm and then get straight cash?

It's worth a shot if it supports selling crypto (meaning it will dispense cash).  Not all of them do and in any case you're probably eating a 10% loss or some shit on the "convenience".  Let us know how it goes.

 

https://www.youtube.com/watch?v=16bE5GrNPjg

 

{disclaimer I've never had to use one of these things since I just coinbase shit into my checking account}

[SansVarnic]

1 minute ago, DotzHyper said:

Yeah that was kind of my last case scenario but obviously as a teen I want money now lol. If nothing works, I will be doing that, though.

Having once been a teen, I will tell you. Be smarter. Obviously, you do realize this but when you get to be in your twenties, and you need serious money... car, wedding, or house that coin will be your greatest asset.

 

Choose the smart path.

[DotzHyper]

2 minutes ago, AnonymousGuy said:

It's worth a shot if it supports selling crypto (meaning it will dispense cash).  Not all of them do and in any case you're probably eating a 10% loss or some shit on the "convenience".  Let us know how it goes.

 

https://www.youtube.com/watch?v=16bE5GrNPjg

 

{disclaimer I've never had to use one of these things since I just coinbase shit into my checking account}

This might just work, but I already have the coin, I don't see how the atm can take my coin from nicehash and thennn sell it

[Spotty]

Since you're under the age of 18 can you have your parents sell it for you?

[Helpful Tech Witch]

6 minutes ago, Spotty said:

Since you're under the age of 18 can you have your parents sell it for you?

i was going to say this.

not endorsing it, but......

you can use services that dont require drivers license or id to sign up.

[EduarDoc]

On 5/12/2021 at 8:38 PM, DotzHyper said:

Yeah that was kind of my last case scenario but obviously as a teen I want money now lol. If nothing works, I will be doing that, though.

You'll be set for the 'recreational college activities' tho  ... just saying