How to convert Bitcoin to Cash: Bitcoins are a hot topic for the past 5 years. People have been purchasing bitcoins, mining them and getting more and more in their pockets. This was a sought of a gamble for people a few years ago in order to earn money.
When bitcoin got a huge bump in its value there were lots of talks about the Bitcoins and more and more people started rushing to get some. Many purchased some, many sold, and many are still thinking.
How to convert Bitcoin to Cash?
In a hurry, those bought the Bitcoins are now looking to get some of them sold, so might be looking forward to converting those bitcoins to cash, the steps for which are as follow:
1. Via Bitcoin ATMs
With the income of the new currency, all over the world where the currency is legal, we can find bitcoin ATMs. It is in the same format as for other currencies where you can go and get your money, but from these ATMs, you don’t get bitcoins in the form of Bitcoins, but it will convert the bitcoins to your local currencies and then will give you the amount.
The catch here is you will be charged a handsome amount in order to convert the same. These ATMs also support other cryptocurrencies such as Litecoin and Ethereum.
2. Via Online services
There are a lot of different online websites that will allow people to purchase bitcoins and even sell them. Not only websites, but there are smartphone applications with which you can sell the bitcoins and even purchase them. One of the best service out in the market for bitcoin transactions all over the world is Coinbase and CoinJar. Both the services have other currency option also such as Ripple, or Bitcoin Cash. Let us look at the steps to do in order to sell via a website or a wallet:
- Open the website / Application and login via your credentials.
- Enter the number of bitcoins you want to sell, make sure you don’t lose all the coins due to some typing mistake.
- Select your wallet if you are using a website, or continue to the next step.
- Now enter the details of your bank account you need the money to be credited.
- Confirm the same, and the amount will be credited within 7 working days.
3. Cryptocurrency Debit Cards
Just like the normal currency with the debit cards, you will be able to use the Bitcoin debit card to make it available to be used for different malls and other shopping places. But keep in mind there are not many places where the crypto payments are gonna be accepted.
Hence do keep this in mind, hence most of the debit cards will convert the cryptocurrencies in Dollar, Euro, Rupee, or any other local currency to process the same.
Have you sold or purchased any bitcoins in the recent past? If yes do let us know your experience with any of the above-mentioned ways in the comment section below.