By Sabina Muradova
On Sep 12, 2020
More companies are now accepting Bitcoin, Litecoin, and other cryptocurrencies, but using your coins everywhere can still be difficult. Here are the four best ways to convert your Bitcoin into cash for online and in a store.
Bitcoin ATMs are accessible in most major towns around the globe and provide a comparatively quick way to turn Bitcoin and other cryptocurrencies rapidly into government-issued currency. Many Bitcoin ATMs allow you to purchase Bitcoin the way you would deposit cash at a regular ATM. Most now also support extra cryptocoins like Litecoin and Ethereum.
Several popular online services not only enable individuals to buy Bitcoin and other cryptocurrencies easily through their websites and smartphone apps, but also to sell the cryptocoins they have for the currency issued by the government.
Coinbase is the most common service, while CoinJar is a nice option. Both give Bitcoin, Litecoin, and Ethereum purchasing and selling, while Coinbase also promotes Bitcoin Cash (a totally distinct Bitcoin cryptocurrency) and CoinJar has Ripple.
Many individuals use Coinbase and CoinJar to purchase Bitcoin (and other coins) as their cryptocoins increase in value and cash out their earnings through bank transfer. Others use their accounts to obtain payments from friends, family members, or clients on cryptocurrency.
Cryptocurrency debit cards are a convenient and inexpensive way to spend on nearly any retailer Bitcoin and other cryptocoins. These cards enable their customers to deposit their cryptocoins via an internet website that transforms them into a fiat currency like the US dollar or euro. Monaco, Bitpay, and CoinJar are popular debit card issuers. Each card is driven either by VISA or Mastercard, meaning they operate in most companies for both online and offline shopping. Depending on the geographic region, availability can differ, as can the daily and monthly usage boundaries, so compare each card to locate the correct one.
Another way of exchanging digital currencies is to use cashpoints located in some big cities. If you are in Istanbul or Dubai, Coinsfera would be the best choice. Coinsfera offers fast, reliable and anonymous transaction with over 500 cryptocurrencies. Coinsfera has two offices located in Istanbul/Turkey and Dubai/UAE.
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