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Can You Convert Bitcoin to Cash?

Have you ever wondered if it is possible to convert cryptocurrency like Bitcoin into real money? If so, you are in the right place because we provide the answers you are looking for. The answer is yes. It is possible to convert today’s most popular cryptocurrency into real money. This question is completely logical because even though Bitcoin has been available for years, you still cannot use this digital money everywhere as a payment method. Okay, there are plenty of sites that support Bitcoin, but it is still not widespread enough.

This is especially problematic if you often need to pay different bills. Fortunately, Bitcoin, like other crypto-coins, can be converted to fiat currencies in several ways, which we will mention below.

In the meantime, if you want to become a part of the cryptocurrency world and start trading, why not try an automatic trading algorithm like BitcoinLoophole. You can also find quality analysis of the market or predicting the value of cryptocurrency by checking out BitcoinFuture, one of the best trading software on the web. Also, keep reading to find out how to convert the Bitcoins you earn into real money. 

  1. Via Exchanges

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So, one of the safest ways is to use some of the reliable exchanges available on the market. The system is pretty simple. You can exchange your Bitcoins or any other cryptocurrency for some of the traditional fiat currencies. All you need to do is choose the right exchange for cryptocurrencies and we can say that Coinbase, BitFlyer, CoinMama, Bitstamp and Bitpanda are currently on the top list. The most important thing about Bitcoin exchanges is that all of the above mentioned are reliable and many users are satisfied with their services.

  1. Via LocalBitcoins

LocalBitcoins is actually another great trading platform that allows you to buy or sell Bitcoins at any time. The best part is that this is P2P (Peer-to-Peer) trading, directly with a buyer or seller. This is especially useful if you need money quickly because you can get money directly into your credit card, bank account, Payoneer or PayPal account.

Another convenient thing is that there are indeed a large number of currencies available and that LocalBitcoins doesn’t charge any additional fees, but the extra costs are set exclusively by the merchant you dealing with. Since LocalBitcoins has been in business since 2012 and has really high coverage (as many as 15,000 cities worldwide), we can safely say that this is one of the best ways to exchange your digital currencies for fiat.

  1. Convert BTC to USDT

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Instead of transferring Bitcoins to real currencies, it might be a better solution to try with USDT. Wondering what the USDT is? Well, this is another cryptocurrency also called Tether which is against the dollar in 1:1 ratio and is always constant, which means that there will be no losses. Also, if you wish, you can buy additional cryptocurrencies by trading Tether or convert all USDTs into fiat currency.

Particularly nice thing is that USDT is accepted by many exchanges so you will have almost no problems at any time whether you decide to exchange this cryptocurrency for real money or buy more Bitcoins.

About John Woodman

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