How to cash out Bitcoin to fiat money in a fast and safe way?

Cryptocurrency

2019-10-21

14

0

During the last couple of years, the popularity of Bitcoin and other Cryptocurrencies has increased considerably, given the large trading volume, capital invested, public interest, and of course supply and demand laws.

In theory, you will one day be able to use bitcoin for any type of purchase. It will become a replacement for fiat currencies, like U.S. dollars, which will no longer be necessary. The idea that bitcoin will eventually replace fiat currencies is the reason so many people are investing in bitcoin now.


At present, however, the reality is that relatively few businesses or individuals will accept payment in bitcoin. That is one reason you may want to convert your BTC to cash—so that you can use the value of your bitcoin to buy actual things.

Another common reason for transferring BTC to a bank account is to cash out of bitcoin at times when the market is in decline. If you think the price of bitcoin is going to keep sinking and you want to protect yourself from losses, it makes sense to convert bitcoin to fiat currency while you wait for the bitcoin price to recover.

How Can You Move BTC to a Bank Account?

There are multiple ways to go about doing this. People may worry about cashing out large sums of money and want to make sure everything is safe and secure, and that is a good idea.

Therefore, in this article, we will cover three of the main methods that you can use to withdraw your bitcoin into Fiat currency (or your local cash). These have been generally referred to as the safest and least-costly methods of exchanging your digital currencies into your government-issued currency.




  1. Sell bitcoin on a cryptocurrency exchange, such as Coinbase or Kraken. This is the easiest method if you want to sell bitcoin and withdraw the resulting cash directly to a bank account.
  2. Use a bitcoin ATM. There are currently slightly more than 2,200 bitcoin ATMs spread around the world. If one happens to be located near you, you can use it to exchange bitcoin for cold, hard cash.
  3. Sell it on Epay, a reliable online payment platform. 

Epay provides multiple cryptocurrencies for deposit, withdraw, buy and sell. Which including BTC, USDT, LTC, EOS, XRP, PAX, ETH. When you decide to cash out the digital assets, you can do it on Epay. It allows you to exchange your cryptocurrency to lots of fiats money to your bank account. such as USD, HKD, JPY, EUR, GBP and other local currencies.

Epay is a payment company regulated by the government, and it has money service licenses in Hong Kong and the USA. So you can rest assured to cash out cryptocurrency on it.

Above are the 3 methods, which will you pick up?

Comment

All comments;0

Rita

This guy is too indolent to make a signature...