Though you can use bitcoin to buy various commodities or accept BTC as payments from your buyers, you have probably asked, “Can you sell bitcoin for cash?” The answer is, of course, you can sell bitcoin for cash! You can do such process by knowing about the bitcoin trading, aside from using the BTC as a virtual currency to buy stuff.
How Can You Sell Bitcoin for Cash?
To exchange bitcoin for cash, you should know that it is possible through bitcoin trading processes. The bitcoin trading involves selling bitcoin to have cash, or buying bitcoin using your real money. This is important if you want to convert your bitcoin into real world currencies, or if you want to buy a cryptocurrency amount for you to use in various transactions.
For starters, you have to find a reliable bitcoin trading platform where you can exchange bitcoin to cash or vice versa. You should also have a bank or a PayPal account to receive your money. Usually, such platform comes as websites for your convenience.
Upon finding one, sign-up for your account, and fill it with bitcoins. You can put your existing bitcoin in it, or buy some from other people. You can also earn it through your business. After having enough bitcoin in your account, you can convert it into real world currencies like USD. You can finally withdraw your funds, and choose where you want to receive it. You can choose to have it in your bank or PayPal account, though some platforms offer services where you can receive it in your credit or debit cards.
Now that you already know how you can sell bitcoin for cash, you can certainly earn a decent amount through bitcoin. You can earn some BTC by accepting it in your business, or learn the game of bitcoin trading to earn big.