Can You Turn Bitcoin Into Real Money As A
Bitcoins Have No Central Authority. There Is No Bank Required. All Bitcoins Are Digital. You Need Only A Computer (a PC, Smartphone, Etc!) To Use B..
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Have you achieved success on Bitcoin trading or you one of those lucky guys who purchased crypto when it cost only several dollars? Now it is time to harvest a crop and use the money earned, and it can be done if you transfer Bitcoin to a bank account.

Bitcoin is not a (good) means of exchange. (At best its way worse than ‘fiat’ money.) Reality: Bitcoin is an excellent means of exchange. You can’t reverse a bitcoin payment like a payment. There are other options for turning Bitcoin into conventional money. Coinbase and other markets can trade Bitcoin for USD and other currencies deposited directly to single-use debit cards or gift cards, or even into more flexible systems like PayPal, generally for a much higher fee. You can trade Bitcoins directly to another person for cash.

The CoinDesk Bitcoin Calculator converts bitcoin into any world currency using the Bitcoin Price Index, including USD, GBP, EUR, CNY, JPY, and more. Debit cards are a fast and convenient way to convert bitcoin into real money, you just have to recharge the debit card with bitcoin or another cryptocurrency that they accept and it will automatically convert the balance to fiduciary money to make a payment at any place that allows payments with debit card. Principles of transferring bitcoins into real money Since the Bitcoin system enables people to earn money, it is natural that it is very often necessary to transfer digital money into cash. If a person is interested in how to exchange bitcoins for real money, then the most forgiving way to do this is www.bestchange.ru – monitoring exchangers.

You will agree that it is possible to use BTC to pay for services and goods, but, unfortunately, the number of platforms accepting crypto is still rather limited while paying with fiat money has no restrictions. Moreover, it would be reasonable to convert BTC for fiat money when a crypto market is in decline and you want to prevent losses.

Visa/MasterCard friendly
Binance

✅Binance supports more than 40+ fiat currencies for buying and selling crypto with Visa/MasterCard and third-party payments
✅Considered to be the largest crypto exchange platform on the planet
✅The list of altcoins on the platform has exceeded 140, while transaction fees are ones of the lowest being only 0.1%
⛔Do do not open accounts for U.S. residents.

Look: this article will tell you about the most popular and secure ways of withdrawing Bitcoin to the bank account and how this process is performed.

Can You Withdraw Bitcoin to Your Bank Account

It goes without saying that every Bitcoin holder can exchange cryptocurrency for fiat money and transfer it to the bank account in a matter of minutes. In fact, there are 4 ways to do that:

Sell Bitcoin on the crypto exchange and get money directly to the bank account. There are many trusted crypto exchanges operating on the Internet nowadays and many of them are not limited to crypto-to-crypto trading but also provide with an opportunity to send exchanged money directly to the bank account.
Make use of Bitcoin ATM. There are over 2,200 ATMs accepting Bitcoin on the planet, so if you are lucky to live next to one of them, you can easily get fiat money for Bitcoin in it.
Obtain a Bitcoin debit card. There are online services offering to get a prepaid debit card for selling BTC and use money kept on it.
Sell Bitcoin to someone you know. If one of your friends, relatives, or their acquaintances wants to buy crypto and you plan to sell it, you can help each other and get cash for the crypto which must be transferred to another wallet.

All these ways can be used for getting fiat money onto your bank account, but the most popular way is still the use of exchange services. It is not difficult to find a trusted crypto exchange with reasonable fees and get money to your bank account quickly and without putting much effort. That is why lower you will find 7 platforms where every person can sell BTC in exchange for money to land on the bank account.

How to Transfer Bitcoin to Your Bank Account

There is no need to have any trading experience to convert money on third-party exchange platforms. In fact, even a child will easily cope with the task set since it is enough to fill out some information in the blank spaces and deposit Bitcoin to the exchange in order to request the withdrawal of fiat money then. The most widely accepted way to do that is to prefer an exchange that accepts bank wire transfers, and experts advise asking for fiat money to be sent to the same bank account where they were transferred from too. Usually, it takes from 1 to 5 days to get money to your account. However, there is also an opportunity to use the Peer-to-Peer approach or turn to a broker too.

Now it is time to analyze the offer of the best platforms to convert BTC and choose the most suitable one.

CEX.IO

Best for Crypto-to-Fiat operationsCEX.IO

✅The only larger exchange with native support for credit cards Visa/MasterCard and SWIFT
✅Works as bitcoin dealer as well as marketplace, also supports basic margin trading (all-in-one)
⛔Significally higher fees (0.25% for Taker and 0.15% for Maker)

This London exchange established in 2013 offers to withdraw cryptocurrency only for registered and verified users. Residents of different countries can transfer Bitcoin to their bank accounts using this service. EU residents can opt for the SEPA method supported, while US citizens prefer the ACH method. When it comes to citizens of other countries, it is possible to ask for a debit card withdrawal or do that in ATM too. Users of the platform say about quite high commissions for the withdrawal which can reach 3% for credit cards. At the same time, there are several benefits of the platform too including round the clock customer support, several payment methods supported, and fast money transfers.

Coinbase

100% U.S. compliant + Wallet
Coinbase

✅Bank Account (ACH) and Wire Transfer payment methods are available for withdrawal your money.
✅Coinbase can also be a software wallet that can help you store, buy, and sell BTC. There is also a feature where you can request money, either in USD or BTC
✅The most compliant BTC exchange for U.S. account holders.

Being a leading Bitcoin trading platform Coinbase allows its users to withdraw Bitcoin to bank accounts too. Residents of both EU and the US can receive money for selling BTC to their bank accounts, but it is performed using two different methods: SEPA for EU (takes up to 2 days), and ACH transfer for the US (takes up to 5 days). It is possible to speed up the transaction if you own MasterCard or Visa. The cost of withdrawal also depends on the country and can vary from several dollars to several cents.

The process of cashing out Bitcoin on Coinbase looks as follows:

Open an account on the platform, link your bank account to it, and make the first deposit by buying or sending some amount of Bitcoin from another address;
When Bitcoin is delivered to your account, click Buy/Sell button at the top of the page and choose ‘Sell’;
You will be offered to sell from your Bitcoin wallet and deposit it to the default currency wallet you have selected;
The withdrawal process begins only after you exchange BTC to the local currency;
Click ‘Sell Bitcoin Instantly’ and get money on your fist currency wallet;
Withdraw money from your fiat currency wallet to your bank account.

LocalBitcoins

This peer-to-peer platform was founded in 2012 and its headquarters are located in Helsinki, Finland. It is a decentralized platform aimed at matching people who want to sell or buy cryptocurrency. Users of the platform can negotiate to trade on the platform by answering ads created and meet in person or transfer money to the bank account or wallet. There are over 40 payment methods on the service and bank wire transfer is among them too.

If you want to cash out Bitcoin using this P2P platform, it is necessary to follow this procedure:

Create an account on the platform or enter the existing one;
After logging in, find ‘Sell Bitcoins’ button at the top of the page;
Enter the amount of cryptocurrency to be sold and the country you are

Can You Turn Bitcoin Into Real Money