How Do I Convert My BitCoins?

How do I convert my Bitcoins or other Cryptocurrencies to cash?

As time goes by and Bitcoin gets into the mainstream economic discussion, more businesses are keen to accept Bitcoin, Litecoin, Ether and other cryptocurrencies as a means of payment.

But still, there are relatively not many ways to spend your Bitcoins online or offline, especially if you don’t live in a big, tech-inclined, city.

Therefore, you may want to know how to retire your cryptocurrency savings and turn them into cash. Here we will explain you the main ways to do it.

Bitcoin ATM

Most major cities in the world have at least a couple Bitcoin ATMs. They are the fastest way to convert Bitcoin and many other cryptocurrencies to traditional money.

Many Bitcoin ATMs also work in reverse: you can buy Bitcoin with your cash, as with a regular ATM where you can deposit your cash in your bank account. Most of Bitcoin ATMs also support the better-known altcoins (alternative cryptocurrencies) like Litecoin, Bitcoin Cash and Ether.

There are two biggest downsides. On one hand, the fees are way higher than using online services to convert your cryptocurrencies into cash. On the other, if you don’t live in a big city, you may be hours away from the closest Bitcoin ATM.

Bitcoin Debit Card

This is a truly practical way to spend your Bitcoin at traditional retailers, even if they don’t directly accept cryptocurrencies as a mean of payment.

These cards allow you to deposit your cryptocurrencies via their website that converts the money into regular currency like Yuan, Euros or Dollars.

The better-known crypto debit cards are Monaco, CoinJar, and BitPay and they are supported by VISA or MasterCard so you can use them for real life shopping or online shopping at almost all businesses. 

Convert your cryptocurrencies online

There are millions of options out there to convert your Bitcoins and other cryptocurrencies online. The most popular of them are automatized for mainstream use, so their interfaces are usually quite friendly. They allow you to buy and sell bitcoins and other cryptocoins via their websites and apps easily.