Post
Topic
Board Beginners & Help
Re: Cash in cold storage bitcoin
by
ovcijisir
on 04/08/2019, 10:09:35 UTC
By "cold storage" I am going to assume you mean a private key kept offline. If that is the case you should start by installing wallet software. Electrum or Core are good choices. It's likely best to go with the software that created the wallet you are storing.

It will need to sync, so settle in for a few days at least. During that time set up an exchange account linked to your bank. It should be an exchange that has a business license. NEVER send to an unlicensed business.

Now you are set! Send the BTC to the exchange, sell it, withdraw the fiat currency to your bank.

Less time consuming is to get a Mycellium app for mobile phone, scan the QR code of private key and send the funds to Mycellium wallet.

No need to wait for wallet to sync in that case.