Best Way To Change Bitcoin To Cash
Are you Bitcoin or any Altcoin holder?
And looking for ways and methods to convert your crypto to fiat money, or, you just one of crypto enthusiastic whose intention to know more about cryptos and how to convert crypto to cash.
If you’re one of those, then you can find some easy and best ways to convert your crypto to cash in this post.
Why buy bitcoins with cash? It's private and usually quick. One of the easiest ways to. USD to BTC converter is the best way to exchange dollars to bitcoin. The interface of the service is user-friendly and easy-to-use. The main advantages of the converter are the absence of fees, safe transactions, and reliable online wallet. Register right now and get benefits. Digital Currencies and Fiats. Several well-known exchange companies can convert your Bitcoin in. Since it made a comeback, this method of exchanging Bitcoin has been a favorite for a lot of traders. It is simple, and all that you need to do is load your coins on your card. After that, the card can be used the same way as Visa. It allows paying for goods and services, withdrawing money from ATMs, and everything else that a regular card allows.
Ok, let’s dive into it…
1. Through Cryptocurrency Exchanges.
Through Cryptocurrency Exchanges you can convert your cryptocurrency to cash very easy.
Now, almost all crypto exchanges can convert Bitcoin to famous fiat options like USD, EUR, GBP.
But most exchanges cannot able to convert crypto to Rupee, Dinar, Ruble or any other fiat currencies because they have only limited options to cash out crypto. However, you can find out any local exchange on that particular fiat option to cash out your crypto.
Also, most
They only have options like Bitcoin, Ethereum and Ripple sometimes only Bitcoin.
If you’re the holder of any altcoins or tokens other than they offer, then you have to find other ways to cash out your crypto.
But don’t worry below is the list of exchanges can help you to convert most of the coin to cash.
- Coinbase.
- Bitfinex.
- bitFlyer.
- Bitstamp.
- BitMex.
- Kraken.
- Livecoin.
Using these crypto exchanges, you can easily convert your cryptos to cash.
But, the main drawback is they do
If you’re one of those who
2. P2P Exchanges.
P2P exchanges mean Peer-To-Peer exchanges, these kinds of exchanges do
That means there is no central authority to control crypto transactions.
Thing is. I call them as Person-To-Person exchanges because if you have crypto or looking to buy one then, you can directly contact buyer or sellers through these P2P platforms.
A good thing about these exchanges is you can use your crypto to send as shopping gift cards or use them as donations and much more.
Ok, let’s look at some P2P exchanges by detail because there is only a handful of them.
a. LocalBitcoins.
LocalBitcoins is one of the popular and best-known P2P exchange.
It is based out of Helsinki, Finland, and operates since 2012.
It’s a semi-anonymous service that focuses on simplicity and privacy, offering in-person, local exchanges of crypto assets and online transfers backed by on-site escrow.
The good thing about them is they display the number of transactions, feedback scores and response times for every user, for safer decisions.
They have buyers and sellers from more than 15,000 cities across 248 countries!.
This platform uses Bitcoin as its base currency and focuses on fiat transactions but supports Litecoin, Ethereum, Dash, Monero, and Ripple exchanges.
If you want to convert altcoins to fiat, then you must first sell them for bitcoins, then sell the bitcoins for fiat.
Also, they have wide payment options like PayPal or SEPA or direct bank deposits for converting Bitcoins into cash (USD, EUR, INR, JPY, CNY, AUD, Dinar etc) remember all these payment options depend upon buyers and sellers.
But One Thing Is… Make sure about buyer or seller had a good reputation, higher reputation means a trustworthy buyer or seller.
If you’re interested in LocalBitcoins to make your first P2P transaction then check out their Website.
b. Paxful.
Paxful is another P2P crypto exchange, but this exchange is not as popular as LocalBitcoins.
But this exchange has more than 300 ways to convert your crypto funds!.
That includes some popular ways like Direct Bank transfer, Through Amazon Gift card, or Western Union etc.
This exchange also uses Bitcoin as the
Also, know that if you want to convert altcoins to fiat, then you must convert them to bitcoins first.
At the time of writing, this exchange satisfied more than 55,000 customers with more than 1,000 offers!.
If you want to get your first P2P experience with Paxful then check out their Website.
c. BitQuick.
It is a P2P exchange that uses only Bitcoins to convert fiat.
And it is potentially slower exchange than the other direct sale sites because of the manual purchase verification process, which takes around three hours on average.
With the help of this exchange, you’re able to convert your Bitcoin to fiat only in 3 ways.
The first way is, a simple cash deposit to a bank, another is cash deposit to a CO-OP credit union, last way is by using Western Union or Moneygram transfer.
BitQuick served more than 88,000 customers and transacted more than 55,000 Bitcoins.
If you want to use their service to convert your Bitcoins then check out their Website.
d. HODL HODL.
With this P2P exchange, you’re able to convert your crypto funds directly through your crypto wallet without any middlemen involved.
This exchange doesn’t hold user funds instead of locking it in multisig escrow which minimizes the possibilities of cryptocurrency theft and reduces trading time.
If you’re not able to understand how this exchange work then checks out below video by them with a real-world example.
Now you have understood the concept of HODL HODL exchange.
If you’re interested in HODL HODL then you can check out their Website.
Ok, above are some best P2P crypto exchanges those can convert your crypto to fiat easily.
Let’s move on to the next simple way to convert your crypto.
3. Through Cryptocurrency ATMs.
Do you know there are over 1,600 Bitcoin ATMs available in the US alone!.
More than 3,000 cryptocurrency ATM working worldwide.
Yes, these crypto ATMs not only spreading cryptocurrency awareness to the
With crypto ATMs, you can convert your crypto to fiat easily and the majority of ATMs are only supporting Bitcoins but some ATMs are supporting over 50 cryptocurrencies to make transactions.
These ATMs can work with both hardware and software wallets, and another good thing about them is you can use them to send or receive payments from other countries by using public crypto wallet addresses.
Now, look around in your city for crypto ATM if you fund one that’s good and make your first crypto ATM transaction.
If you did not find anyone yet then, this Website may helpful for you to find one.
4. Through Cryptocurrency Debit Cards.
Now you can use crypto debit cards to make any fiat transactions worldwide.
Yes, there are many crypto service providers provides a crypto debit card and those cards tied to your crypto holdings to help you to spend your crypto easily.
For example, crypto exchange Coinbase has a Visa Bitcoin debit card, which
Crypto debit cards are very convenient because you can use them in Stores, To watch movies or you can use them in crypto ATMs etc.
Here is the list of Top Crypto Debit Cards.
Conclusion.
Above are the easiest ways to convert your cryptocurrency to cash but that doesn’t mean these are the only way you can convert your crypto.
Also, you can use digital fiat currency like USDT (Tether) by using this digital fiat money you can avoid tax liabilities for some time.
These digital fiat currencies are helpful when your massive trader in the
If your intention to hold crypto for a long time then, do not worry about any digital fiat currencies.
With digital fiat money, you can convert your crypto to digital fiat money (like USDT), very easily with low transaction fees also you can store them in your crypto wallet.
When you need crypto to trade then, you can able to convert your digital fiat holding to crypto easily.
Also, digital fiat money reduces your headache of always transferring in fiat currencies to exchanges to buy cryptocurrencies because digital fiat money can be used to buy cryptos later if you want.
Note digital fiat money price does not fluctuate like cryptocurrencies, for example, USDT always maintaining its value of $1.
And another easy way to convert crypto to cash is by selling your crypto to any Friends or Family member.
But make sure that the person is trustworthy to trade because crypto transactions are not reversible.
If you have any suggestions or any points to add then feel free to mention those in comments.
If you found this article informative, please share it with your friends and family who want to know about converting cryptocurrencies into cash.
There is a rise in the popularity of various cryptocurrencies over the past few years, especially Bitcoin, who managed to reach the price of around 20,000 dollars in one period. Trading on the crypto market could lead to some great benefits if you do good research and follow the oscillation of its value on the market.
Bitcoin and other crypto are accepted by many countries, companies, and dealers all around the world, which makes it seem like a proper virtual asset to invest in. You can earn a lot when you buy Bitcoin in time when his value is going down, and wait for it to rise again. There are many financial experts in virtual currencies, like BitcoinBillionaire, where you can learn all the ways how to properly invest in Bitcoin, and what are the ways for earning from that.
Furthermore, since most countries accept Bitcoin as a regular way of payment, we have many ways to convert crypto into other currencies. Here are the four best and easiest ways for converting Bitcoin into cash.
1. Digital Currencies and Fiats
Several well-known exchange companies can convert your Bitcoin in fiats like Euro, Dollars, or some other currency from the countries that have implemented this system. For example, if you are interested in selling Bitcoin for Japanese Jen then you should use the BitFlyer exchange, while for Dollar and Euro, there are Coinbase and CoinMama as the most suitable ones.
If you are not in a rush for money, or you would like to avoid some taxes in your country, which can be big in case that you are converting some great amount of Bitcoin, you should use the USDT method instead. This type of digital fiat is paired with the value of the dollar, so you won`t have to worry about its stability. Moreover, this type of digital currency is accepted by more exchanges than regular fiat. Some of the most popular ones are Wazirx, Binance, KuCoin, and Bitfinex.
2. Cash-Out with ATM
We can see the rise of ATMs all around the world, and most of them are now capable of converting Bitcoin and some other cryptocurrencies like Litecoin, Ethereum, Bitcoin Cash, and many more. The process is simple, and all you need is to have your e-wallet, which is crucial while buying some crypto in the first place.
The great advantage is that you can choose between currencies, and even exchange your Bitcoin for your local currency. There are currently more than 5000 ATMs around the world, with support for this virtual money. Also, there are some apps, like Coin Radar, who can show you where is the nearest crypto ATM.
Also, you should pay attention, since there are various types of these machines, and different limits, which means that you won`t be able to cash-out some greater amounts of money at once. Another important thing that you must be aware of, is that ATMs usually charge you much more than online converting options, with the fees that are around 10 percent, while online exchanges are taking only around 1 percent on average.
3. Online Exchanges
Converting Bitcoin through some online cryptocurrency exchange service represents the most convenient method. You can choose the currency for conversion, and the most popular options are the US dollar, EURO, GBP, Japanese Yen, and many more. However, you should check the list of these exchanges that are available in your country.
In the United States, the main options for crypto exchange are Coinbase, Kraken, Gemini, and Bitstamp. For the United Kingdom, you should choose CEX or Coinbase. In China, the best online exchanges are Huobi and OK COin. Also, Luno is a very popular exchange in Malaysia, South Africa, and Singapore.
The process of converting your Bitcoin in some regular currency is simple, and all you need to do is to sign up and pass the verification process. After that, you will have to deposit your Bitcoin funds on your account. You can choose to cash out in various ways, like PayPal or bank account.
We also have to mention that in some situations you will have to wait up to 5 days for the transfer, depending on your country and its financial platform for this kind of money conversions. On the other side, there are still many countries that don`t support trading with cryptocurrencies, and you should be aware of that if you are from some of these countries.
4. Local Bitcoins
LocalBitcoins represents a platform that connects people who are willing to buy or sell their Bitcoin. This service has almost 1.5 million users from all around the world, and they are available in most countries. The advantage of this platform is that you are going to deal directly with the buyer, with additional escrow service for improved security.
Another benefit of using this service for cashing out your Bitcoin is that you are deciding about the price and the method of payment. There are several methods, such as Payoneer, PayPal, Western Union, bank transfer, or a gift voucher.
This platform is simple for use, and you will need to create an account, verify your identity, which is especially important. After your registration is finished, you will need to select the chart Quick Sell and provide some data like your country and payment method. LocalBitcoins has a built-in system that will recommend you some potential buyers according to your location.
How To Exchange Bitcoin For Cash
Several measures improve security, and you can always check some data about the buyer, like his status and ratings. When you choose a suitable buyer, you will have to go through the process of selling by confirming the amount of Bitcoin and providing the buyer with the correct payment details that you choose.
Bitcoin How To Cash Out
When the buyer accepts your price, the next step is to send the correct amount of Bitcoin to the escrow and wait until the buyer pays you. Also, another great advantage is that this service is free, while you will only have to pay 1 percent of your trading if you are going to promote your ad.