Hacker News Reader

I'm new to the concept of Bitcoin and the part I have the hardest time with is how do I get out? If I have Bitcoins and want to turn it back into Canadian money, how does that work? Or does it work at all? Am I locked in? Can I only buy tech items on a couple websites that support it?

View on HN

There are a couple exchanges that will cash out your Bitcoins to another currency-- CoinBase being one of them.

Sometimes you'll need to go through some hoops to verify your identity, and you'll likely end up getting a bank transfer (as opposed to PayPal, etc).

There is also the option of localbitcoins.com to sell to people anonymously (but in person). Or you can use the bitcoin-otc irc channel.

Reply on news.ycombinator.com