Cashing Out Bitcoin: Know What to Do

by | Nov 27, 2019 | Technology Featured

Now that you have earned your millions, you want to know how to convert your bitcoins to cash. In this guide, we shall help you learn the steps.

There are various methods to convert bitcoins to cash. This includes using a bitcoin ATM, through an online service, using a debit card and others. Your choice of method depends on various factors. For example, how long you can wait to get the cash, whether the method is easy, etc. Before you try out any of the mentioned methods, you need to consider these important points. Without wasting any more time, let’s look into the details of bitcoin cash.

How to convert bitcoin into cash?

We have covered some of the most common and easy ways of converting bitcoin into cash. These methods can be followed even by people who are doing it for the first time. Here you go with the details.

  1. Using a bitcoin debit card

If you are looking for an affordable way of converting your bitcoins into cash then this could be the best option for you. This is a convenient and easy method to use. With the help of these cards, you can deposit your bitcoins via an online website that converts them into fiat currency. By fiat currency, we mean the euro or the US dollar.

There are many cryptocurrency debit card issuers out there. Some of the most popular ones include Bitpay, Monaco, and BCCPay. Every cryptocurrency debit card is powered by Mastercard or VISA. This means you can use them even for shopping. However, the usage limit may vary from so make sure that you find the right card for yourself.

  1. Converting it via an online website

Many websites allow you to buy and convert bitcoins. You just have to look for a reliable option and proceed with it.

Two of the most popular services are CoinJar and CoinBase. Both of these websites allow you to buy and sell bitcoins and other cryptocurrencies. The main advantage of using these sites is that they allow you to link your bank account to pay for your cryptocurrencies. You can even use the connection to sell and convert the cryptocurrencies.

  1. Using a bitcoin ATM

Today, bitcoin ATMs are made available in almost all the major cities in the world. This has made it easier for people to cash out their bitcoins anytime they want. This is one of the fastest ways of converting your bitcoins and other cryptocurrencies.

You can deposit money in the ATM and buy bitcoins. Most of these ATMs are designed to support a variety of cryptocurrencies like Ethereum and litecoin. However, you should know that the fees on the transactions are high. It is higher than what you would pay on an online service.

Converting bitcoins to cash is easy if you know the right way to do so. You can also convert bitcoin cash to bitcoin if you want or, you can make a Bitcoin Bitcoin cash conversion as well. You have both the options available to you.

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