How Do You Convert Bitcoin To Cash

Press Withdraw Bitcoin. Scan a QR code address or press Use Wallet Address to enter one manually. Confirm with your PIN or Touch ID. You must have a balance of at least 0.0001 bitcoin to make a withdrawal. You can withdraw up to $2,000 worth of bitcoin every 24 hours and up to $5,000 within any 7. Convert Bitcoin into Cash with P2P Trading. Sell Bitcoin directly to other Binance users to exchange them for your local fiat currency. Browse a variety of Bitcoin listings to shop for the best offers on Bitcoin from other users. To place an order, you must first place your Bitcoin (or other cryptocurrencies) into the P2P wallet portion of your. If playback doesn't begin shortly, try restarting your device. You're signed out. Videos you watch may be added to the TV's watch history.

In 2017 Bitcoin Cash forked out of Bitcoin and the amount of buzz it created is no more a secret.

According to me, it was a planned fork to overtake Bitcoin. A form of attack on Bitcoin or Bitcoin core as the Bcashers call it. But it is no 2019, and the dust has settled.

The market has come to a conclusion which is the original Bitcoin and which is merely an altcoin. This realization of the market is making many Bcashers (BCH) to flock to Bitcoin.

Some of you might be exchanging Bcash (BCH) to BTC for the first time. Use this step by step guide for your purpose to do it cautiously because crypto transactions are irreversible.

Let’s get started:

How & Where To Exchange Bitcoin Cash (BCH) To Bitcoin Core?

Step #1.Changelly is my go-to service to exchange or swap one cryptocurrency to another easily and swiftly. Sign-up on Changelly using your email ID. At the start, you are not required to produce any KYC documents, but in the future, as your transaction volume increases, you might be required to provide some ID documents.

Step #2. Check your inbox once you have signed-up for Changelly. Confirm your subscription if you have received an email from Changelly. Ignore this step if you haven’t got any mail.

Step #3. Once you have logged-in to Changelly, you will see this screen. Enter the amount of BCH you want to convert to BTC. As you enter the amount, the BTC field will get auto-filled showing you the number of bitcoins you will get for this conversion.

Step #4. Now click on ‘Exchange Now’ button as shown in the above screen. As you do that you will see this screen showing you the high-level details of the conversion such as fees, exchange rate, time, etc. You can here too, change the amount of Bitcoin Cash that you wish to exchange for Bitcoin.

Step #5. Once you have checked the details, click on ‘Next Step’ as shown in the above image and you will see this next screen asking for your Bitcoin address. This is the address on which you will receive your bitcoins so enter this very cautiously as shown below.

Note: If you don’t have a Bitcoin address yet we recommend you to get one for yourself by choosing an appropriate Bitcoin wallet from this list of reliable wallets.

Step #6. Now click on ‘Next Step,’ and you will be shown on this screen. Check all the minute details of the exchange like time, fees, exchange rate, address, etc. This is the final check before you proceed for actual exchange, so do make sure to verify everything thoroughly.

Step #7. After checking the details, click on the ‘Confirm & Make Payment’ option shown in the above image. Once you do that you will see this screen asking you to deposit BCH coins on a particular address. Use your BCH wallet or exchange to send BCH on this address by either scanning the QR code or copying the address.

Step #8. Once you have transferred the funds to this address, it will run on autopilot. You will see this screen telling you about the exchange ‘Wait for exchange’. This wait time is basically for the BCH blockchain to confirm the transaction, and once sufficient confirmations are achieved, it will confirm.

The swapping process itself is almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:

• Getting confirmations
• Exchanging BCH to BTC
• Sending Bitcoin to your wallet

Step #9. Sit back, relax and do nothing. Just wait for your transaction to confirm and Changelly to exchange your BCH to BTC. Once that is done, you will automatically see this screen informing about the successful conversion. You can also check the actual transaction on the blockchain by clicking on ‘See transaction on the blockchain.’

Congratulations, Tada….!!! You have done it

Note: BCH to BTC conversion can take up to 3 hours because of the large number of confirmations that BCH exchanges are taking these days for precaution.

Conclusion: Convert or Exchange BCH To BTC-Is It Wise?

That’s how you can safely convert your Bitcoin Cash to Bitcoin core using Changelly. Changelly is a renowned name in cryptosphere serving the industry from 2015, so don’t worry about your funds as their support is quite supportive.

On the other hand, exchanging BCH to BTC is a wise call because I don’t think BCH will continue to exist in the top 10 currencies in the next ten years. Moreover, the grounds on which it was forked are already shaky, and there have been again a fork of BHC into BCH SV, which just increases the drama with no substance.

That’s why I think Bitcoin, which is the most liquid of all cryptos is a safer bet than Bitcoin cash.

Don’t forget to follow us on Twitter @themoneymonger for much such article’s updates

• Do you HODL bitcoins?
• Are you looking to cash out your bitcoins?

Well, if these questions resonate with you, then you are in the right place.

I believe some of you want to sell their bitcoins because of one of these reasons:

• You have now lost interest in Bitcoin.
• Or you think you have made enough returns out of your Bitcoin investment.

In any case, you just want to convert your BTC into cash either to realize profits or free up your stuck capital.

However, whatever your reason might be, I understand your stand as one might sometime feel the need for extra capital or would like to realize profits.

That’s why I think it is important to talk about the questions that come up while converting BTC into cash so that you don’t hit a road:

• How to get USD, EUR or GBP for Bitcoin?
• Where to cash out Bitcoin?
• Where to convert Bitcoin into fiat like USD, EUR, GBP, etc?
• How To Withdraw Bitcoins To Cash?

Bitcoin To Cash: How & Where To Convert Bitcoin Into Cash USD, EUR, GBP

So some of the exchanges that allow you to do so are:

These exchanges will help you cover most of Europe, the US, and the UK. Cashing out Bitcoin isn’t easy at it looks but for you we have found out some of the best ways through which you can convert your bitcoins into cash.

But before we get into the specifics of that, you need to decide how do you want your cash?

Do you want it in your bank account or you want the hard cash by meeting someone in person.

Or do you want to have other stuff in exchange for your bitcoins like gift cards or Amazon products from Purse.io?

For now, assuming that you want the cash in your hand or your bank account, let’s get started:

How & Where To Exchange Bitcoin For (or to) Real Cash Money Like US Dollars (USD), Pound Sterling (GBP), Euro (EUR), etc?

#1. Convert Bitcoin Into Cash Through A Fiat Supporting Exchange

It is highly likely that if you don’t have Bitcoin ATMs near you, you will be having fiat accepting Bitcoin exchanges in your country.

Using these exchanges, you can easily convert your bitcoins into cash like USD, EUR, or GBP. Of course, for this, you will be required to find such an exchange that deals in fiat and cryptocurrencies both.

You will also need to complete your KYC on such exchanges before you can exchange BTC to cash because fiat currency laws in most countries want exchanges to adhere to this policy.

Of course, I understand that I have not listed all the countries here but in reality, not all countries have such fiat linked cryptocurrency exchanges.

So for residents of those countries, I will be listing another method through which they can meet Bitcoin buyers/sellers in their country to cash out their bitcoins.

#2. Meet & Trade In-Person To Get Cash Through LocalBitcoins

For those BTC holders who have neither crypto exchanges nor Bitcoin ATMs in their country can exchange BTC for cash through LocalBitcoins.

LocalBitcoins is a peer to peer Bitcoin exchange service based out of Finland. LocalBitcoins is an escrowed service that has garnered quite a bit reputation since 2012 as the most liquid P2P Bitcoin exchange.

On LocalBitcoins you will a no-ground network of Bitcoin buyers and sellers in 16537 cities and 248 countries including your country too.

It gets better:

Through LocalBitcoins, you can meet the buyers and sellers in-person to negotiate and execute a Bitcoin trade. Moreover, when you are cashing out BTC you have a lot many options to receive your cash ( SEPA Transfer, bank deposit, PayPal, Payoneer, cash).

Getting started with LocalBitcoins is also easy as it only takes your email ID to begin with. After which you can explore the simple and intuitive UI of LocalBitcoins to filter out relevant buy/sell deals for yourself.

Note: Be sure to check the reputation of the buyer/seller before you decide to pick up a deal on LocalBitcoins and never release your bitcoins without confirming your payment receipt.

And just when I am completing this, I am realizing that there might be another category of Bitcoiners who would be thinking to cash out Bitcoin to short it and buy back when the price is lower.

For those kinds of Bitcoin users converting Bitcoin into cash might not be the ideal thing and that’s why such types of users prefer converting Bitcoin to USDT like stablecoins.

And hence I am sharing a bonus method just to do the same.

#3. Convert Bitcoin To USDT or Stablecoin like TUSD etc

Anyone who wants to cash Bitcoin and not get into KYC like things can do so by cashing out in fiat digital currencies, i.e., Stablecoins like USDT, TUSD, etc.

Here are some of the popular exchanges that will let your convert BTC to USDT or similar stablecoins:

• Binance: Supported pairs are BTC/USDT, TUSD/BTC
• BitBay: Supported pairs are XMR/BTC
• Huobi: Supported pairs are BTC/USDT
• Gate.io: Supported pairs are BTC/USDT

This method will reduce your headache of dealing with KYC and other banking problems which you might run into when trying to cash out your bitcoins through fiat linked crypto exchanges.

*****4. Bonus: Cashout Bitcoins Through A Bitcoin ATM

One of the easiest ways to convert Bitcoin to cash is through Bitcoin ATMs.

For those of you who don’t know about Bitcoin ATMs, here is a simple explanation of it:

Bitcoin ATMs are much like traditional exchanges from where you can either get cash for Bitcoin, or you can get Bitcoin for cash. This method is usually anonymous and requires you to have a Bitcoin wallet in case you are receiving Bitcoin or selling it.

A Bitcoin ATM asks you to scan its public address, and when you have transferred BTCs to that address, it splits out equivalent fiat.

For this, you first need to make sure that you have a Bitcoin ATM nearby and that you can do it through the Coin ATM Radar service.

Using Coin ATM Radar, you can find out nearby Bitcoin ATMs and check its exchange rates as well as transaction fees. For example, this Bitcoin ATM in Chicoutimi at Place du Royaume has these specs:

• ATM Type: Genesis Coin
• Direction: Fiat ⇄ Crypto
• Fees: Buy 13.0%, Sell 16.9% from BitcoinAverage Fees updated: 12 minutes ago.
• Limits: Buy: $10000/txn, Sell: $2900/txn

So this is how you can get fiat for Bitcoin through a Bitcoin ATM.

But just after writing this, I realized that not everyone would be able to find Bitcoin ATMs nearby.

That’s because there are only a few Bitcoin ATMs around the world as of now and that brings me to my next section which is a much easier way to convert BTC to fiat if you don’t have ATMs nearby you.

Conclusion: How To Convert Bitcoins to cash

These are some of the best methods that you can use to cash out your bitcoins for fiat currencies like USD, EUR, CNY, or GBP.

However, I understand that many countries are still left untouched by the methods I have listed above and to name a few such as Australia, Zimbabwe, Argentina, etc.

For these countries and other left-out countries, TheMoneyMongers plans to bring a comprehensive list of resources using which they will be able to buy/sell Bitcoin in their respective countries.

We intend to start first with first and second world countries such as listed below. After which we will finally make our way for third world countries, who actually need Bitcoin the most.

• The USA
• India
• Europe
• Australia
• China
• Japan

So untill we do so, I want to leave you with answers of few frequently asked questions (FAQs) to help you relax in order to exchange your bitcoins to cash:

Q1) Can You Exchange Bitcoin for US Dollars (USD), Pound Sterling (GBP), Euro (EUR), CAD, etc?

Yes, you can very well exchange Bitcoin for various fiat currencies like USD, GBP, or EUR. There are more fiat currencies to which you can convert according to the country where you are residing.

How To Turn Bitcoin Into Cash

Q2) How To Convert Bitcoins To Cash Anonymously?

This part is a bit tricky as there aren’t many services that you can use to convert BTC to cash anonymously. But you can definitely try LocalBitcoins with an alias name and identity to meet someone in person to exchange BTC to cash

So that’s all from our side in this round-up and I hope you liked this? If you did !! Do share it with your friends on social media who want to buy or sell Bitcoin !!

Note: Better than selling and cashing out your bitcoins, you can always take Bitcoin loans on your BTC holdings. Here is how you do that !!

Also, If you need some direction, feel free to contact us at @themoneymongers.

Contents

How To Convert Bitcoin Into Dollars

• Bitcoin To Cash: How & Where To Convert Bitcoin Into Cash USD, EUR, GBP
  • Conclusion: How To Convert Bitcoins to cash