How To Convert Bitcoin Back To Cash

• How To Convert Bitcoin Back To Cash Money
• How To Convert Bitcoin Back To Cash Now
• Bitcoin Conversion To Cash
• Convert Bitcoin To Money

• 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.

Exchanges that have Fiat Options. BitFlyer– USD/JPY. Coinbase-USD/EUR/ GBP. You mined your coins or bought them up. Now you want to cash in your bits. Here's a quick guide on how to convert Bitcoin to cash quickly and painlessly. Coinbase only allows you to sell directly into your Coinbase fiat wallet. However, there is no limit on the amount you can sell to your wallet. After selling to your Coinbase fiat wallet, you can opt to either withdraw funds to your US bank account or repurchase cryptocurrency on the platform. How do you cash out Bitcoin anonymously? The pros and cons of different ways of converting BTC to cash. The most reliable way to cash out Bitcoin.

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 Convert Bitcoin Back To Cash Money

• 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.

How To Convert Bitcoin Back To Cash Now

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.

Bitcoin Conversion To Cash

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.

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.

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.

Contents

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

Are you looking to convert the bitcoins you’ve been holding up until now into fiat currencies? Our article for today will show you different ways in which you can cash out your BTC.

Exchanges that have Fiat Options

The first option is to find an exchange that has let you convert BTC into fiat currency. Most exchanges do not have this option available, but there a few that do. You can trade your Bitcoins against fiats like USD, EUR or GBP. A few platforms have JPY, but that option is limited to certain countries. Below are some of the exchanges that have fiat options. To find out more, enter CoinMarketCap and click on the Markets tab and then arrange the list according to https://coinmarketcap.com/currencies/bitcoin/#markets pairs.

• Bitfinex-USD/EUR
• bitFlyer– USD/JPY
• Coinbase-USD/EUR/ GBP
• Bitstamp-USD/EUR
• BitMex-USD
• Simex-USD
• Coinsuper- USD
• Gemini– USD
• Exrates – USD
• Gatecoin USD
• Kraken-USD/EUR
• CoinsBank-EUR/USD/ GBP
• Exmo- EUR/USD
• Coinroom- EUR
• Liquid- JPY/USD
• BTCBOX-JPY
• Zaif- JPY
• Bitbank-JPY
• Coincheck- JPY
• Cryptonex- JPY/GBP
• Bitinka-EUR
• Bitsane – EUR

The options presented above might not work on a global scale as the cash system differs from country to country.

LocalBitcoins

LocalBitcoins is a Peer-to-Peer Bitcoin exchange based out of Helsinki, Finland, which has been established in 2012. It brings together buyers and sellers from more than 15,000 cities across 248 countries. Considering these numbers, there is a chance that you will find a buyer in your country through LocalBitcoins.

Localbitcoins lets you interact with the buyer directly and you can receive your fiat in any of the supported formats (bank deposit, PayPal, Payoneer, cash).

The platform lets you meet the buyers/sellers online and make the trade offline. The buyers have the option to either pay in cash or wire the amount.

You can filter your country according to the payment mode of your choice. All the fees here are set by the seller while LocalBitcoins is used as an escrow manager.

It is advisable that you check the reputation of the buyer/seller; a higher reputation means that the buyer/seller is more serious. There have been cases in which BTC holders have been lured and forced to give up their digital funds, so you can never be too careful.

Convert BTC into USTD Like Digital Fiat

If time is not a pressing matter for you, you can first convert your BTC into USDT (Tether).

USDT conversion has its benefits when in comparison to dealing in USD or EUR. Moving money in and out of your bank account on a regular basis makes you liable and may add more to your taxes.

There is also the issue of volatility that you need to think of when you convert to USDT because USDT always keeps its value to that of the actual US dollar.

The most advantageous thing about USDT compared to fiat currency is that it is supported by far more exchanges across the world. You can later convert your funds into USD via Bittrex, Kraken and Binance, all of which are well-known and used exchanges.

USDT (Tether) is supported on a variety of exchanges including the following: Bitfinex, Binance, KuCoin, Cryptopia, Bittrex, Gate.io, ZBG, BitForex, OKEx, IDAX, HitBTC, Huobi, Poloniex.

Bitcoin ATMs

Bitcoin ATMs can be found in most of the bigger cities around the world and they let users rapidly convert Bitcoin and other cryptocurrencies into fiat money.

Using a Bitcoin ATM to exchange your digital funds into cash can be convenient for those theta receive their earning in cryptos. One disadvantage would be that this service comes with higher fees when compared to online exchanges. The conversion rates can also be much lower that what is on the market, meaning that you will not get the crypto at its actual market price.

Convert Bitcoin To Money

Use a Bitcoin Debit Card

Cryptocurrency debit cards are a practical and reasonable way of spending Bitcoin and other cryptos at traditional merchants who may not accept payments in digital coins but accept debit and credit cards. These cards enable their users to make deposits in cryptocurrencies via an online website that automatically makes the conversion to a fiat currency such as USD or EUR.

The most known debit cards dedicated to cryptocurrencies are Monaco, Bitpay, CoinJar, and BCCPay. Each card is supported by either VISA or Mastercard meaning that their usage is extended to both online and offline shopping at most businesses. Availability is variable depending on geographical region, as well as its daily and monthly usage limits, so before getting a card it is advisable to compare see which one suits your financial needs.

Conclusion

We hope that our article has been of help and that our aforementioned options will suit your needs. Be sure to check any source, website, buyer/seller, service provider, etc. before you even start trading your BTC, as there are many frauds and scams lurking.