Do you know how to convert Bitcoin into cash?steemCreated with Sketch.

in #bitcoin7 years ago

Cryptocurrency is now in the spotlight and this is easy understandable. As more and more cash (fiat) is pumped into the market and huge profits are often made overnight, you are probably wondering how you can reverse the Bitcoin investment back into USD. Fortunately, there are a few good and fast solutions to do that:

btc to usd.png

  1. Kraken.com​
    ​ Kraken is one of the top five most popular and trusted exchanges on the market that gives you the possibility to exchange between Bitcoin and EUR and vice-versa. You have several options to do that, however I like best the one that allows you to send fiat directly to your bank account.​
  2. Bitstamp.com
    Mainly the same as Kraken, Bitstamp is an exchange that also allows you to exchange Bitcoin into fiat and then transfer it to your bank account.
  3. Gemini.com
    Gemini is a fully regulated, fully compliant, New York-based digital asset exchange for both individuals and institutions. It allows you to exchange Bitcoin or Ethereum into USD.
  4. Bitpanda.com
    Bitpanda is Europe's most popular service to buy and sell bitcoin and Ethereum. It allows you to buy Bitcoin and Ethereum with your credit card and also sell Bitcoin instantly to your bank account.
  5. HitBTC.com
    Not my piece of cake in terms of user experience and graphics, but besides allowing you to withdraw fiat into your account this exchange is always an early adopter when it comes to new tokens and assets. So give it a shot and sign up to their exchange also.
  6. Localbitcoins.com
    If you are in a hurry and wish to trade fast, you can visit Localbitcoins.com. It allows you to trade bitcoins in 15000 cities and 251 countries. You just enter your location and it will show you people around you that are interested in buying Bitcoin instantly in the exchange of cash.

Very promising future projects:
TenX, Monaco and BitPay are companies that are now trying to implement credit cards that are linked to your cryptocurrency wallets, so you can use them to pay directly to the corner store. Another project that is actually my favorite is Revolut. They have a brilliant mobile app and have lately stated they will soon introduce Bitcoin exchange in the app.

Hope you enjoy my post.

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Regards!

CryptoGuru

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