One is to check reputable sources for reviews that verify the integrity of a given site. Another way is to ensure that the site the service manages uses https as opposed to the less secure http in their URL. Finally, use a conversion service that allows two-factor identification, ensuring that only you will be able to approve bitcoin conversions.
Select a service that offers low transfer times. Some sites transfer bitcoins to your account after 5 days, but faster services could convert your bitcoins to dollars in 3 days or less. Part 2 of Sign up for an account. Signing up for an account involves providing your name, date of birth, address, email address, phone number, and other personal information. Select the strongest security options when you sign up.
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You might also want to enable a multi-signature option, which requires multiple independent approvals before making a bitcoin conversion or withdrawal. Deposit your bitcoins in the marketplace. The specific mechanism by which you deposit your bitcoins will vary depending on how your bitcoins are currently stored.
Typically, depositing your bitcoins is as easy as clicking "Deposit bitcoins" or something similar near the top of the marketplace's home page. Part 3 of Convert your bitcoins when the exchange rate is favorable.
Over time, exchange rates rise and fall. Wait to exchange your bitcoins until the corresponding dollar value rises. Check the exchange rate regularly online or sign up for a service that updates you on the bitcoin-to-dollar exchange rate so you'll know when it improves. Sell your bitcoins in the marketplace. Some marketplaces allow you to sell your bitcoins to another person. Others allow you to sell them directly to the marketplace, which will then resell them to interested buyers later. In either case, the specific method you use to sell your bitcoins will vary somewhat depending on the marketplace you use.
Put your bitcoins on a debit card. Some marketplaces enable you to load your bitcoins onto a debit card that automatically converts them to dollars. You might be able to get a digital debit card, which simply provides you with a string of numbers you can use for online purchases that require dollars, or you could get a regular debit card in the mail.
Transfer your bitcoins to another digital wallet. Some bitcoin conversion services allow you to convert your bitcoins to dollars by transferring them to PayPal, Apple Pay, or similar services. If this is the way you want to convert your bitcoins to dollars, set your payout method to the digital wallet you want to use.
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Then, simply sell or transfer your bitcoins to the service of your choice through the marketplace menus. Converting bitcoins to dollars by transferring them to a digital wallet often has higher fees and lower limits than transferring them to your bank account. Like all currencies, the conversion rate for bitcoins fluctuates regularly. Run a search through your preferred search engine to determine the current conversion rate.
Not Helpful 19 Helpful Not Helpful 8 Helpful Not Helpful 5 Helpful Not Helpful 45 Helpful Nishizaka Steel Company. Their service is very fast, and they require no ID. Not Helpful 17 Helpful Include your email address to get a message when this question is answered. Helpful 0 Not Helpful 0. Bitstamp, Wirex, and Coinbase are just a few of the many services that enable you to convert bitcoins to dollars. Related wikiHows How to. How to. About This Article. Co-authored by:.
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Co-authors: Updated: February 9, Categories: Bitcoin. Article Summary X To convert bitcoins to dollars, choose a reputable bitcoin marketplace service with low fees and transfer times. Deutsch: Bitcoins in Euro umwandeln. Bahasa Indonesia: Mengonversi Bitcoin ke Dolar. Nederlands: Bitcoins omzetten naar dollars. Thanks to all authors for creating a page that has been read , times. I am a complete novice and it explained it in clear and simple terms.
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More reader stories Hide reader stories. Did this article help you? Cookies make wikiHow better. By continuing to use our site, you agree to our cookie policy. Another option is to type a specific number of bitcoins and a certain currency in Google's search field. For example, type the phrase " bitcoins dollars," and Google tells you how much bitcoins are worth in US dollars. Mobile users can also tap into the Google app to perform the currency conversion, a Google rep informed CoinDesk.
Bitcoin Calculator - Convert Bitcoin into any World Currency
Open the Google app on your mobile device. You can then type or speak your currency question.
For example, ask Google "How many bitcoins are in U. A disclaimer by Google notes that the bitcoin price listed in the search results may not reflect the actual real-time value. Google's move to incorporate bitcoin in its currency conversion follows a similar gesture by Microsoft's Bing in February. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy , which we encourage you to read. Discussion threads can be closed at any time at our discretion.
Google adds bitcoin to its currency conversion The search giant will tell you how much your bitcoins are worth in another currency -- and vice versa. Lance Whitney. July 16, a. You can now ask Google. Discuss: Google adds bitcoin to its currency conversion.
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