If we want to turn altcoin to cash, will we need to sell it for BTC first, and then send the BTC to service for conversion to USD/EURO before finally to bank?
There are several methods to convert altcoin to fiat, depending on the country and platform in use. Some platforms allow the conversion of some altcoin to fiat like ethereum, ripple and Bitcoin cash is much more popular compared to others. Some platform even prefer the conversion to be made to their platform tokens before one can get the fiat into the bank account.