Convert bitcoin to bitcoin cash

How To Convert Bitcoins To Cash [USD, EUR, INR]

Do you want to cash out Bitcoin?

Is it time to book some profit and convert your Bitcoins to traditional bills?

Read on to learn the ways to cash out Bitcoin and get some real-world money.

Slow but steady, everyone in the world is getting caught up in the novel idea of Bitcoin. And the most asked question continues to be – Have you invested in Bitcoin yet?

And why not, considering it is better than gold and traditional fiat currency, and not to mention, it is in limited supply and is subject to various economic laws that suggest its future growth too.

I have covered that aspect of Bitcoin in my previous article too:

However, I would like to re-iterate in the words of the first Bitcoin Evangelist – Trace Mayer.

Gold is sound money and limited in supply but it doesn’t move well. The dollar moves well but is not limited in supply. Bitcoin moves well and is limited in supply which is why it has been outcompeting both since its creation in 2009.

It is only natural for it to grow in its value over time, irrespective of what the pundits say, and when it bound is to increase in its value, the obvious question of realizing your profits come in.

For realizing the profits one needs to sell BTC in exchange for fiat/cash as acceptable in their native countries.

Hence, I think it is apt to talk about the questions that come to mind while selling Bitcoins for cash.

• How to convert Bitcoins into dollars (USD) or any other fiat?
• How to redeem Bitcoins for cash?

How To Turn Bitcoin Into Cash?

There are some easy ways to convert BTC into USD, INR, EUR or GBP, some of which are listed below.

However, before you pick any of the listed methods, you need to find out how you want to receive your fiat. You can sell Bitcoins in person for cash or you can sell it on exchanges and get the money directly deposited into your bank account.

You also have the option to spend your Bitcoin to buy stuff from Amazon using services like Lolli or Bitrefill.

However, I assume for now you want to sell your Bitcoins and get hard cash in person or directly in your bank account.

1. Via Fiat Accepting Exchanges

The easiest way is to find out fiat accepting exchanges in your country. You can then sell them your Bitcoins in exchange for fiats like USD, EUR or GBP. Some of the exchanges that allow you to do so are listed below.

I understand that all the above options might not work globally because the cash system varies from country to country.

For such sellers, there is another option of P2P selling/buying of Bitcoins via LocalBitcoins (aka LBC).

2. Via LocalBitcoins

LocalBitcoins is a Bitcoin start-up based out of Helsinki, Finland, which has been operating since 2012. It is a P2P Bitcoin exchange. It has on-ground buyers and sellers in more than 15,000 cities across 248 countries. Chances are, you will find a buyer in your country via LocalBitcoins.

The beauty of Localbitcoins is that you dealing with the buyer directly and you can receive money in any of the supported formats (bank deposit, PayPal, Payoneer, cash). When it comes to converting Bitcoin into fiat, Localbitcoins is one of the most preferred choices of those who don’t want to use an exchange.

You can meet buyers/sellers online and execute a trade offline. You can either pay in cash or wire the amount. You can also choose from various other options like PayPal or SEPA or direct bank deposits for converting Bitcoins into cash (USD, EUR, INR, JPY, CNY, AUD, Dinar etc) [all depending on the buyer/seller].

You can simply filter your country based on the payment mode you want to choose. Just so you know, all the fees here is set by the seller while LocalBitcoins acts as an escrow manager.

Caution: Be sure to check the reputation of the buyer/seller; a higher reputation means a more trustable buyer/seller.

LocalBitcoin is surely the easiest way for the resident of any country to redeem their Bitcoin for cash.

3. Convert BTC Into USDT Like Digital Fiat

If you are not in a hurry of converting your BTC into the fiat currency of your country, you can convert Bitcoin into USDT (Tether).

Using USDT has its benefits when compared to dealing in USD or EUR if you plan to buy Bitcoins later. Moving cash in and out of your bank account regularly might be time consuming.

Also, you need not worry about the volatility of cryptocurrencies when you switch to USDT because USDT always maintains parity with actual US dollars, hence maintaining its value of $1 per USDT always.

This will also reduce your headache of always transferring in fiat currencies to exchanges to buy Bitcoins because USDT can be used to buy Bitcoins later if you want.

And the good thing about USDT is that unlike many fiat exchanges, USDT is supported by many exchanges across the world. Some of these exchanges are listed below. I have used this feature of intermediate conversion to USDT myself.

USDT (Tether) Supported Exchanges:

Conclusion: Converting Bitcoin Into Cash

These are some popular ways of converting your Bitcoins into USD or the respective fiat cash of your country.

We will, soon, be coming up with a list of country-wise options for selling and buying Bitcoins, which will make your life easier when exchanging Bitcoins into cash.

When you encash your Bitcoins to cash, keep in mind the taxes. If it’s a large sum, you need to pay taxes. You can use a tool like Koinly to calculate tax on your Bitcoin selling profits.

Another way to turn your Bitcoin into cash is by selling Bitcoins to your friends and family.

If your reason is to make some profit and not because you don’t feel confident about the future of Bitcoin, selling Bitcoins directly to your friends and family is an ideal choice.

This will also help them to get started with Bitcoin, and both of you will save on the transaction (middleman) fees.

However, this route is taken only by a few, as we have recommended earlier that you should not disclose your Bitcoin investment and Holding to anyone.

We intend to start with the below mentioned countries first and also include some third world countries like Somalia, Syria, Iraq, etc.

If you want to suggest other names that we should cover, do let us know in the comments section below.

If you found this article informative, please share it with your friends and family who want to know about converting Bitcoins into cash.

Here are a few other hand-picked articles for you to read next:

Harsh Agrawal is the Crypto exchange and bots expert for CoinSutra. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in the fin-tech space.

An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.

An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

Join us via email and social channels to get the latest updates straight to your inbox.

Источник

Convert Bitcoin to Cash

Cryptocoin converstions come with delays, rate variations, and fees, though

More businesses now accept Bitcoin, Litecoin, and other cryptocurrencies but it can still be hard to use your coins everywhere. Here are the three best ways to convert your Bitcoin into cash to use when shopping online and in a store.

Get Cash With a Bitcoin ATM

Bitcoin ATMs are available in most major cities around the world and provide a relatively fast way to convert Bitcoin and other cryptocurrencies into government-issued currency.

Many Bitcoin ATMs let you buy Bitcoin in much the same way that you deposit money at a regular ATM. Most now support additional cryptocoins such as Litecoin and Ethereum as well.

However, fees on these transactions are higher than you’d pay through an online service, and the conversion rates generally aren’t as favorable.

Convert Bitcoin Via an Online Service

» data-caption=»» data-expand=»300″ data-tracking-container=»true»/>

DigitalVision Vectors / sorbetto

Several popular online services not only allow people to easily purchase Bitcoin and other cryptocurrencies through their websites and smartphone apps but also sell the cryptocoins they have for government-issued currency.

The most popular service is Coinbase and a good alternative is CoinJar. Both offer the buying and selling of Bitcoin, Litecoin, and Ethereum, while Coinbase also supports Bitcoin Cash (a separate cryptocurrency from Bitcoin) and CoinJar has Ripple.

Each service can connect to bank accounts to pay for cryptocoin purchases. This connectivity also enables the selling of cryptocurrencies, which can be converted and transferred to a bank account within a few days.​

Many people use Coinbase and CoinJar to buy Bitcoin (and other coins) and cash out their profits through a bank transfer as their cryptocoins gain in value. Others use their accounts to receive cryptocurrency payments from friends, family members, or customers.

Источник

Bitcoin Cash (BCH) and Bitcoin (BTC) Currency Exchange Rate Conversion Calculator

This Bitcoin Cash and Bitcoin convertor is up to date with exchange rates from June 10, 2021.

Enter the amount to be converted in the box to the left of Bitcoin Cash. Use «Swap currencies» to make Bitcoin the default currency. Click on Bitcoins or Bitcoin Cash to convert between that currency and all other currencies.

The Bitcoin Cash is the currency in no countries. The Bitcoin is the currency in no countries. The symbol for BCH can be written BCH. The symbol for BTC can be written BTC. The exchange rate for the Bitcoin Cash was last updated on June 10, 2021 from coinmarketcap.com. The exchange rate for the Bitcoin was last updated on June 10, 2021 from coinmarketcap.com. The BCH conversion factor has 15 significant digits. The BTC conversion factor has 15 significant digits.

BCH BTC coinmill.com 0.0010000 0.00002 0.0020000 0.00003 0.0050000 0.00008 0.0100000 0.00016 0.0200000 0.00033 0.0500000 0.00082 0.1000000 0.00163 0.2000000 0.00326 0.5000000 0.00815 1.0000000 0.01631 2.0000000 0.03262 5.0000000 0.08155 10.0000000 0.16310 20.0000000 0.32619 50.0000000 0.81548 100.0000000 1.63097 200.0000000 3.26193 BCH rate June 10, 2021 BTC BCH coinmill.com 0.00002 0.0012263 0.00005 0.0030657 0.00010 0.0061313 0.00020 0.0122627 0.00050 0.0306567 0.00100 0.0613133 0.00200 0.1226267 0.00500 0.3065667 0.01000 0.6131333 0.02000 1.2262667 0.05000 3.0656667 0.10000 6.1313333 0.20000 12.2626666 0.50000 30.6566666 1.00000 61.3133332 2.00000 122.6266663 5.00000 306.5666658 BTC rate June 10, 2021 Print the charts and take them with you in your purse or wallet while you are traveling. Источник How to Cash Out Bitcoin When it comes to cashing out your bitcoins, you’ll need to consider how you want to receive your fiat money. You can either use third-party exchanges and deposit your money into a bank account or sell bitcoins in person for physical cash. Interestingly, if you’re looking to spend your Bitcoin, cashing out is one of the many options. Services like Lolli and Moon allow you to shop online using Bitcoin and other popular cryptocurrencies. Even better, you can get maximum discounts as well as earn some bitcoins while you spend. Check out this article to help you spend Bitcoin smarter. Let’s get back to the topic, if you prefer to have fiat money in your bank account or wallet, here are some of the best ways to sell your Bitcoin for fiat currency. 1. Convert Bitcoin via Cryptocurrency Exchange The easiest way to cash out Bitcoin is through an online cryptocurrency exchange. These third-party exchanges allow you to easily sell your Bitcoin for USD, EUR, GBP, MYR and other local fiat currency via their websites or user-friendly apps. To start, you’ll need to find an exchange that supports your country. The following are a few main options where you can sell Bitcoin based on your country: Here’s how it works: Sign up and complete the verification process. Deposit (or buy) BTC into your account Cash out your BTC to fiat via bank transfer or Paypal(applicable to some services) It’s simple, easy and secure. But it’s not the fastest way, as it can take 1-5 days to receive your fiat money depends on the platform you’re using and your country. Also, for cryptocurrency newcomers who don’t already have an account with the crypto exchange, it can take weeks, if not months to get your account approved. At the moment, some restricted countries don’t have cryptocurrency exchanges. If you have limited exchange option and prefer more anonymous, there’s another option to sell Bitcoin for cash using a peer-to-peer platform via LocalBitcoins. 2. Sell Bitcoin Using LocalBitcoins Founded in June 2012, LocalBitcoins is a P2P Bitcoin exchange that facilitates direct trading between potential buyers and sellers. Serving more than 1.35million people from 15,000 cities across 249 countries, LocalBitcoins is available in almost every country. In fact, only New York state has suspended their services due to local financial regulations. What’s particularly great about LocalBitcoins is that you’re dealing directly with buyers, with no intermediary. Plus, it offers escrow service to protect both buyers and sellers of Bitcoin. Apart from that, you can decide how much you want to sell your Bitcoin for, as well as request any payment method that you like. You can choose from a variety of payment methods, including cash deposit, bank transfer, Payoneer, Paypal, gift vouchers, Western Union or in-person cash. Here’s a quick look at how it works: Create an account at LocalBitcoins. Verify your identity (As of 2019, KYC (Know Your Customer) laws may apply in your country.) Select “Quick Sell”. Filter your country and choose the payment mode. LocalBitcoins will instantly give you a list of relevant buyers based on your location. Choose your buyer carefully. (Tip: Always go for a reputable buyer/seller with high feedback rating) Confirm the amount of BTC you want to sell, enter your payment details (for example, provide your PayPal email address or bank account) Once the buyer accepts your offer, send your BTC to LocalBitcoins escrow. Wait for the buyer to send the payment. Complete transaction once the fund is received. The best part? Buying and selling bitcoins on LocalBitcoins is completely free. But if you’re posting an ad to promote your Bitcoin for sale, you’ll be charged 1% of the bitcoin traded. Undoubtedly, LocalBitcoins is the fastest and easiest way for people from around the world to buy/sell bitcoin safely. Remember, even though you can trade directly offline with another person, it’s important to conduct transactions through P2P platforms. This is because they provide escrow, mediate transactions and resolve any dispute. 3. Get Cash With a Bitcoin ATM If you don’t like the thought of going through a lengthy sign-up and ID verification process on major exchanges, then getting physical cash with a Bitcoin ATM is a good alternative for you. Bitcoin ATM is a hassle-free way to convert Bitcoin into cash. Unlike the traditional ATMs where you can withdraw your country’s currency like USD, AUD, EUR etc with your debit card. Bitcoin ATM is rather a physical centre, allowing you to buy Bitcoins with fiat money. And the good news is some ATM machines let you sell your Bitcoins for local currency too. As of writing, there are over 4990+ crypto ATMs across 76 countries. It’s getting easier to find a Bitcoin ATM nearby you, around the globe. First of all, use Coin Radar to find a Bitcoin ATM nearest to you. I t will show you a live worldwide Bitcoin ATM map. Then search for a Bitcoin ATM that offers the option to sell bitcoins for cash. Keep in mind that not all machines are the same, each offers different buy/sell limits, fees and supported cryptocurrencies. However, this method is only suitable for small transactions. This is because (1)most ATM machines have deposit and withdrawal limits between $1000-$10,000, and (2) It’s cumbersome to carry large stacks of cash around. Still, the biggest drawback of using Bitcoin ATM is its high transaction fee. Compared to online exchanges which charge an average 0.1%-1% fee, Bitcoin ATMs typically charge 7-12% for selling bitcoins! Clearly, convenience comes at a higher cost. In other words, you will get fewer dollars if you’re selling bitcoins using ATM compared to other options on this list. In case you need to cash out bitcoins quickly, Bitcoin ATM can be the most feasible option. 4. Spend Bitcoin using a Bitcoin Debit Card Strictly speaking, Bitcoin debit card won’t turn your bitcoins into hard cash. I’d describe it as more of a way to allow you to use your bitcoins just like any regular debit card. You can load your BTC into these cards and they’ll automatically convert your Bitcoin into fiat currency such as USD, EUR, GBP, AUD etc. Holding a Bitcoin debit card allows you to spend, buy and pay for anything (both offline and online) or even withdraw cash at ATMs anywhere in the world as long as VISA/MASTER cards are accepted. Access to these borderless bitcoin-funded debit cards is crucial for anyone (especially for frequent travelers), allowing you to make purchases online and/or offline, anywhere in the world without the hassle of expensive fees. Some popular Bitcoin debit cards are Crypto.com, Wirex, Cryptopay. Each card comes with different features, fee structures and services. To help you make better decision, I’ve written a Bitcoin debit card comparison post here. Should you convert Bitcoin to fiat currency? Before you rush into cashing out your bitcoins and realize your profits, there’s one important question to ask yourself: Should you convert Bitcoin to fiat currency? Don’t forget that you’ll need to pay tax for the profit you made from selling bitcoins into fiat money. Here’s the thing: The beauty of Bitcoin isn’t about the blockchain technology behind it. It’s the decentralized digital scarcity. There’ll be only 21 million bitcoins in the world. Take a look at Bitcoin’s yearly lows: 2012 – $4 2013 – $65 2014 – $200 2015 – $185 2016 – $365 2017 – $780 2018 – $3200 As more people are getting into the world of crypto, more businesses are accepting bitcoins, demand for Bitcoin is going through the roof. Despite the price volatility and government regulations, Bitcoin will only appreciate its value over time… A decade ago, 10,000 bitcoins bought you a pizza. Today, 10 bitcoins would buy you a high-performance Tesla Model X. In the next decade, with 1 bitcoin (BTC) you’d be considered pretty wealthy. Perhaps you should also allocate a portion of Bitcoin for long-term HODLing. Conclusion There you go. By now you should know exactly how to exchange Bitcoin into cash. If you need to convert Bitcoin to fiat to pay the day-to-day bills or even reward yourself, sell it via exchanges such as Coinbase . Cashing bitcoins with a cryptocurrency exchange can be more convenient, easier and safer for crypto beginners. If you want to sell your Bitcoin at a higher price, try LocalBitcoins. If you want to get quick cash in emergencies, withdraw cash from a Bitcoin ATM can be a good choice. It’s no harm to get a VISA/MasterCard linked-bitcoin debit card accepted by all merchants across the globe. It allows you to easily spend and withdraw Bitcoin for cash when you need it. How do you cash out Bitcoin for cash? Do you have experience or tips to share with us? Feel to leave a comment below Like this article? Share it with your friends and families. Here are some helpful articles that you can read next: Источник Читайте также:  Как работает дуал майнинга Оцените статью Вам также может понравиться Ящик для фермы майнинга Какие должны быть размеры у фермы для майнинга — все Ящик для майнинга шумоизоляция Подавление шума у Асиков: шумоизоляционная камера для Ящик для майнинг фермы Как собрать майнинг ферму для Ethereum в 2021 году. Ящик диких тарков окупаемость Гайд Escape from Tarkov – убежище В перерывах между Правообладателям Политика конфиденциальности