cash your Bytecoin coins (BCN) mined with Minergate into real money ( the only way available after Changelly remove it from the Exchange platform)
How to withdraw you Bytecoin ( BCN) mining profit in BTC or CASH
Beytecoin ( BCN) is an anonymous cryptocurrency which makes it untraceable, its first appearance in the digital coin world was back on 2012. BCN is well known by how easy to mine with just a CPU, that what makes it the public favorite coin to mine with a computer ( no Rig or GPU cart needed). with just 3.2 Mega Hash mining difficulty in the second & the ability to mine it on Minergate platform had increased the circulating coin supply up to 183 bln over taking Dodge coin & listed as 24 in the Market Cap ranking. As miners are familiar with BCN Low Difficulty Hash, also they faced hard to withdraw bytecoin to another major coin BTC, ETH, DASH, XMR), specially, After Poloniex/ BCN wallet transaction was disabled for the last 6 month ( the only exchange platform that accepts BCN beside Changelly, platform owned by Minergate team). Today, Changelly ( Minergate exchange platform) had removed BCN from the traded coin list, even if it still listed, you must have over 14000 Coin for minimal convert.Luckily, Poloniex/BCN wallet transaction has back to work after a long time being disabled.
So, in the Following step, I will illustrate all process to cash your BCN to BTC or CASH ( as you like).
1/ Withdraw your balance from Minergate account to Poloniex Platform wallet:
Changelly exchange platform was the only solution to convert BCN to other coin but it requires a minimum of 14000 bitcoin to provide the transaction. After enabling poloniex/BCN transaction, it offers a new method to convert your BCN coins. You just need 100 coins ( minimal) on your minergate account & you are registered on poloniex with a verified email.
a/ log in to you minergate account>> click on dashboard, >>>go BCN section & choose withdraw.
b/ go to your Poloniex account >> select depost & withdraw from balance section >> look for BNC & click deposit.
c/ Clicking on Deposit (1) will show up the Bytecoin Payment ID, you need also the BCN address, You can get that by clicking on showing me The deposit address ( 2).
you need both Payment ID and BCN address to generate a successful transication d/ now copy the Payment ID & BCN address and past the on Minergate BCN withdraw window ( A to A section & B TO B section ).
e/ go back to Minergate>> setup BCN the amount you want to send>> choose the FEE option ( include= cut out from the amount sent / Exclude= pay a fee from your Minergate BCN balance account) past your ID & BCN address payment in the specific section.
NOTE: The transaction will take about 6 H to 15 H, So there's no reason to panic if it takes much time to achieve the Poloniex BCN wallet, Eventually, your coins will arrive.
2/ cash your BCN using any ATM support Visa card:
In order to our Bytecoins to Fiat cash, we need to convert our BCN coins to Bitcoin before withdrawing your funds to cash, to do that you need to follow the next steps:
1/ After your receive you BCN coins on Poloniex wallet, you can go and exchange it with BTC.
2/ now, we must open a new account on
, a Bitcoin payment company ( don't require any ID verification, you just need to verifier your email but ID info will give you more options like Withdraw limit). after the registration, you will receive a virtual card and with 7 $ you can have a plastic one to withdraw your money from any visa ATM.
Another good way to withdraw your BTC from any ATM, a payment service called TENX, you can convert your BTC, ETH or Dash to USD using TENX CARD. A solution had proven it legibility in various situations or
.
2/ cash your BCN from your local Bank
It seems Paysera is the only online service that allows you to withdraw your BTC, although with providing the ATM solution as Wirex & Tenx, it also has the possibility to link your Paysera wallet with your bank account, enabling transferring your funds ( as it accepts BTC) via the SWIFT technology.
