Digital currency was designed specially for Internet and is available for online payments. However, a way to convert bitcoins to cash was also developed. If you have cryptocurrency, there are several options for you. You can keep it and sell when the rates come up or deposit it in some investment projects or just spend it in different online shops. However, if you want to get fiat money instead of digital one we will teach you how to transfer bitcoins to cash.
First of all, you need to know how to cash out bitcoins to USD. Everything is very simple, but you’ll need a special machine – bitcoin ATM. This teller machine allows buying and selling bitcoins for cash. Nevertheless, it is rather rare thing, so you need to find the one near you. Use websites and mobile applications for this purpose. Launch the service and you’ll see a map with different locations. These are ATM locations. Apply filters to find where to buy bitcoins with cash and sell it.
There are two types of bitcoin ATMs. One-way machines allow buying or selling bitcoins, two-way machines allow both selling and purchasing. Most of the machines look like ordinary ATMs but their functionality is a little different. Many manufacturers offer BTM and this is why interface of its software may vary. However, the algorithm is almost the same:
Bitcoins will be credited to your wallet in a few minutes. Remember, you’ll have to pay fees for transactions, usually, they are 5-8%. The amount of the bitcoins may be smaller or bigger, because of the rates fluctuation. If you want to sell bitcoins, your steps are similar to the