Can Bitcoin be converted to Cash?

[z38630610]

Can Bitcoin be converted to Cash? If yes
How?

It is of course possible to turn the bitcoin into cash. If not what would investors do with the bitcoins? there are many sites to use for this. Depending on your country, the connections you use may also vary. You can ask for help from the people around you who are dealing with bitcoin.

[gentlemand]

Get a Bitcoin debit card. You send your BTC. An hour or two later you can withdraw cash via an ATM.

It's by far the fastest and most convenient way to get cash. There's no way I could be bothered with Localbitcoins when there's that alternative.

[ChrisPop]

Can Bitcoin be converted to Cash? If yes
How?

Of course that you can convert it to fiat currency(Cash). If you want the money in your bank use Bitstamp,Kraken or other major TRUSTED exchanges. If you want the money directly in your hands go to localbitcoins or bitcoin forums in your country and make a meeting with someone who wants to buy bitcoin.

[jeremypwr]

While it can most certainly be converted to cash, there would have to be a significant reason for me (personally) to cash in on my digital gold!
Especially since I think if you're posting on this message board, you truly believe in its potential. 

[Kurokyy]

Can Bitcoin be converted to Cash? If yes
How?

Yes you can convert your bitcoin into cash/fiat money using localbitcoins.com website find buyer and use escrow if necessary or you are unsure with your deal, scammers are everywhere so be careful. You can also sell your bitcoin to people face to face near your place.

[fempat]

Of course. It is money in the first place.
There are various ways of converting it to cash. The one I use often is luno which sells the bitcoin for cash that can be transferred to your bank account.
I've also heard about coinbase and xapo but I've not tried them.

[paragon07]

Yes, bitcoin is a digital currency and convert it into cash.

Sell it. For me i'm using localbitcoin to convert my bitcoin into cash. I can direct it into my bank account or widrawn it in different kind of moneygram exchange.

[Twentyonepaylots]

of course bitcoin can be converted to cash, it's either you use a wallet that has a built in converter, or sometimes the bank offers exchange for bitoins to cash, in my case the wallet that i am using offers instant conversion to cash.

[krishnaverma]

Of course, it can be converted into cash. That is done through exchanges.

[leimzdyh]

Of course bitcoin can be converted into cash. just know your preferred local bitcoin exchange.

[bitofc]

You can sell in exchange that support your local currency.
You can also exchange with others face to face.  There are also peer to peer escrow service likes localbitcoin.

[Rana590]

Obviously yes. Why not?You can easily convert bitcoin to your currency. You should find a trusted local trader. By selling Bitcoin, you can convert on your cash. I personally do this everyday.

[chimcoin]

It is possible to convert your Bitcoun to cash, just look for a Bitcoin exchange that will allow you to sell your Bitcoin at a reasonable price, for your preferred local currency like dollars, or euros.

[farhan28]

Though bitcoin is a illegal currency...but it can be converted into cash...you can keep the balance into the COINBASE app...then you can convert from here to cash...

[reck1ess]

Definitely yes, here in our country Philippines, there is a wallet which ables you to convert php to Bitcoin and Bitcoin to php, they also added a cash out which makes you able to withdraw your converted bitcoin in banks and some pawnshops.

[coinholic]

Can Bitcoin be converted to Cash? If yes
How?

I think the safest way is to open a wallet with a cash out feature where you can directly deposit your cash in your bank account or claim it through a remittance shop/store. Yes there are fees,  but at least you're a 100% sure you'll get your cash. 

[agentx44]

Can Bitcoin be converted to Cash? If yes
How?

Yes bitcoin can be converted into cash. I can convert my bitcoin into cash using my bitcoin wallet named coins.ph a online wallet here in the Philippines. After that i will put my bitcoins into my atm account for me to get my bitcoin and use it to pay all of my expenses.

[stompix]

Zebpay application is very good application which can convert bitcoin into their cash in which country they belong and does not take so much time it takes only one or two days for converting the bitcoin and transfer the cash directly in to bank account number without any charges.

I think the safest way is to open a wallet with a cash out feature where you can directly deposit your cash in your bank account or claim it through a remittance shop/store. Yes there are fees,  but at least you're a 100% sure you'll get your cash.  

Yes, bitcoin is a digital currency and convert it into cash.
Sell it. For me i'm using localbitcoin to convert my bitcoin into cash. I can direct it into my bank account or widrawn it in different kind of moneygram exchange.

This is hilarious.

In economics, cash is money in the physical form of currency, such as banknotes and coins

There is no such thing as a "cash" transfer in a bank , it will only become cash when you pick it up from the bank or an ATM.

She want cash for bitcoins, it means she wants physical notes when she sell the coins.
So no online exchange is going to do the job.

The only way you can exchange bitcoin > cash is by using localbitcoins or an ATM that supports bitcoin >cash.

LE.

Or the alternative @gentlemand  suggested

Get a Bitcoin debit card. You send your BTC. An hour or two later you can withdraw cash via an ATM.

[heroic25]

yes it can be converted in cash in countries where bitcoin is accepted. There are many ways available for that and you can also buy things and services online by bitcoin.

[xbl1008]

Can Bitcoin be converted to Cash? If yes
How?

yes... By selling it.
For example on coinbase, kraken, localbitcoins, this forum,...

Here is an (incomplete) list of places where you can trade BTC, do be carefull: not all of them are trusted, not all of them convert BTC to your local FIAT, not all of them give the same conversion rate...
https://www.coingecko.com/en/coins/bitcoin/trading_exchanges#panel

Thank you... But suggest me one which you are having a strong faith in them

I'm not really a big seller, but the other way around i did buy BTC from a guy on localbitcoins, and it went smooth. You do have to be carefull when picking a buyer, and never release the BTC from their escrow before you're 100% sure you have the cash in your hands. I'd also suggest using a non-refundable payment method, and when meeting somebody face to face: doing it in a very public place (inside a post office, next to a police station, inside a mc donalds,...)

Depending on where you live, you can also try to sell your BTC face to face by making a deal on this forum or there might also be the option to use a bitcoin atm to sell your BTC... Most of those ATM machines have a rather good reputation, but also a rather high fee.

what he suggest is right you can also sell it to other traders or users of bitcoin so you can convert it to cash if you have a friend that need bitcoin that would be a win win situation and fast where the two of you can trade and provide the need of each other to avoid such fees and charges in certain sites where your bitcoin came from..