How to cash bitcoin?
Here are 2 ways on how to cash bitcoin.
1. Use Third-Party Exchanges
You can use 3rd party exchanges like Coinbase in order to cash out your bitcoin. You will only need to create an account on the exchange and provide the necessary identification requirement.
After that, buy bitcoin or deposit bitcoin into the account. You can then cash out fiat currency through bank transfer or the eWallet you used to deposit the funds.
Take note: Cashing out via bank transfer can take anywhere between 1 and 5 days. But, when withdrawing to eWallets, the conversion can be done in just a few minutes.
2. Use P2P Exchange
If you wish to cash out through an anonymous approach and gain better control over your funds, then you can just use a P2P exchange. You can choose different payment methods including cash deposits or bank transfers.
First, you need to create an account on a P2P exchange platform. Then, verify your identity, find a buyer and make a transaction.