Category: Sell Bitcoins

How to turn bitcoins to real money

how to withdraw bitcoins to cash

 

Bitcoin is a very new currency, perhaps the newest currency in the world. Since people have discovered its real value, its price has just gone up and up. The bad news is that not all businesses accept it just yet. You can’t have a bunch of bitcoins in your hand or try to buy the whole store with them. Some online businesses do accept them in exchange for their merchandise, but not all of them do. You can’t go to the bakery just yet with a handful of bitcoins and expect cupcakes. That is just a fact; bitcoin is not a widely spread currency.

If it is so valuable, you need to exchange them for fiduciary money to get your purchase at CVS or buying that artisanal cheese that smelled so good. Since Bitcoin does not take any fees it is a very secure way to get money online, any government can’t regulate it, and the cost of violating its security is too high so exchanging your bitcoins into dollars is an excellent way to have the cash you need.
Bitcoin mining is an excellent way to get your cash from scratch. It does take effort, but miners are offered a reward for their work and bitcoins become more accessible to have and exchange for another currency. Bitcoin exchange can also happen once you’ve provided a service or sold a good to be rewarded with the digital currency and exchange it for dollars. Lot of people have both Bitcoins and lots of bills to pay, some simply want to buy a new car, and since they cannot pay with BTC at a car dealer, the only feasible way is to first convert Bitcoin to cash. The good news is that there are places all over the internet where you can exchange Bitcoin. Here are a few examples:

Btc-e.com is the most popular Bitcoin exchange website. It has a complicated log in feature that asks for personal information as well as scans, but once the protocol is done, you can make any exchange as you want.

Localbitcoins.com is another popular site that allows you to exchange bitcoins with local exchangers or miners and backed up by escrow that makes the whole transaction more trustworthy.

Coinbase.com operates in the US and is an easy way to exchange bitcoin. With its simple interface, new exchangers can learn quickly how to have their cash in hand in a timely manner.

Bitbargain.co.uk operates in the UK with a like-minded simple interface that works with wire-transfer.

Hitbtc.com is a Europe based Bitcoin exchanging website that has gained a lot of popularity over the years making it to the top of the European top Bitcoin exchangers.

 

Anyway you want it; the easiest way to withdraw bitcoins to cash is to use one of the trusted websites that will make the process fast and effortless. Your transactions should always be secure, and the websites should offer you that security. Bitcoin is the currency of the future and trading it should become accessible for everybody, no matter the background.

How to withdraw Bitcoins to Cash

withdraw bitcoin to usd

 

Did you happen to have some Bitcoins accumulated over the years, and you now think it is the right time to sell them and turn them into real cash? It is not surprising that many people have saved Bitcoins since it was way cheaper few years ago, and now that the Bitcoin price is surging, it is a no-brainer for these people to seek ways to withdraw their Bitcoins into cash and spend it on things, such as paying for bills, buying electronics, properties, cars…etc, that would be otherwise difficult to purchase with BTC.

Bitcoin is the digital currency of the future, but it will be in several years till it becomes mainstream or accepted at retail stores, gas stations or restaurants. But till then, the only way to spend those coins is by first converting them to USD, Euro, GBP or other real world currencies. We usually get lots of questions from our readers, such as: “How to withdraw Bitcoins to Cash?” or “How to trade Bitcoin for USD?” If you are in the same situation, then continue reading.

Back in 2011, a bitcoin could barely buy you a slice of pizza, and now the price has multiplied by hundreds that can yield you serious cash. In order to save you lots of time searching on the internet, we already have done the research for you. So let’s cut the chase, and show you the top 5 exchangers where you can sell bitcoins for cash.

 

 5 Best Bitcoin to Cash Exchangers:

Check out our 5 top picks for the websites where you can sell bitcoins for cash:

 

1- CashYourBitcoin.com:  this website gives customers the ability to quickly sell Bitcoins and receive Cash in return. Unlike many other exchangers, you can withdraw Bitcoins into real money without having to provide any documents or personal details; thus, making it very anonymous. No sign up is required for customers to initiate the trade. Moreover, at only 5%, the fee to exchange your Bitcoins is among the lowest in the industry, which is very hard to beat. You will have the option to withdraw Bitcoins into cash, using the following payment methods: Paypal, Western Union, Moneygram and Bank transfer. Customers can cash in up to 25 Bitcoins per each transaction. No matter how you look at it, it is one of the best deals out there that you cannot ignore!

 

Our Rating: 4.5/5

withdraw bitcoin to cash

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2- LocalBitcoins.com: Is a recognized name when it comes to bitcoin trading. This is a peer to peer trading platform, which facilitates acquiring or selling Bitcoins for cash. Both buyers and sellers will be required to provide passport scan to prove their identity. LocalBitcoin.com is a major player when it comes to buying and selling Bitcoins. You can also meet people that are interested to buy or sell BTC locally, which is a nice touch. Cash deposit, Reloadit, Moneypak, Western Union, Moneygram, Paypal are some methods that can be used to receive the payment for your Bitcoins.

 

Our Rating: 4/5

sell bitcoins for cash

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3- Coinbase.com: It was founded in 2013, and it is among the best Bitcoin online exchangers. Their rates are good, but they only offer payment via Bank transfer, which can take a few days to process. Also, customers will be required to provide documents along with Social security number for verifications, which can be quite a turn off for many people.

 

Our Rating: 4/5

exchange bitcoin to paypal

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4- BTC-e: This one can be really difficult to use, due to the fact that customer are asked to provide documents prior to trading, such as bank statements, passport and/or driver’s license. This process can take really long. So if you are in a rush to sell your Bitcoin for cash, then we don’t recommend this one. But the moment your account is verified, you will enjoy many benefits such as trading BTC for Cash or other cryptocurrencies such as LTC, ETH, DSH and NMC.

 

Our Rating: 3.5/5

how to sell bitcoins

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5- E-Bay: You might be surprised to see ebay making it on this list. But the fact of the matter is that it is used by many traders to sell their Bitcoins. This, however, does come with some serious risks that can leave you with no coins if something bad is to happen. For example, if someone uses a hacked/stolen Paypal account to purchase Bitcoins from you on ebay, then the real account holder opens a dispute for unauthorized transaction, chances are you will lose the dispute, add that to the fact that Bitcoin transactions are irreversible. To protect yourself against this, you can greatly limit the amount of Bitcoins you can sell for each individual, and avoid dealing with brand new users.

 

Our Rating: 3/5

how to withdraw bitcoins