• 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:

Active Oldest Votes. The only way to exchange Bitcoin for cash is to find someone willing to trade. In person, this can be slightly inconvenient, since verifying that the Bitcoin have been received involves waiting for confirmations from the Bitcoin network. This is true even if you exchange Bitcoin by sharing the private key to your Bitcoin address, since the recipient will still have to transfer the. The Dogecar, in all its glory. Chris Graythen / Getty Images The next big thing. Dogecoin is a cryptocurrency, a form of digital money that, much like bitcoin, enables peer-to-peer transactions. I am going to show you many ways on how to get cash for Bitcoins investment, and actually change that digital currency into real cash, or fiat money in the bank account. In the world today, everybody is caught up one way, or the other in this cryptocurrency investment and trading thing. What is bitcoin? Simply put, bitcoin is a decentralised digital currency. You can use it to transfer money online without going through a bank or payment provider, or as an investment. Using Exchanges is one of the most common ways to convert bitcoin into real money, for this, the most important point that must be taken into account is that the Exchange where you want to exchange bitcoin or other cryptocurrency for fiduciary money, has the Cripto / Fiat pair that you want to.

• 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?

Is Bitcoin Real Money

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.

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

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

How To Convert Bitcoin Into Real Money

Let me guess… It’s time for you to convert and cash out your bitcoin into traditional cash bills like; Pound, Dollar or Naira, right?

Do you want to know how to turn your Bitcoins into cash?

Are you looking for the best place to sell Bitcoin for real money?

Oh i get it… you want to start trading bitcoins for cash, right?

Don’t do anything about converting your bitcoin to cash yet – at least, not until you must have gone through this whole tutorial to understand how to get cash from Bitcoin instantly.

Prolly, you have intention of making money online by selling Bitcoins for USD, but you need to know how Bitcoin converts to real money that can be withdrawn – that’s why you’ve started searching for how to cash out of cryptocurrency into cash.

Well, it will be very good to count yourself as being one of the luckiest investors by landing on my blog this time around today.

I am going to show you many ways on how to get cash for Bitcoins investment, and actually change that digital currency into real cash, or fiat money in the bank account.

In the world today, everybody is caught up one way, or the other in this cryptocurrency investment and trading thing. And the most asked questions are;

1. Have you invested in bitcoin?
2. How do you make money online with bitcoin?
3. How do you cash out your bitcoin investment proceeds?

How To Turn Bitcoin Into Cash

Anyways, there’s no way it will not become a trend, since it’s far better than Gold, or the traditional fiat currency, and that’s not to mention it’s limited supply, which also suggest its future growth by economic laws and guides.

If you would like to know more about bitcoins and how it originated, simply read beginner’s guide on bitcoin.

Since 2009, the value of the bitcoin cryptocurrency has increased to pass that of Gold, and any of the traditional fiat currencies in so many ways.

Many companies and startups these days, are beginning to accept Bitcoin as a mode of payment. Examples are: Amazon, Ebay, ASOS etc.

I wrote a post on how cryptocurrencies are being valued, and how their valuation increase within time. Bitcoin crypto and all other cryptocurrencies (known as Altcoins) increase in value within time.

How is Bitcoin converted to cash?

It’s only when bitcoin value has increased, that is when profit comes in, and that is when most investors deem fit to withdraw their profit yields.

To realize the profits, you will need how to sell Bitcoins for USD, or convert the BTC to any of fiat currency guide acceptable in the region you’re situated, so questions that come to mind when someone is about to sell bitcoins for cash are as follows:

• How to convert Bitcoin to Euro (EUR), Pound (GBP), Dollars (USD) or Naira?
• What is the fastest way to cash out Bitcoin?
• How can Bitcoin be converted into cash?
• How do you convert Bitcoin to cash?
• How do you trade Bitcoins for cash?
• Can Bitcoin be turned into cash?
• Can i turn my Bitcoins into cash?
• Can you turn Bitcoins into cash?

Well, there are easy ways you can convert Bitcoins to Dollars, Euro, Pounds, Rupee, or Naira and as you read further, am going to discuss some of the best way to withdraw Bitcoin.

How do you cash in Bitcoin?

However, before you choose any of the methods we’re going to discuss in this post of how to withdraw bitcoins to cash, you’ll first of all need to consider, or find out how you want to receive your money as the aim to sell Bitcoin for cash has been finally achieved.

To be honest, you can actually sell your bitcoin investment in person-to-person transaction, or you can also make use of crypto exchanges to sell it and redeeming bitcoins for cash directly, as well as deposited into your bank account.

Additionally, you can even use Bitcoin cryptocurrency to buy goods from online merchants like Amazon for instance. Amazon uses a service known as Purse.io for this particular purpose.

Well, I presume the reason you’re here today, is to know how you can have your BTC converted to physical cash, or which will be transferred into the bank account of your choice.

Now let’s get straight into discussing of the methods you can get your BTC converted to fiat currencies.

Via Exchanges that Accepts Fiat

This is one of the easiest ways to get your Bitcoin cryptocurrency to be sold for fiat cash like; Dollars, Euros, Pounds and Naira.

There are many exchanges that accept fiat exchange for bitcoins, but you will have to find out the one that works perfectly in your country or region.

Examples are:

• Coinbase – USD/EUR
• BitMex – USD
• Kraken – USD/EUR
• BitFinex – USD/EUR
• BitFlyer – USD/EUR
• Luno – USD/NGN
• NairaEx – NGN

Mind you that some of the exchanges listed above may not be working globally, so you really need to check thoroughly before having your bitcoin investment transferred to them for conversion into fiat cash currency.

This can be said to be very risky, if don’t check very well before trying to use an exchange to cash out Bitcoins to real money.

If you happen to be a Nigerian, you can always make use of Luno to sell bitcoins instantly. Cashing bitcoins with Luno exchange is very easy, thought a withdrawal fee will be deducted during the process.

Talking about how to cash out large amounts of bitcoin, if you’re into crypto trading, there is yet another easy option using P2P buying and selling of Bitcoins with a platform known to be globally recognize, and that’s what brings me to the next option.

Via LocalBitcoins P2P platform

LocalBitcoins is a popular P2P exchange platform, and Bitcoin start-up specifically establishes to make it very easy to exchange the crypto-coin among the users. LBC is based in Helsinki, Finland, and it’s been in operation since 2012.

It has users as buyers and seller in over 15,000 cities across 248 countries in the world. No doubt, you will definitely find buyers in your own country when you register an account on the platform.

Why many bitcoin traders who mostly search for; ‘how to cash out bitcoins to PayPal’, like using LocalBitcoins, is because you’ll always deal with a buyer or seller directly – plus you can as well receive your money in any supported currency format of your choice.

Examples of currency formats you can receive the money you converted using LBC are; Bank Fiat Deposit, Bank Cash Transfer, PayPal and Payoneer.

This is exactly why LocalBitcoins is one of the most preferred choices for those investors that doesn’t want to be using crypto exchanges. You can get to meet both buyers and sellers online, and transact offline. The money for transaction can be paid in cash or wired.

Even if you are looking for how to convert bitcoins to cash anonymously, just Register an account with LocalBitcoins to start exchanging BTC to cash.

However, be sure to check the buyer/seller reputation first before making trades. The higher the reputation, the more secured and trustworthy a seller/buyer will be.

Using Bitcoin Debit Card/ATM

Are you in a country that doesn’t have all these BTC to USD exchanges listed above already? And you wonder how to convert bitcoins to cash anonymously?

This is the only way you can convert that your BTC to cash bills, without having to submit all the documents requested by some other platforms.

Turning Bitcoin Into Real Money

Well, there are ways available for you to transfer bitcoin to your cash bank account. You should also check to see countries that have Bitcoin ATMs in the world.

There are even services like VirWox that issues Bitcoin credit cards for using BTC to buy items online, where debit/credit cards are needed online.

Via Digital Fiat Currency

If you’re not all that hasty in having your Bitcoins converted to traditional cash equivalent of your base country, and you may want to avoid tax liabilities, you can simply convert the BTC cryptocurrency to USDT (known as Tether).

USDT is more like having your bitcoins converted to traditional money, but this time it’s still going to be in a cryptocurrency trading platform that supports Tether coins. This is a way to avoid taxes due to movement of cash to-and-fro your bank account often.

Also, you need not worry about volatility of cryptocurencies when you switch to USDT, because it always keep up parity with real US dollars, hence maintaining its value of $1 per USDT always.

This will also cut 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.

Good thing about USDT is that unlike many fiat exchanges, USDT is supported by many exchanges across the world. But the best i have used this feature of intermediate conversion to USDT myself is Binance.

Trade gift-cards for Bitcoin

If you’re up for how to instantly sell, or convert bitcoins to cash anonymously, many big companies like Amazon and Overstock accepts bitcoin as a mode of payment on their platform.

What you need to leverage this method, is simply by purchasing any of high-demand products like, mobile phones from Amazon third-party site, Gyft, which provides a great way how to buy gift cards online for retailers like Amazon, Starbucks, and iTunes with Bitcoins.

Then you can still retail the already bought items for cash on the main amazon e-commerce site. This way you can cash out large amounts of bitcoin anonymously.

Conclusion on how to cashout Bitcoin

Just know that there’s no other ways to convert Bitcoins into cash without following these methods above, because they are the most simplest and easiest ways you can convert Bitcoin to real cash like; GPB, USD, NGN, or any other fiat cash of your desired country.

While you may want to keep your investment till it increases in value, so you can make profit while you sell Bitcoin to cash, i will advice you to always store your coins in a secure cryptocurrency wallet.

Bitcoin hardware wallet such as Ledger, is designed to hold or store your investment asset in offline mode, using the heuristic deterministic (HD) feature for encryption.

Visit Ledger official website to see some other models of the branded cryptocurrency wallets you can buy.

Beware of taxes whenever you want to bitcoin to cash. There are some Bitcoin to cash converter tools you can use to calculate the tax you need to pay for any amount of cryptocurrency that you may have converted into fiat cash currency.

Beware of crypto-scams that may ask you to use their wallet software, and do not disclose your private keys to anyone – not even your family, as that it will grant full control of your bitcoin investment.

Good-luck as your continue to invest in bitcoin cryptocurrency for making cash profits.