As a digital currency, bitcoins exist only electronically - all of this can be seen as trading records between different addresses. If you want to convert your bitcoins into real stationery dollars that you can keep in your hands, there is only one solution - you need to find a person or service that wants to make a deal. Demand for fast and simple Bitcoin exchange services is growing worldwide. The exchange rate depends on the dynamics of the free market, but you can use the CoinDesk Bitcoin price index for reference.
There are 5 basic ways of doing business:
Redemption Online
This sales structure requires you to interact with a prospective buyer directly using an intermediary site to make it easier for you to sign in with a specific charge. Basically, it works this way: you must choose a suitable financial service, create a vendor account, and complete authentication to start using your account. Some services may freeze your bitcoins when you post a sales offer to prevent fraudulent activities. When you pay, the site will transfer the encryption to the buyer.
Coinbase. You can use this financial service to transfer your bitcoins for free. If you want to sell your digital currency, you will need to pay the service fee depending on the payment method you selected: 1% -2% for a US bank account, 1% for Coinbase USD wallet and 3.75% for PayPal .
BitBargain. With regard to this service, the commission for sellers whose ID has not yet been verified is 0.005 BTC (or 0 BTC if the identity is verified), the commission for transactions is 1%. If you want to receive an SMS, you will need to pay 0.0003 BTC, a bank verification process costs 0.02 BTC.Withdraw Cryptocurrency To Bank Account - Bitcoins To Dollar
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