How to convert real money to bitcoins value
- 24.12.2021
- Malagis
- Msn investing
- 0
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It is the first question that comes to mind when we want to invest in bitcoin or other cryptocurrencies and we must know the answers. Where and how can I convert [BTC] bitcoin into real money? There are several options to convert bitcoins into real money, such as Bitcoin ATMs, Exchanges, Bitcoin buying and selling platforms, Debit cards, Peer to peer sales … etc.
This means that if our goal is to change Bitcoin to Euros, the Exchange must have that option, because otherwise, it will be impossible to make the change. The second point to consider is whether the platform will allow sending those funds in Fiat money directly to our bank account or if they only allow us to send that money to another wallet. Once the change has been made and the euros, dollars or fiduciary currency that we want in the withdrawal section of the chosen platform appear, we must transfer the money to our bank account.
In order to carry out this change to fiat money, the exchanges usually request a prior verification of data, such as the telephone, address and a picture of the passport or id. Once the data has been verified this process usually lasts several days until they verify that the data is real you can send the money to the bank account and convert the bitcoins to real money.
Peer to peer platforms As for P2P platforms to convert bitcoin to euros, Localbitcoins is the best known. This platform allows you to buy and sell bitcoin to other people, either through bank transfer, in person, by Hal-Cash or Paypal, among other options. It is a worldwide platform, where you only have to search if,0 in the place where you want to make the exchange, there is someone interested in selling or buying bitcoin.
Localbitcoins will then indicate the closest people both for the purchase and for the sale of cryptocurrencies. To convert bitcoin into real money, you just have to register on the page and put the offer with the price that you want to sell the cryptocurrencies with and the payment methods that you accept. The biggest drawback of this page is that the price of the cryptocurrency sales is usually more expensive than in the market since here the sellers are the ones who mark the price, although if your interest is to sell, a greater benefit will be obtained.
HalCash HalCash is a company of Spanish origin, which since offers an electronic payment system where they can send money both domestically and internationally. This platform has more than 12, ATMs around the world and with the association of 16 banking entities, in Spain, Poland and they are expanding their borders to the United States and Mexico.
How do I change Bitcoin to real money with HalCash? Upon completion of the transaction, you simply withdraw your money from an ATM using your credit or debit card. But be careful and pay close attention to the feedback and reputation of the exchange. Many use this type of website to commit fraudulent acts, leaving you without your Bitcoins.
The exchange rate should also be taken into account when looking for an exchange service, as some of them have incredibly high fees when trying to convert your digital funds. There are several websites that allow you to view and compare exchange rates from different providers. Some of the most trusted and used exchanges to turn bitcoins into real money are: Cex. In addition to these you can Check the Top cryptocurrency exchanges here. Bitcoin Trading: Many choose to withdraw their Bitcoins through a trading platform that utilizes Forex trading capabilities combined with Bitcoin exchanges.
All you need to do is open an account, place a sell order stating what type of currency you are interested in and how much you want to sell and the price you want to sell your Bitcoins. When a similar purchase order is found, the platform makes the transaction. Withdraw your Bitcoin Online with P2P: This method, although less secure, requires you to interact directly with a potential buyer using an intermediary website that will make the transaction possible for a certain fee.
This works by choosing a financial service that meets your needs, creating a seller account that will have your personal information verified by the service. Be warned that some services will freeze an account if a sale is launched to prevent fraudulent activity. When you receive the money, the service transfers your bitcoins to the buyer.
Some of the most popular services are: localbitcoins Withdraw your Bitcoins offline If you want to sell your Bitcoins and avoid having to deal with intermediary services and cash withdrawal fees, you can arrange to meet a potential trading partner in person at a set meeting point. There are services designed to help find and match buyers and sellers in the same geographic location.
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