Best place to convert btc to usd

Follow the instructions provided by the exchange to sell your BCH through their platform. The exchange will then buy your BCH and send payment in your chosen currency to your bank account, minus the fee that they charge for this service. Through a trading platform You can also sell the BCH in your digital wallet through a peer-to-peer trading platform, such as Local.

This can include in-person cash payments or online payments such as bank transfers.

Bitcoin to United States dollar (BTC to USD)

Fees are significantly lower on these trading platforms, meaning you get to keep more of the money you earn. Was this helpful? Related guides What you need to know when choosing the exchange: fees, rules, limits How to Choose the Best Bitcoin Exchange Learn more. Bitcoin security How can I keep my Bitcoin more secure?

How to Cash Out Bitcoin: How to Do It Easily

Learn more. Get the latest Bitcoin news in your inbox. The intermediary platform charges a fee for facilitating the transactions. Then, you are required to post the Bitcoins to be sold so that the facilitating selling platform can identify a buyer and initiate the transaction. Once the potential buyer is identified, he is required to send the ordered amount in fiat for the Bitcoins on sale before they are deposited into his wallet.

The process ends with the amount your Bitcoin fetched being deposited into your bank account and the digital coins being transferred to the buyer. Note that the amount you will receive is less the transaction fee for the facilitating platform. One of the companies that use this method is Coinbase exchange.

Best Way to Sell Bitcoin in Each Country

Coinbase has indeed simplified the process so much that you can turn Bitcoin to USD with just a few clicks. They even allow Bitcoin owners to cash them out promptly using mobile phones. The transaction fee at Coinbase varies depending on the amount under consideration. If you feel that the transaction fee charged by most exchanges is too high, one of the alternatives of how to turn Bitcoin into cash is selling directly to clients. One of these methods is using financial services that allow the seller and buyer to interact on a peer2peer basis.

The services are designed to help automate the detect geolocation and outline actual offers in your area. One of the services using this model is LocalBitcoins. The second step is sending the Bitcoin you intend to sell to the wallet you have just created.

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Then, you select the amount you want to sell Bitcoin for and select the preferred method of payment. See the caption below of the interface snippet from LocalBitcoins. For a step-by-step guide in video format on how to sell Bitcoins for cash, follow the link below:. It is also possible to find buyers on cryptocurrency forums such as Reddit and BitcoinTalk and agree on the terms of payments. However, such methods are highly risky and should only be used with great caution because they lack advanced operational guarantees such as those available on other platforms such as Kraken. Rather than trading directly with another person, some people opt to convert Bitcoins into cash by using trading platforms that combine crypto and forex trading exchanges.

These platforms require users to start by registering accounts and verifying them using government-recognized info such as a phone number and date of birth.

Convert BTC to USD, sell Bitcoin for US dollars | Mt Pelerin

Then, the Bitcoin holder has to deposit the coins on the exchange account, place a sell order stating the preferred currency of payment and price. When a matching buy order is placed, the transaction is completed.

• Buy Bitcoin with Currency.com.
• How to Convert Bitcoins to Dollars: 11 Steps (with Pictures).
• Get the Latest from CoinDesk;

Notably, these exchanges are centralized and are considered an easy target for attackers. If you pick any big loss in the crypto industry, the chances are that it happened in the exchanges. One of the latest attacks on the crypto exchanges happened at YouBit in December and resulted in the platform filing for bankruptcy.

One of the top exchanges that allow users to cash their Bitcoins for cash is Kraken. This is one of the leading exchanges, which was started in , that has won the tag of the gateway to the cryptocurrency industry for supporting crypto to fiat transactions and vice versa.

To use Kraken, digital coin holders are required to start by registering accounts and confirming them with additional information like proof of location, phone number, and date of birth. After creating a Kraken account , you are required to deposit the Bitcoins to be converted to cash. The platform requires the account holder to place an order based on the amount he wants to sell the Bitcoin.

You will also be required to provide the bank account for the fiat deposit after the transaction is completed. It will take between one to five days for the transaction to be completed and the funds to be deposited into your account. Though less profound compared to the cryptocurrency exchanges, the currency converters provide an instant method of converting currencies, including digital coins, from one form to another.

These services require users to join the platform and specify the amount to convert and at how much.