Can bitcoins be converted into cash?

[just_Alice]

Can bitcoins be converted into cash?

You mean like a fiat analogue of Bitcoin? But why would anyone do it? There's a certain amount of $21M of Bitcoins which eliminates the possibility of inflation. And if it will be cash - it can be indefinitely printed, so BTC will lose its value. And there will be no more anonymity. I like another tendency, making real money into cryptocurrencies, like Tether, but not vise versa. Cryptos are the future.

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[TIDOVEE]

Yes bitcoin can be cashed as Fiat. You just need to take it through exchange ie livecoin and yobit exchange through coin market cap, then, it will be transferred into bank account.

[Dudeperfect]

Bitcoin is a currency which is used on the internet so if you can find someone who is ready to buy Bitcoins from you then you can definitely convert your Bitcoins into the cash or Bank. Generally, you can use any exchange website to find the buyers. However, always do your research in terms of transaction fees, exchange fees and any kind of other fees which you might have to pay for the entire process.

[bitcoinrays]

Of course you can, one of them is by using an online exchange service that enables quick exchange of bitcoin into cash in your country currency.
bitcoins and other cryptocurrencies can also be exchanged for local currency currency of the country.
One of the things that interests me and also maybe others are interested in bitcoin because it can be converted into cash.

But this is only for these few years. After a time of about 10-25 years we hope bitcoins would be present in a pocket of layman. Like now only technical or the students mostly know about bitcoins but a layman don’t know what it is. So we can optimize the level of acceptance of bitcoins in general community on the basis when it is available to gross root level of population.

[cobeksede]

in my country this issue is very bitcoin sensitive so exchange tools because basically my country rejects the existence of bitcoin so it is very impossible but I really hope that if it can be practically buy goods

[carodupuis]

Of course, since Fiat can be converted to BTC then there's a way also to turn BTC into fiat, have you ever hear news about people making cashout on the bank from their BTC accounts?

Not only in Philippine bitcoin can be altered into cash and most of the investor community is using profit amount after converting and this is an easy task because bitcoin can be used as currency but at limited places and outlets and every region don’t have that outlets most of them are situated in the first world countries and investors are spread all across the globe so this conversion is must to spend the money you have got form the bitcoin and many exchanges are available for this task you can google about them easily.

[engrlodi]

Absolutely yes, bitcoin is like currency but it is in digital and you can’t hold it. There is a site that you can exchange your bitcoin to real cash a fiat like coin base. There is a fiat to bitcoin or bitcoin to fiat. You can buy bitcoin too with your real cash. Bitcoin nowadays is more accessible to the new users and for new investors. But there is always a transaction fee when it comes to exchanging your cash to bitcoin. Just be careful in exchanging because there a scammer or hackers out there.

[Hopernumbs]

I dont think so because for that we need a fluid bitcoin knowledge allover the world and thats not gonna happen in next few decades.