Aug 19,  · The popular exchange Coinbase (available in countries worldwide) allows you to connect your Coinbase account with your PayPal account. While you won’t be able to buy Bitcoins this way, you will be able to sell Bitcoins on Coinbase and withdraw the funds to your Paypal account. This feature is available in the US, UK, and the EU. Dec 27,  · There is a growing number of Bitcoin ATMs, which are Internet-connected machines that allow people to exchange Bitcoins for cash, and vice versa. . Nov 19,  · Step 1: Set up an exchange account The simplest and most “automated” way to turn your Bitcoin into hard cash is through an exchange platform. They act as a middleman for the famously decentralized Author: Jon Martindale.

How to exchange your bitcoins for cash

How to Sell Bitcoin | Digital Trends

If you need help on how to do this, view our guide here. If you have already done this, proceed to step 2! Once you have set up your account, you will need to send your Bitcoin to your Coinbase Bitcoin address!

You will then be shown your Bitcoin Coinbase wallet address. This is the address you need to send your Bitcoin to. Next, click on Sell. The next step on how to cash out Bitcoin is in the wallet. Assuming you have now sent your Bitcoin to your Coinbase wallet, you should see your Bitcoin wallet and your default fiat currency here.

This will change depending on where you are located. For example, U. You will also see your withdrawal limit. If you have already verified your account, your limits will be quite high. However, if you need to increase this, click on See Limits and follow the additional verification instructions!

Before you can withdraw, you need to exchange your Bitcoin to your local currency. Enter the amount of Bitcoin that you wish to sell, and the fiat currency equivalent will update. Once you click on Sell Bitcoin Instantly , your funds will now be in your fiat currency wallet. Ok, so we are at the final step on how to cash out Bitcoin to your bank account.

Your bank account details will already be saved from when you set it up earlier. Another popular choice for Bitcoin sellers is Kraken!

Kraken is another popular exchange that allows fiat currency deposits and withdrawals. It has been around since , and processes the most Bitcoin to Euro transactions. Now that you know how to cash out Bitcoin using a broker, let me show you how to do it using a peer-to-peer exchange.

There are a few to choose from, however, the one I most recommend is Local Bitcoins. LocalBitcoins was created in and now supports almost every country in the world. So, no matter where you are from, you should be able to find buyers to sell your Bitcoin to. The great thing about P2P is that you can request any payment method you want. Here are some examples of the different payment methods available on LocalBitcoins:. Sellers who know how to cash out Bitcoin can also choose the price they would like to sell their Bitcoin for.

However, if you sell to a buyer that has listed the price they want to pay, there are no fees. There is also a rating system like eBay, where you can leave feedback for the buyer or seller. This helps you to remain safe when choosing a buyer. Local Bitcoins allows you to stay anonymous, too when choosing such payment methods as web money or gift vouchers , especially if you also use a reliable and safe VPN to secure your connection. However, some sellers decide to ask new buyers those who have no feedback to supply identification.

First, you will need to open an account at Local Bitcoins. You can do this by clicking here. Choose a username and a strong password. You also need to enter and confirm your email address. Then you need to choose the country where your ideal buyers are located. I recommend using your own country of course , however, this is up to you. In this example, I have selected the UK. You also need to enter the amount of Bitcoin you wish to sell.

In this example, I will show you how to cash out Bitcoin using PayPal. This is a sign of a serious, legitimate buyer. Confirm the amount of Bitcoin you want to sell and enter your PayPal email address. Then click on Send Trade Request. Your buyer will then receive a notification to say that you would like to sell your Bitcoins to them. Once they accept, you will then send your Bitcoins to the LocalBitcoins escrow I explained an escrow earlier, remember? So, the buyer will not receive your Bitcoins until they have paid you, and you confirm they have done so.

You can make the exchange anonymously with private and experienced sellers. And in some areas, it might be the only way to exchange Bitcoin where exchanges are not available.

Get started here. LocalBitcoins displays advertisements from users, who state exchange rates and payment methods for buying or selling Bitcoins.

Other users may reply to these advertisements and negotiate the terms of trade. LocalBitcoins acts as an intermediary, providing an escrow and conflict-resolution service, in addition to the platform itself. Most local trades using LocalBitcoins happen in larger cities. Bitcoin platforms are growing in numbers. Learn how to set up a bitcoin checking account to gain the advantages of purchasing and trading bitcoin. Looking for a bitcoin-friendly bank?

This article will answer those questions. Advertiser Disclosure. Banks Editorial Team March 27, You may also like. What Is Bitcoin?

How To Convert Bitcoin To Cash Step 3: Place a sell order

Nov 19,  · Withdrawal Methods: Coinbase lets you sell Bitcoins for cash, which you can then withdraw into your bank account. You can only cash out your Bitcoin into a bank account that you have already used to buy cryptocurrency on Coinbase. So, if you haven’t done this yet, I recommend purchasing a small amount of cryptocurrency first. Nov 19,  · Step 1: Set up an exchange account The simplest and most “automated” way to turn your Bitcoin into hard cash is through an exchange platform. They act as a middleman for the famously decentralized Author: Jon Martindale. Jan 13,  · Bitcoin ATMs are available in most major cities around the world and provide a relatively fast way to convert Bitcoin and other cryptocurrencies into government-issued currency. Many Bitcoin ATMs let you buy Bitcoin in much the same way that you deposit money at a regular ATM. Tags:Stock market today bitcoin, Usmarkets bitcoin, Bitcoin rigs price, Bitcoin wallet address private key finder, Strato bitcoin mining