Bitcoin is a system made to fit the standards of an on-the-go person. It’s widely accessible, simple to use, and lifestyle-driven. In fact, thousands of merchants have sprung up online to make the growth of e-commerce even bigger, trading and buying-and-selling even easier.

The amount of people using Bitcoin is increasing, and with those crypto earnings comes the need to convert Bitcoin to cash for easier finances.

There’s plenty of ways to do it, and the easiest of them are listed down below.

Converting Bitcoin to Cash

Online Exchanges

Imagine traveling to a foreign country. In order to buy goods and services within the area, you’ll need to exchange your money with a currency that matches theirs, right? It’s the same with Bitcoin. You can convert Bitcoin to cash through online exchange sites like:

Coinbase - Coinbase provides a user-friendly interface where people who wish to purchase Bitcoin can do it as easy as they can trade their Bitcoin to cash through a simple conversion process. Of course, there are fees incurred for availing such service. Usually, exchanges that are done via bank accounts impose a 1.49% fee and those done via credit card up to 3.99%.

Bitcoin ATMs

As the name implies, retrieving the cash equivalent of your Bitcoin is possible. Although fees are a bit expensive because it can spike up to 10%, in instances where you’re in dire need of cash, this definitely comes in handy.

You can do so by opening an account with a service provider, accessing the given wallet address, and withdrawing the cash from partner ATMs.

Bitcoin Debit Cards

Bitcoin users now have the option to have a physical card linked to their crypto wallet. They can use this card whenever they wish to purchase goods and services online or in-store, and the conversion takes place during the transaction. This ensues more convenience because you won’t have to convert the coins prior to making a purchase.

Availability of Bitcoin debit cards is predominant in Europe and North America, but its reach is gradually increasing. The fees for such depends on the card issuer, and added rates are usually caused by volatility- so be sure you’re updated with Bitcoin prices.

Peer-to-Peer (P2P) Transactions

One of the first methods designed for Bitcoin-to-cash conversions is through Bitcoin users trading amongst themselves. Fees are imposed by the blockchain itself, and while the system may require tight validation standards, there are third-party sites like Localbitcoin to aid users in participating in such activity.

Beyond its easy transaction and payment schemes, there’s much to learn about Bitcoin especially when you start developing your digital assets. But knowing how it circulates is a start, and a must for those who plan to use it on a regular basis.