If I want to sell bitcoins, assuming I was successful in either buying them or selling a service or a product and accepting bitcoins instead of normal cash. How can I convert the bitcoins back to cash ?
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1The first obvious question to ask in response to that is to what currency would you like to convert it to?– hafneroMay 22, 2014 at 2:05
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related: bitcoin.stackexchange.com/q/17239/5406, bitcoin.stackexchange.com/q/32731/5406– Murch ♦Jul 2, 2017 at 22:42
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3 Answers
Another option would be to use an exchange which can withdrawal USD/EUR (depending what you want). A good option for that is Kraken, as they have very low withdrawal and trading fees. You can trade your bitcoins to USD/EUR, and then withdrawal to your bank account. And no, I am in no way associated with Kraken, just a happy customer there
answered May 21, 2014 at 16:22
You have multiple options:
I'm aware of two:
In person you can use localbitcoins
Via bank account, I think there are several companies providing that service, one of them is Coinbase
There are a lot of useful websites available on the internet having the below-mentioned common procedure: Make a decision regarding the third-party broker exchange you want to employ. Become a member and finish the verification process with the brokerage. Put money (or bitcoin) into your account. By transferring your bitcoin to a bank account or PayPal account, you can cash it out.
