CRYPTO CURRENCY

crypto into cash ? how to turn bitcoin into cash

 VIVEK JAIN

many people has invested in crypto or in bitcoin as a guarantee for it to replace the current currencies

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but the main goal behind any investment is to earn a profit and if it has been some time you invested you can book a profit and make that cash into your bank.

how to turn crypto into cash

Maybe you had already invested into crypto using any exchange but was now wondering how to turn it back in cask then keep reading

well people invest in crypto many will wish to keep holding it but there is very high volatility in crypto therefore many will wish to turn in to cash when its in profit.

VIVEK JAIN

for this there are two ways you can do so the first one is third party exchanges like bitcoin atm or debit card which turn it based on a fixed rate.

VIVEK JAIN

VIVEK JAIN

or you could use peer to peer transaction to sell your bitcoin for cash based on its at that moment price.

out of the two the second method of peer to peer is more faster and anonymous.

VIVEK JAIN

VIVEK JAIN

but the most easier one is through exchanges as they can take place from your phones and there is a great chance you also had bought crypto with some of these exchanges.

VIVEK JAIN

some of the exhanges are

1. coinbase 2.crypto.com 3.BINANCE 4.blockfi 5.coindcx (for indians)

things to consider before you turn crypto into cash

VIVEK JAIN

VIVEK JAIN

1. TAXES

if you earn profit selling your crypto then you will have to pay taxes depending on the rules regarding crypto in your country

2.fees

Nearly in every exchanges you will have to pay some fees to the fees including the platform fees and currency exchange fees.

these exchanges could take time to convert crypto assets in currency as long as a couples of days  to transfer the money in your bank account.

VIVEK JAIN

3. time

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