The biggest drawback of this page is that the price of the cryptocurrency sales is usually more expensive than in the market since here the sellers are the ones who mark the price, although if your interest is to sell, a greater benefit will be obtained. To convert bitcoin into real money, you just have to register on the page and put the offer with the price that you want to sell the cryptocurrencies with and the payment methods that you accept.
Localbitcoins will then indicate the closest people both for the purchase and for the sale of cryptocurrencies. It is a worldwide platform, where you only have to search if,0 in the place where you want to make the exchange, there is someone interested in selling or buying bitcoin. This platform allows you to buy and sell bitcoin to other people, either through bank transfer, in person, by Hal-Cash or Paypal, among other options. Peer to peer platformsĪs for P2P platforms to convert bitcoin to euros, Localbitcoins is the best known. Once the data has been verified (this process usually lasts several days until they verify that the data is real) you can send the money to the bank account and convert the bitcoins to real money.
#BIT COIN TO MONEY TRANSLATOR VERIFICATION#
In order to carry out this change to fiat money, the exchanges usually request a prior verification of data, such as the telephone, address and a picture of the passport or id. Once the change has been made and the euros, dollars or fiduciary currency that we want in the withdrawal section of the chosen platform appear, we must transfer the money to our bank account. The most known platforms that allow this change are: Bitfinex, Bitstamp, GDAX, Gemini, Kraken, CEX.IO. The most known platforms that allow this change are: Kraken, Bitstamp, GDAX and Bitfinex.
The second point to consider is whether the platform will allow sending those funds in Fiat money directly to our bank account or if they only allow us to send that money to another wallet. Bitcoin’s most common Par (fiat) is the dollar (USD), which is usually available in almost all Exchanges.īe careful not to confuse the USD pair with the USDT (Tether), the Tether is a cryptocurrency with a value equivalent to the dollar, but it is still a cryptocurrency, therefore if you want to exchange to real money it should be exchanged to USD or EURO. This means that if our goal is to change Bitcoin to Euros, the Exchangemust have that option, because otherwise, it will be impossible to make the change. 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 convert.
#BIT COIN TO MONEY TRANSLATOR HOW TO#
There are several options to convert bitcoins into real money, such as Bitcoin ATMs, Exchanges, Bitcoin buying and selling platforms, Debit cards, Peer to peer sales … etc., today we will show you how to do it, where and what precautions should be taken. Where and how can I turn bitcoin into cash? It is the first question that comes to mind when we want to invest in bitcoin or other cryptocurrencies and we must know the answers. Surely if you have ever talked to a family member or friend about investing in bitcoin or cryptocurrencies, the first thing they asked you is what they are, and then … How can I convert bitcoins into real money? After converting bitcoin into cash, how do we receive its payment?.
How do I change Bitcoin to real money with HalCash?.Where and how can I turn bitcoin into cash?.
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