How Do I Convert Bitcoin To Cash

So, this is a guide on how you can convert your Bitcoin into cash. Transfer to Bank Account via an Online Service There is a growing number of online services that accept Bitcoin as a form of payment, as well as other cryptocurrencies on their websites. Australians can. If you are looking for an anonymous method of converting Bitcoins to cash, you should look at www.bitcoin-brokers.org because they will buy your Bitcoins from you and send you cash via Moneygram. They will even send you your payment without you needing to show any ID. They do this by attaching a special “question and answer” to the payment.

• Can Bitcoins Be Exchanged For Cash
• Convert Bitcoin To Money
• How Do I Convert My Bitcoin To Cash
• How Do I Convert Bitcoins To Cash Anonymously
• How Do I Convert Bitcoin To Cash In Luno

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.

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 exchanges are not able to convert Altcoins to your desired fiat option.

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.

1. Coinbase.
2. Bitfinex.
3. bitFlyer.
4. Bitstamp.
5. BitMex.
6. Kraken.
7. Livecoin.

Using these crypto exchanges, you can easily convert your cryptos to cash.

But, the main drawback is they do not work globally because the cash system varies from country to country.

If you’re one of those who do not like to trade in crypto exchanges or want to trade globally without any verification procedures enforced by the big exchanges, then I got another best solution for you.

2. P2P Exchanges.

P2P exchanges mean Peer-To-Peer exchanges, these kinds of exchanges do not share any information, data or asset of traders.

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 base currency, but some traders create offers in Litecoin, Ethereum, Monero, Ripple, Dogecoin, Bitcoin Cash, Bitcoin Gold, Digibyte, Dash and other cryptocurrencies.

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 world also they make cashing out cryptos easily.

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 enable you to keep your holding in Bitcoin but you can spend them anywhere that Visa is accepted.

Can Bitcoins Be Exchanged For Cash

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 crypto world.

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.

Convert Bitcoin To Money

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.

• Do you HODL bitcoins?
• Are you looking to cash out your bitcoins?

Well, if these questions resonate with you, then you are in the right place.

I believe some of you want to sell their bitcoins because of one of these reasons:

• You have now lost interest in Bitcoin.
• Or you think you have made enough returns out of your Bitcoin investment.

In any case, you just want to convert your BTC into cash either to realize profits or free up your stuck capital.

However, whatever your reason might be, I understand your stand as one might sometime feel the need for extra capital or would like to realize profits.

That’s why I think it is important to talk about the questions that come up while converting BTC into cash so that you don’t hit a road:

• How to get USD, EUR or GBP for Bitcoin?
• Where to cash out Bitcoin?
• Where to convert Bitcoin into fiat like USD, EUR, GBP, etc?
• How To Withdraw Bitcoins To Cash?

Bitcoin To Cash: How & Where To Convert Bitcoin Into Cash USD, EUR, GBP

So some of the exchanges that allow you to do so are:

These exchanges will help you cover most of Europe, the US, and the UK. Cashing out Bitcoin isn’t easy at it looks but for you we have found out some of the best ways through which you can convert your bitcoins into cash.

But before we get into the specifics of that, you need to decide how do you want your cash?

Do you want it in your bank account or you want the hard cash by meeting someone in person.

Or do you want to have other stuff in exchange for your bitcoins like gift cards or Amazon products from Purse.io?

For now, assuming that you want the cash in your hand or your bank account, let’s get started:

How & Where To Exchange Bitcoin For (or to) Real Cash Money Like US Dollars (USD), Pound Sterling (GBP), Euro (EUR), etc?

#1. Convert Bitcoin Into Cash Through A Fiat Supporting Exchange

It is highly likely that if you don’t have Bitcoin ATMs near you, you will be having fiat accepting Bitcoin exchanges in your country.

Using these exchanges, you can easily convert your bitcoins into cash like USD, EUR, or GBP. Of course, for this, you will be required to find such an exchange that deals in fiat and cryptocurrencies both.

You will also need to complete your KYC on such exchanges before you can exchange BTC to cash because fiat currency laws in most countries want exchanges to adhere to this policy.

Of course, I understand that I have not listed all the countries here but in reality, not all countries have such fiat linked cryptocurrency exchanges.

So for residents of those countries, I will be listing another method through which they can meet Bitcoin buyers/sellers in their country to cash out their bitcoins.

#2. Meet & Trade In-Person To Get Cash Through LocalBitcoins

For those BTC holders who have neither crypto exchanges nor Bitcoin ATMs in their country can exchange BTC for cash through LocalBitcoins.

LocalBitcoins is a peer to peer Bitcoin exchange service based out of Finland. LocalBitcoins is an escrowed service that has garnered quite a bit reputation since 2012 as the most liquid P2P Bitcoin exchange.

On LocalBitcoins you will a no-ground network of Bitcoin buyers and sellers in 16537 cities and 248 countries including your country too.

It gets better:

Through LocalBitcoins, you can meet the buyers and sellers in-person to negotiate and execute a Bitcoin trade. Moreover, when you are cashing out BTC you have a lot many options to receive your cash ( SEPA Transfer, bank deposit, PayPal, Payoneer, cash).

Getting started with LocalBitcoins is also easy as it only takes your email ID to begin with. After which you can explore the simple and intuitive UI of LocalBitcoins to filter out relevant buy/sell deals for yourself.

Note: Be sure to check the reputation of the buyer/seller before you decide to pick up a deal on LocalBitcoins and never release your bitcoins without confirming your payment receipt.

And just when I am completing this, I am realizing that there might be another category of Bitcoiners who would be thinking to cash out Bitcoin to short it and buy back when the price is lower.

For those kinds of Bitcoin users converting Bitcoin into cash might not be the ideal thing and that’s why such types of users prefer converting Bitcoin to USDT like stablecoins.

And hence I am sharing a bonus method just to do the same.

#3. Convert Bitcoin To USDT or Stablecoin like TUSD etc

Anyone who wants to cash Bitcoin and not get into KYC like things can do so by cashing out in fiat digital currencies, i.e., Stablecoins like USDT, TUSD, etc.

Here are some of the popular exchanges that will let your convert BTC to USDT or similar stablecoins:

• Binance: Supported pairs are BTC/USDT, TUSD/BTC
• BitBay: Supported pairs are XMR/BTC
• Huobi: Supported pairs are BTC/USDT
• Gate.io: Supported pairs are BTC/USDT

This method will reduce your headache of dealing with KYC and other banking problems which you might run into when trying to cash out your bitcoins through fiat linked crypto exchanges.

*****4. Bonus: Cashout Bitcoins Through A Bitcoin ATM

One of the easiest ways to convert Bitcoin to cash is through Bitcoin ATMs.

For those of you who don’t know about Bitcoin ATMs, here is a simple explanation of it:

Bitcoin ATMs are much like traditional exchanges from where you can either get cash for Bitcoin, or you can get Bitcoin for cash. This method is usually anonymous and requires you to have a Bitcoin wallet in case you are receiving Bitcoin or selling it.

A Bitcoin ATM asks you to scan its public address, and when you have transferred BTCs to that address, it splits out equivalent fiat.

For this, you first need to make sure that you have a Bitcoin ATM nearby and that you can do it through the Coin ATM Radar service.

Using Coin ATM Radar, you can find out nearby Bitcoin ATMs and check its exchange rates as well as transaction fees. For example, this Bitcoin ATM in Chicoutimi at Place du Royaume has these specs:

• ATM Type: Genesis Coin
• Direction: Fiat ⇄ Crypto
• Fees: Buy 13.0%, Sell 16.9% from BitcoinAverage Fees updated: 12 minutes ago.
• Limits: Buy: $10000/txn, Sell: $2900/txn

So this is how you can get fiat for Bitcoin through a Bitcoin ATM.

But just after writing this, I realized that not everyone would be able to find Bitcoin ATMs nearby.

That’s because there are only a few Bitcoin ATMs around the world as of now and that brings me to my next section which is a much easier way to convert BTC to fiat if you don’t have ATMs nearby you.

How Do I Convert My Bitcoin To Cash

Conclusion: How To Convert Bitcoins to cash

These are some of the best methods that you can use to cash out your bitcoins for fiat currencies like USD, EUR, CNY, or GBP.

How Do I Convert Bitcoins To Cash Anonymously

However, I understand that many countries are still left untouched by the methods I have listed above and to name a few such as Australia, Zimbabwe, Argentina, etc.

For these countries and other left-out countries, TheMoneyMongers plans to bring a comprehensive list of resources using which they will be able to buy/sell Bitcoin in their respective countries.

We intend to start first with first and second world countries such as listed below. After which we will finally make our way for third world countries, who actually need Bitcoin the most.

• The USA
• India
• Europe
• Australia
• China
• Japan

So untill we do so, I want to leave you with answers of few frequently asked questions (FAQs) to help you relax in order to exchange your bitcoins to cash:

Q1) Can You Exchange Bitcoin for US Dollars (USD), Pound Sterling (GBP), Euro (EUR), CAD, etc?

Yes, you can very well exchange Bitcoin for various fiat currencies like USD, GBP, or EUR. There are more fiat currencies to which you can convert according to the country where you are residing.

Q2) How To Convert Bitcoins To Cash Anonymously?

This part is a bit tricky as there aren’t many services that you can use to convert BTC to cash anonymously. But you can definitely try LocalBitcoins with an alias name and identity to meet someone in person to exchange BTC to cash

So that’s all from our side in this round-up and I hope you liked this? If you did !! Do share it with your friends on social media who want to buy or sell Bitcoin !!

Note: Better than selling and cashing out your bitcoins, you can always take Bitcoin loans on your BTC holdings. Here is how you do that !!

Also, If you need some direction, feel free to contact us at @themoneymongers.

How Do I Convert Bitcoin To Cash In Luno

Contents

• Bitcoin To Cash: How & Where To Convert Bitcoin Into Cash USD, EUR, GBP
  • Conclusion: How To Convert Bitcoins to cash