Cryptocurrencies, such as Bitcoin and Ether, are growing in popularity with every passing day.
And now it seems that more businesses are accepting them as legitimate, including Microsoft, Tesla, Amazon, and even Starbucks. But there are just as many companies that don’t accept cryptocurrencies, and sometimes there’s no substitute for good old-fashioned cash.
That’s why knowing how to turn crypto into cash can be a real asset. Fortunately, there are plenty of ways to do this. To help you out, we’ve compiled this list of three good ways to turn crypto to cash.
1. Bitcoin ATM
One of the fastest and easiest ways to convert cryptocurrency to cash is to use a Bitcoin ATM.
It turns out that there are Bitcoin ATMs in most major cities around the world, so they’re a good option if you want to know how to cash out cryptocurrency. They work like a regular ATM, and you can insert cash to buy Bitcoin and even some other cryptocurrencies.
They also have the option for you to cash in your cryptocurrencies, letting you withdraw money just like any other ATM. To use a Bitcoin ATM, you need to have a cryptocurrency wallet and an account with the ATM operator.
Withdrawing cash from a Bitcoin ATM is slightly more complicated than buying crypto, because the transaction takes a little longer to verify on the blockchain. Still, it’s a fairly easy process for those who want to know how to turn crypto into cash.
Visit a site like https://www.bytefederal.com/ to find the location of a Bitcoin ATM in a city near you.
2. Use a Bitcoin Debit Card
Yes, there are such things as cryptocurrency debit cards.
And it turns out they’re a great, reliable option when it comes to spending crypto at retailers. These cards work by allowing users to deposit cryptocurrencies via a website, which converts them into fiat currencies for easy use.
There are several crypto debit card issuers, with the most popular including Monaco, Bitpay, Binance, and Coinbase. These cards are affiliated with Visa or Mastercard, so they work for shopping at both online and offline businesses.
3. Online Conversion Services
A number of online services have appeared that allow cryptocurrency holders to sell their digital “coins” for more practical, fiat money.
These are essentially the online equivalents of a Bitcoin ATM, and many of the same services operate Bitcoin ATMs around the world. The services allow you to link to a bank account, which can be used to fund the purchase of cryptocurrencies like Bitcoin, Litecoin, Ether, etc.
At the same time, users can sell their cryptocurrency holdings to convert crypto to cash in the quickest and easiest way possible.
Learn How to Turn Crypto Into Cash
If you’re interested in knowing how to turn crypto into cash, these three methods are the best.
In the beginning of the cryptocurrency craze, it was a serious gamble, since there were no easy ways to cash out. But these days, there are many methods to turn your digital assets into liquid money.
While you’re here, please check out the rest of our site to learn more about finance and cryptocurrency.