Whether you have just recently purchased your first bitcoin or you are only now looking into doing so, you probably have a ton of questions involving bitcoin conversions and how you can buy and sell cryptocurrencies.

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Among those questions, you may be wondering, “Is it possible for me to sell my bitcoin for cash?”

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The short answer to that question is, “Yes, you can sell bitcoin for cash.”

Of course, like all other cryptocurrency transactions, the way to do it is not immediately obvious if you are a newcomer.

But actually, there are several approaches you can take, and none of them are difficult.

Let’s take a look.

Five Easy Ways to Turn Bitcoin Into Cash Money – Selling Bitcoin For Cash

1. LocalBitcoins

It is hard to go wrong with this site. It is one of the most popular sites on the web for the buying and selling of bitcoin between everyday ordinary people. Currently, you can use LocalBitcoins in any of 15,243 cities in 248 countries.

The company has stated that there are around 1.35 million users globally right now, and that weekly transaction volume is equivalent to around $14 million. So if you are in the market to sell, there are plenty of folks in the market to buy.

Here is how you can use LocalBitcoins to sell your bitcoin for cash:

Start by signing up for an account.
Next, go to the LocalBitcoins homepage.
See the top banner which reads “Buy and sell bitcoins near you?” Look just below that and you will see “Quick Buy” and “Quick Sell” tabs. Click on “Quick Sell.”
Enter in the approximate value of the bitcoin you are trying to sell, select the currency of cash you want to receive, choose a country, and then pick a payment method. Cash options include “cash at ATM,” “cash deposit” and “cash by mail.” Then click the orange button labeled “Search.”

This will pull up a list of buyers who are potentially interested in buying bitcoin from you. You may now skim through the list and select offers to examine more closely.

When you click on an offer, you will find yourself on a new screen which will provide you with the following information:

• An exchange rate.
• Payment methods that the buyer is willing to use.
• Trade limits.
• The buyer’s location.
• The buyer’s payment window.

There is also a section called “Terms of Trade” on the right.

Here the user is able to type out any additional details that he or she wants you to know.

This is where the terms of the exchange can be spelled out clearly and any questions can be answered (like what will happen if the user is unable to deposit payment in time).

Some users who are new to LocalBitcoins are not clear on what “cash deposit” means.

This is where you provide your bank account number to the buyer, who then walks into a branch of your bank, fills out a deposit slip, and then deposits cash directly into your account.

This might confuse you, because after all, that person is not you.

But banks are concerned with who is taking money out of an account, not who is putting it in.

So generally no questions are asked.

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This method is fast, easy and convenient for both parties. If however you are uncomfortable with it, you can use the cash by mail option.

Pros:

• Choose a cash method of your choice for payment.
• Access a huge marketplace of buyers. With more than a million users, this site offers ample opportunities to sell bitcoin locally, no matter where you are located. This also allows you to be picky about the exchange rate you are willing to accept.
• You can sell to a buyer whose terms are acceptable to you. Not only that, but each buyer and seller on the site has ratings based on previous transactions. So if a buyer has a low rating, you know to avoid them. This also means that over time, you will build your reputation as a seller, which should make it easier for you to sell bitcoin for cash in the future.
• Buyers who use this site are often very keen on making a purchase, and may even be willing to give you an amazing price.

Cons:

• There are no guarantees when you are dealing with regular everyday individuals. If you want to sell bitcoin for cash in a hurry and a transaction falls through, then you will have to start all over again.

2. Bitquick.co

Bitquick is not as well known as LocalBitcoins, but it is another very popular website, previously called “BuyBitcoin.US.”

You will find hundreds of positive reviews for it online.

As the name implies, it was set up to make it quick and easy to buy and sell bitcoin. As of the time of this writing, the site has served more than 67,000 customers.

Selling bitcoin is fee-free, as is cancelling the order if you change your mind.

Here is how it works.

1. Navigate to Bitquick’s Sell page.
2. Fill out the form you find on this page. That means selecting the payment method you are willing to accept, filling in the applicable information, and then entering in the amount you want to sell. If you are okay with a range, you can put in a minimum and maximum transaction size; otherwise, you can just enter an exact amount. You can allow for static or dynamic pricing. You then put in your email address, choose an authentic

Bitcoin Cash To Real Money