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how to turn bitcoin into cash

how to turn bitcoin into cash

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Best answer

There are several ways to convert bitcoin to cash and ultimately move it to a bank account: Sell bitcoin on a cryptocurrency exchange,such as Coinbase or Kraken. This is the easiest method if you want to sell bitcoin and withdraw the resulting cash directly to a bank account.

People also ask

  • How do I cash out my Bitcoin?

  • Cash-out your bitcoin by depositing it into your bank account or PayPal account (applicable to some services). Keep in mind the withdrawal times may be 4-6 days. Transaction fees may also apply. Here are a few simple steps for how to turn Bitcoin into cash using peer-to-peer exchange: Decide which peer-to-peer exchange platform you want to use.

  • What can you convert bitcoin to?

  • Well, there are easy ways you can convert Bitcoins to Dollars, Euro, Pounds, Rupee, or Naira and as you read further, am going to discuss some of the best way to withdraw Bitcoin. How do you cash in Bitcoin?

  • What are the different ways to sell Bitcoins?

  • These include: 1 Cash deposit: You can ask the buyer to deposit cash into your bank account. … 2 Bank Transfer: You can ask the buyer to send you a bank transfer payment. … 3 Meet in person for cash: You can arrange to meet up with a buyer who is local to you, and they will pay you in cash for your Bitcoins.

  • How does bitcoin payment work?

  • Bank transfers, where the buyer deposits money directly into your bank account. Cash deposit, the buyer deposits money into your bank account. Cash in person, you meet with the buyer in person and receive cash. It鈥檚 important that in the first two situations you get the ID and proof of payment from the buyer before sending any Bitcoin.