Post
Topic
Board Beginners & Help
Re: Bitcoin to cash with simple steps.
by
UchihaSarada
on 20/04/2023, 03:39:54 UTC
1. Use a crypto debit card like the BitPay Card.
Arbitrarily and carelessly connect your debit card to any platform is very risky. There are dark market which has many information of debit cards for sale.

Quote
2. Sell crypto for cash on a central exchange like Coinbase or Kraken.
You can do it but don't store your cryptocurrency on centralized exchanges too long. It's risky.
Reminder: do not keep your money in online accounts

Quote
3. Use a P2P exchange.
Not all P2P exchanges are decentralized. Most of them are centralized. This P2P branch industry lately is under attack of regulatory authorities and many big names proactively shut down their businesses, Localcryptos, localbitcoins, Paxful.

Quote
4. Seek out a Bitcoin ATM.
Bitcoin ATM is very last choices to choose. You will have to spend very expensive fee with Bitcoin ATMs. Fee can be up to 15%. Can you afford to pay such expensive fee?

Quote
5. Bonus: Gift cards.
Many gift card traders are scammers and it is not a safe trading method.