If you are wondering how you are going to convert bitcoins to cash, here are some easy ways to turn bitcoin into real money .
Cryptocurrencies have been around for a while now, and more and more online businesses are starting to accept Bitcoin payments as legitimate direct payments. However, using your coins for every transaction you need to complete can still be a difficult task.
While people don’t engage in frequent bitcoin cash conversions as it costs a lot of fees you have to pay and the exchange rates make it boring and unfavorable, cash conversions every now and then are a great thing option that people engage in. And, as mentioned above, not all transactions allow you to pay directly in bitcoin.
Use a Bitcoin ATM
Access a Bitcoin ATM and cash out your bitcoin earnings. Bitcoin ATMs, as the name suggests, are ATMs that turn your bitcoins into government issued currency. Most major cities around the world have Bitcoin ATMs to cash in your bitcoins. This is usually the fastest way to cash out your winnings.
You can also buy bitcoin here on a regular basis and it works much like a regular currency ATM, so you shouldn’t have to worry about how it works and any other questions about the features.
In addition to bitcoin, most other ATMs also accept Litecoin and Ethereum. A downside to this faster way to convert bitcoins to cash is that the return rates aren’t exactly favorable for most of us, and the fees you have to pay for these ATM transactions are much higher than online transactions. Hence, people choose online websites.
Use an online service
The talk about online services brings us directly to the option of online services, which you can use, to convert bitcoin to cash. Reliable and professional online services exist in plethora so that not only can you buy cryptocurrencies and bitcoins online and track them, but you can also sell those bitcoins to others, in exchange for the issued currency. by the government in your country.
You can use their websites and Android or IOS apps and the rates for these transactions are much lower than at Bitcoin ATMs and the exchange rates are also favorable.
When you sell your bitcoin, your winnings are converted and then transferred securely to your bank account within days. Most people use these online services to cash out their profits in bitcoin, through wire transfers, when possible for them. You can also create your own accounts to receive bitcoin payments from friends, family, and customers.
Bitcoin Debit Cards
Have you ever heard of a Bitcoin debit card? Like regular debit cards, Bitcoin debit cards also exist. Their use is very convenient because you can use these debit cards to pay any cryptocurrency or bitcoin. They are also one of the most convenient ways to cash out your bitcoin winnings, as you can use these cards to pay any retailer they want.
These bitcoin debit cards work through online services, where you deposit your cryptocurrency or bitcoin through an online service provider, which converts the bitcoins into fiat currency for you, such as US dollars or euros.
All of these issued cards are powered by Mastercard or Visa, making them suitable for all purposes of shopping online and offline, as well as in offline retail stores. Depending on your location, it is determined whether you have access to a Bitcoin debit card or not and, if so, what are the permitted daily and monthly usage limits.
So, before you get one, do your research well and get a map that’s right for you, depending on your country’s regulations and geographic usage.
It is advisable to keep your cryptocurrency or bitcoin earnings recorded in an online service repository or digital wallet and convert it to cash after a considerable period of time. If a situation arises where you need to have immediate finances, you can collect your bitcoin earnings through a debit card or Bitcoin ATM or convert them through an online service and transfer them to your bank account.
If none of these work immediately or you don’t have the access you need, you can try selling them to your friends for fiat currency or cash, as we call it.