How To Get Cash From Bitcoin

2021年11月30日
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In order to receive Bitcoin Cash you will need a wallet to send it to. Download our highly rated Bitcoin Wallet app for your phone or computer to get started today. Learn more about our wallet → Step 2. On the web, log in to your account and then head to the “Sells” page. Enter the amount of money you want to remove, the Wallet you’re taking it from, and the account you’re sending it to.
*Can You Sell Bitcoins For Cash
*How To Turn Bitcoin Into Cash
*How To Cash In Bitcoin
*How To Get Cash From Bitcoin Wallet
*How To Get Cash From Btc Atm
As a crypto investor, you most probably have invested in Bitcoin already. Well, for most investors, buying and selling crypto is the order of the day. If your focus is mostly on BTC rather than other cryptocurrencies such as Ethereum, Ripple, or Bitcoin Cash, then it is worth it for you to know how to get cash from a Bitcoin wallet.
For those who are used to only selling Bitcoin in one way like selling the coins on an exchange platform, it is now time to learn more about other options for how to get cash from a Bitcoin wallet.Selling BTC on an Exchange PlatformCan You Sell Bitcoins For Cash
This is the most usual way for many people since it hardly disappoints. These are third-party platforms with many crypto traders willing to buy your Bitcoin. So, as soon as you show interest in selling, a willing buyer will step up to buy it.
Next, the Bitcoin is transferred from your wallet and held by the platform in readiness for sale. According to crypto experts, this is the first step for how to get cash from a Bitcoin wallet.
When a buyer is found, which usually takes a short time with a reputable exchange, cash will be transferred into your bank account immediately. If you visit the website that has this option, you will have an easy time converting BTC into cash.Sell Using a Bitcoin ATM
Well, Bitcoin ATMs are now everywhere, and they provide an easy method for how to get cash from a Bitcoin wallet. All you need to do is make sure that you have your BTC ready in a working wallet. The ATMs are self-service machines where you sell Bitcoin from your wallet instantly.
These machines are located in many parts of busy cities and hubs today. In addition to getting cash instantly through the sale of Bitcoin, they now have other services such as trading other digital coins.Selling BTC Through P2P Platforms
As the crypto world gets bigger and busier, P2P platforms are also becoming more effective. These platforms, just like exchange platforms, connect crypto buyers and sellers. However, they do not provide exchange services, so a buyer and a seller will make arrangements for how they will trade.
If your concern is how to get cash from a Bitcoin wallet through a P2P platform, all you need is to look for a buyer, and then you will send BTC from your digital wallet to theirs. As soon as you do this, they will transfer cash into your account or send a mobile payment.Selling BTC to a Friend
The last option for how to get cash from a Bitcoin wallet is by selling directly to someone you know. If you are a crypto investor, you probably know a few people with similar interests. If they are interested in buying your BTC, then you can transfer the coins from your Bitcoin wallet to theirs. Then, they will give you the cash instantly.
These options for how to get cash from a Bitcoin wallet are simple but helpful. Take all the necessary precautions when trading to avoid losing your coins to many cons who are always hovering around the crypto world. All the best.
*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: Casino room no deposit bonus 2019.
*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:Convert Bitcoin To Cash ServicesUSPsCoinbase[10$ Bonus on 100$ above transaction]CEXAll Countries & almost all fiat pairs supported including South Africa & NigeriaPaxfulTo sell BTC in-person & receive cash in any fiat currencyCoinmamaBititEuropean Countries & almost all fiat pairs supportedWazirX(India Only)Convert BTC to INR
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.How To Turn Bitcoin Into Cash
But just after writing this, I realized that not everyone would be able to find Bitcoin ATMs nearby.How To Cash In Bitcoin
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.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 To Get Cash From Bitcoin Wallet
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.
ContentsHow To Get Cash From Btc Atm
*Bitcoin To Cash: How & Where To Convert Bitcoin Into Cash USD, EUR, GBP
*Conclusion: How To Convert Bitcoins to cash
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