Do you want to cash out cryptocurrency? Wondering how to sell BTC for cash? Well, most of the investors who get the hang of virtual currency or digital currency market, they may have idea about it.
But those are new to crypto world and planning to step into this world, they can find this guide quite useful. Here we have mentioned some ways to covert cryptocurrency to cash, check out the details below:
There are some countries where you can use exchange to withdraw crypto and get money to your bank. It is not allowed in each and every country, so you should first check if you are eligible to do it. You can use crypto exchange to sell your virtual currencies.
There are some popular exchanges including Kraken and Coinbase. You should go with the reliable one. You are allowed to get cash into your bank account directly within 4 to 6 days after selling your cryptocurrency via exchange. Associated fee depends on your region.
You just need to get registered with these exchanges and complete the verification. Once you are verified, you can buy and sell cryptocurrency from your account. This is the slow process, but it is safe, easy and secure.
You can withdraw cryptocurrency to your credit card using crypto wallet. You must know the concept of wallet, but this is not possible for all the wallets.
It is also restricted to use this method in some regions. Once you are eligible to do so, you can get it in your credit card and use it.
It is not an easy way, but if you can find Bitcoin ATM in your region, then it would be great.
You just need to pass KYC and send BTC to corresponding address in order to cash it out. You should be familiar with the fees.
You can trade BTC for fiat money. All the ATM machines are not same. Each machine has withdrawal and deposit limit and you should know about it.
Another method is BTC debit cards. You can get a prepaid debit card after selling cryptocurrency like BTC.
This is like normal debit cards and powered by Mastercard and VISA.
It works both offline and online, so you need not to worry about anything.
This is how you can cash out your digital asset.