**How to convert Bitcoin into cash?**

in #bitcoin6 years ago

Turning Bitcoin into Cash
For cryptocurrency newcomers, one of the most common things they want to understand is how to cash out Bitcoin or withdraw from Bitcoins to fiat currency (USD, EUR, Etc.).
Regardless of the reasons, a time may come where you want to turn your Bitcoin into government issued currency.
So how exactly can you get fiat cash or dollars for your Bitcoin?
How to Turn Bitcoin into USD or other Fiat Currencies
When it comes to selling your Bitcoin, you essentially have two options. And although they both have their advantages and disadvantages both suffer from the same challenges such as lack of mass user awareness and unclear remediation processes.
Sell Bitcoin Through an Exchange
By far the most popular way of turning Bitcoin into fiat currency is through centralized exchanges such as Coinbase and Gemini .
With sleek user interfaces and KYC (Know Your Customer) processes required as part of account creation, these exchanges will let you link your funding bank account for withdrawal making the process easy and painless.
How to turn Bitcoin into USD through Coinbase
So, you have your Coinbase wallet with your Bitcoin sitting in it and you are ready to send your funds back to your local bank account. Follow these steps:
Navigate to the Buy / Sell section of your wallet
After you are in the sell section of the wallet, you can select the wallet you wish to sell from and the bank account you wish to deposit to.
Decide how much you want to cash out
Enter the amount of USD that you are wanting to get from selling your BTC. When you enter this amount of USD Coinbase will automatically calculate the amount of BTC it would cost to get that corresponding amount of USD.
If you don’t have the amount of Bitcoin in your wallet? Coinbase will notify you telling you to enter a new amount. image

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