How to Convert Bitcoin to Cash?

The bitcoin craze is gradually taking a leap now and the investors are optimistic about its growth and increased value in the coming future. However, the stability of bitcoin currency is still a big concern for everyone. Nonetheless, people are mining bitcoins, getting them exchanged and also dealing in them. This shows its value and power, which is being elongated by each passing year. Despite this, many bitcoin owners linger in vacuum when it comes to converting them into cash. Here are some hassle-free methods you can try to get it right:

Cash It On Bitcoin ATMs

ATMs that exchange bitcoins are now available. More than 2200 ATMs have been installed to offer the facility to Bitcoin owners to get them convert into cash relatively fast. In addition, you can also exchange other cryptocurrencies into the traditional currency. You can do vice-versa (getting Bitcoin in turn with money) as well. Many ATMs now support additional crypto coins such as Lite coin and Ethereum too.

However, a certain fee is levied when you convert and this is higher than an online conversion and you might not go home happy after visiting a Bitcoin ATM.

Go Online

There are a number of popular online services that not only allow people to easily buy Bitcoin and other cryptocurrency using their smartphone or through a website but also sell them for real money.

Coinbase is one of the most popular services. CoinJar is also a decent platform. They both offer purchasing and selling of Bitcoin, Litcoin, and Ethereum, while Coinbase also supports Bitcoin Cash (another form of cryptocurrency, which is different from Bitcoin) and CoinJar has Ripple.

Go for Bitcoin Debit Card

Yes, you heard it right. Bitcoin debit cards are now available. Now, you can spend Bitcoin and other cryptocoins at conventional retailers in a very hassle-free way. These retailers may not accept crypto payments but do lend support for debit and credit cards. These cards enable users to deposit their cryptocoins through an online website, which automatically converts them into a fiat currency like Indian Rupees, American Dollars or Euro.

Monaco, Bitpay, Coinjar, and BCCPay are some of the major cryptocurrency debit cards. These cards are either powered by VISA or MasterCard. This means that they can be used for online and offline shopping at most businesses. The availability of these can vary from the geographical point of view. Moreover, the daily and the monthly usage limits. Thus, it is recommended to compare each card to get the right card for you can

Updated on: 30-Jul-2019


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