How To Cash Out My Bitcoin
So, Finally you are going to cash your bitcoin and looking for the best methods to cash your bitcoins. I’m exploring the best and suitable methods for you to cash bitcoin. Our company is providing almost all the methods to cash bitcoin and other Cryptocurrency. we are the leading Exchange of Digital currency working world wide. Our happy customers represent the quality services and quick help. we are working world wide and we have all the possible options for you to cash your bitcoin, the most used method is bitcoin to paypal transfer. And we are providing the best services of transfer bitcoin to paypal, so in this blog you will find a complete guide to how to cash out bitcoin to paypal and all the other methods through which you can cash your bitcoin.
HOW TO CASH OUT
BITCOIN TO PAYPAL
Bitcoin Cash (BCH) came about in August 2017 after a hard fork and a split in the Bitcoin blockchain. Bitcoin Cash is a direct result of the constant debates and many opinions about the future of Bitcoin’s scalability and mass adoption. In this guide, you’ll find out exactly what makes Bitcoin Cash special and where to get your hands on. Bitcoin Cash: An Overview. Since its inception, there have been questions surrounding bitcoin’s ability to scale effectively. Transactions involving the digital currency bitcoin are.
How to cash out bitcoin to paypal Guide is only for our official site. We can explain how somebody can use our website to exchange Cryptocurrency. Simple environment to exchange currency is the first step to catch customer. And our first priority is customer satisfaction. We are providing simple environment to exchange bitcoin and other Cryptocurrency. The whole procedure of exchange of bitcoin with paypal is described below. Our website has a simple interface which give you an excellent user friendly service. We are providing fast exchange services of bitcoin to paypal usually exchangers take 2-4 days but we will transfer your exchanged dollars with in very short span of time.
Other Payment methods to
Cash out Bitcoin
We are offering various payment methods to cash out bitcoin and other cryptocurrency. as I have explained above about how can we convert bitcoin to paypal below here I will explain about other payment methods we are offering. Most of our customers choose to withdraw their crypto through paypal and some other internatioanl payment methods. our popular payment methods are as follow.
a huge number of our client make easy transactions of bitcoin on daily basis. Our Company is providing a simple very simple and user friendly interface with no doubt highly secure network which is very important for safe transaction.
Bitcoin To Bank Account
You can’t withdraw your bitcoin into bank account directly. But we can do. We can send your bitcoins withdrawn dollars into your bank account. Now a days bitcoin to bank account is suitable option for all the people who want to cash out bitcoin through exchanges. You can make transactions anonymously with us. Our website offers different bank option you can choose your desired bank to withdraw bitcoin to a particular bank account. You can check the list of banks available to make transaction by clicking this link.
Bitcoin To Bank Wire
Bank wire is another Good option right now for bitcoin withdraw later on you can transfer your bank wires’ credit to paypal or any other merchant. our customers using bank wire are happy with their services. you can try this option or if you think that this is not suitable for you or if you have any issues regarding this you can go for next option right there I have explained.
Bitcoin To Western Union
Western union is best option for those who are exchanging bitcoin from remote areas. western union don’t need any account or any long process it simply works with your details. western union is more trusted than any other online money transfer platform to cash out bitcoin. as it is the oldest money transfer resource on the internet.
Bitcoin To Perfect Money
If you are perfect money user and you have an account then you must go with this option because perfect money is one of the best financial services providing leading source over the internet. Perfect Money is well known for its instant payment services, and the privacy and security of perfect money is excellent. Most of online business owners are using this service to receive and send payments. perfect money brings the internet fund transfer to the ideal stage of the time.
Exchange Process of Bitcoin
Click here to start the process of exchange. You will find there an exchange chart. first of all you need to enter the amount of bitcoin you want to exchange. Then our boot automatically tell you how much you will receive. In the next row there are two cells you have filled them by entering your name and your active E-mail address. After that you have to select payment method select paypal as your payment method. Put here your paypal email and click order. all you have done we will contact you soon. We are dealing with other Cryptocurrency like Ethereum, litecoin, Ripple, Dogecoin, Monero etc. The process of all the crypto exchange is same you just need to make little changes.
Conclusion
This above blog is only explaination of how to cash out bitcoins anonymously securely with in very short time. The above explaination is only for our company and all the outgoing links are 100% trusted. The process here explained is working with our company 'bitcoinsxchanger' through which you can cash out bitcoin fast. Go with Bitcoinsxchanger.com for safe, secure and fast transactions. Cheers Guys! have fun
This articlewas originally published at Mintdice.com on June 13, 2019. It is being republished here with the publisher’s permission through syndication.
Although it’s safe to say that Bitcoin is a lot more popular today than it was even one year ago, it hasn’t reached a significant level of adoption compared to fiat money. Even though several products and blockchain projects have been built around it, Bitcoin has continuously shown that it cannot be used as a stable form of money.
This has led to regulatory problems, issues with banks, and ultimately, lack of acceptance by businesses. What good is money if it can’t be spent on the simplest exchanges of goods and services? As a result, it’s quite common to convert Bitcoin assets into fiat currency to be used for purchasing items.
Bitcoin has also proven that it can be a great trade and investment vehicle, but it also can be a terrible one. So if a user holds Bitcoin and there’s an impending decline in the market, it’s reasonable to liquidate BTC by converting it to cash.
WHAT ARE THE MAIN METHODS OF CASHING OUT BITCOIN?
There are four main methods of cashing out Bitcoin for fiat currency. They include peer-to-peer exchange, third-party broker exchange, Bitcoin ATM, or bitcoin debit card.
1. PEER-TO-PEER EXCHANGE
Peer-to-peer exchanges connect Bitcoin users and match them according to their buy and sell orders so that they can carry out the exchange by themselves. For example, if Person A is looking to sell Bitcoin at $7,000 per unit and person B is looking to buy some at a similar price, the exchange matches them and they carry out the transaction without the interference of the exchange.
Cashing out Bitcoin via a peer-to-peer exchange is great for users who want to avoid the prices set by centralized exchanges. It also helps them avoid the charges and long waiting time that accompanies cashing out with broker exchanges.
There are three ways to accept cash on a P2P exchange: through a cash deposit, bank transfer or in-person. Cash deposits and bank transfers are generally safe but it is advisable to request a proof of identity to avoid fraud. Arranging a meet-up is a great option because there’s no need for an escrow.
HOW TO CASH OUT BITCOIN ON A PEER-TO-PEER EXCHANGE
- Register on a P2P exchange and set a price to sell Bitcoin
- Wait for the exchange to match a buyer
- Contact the buyer and make arrangements for payment through a cash deposit, bank transfer or physical cash
- Put the Bitcoins in escrow until the payment is received
- Release the Bitcoins to the buyer
Pros
- It is fast compared to a third-party broker exchange
- It has fewer charges
- It gives users total control over who they transact with
Cons
- It is less secure than a centralized broker exchange.
Some existing peer-to-peer exchanges include Paxful and Localcoinswap, which have no charges, and Localbitcoins, which has a trading fee of 1%.
2. THIRD-PARTY BROKER EXCHANGE
Third-party broker exchanges, or centralized cryptocurrency exchanges as they are commonly called, handle the entire exchange of Bitcoin for cash. For example, on a platform like Binance or Coinbase, a user can enter a buy request and be automatically matched to another sell order. The exchange handles the sale itself with additional charges as part of the service.
This method is ideal for anyone who would rather not deal with others when buying or selling. The exchange is also liable in the event of theft or fraud that occurs on their platform. So if a user’s Bitcoin exchange account is compromised, their funds will most likely be replaced. It is also the best option for those who want to withdraw cash directly to their accounts after a Bitcoin exchange.
HOW TO CASH OUT BITCOIN USING A THIRD-PARTY BROKER EXCHANGE
- Research the best exchanges and choose the best one based on a personal set of requirements
- Register for an exchange account
- Deposit Bitcoin into the exchange account wallet
- Place a sell order
Pros
- It is more secure and less stressful than peer-to-peer exchanges
Cons
How To Cash Out My Bitcoin On Cash App
- Exchanges have more control over user funds
- Slow withdrawal times. For example, a cash withdrawal on Coinbase takes anywhere between 1 and 5 days to complete.
Some good third-party exchanges are Kraken, Binance, Coinbase, Bitfinnex, and Poloniex.
3. BITCOIN ATM
A Bitcoin ATM allows anyone to buy or sell bitcoin using a credit card or cash. It looks just like a regular ATM, except that it isn’t tied to a bank account. Currently, there are more than 2000 Bitcoin ATMs spread around the world. This is a good way to cash out without dealing with stress from Bitcoin exchanges.
It is straightforward and secure, and allows a person to withdraw cash or Bitcoin without dealing with another party. Bitcoin ATMs vary by operation and some available types include Genesis1 Bitcoin ATM, Satoshi1 Bitcoin ATM, Lamassu Bitcoin ATM, and BitAccess Bitcoin ATM.
HOW TO CASH OUT USING A BITCOIN ATM
- First, locate the nearest Bitcoin ATM by visiting Coinatmradar, a site that shows a live map of functional BTC ATMs
- On the ATM, choose the cash withdrawal option
- When asked for a currency choice, pick Bitcoin
- Choose the withdrawal amount
- Send BTC from a mobile wallet to the QR code provided by the ATM.
- Collect cash
Pros
- It is secure
- The process of using a Bitcoin ATM is more straightforward than using an exchange
- No registration needed
Cons
- Bitcoin ATMs are static and cannot be used without being physically at the machine
- They are not common, especially in developing countries
Bitcoin ATMs are usually found inside restaurants, shops, retail stores, airports, or malls.
4. BITCOIN DEBIT CARD
A Bitcoin debit card allows a user to withdraw cash instantly even when it’s loaded with Bitcoin. One great example is the CEX.io debit card, which is linked to the CEX.io exchange. This a good way to cash out Bitcoins when there are more traditional ATMs than Bitcoin ATMs around.
HOW TO USE A BITCOIN DEBIT CARD
- Search for crypto debit card providers like Uquid
- Register for a debit card
- Add the card to the preferred exchange wallet
- Either sell Bitcoin on the exchange and withdraw the cash to the debit card or send Bitcoin directly to it
- Withdraw cash using the card at a normal ATM
Pros
- It is a better option than Bitcoin ATMs for developing countries
- Most card providers offer instant withdrawal
Cons
- Fees can be as high as $3 per withdrawal
- An Exchange account is needed most times
Some of the best Bitcoin debit card providers include Wirex, Cryptopay, Bitpay, and Uquid.
FINAL THOUGHTS
When dealing with Bitcoin, users will need to cash out at some point. Whether due to a fall in price, the need to convert crypto investments into traditional ones, or just the need to spend cash instead of BTC, the need always arises.
Centralized cryptocurrency exchanges are currently the most common way to convert any cryptocurrency to cash. In fact, they are usually the starting point for beginners. They have significantly less risk than P2P exchanges and are also easier to use. Bitcoin ATMs and debit cards are not as common but are also easy, safe ways to cash out Bitcoin.
It’s important to weigh the pros and cons of each before choosing any of these options. Ultimately, they have the same outcome but depending on a user’s location, and other preferences, they are all drastically different.
Cashing Out Bitcoins For Cash
More on this topic: BUYING BITCOIN WITH PAYPAL: HARDER THAN IT SOUNDS