How To Cash My Bitcoin

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The single best way to cash out large amounts of Bitcoin is through something called an OTC (over-the-counter) transaction. An OTC transaction occurs when a private buyer and private seller are linked together by an intermediary to facilitate the swap.

How to Cash Out your Bitcoin (Under $10,000) Open your CoinCloud Wallet app. Under “Nearest Coin Cloud ATMs,” find your favorite one. Choose “Quick Cash” under your closest machine. Enter the unique identifier code texted to your phone. You will be shown the. When owning Bitcoin, at some point you could want to cash out part of your cryptocurrency to get back some cash or to withdraw some profits. There are different ways to sell your Bitcoins online, such as exchanges, direct trade or carry out a peer-to-peer transaction. To cash in Bitcoins, you will need the services of an online currency exchange firm. Cashing Bitcoins through an online currency exchange company is the only safe and secure way to cash in Bitcoins. We are an online currency exchange company with a specialty Bitcoin to Currency exchange service. Sell Bitcoin and Bitcoin Cash easily The easiest way to cash out your Bitcoin and Bitcoin Cash directly to your bank account. Currently available for EU and GBP bank accounts. Join the waiting list to be one of the first to know when support will be available for your region.

Choose your amount. Enter your bank details. Send your coins.
We'll take care of the rest!

To convert Bitcoin into cash, you'll need:

  • Quick access to your cryptocurrency wallet.
  • Your bank account details

Looking for an easy way to sell Bitcoins? Simply decide how much you'd like to sell, tell us which bank account to transfer your payout to, and send us your coins. We'll take care of the rest.


How To Cash Out My Bitcoin

How to Sell Bitcoin

Coinmama offers users the ability to sell Bitcoin via bank transfer. All you need is a Coinmama account and a bank account.


  1. Log into your Coinmama account and select 'Sell'

    Enter your Coinmama login information, then select the Sell option from your main account page. If you don't already have an account, you can register here.

  2. Choose the Bitcoin amount you'd like to sell

    Enter the Bitcoin quantity you'd like to sell to see the BTC conversion rate in your preferred currency. You can also enter a currency amount (such as USD or EUR) to see the Bitcoin quantity.

  3. Create your order

    Follow the prompts to create your order. Enter your bank country, account information, and personal details.

  4. Send your coins

    Send the exact amount of Bitcoin selected to the wallet address provided in a single transaction, or scan the QR code from your wallet app. Once we receive your coins, we will transfer the payout amount to the bank account you provided.

Why Sell Bitcoin on Coinmama?

At Coinmama, we understand that in order to make a smart Bitcoin investment you have to be able to both buy and sell Bitcoin. It's why we provide a fast, easy way to sell Bitcoin and receive money directly into your bank account. Even better, we do it without compromising your economic freedom or safety: we never store your bank information, and you can sell coins from any wallet, including coins that weren't purchased through Coinmama.


Since 2013, Coinmama's mission has been to simplify the way the world does crypto. We're achieving this by serving over 2,600,000 users in 188 countries around the globe, providing a fast way to buy Bitcoin with credit card, debit card, or with your bank account, and to buy additional cryptocurrencies, including ETH, XRP, and LTC and more.


Now by introducing the option to sell crypto, Coinmama is providing investors with everything they need to trade Bitcoin.


With Coinmama you have:

  • High daily transaction limits. Coinmama currently allows combined buy and sell transactions of up to 15,000 USD a day when using a bank transfer.
  • 24/7 access to your account
  • A dedicated team of customer support specialists who are happy to help
  • No hidden fees

We believe in a world without middlemen, where we, the people, are in charge of our own economies, and we're excited to be on the forefront of the financial revolution.

How To Cash My Bitcoin

Your IBAN, or international bank account number, uniquely identifies your bank account.
Find it on your bank statement, or by logging into your online banking system.

SEPA, or single Euro payments area, is a system for simplified bank transfers throughout most of Europe.

Bitcoins investment is one of the riskiest yet there are high profits included. ‘

Different Ways to Cash Out Bitcoins into Cash or Bank Account

How To Cash Out My Bitcoin

The simple way to sell or cash out Bitcoins is to sell them via some websites which are quite famous and reliable in their business.

1. LocalBitcoins

On this website, you can sell Bitcoins in two ways- through online bank transaction or in hand transfer. You need to sign up and add the Bitcoins which you are willing to sell. You can prefer to sell for direct cash/ or bank transfer. People around you could see the price which you are quoting and can approach you. Since LocalBitcoins doesn’t verify the users beware of fraudsters as people you meet can harm you and may not be trustworthy. Localbitcoins connect the purchaser and seller personally where the Bitcoin can be converted to cash without any taxes or banking charges. Visit LocalBitcoins.

2. Bitquick

Bitquick is a platform where you can sell Bitcoins at the current price without any commission and is one of the fastest exchange. They provide a simple procedure where the user needs to enter the amount of Bitcoin on the personalized escrow address. There are various option to sell Bitcoin at such as static pricing and dynamic pricing. Dynamic pricing allows you to select the Bitcoin exchange rates and time of Bitcoin pricing. Such as 24hrs average, current price, whichever is greater. The amount would be directly sent to your bank from where you can withdraw the cash. Bitquick is not a secure website though, which may tamper your credentials. Visit Bitquick.

How To Get Cash From My Bitcoin Wallet

3. Coinbase

This is a trustworthy, safe place where you can sell Bitcoins for a reasonable price. Even though they levy a percentage of commission yet it is safe without any risks. You can go the wallet and select the number of Bitcoins you intend to sell. Once you confirm the amount would be sent to your bank which is being registered on Coinbase. Visit Coinbase.

4. CEX.io

Bitcoin Cash Kortis7pro

Cex.io allows you to cash out the bitcoins in two different forms- bank transfer and cryptocurrency. This can be used for further investment or can be used to cash out. Cex.io is trustworthy exchange located in London. They require ID verification and valid proofs in order to make a transaction with them. Visit CEX.io.

5. Peer-to-Peer trading

How

This method of Bitcoin to cash includes a Bitcoin space such as Brawker or Purse where I would put my Amazon request regarding some household or personal purchase and the final cheque would be paid by a random stranger through his credit/debit card. Once the package reaches my place the Bitcoin space would pay the stranger in appropriate Bitcoins. In this way, the products which we need can be bought for Bitcoins. Bonus Tip:

How to Cash Out BTC in the Local Market

In most of the countries, people are waiting to buy and invest on Bitcoin without using a bank account. Some do that to save the tax amount while some do it for illegal purposes without producing any documents/credentials. In fact most of the people with black money these days prefer using Bitcoins for converting their black money, in countries like India, people end up paying 10-15% more than the actual Indian Bitcoin value just for a cash purchase. This method is both cheaper and riskier than other markets. If any of our friend, family or relative is holding a Bitcoin and are willing to sell then you can get the Bitcoin at the actual price i.e. 15-30% less than the Indian value. By that way, you can make an in hand transaction without paying any commission to Bitcoin exchanges or paying tax to the government. The liquidity of Bitcoin can be maintained by these way where you can save yourself from bearing a loss. Converting to hard cash is always slightly difficult and risky while you can convert it into the bank account or other cryptocurrencies easily. There are some websites such as Coin.ph where you can invest on Bitcoins and can take it back to the Coin.ph wallet where it is safe and secure. It can be reused to either invest or can be reverted back to the bank account.