Bitcoin has become very popular in the short time since its inception, and more and more individuals and businesses are adopting it as a medium of exchange to pay for goods and services.There are some applications available as a crypto currency trading platform. 3commas offer users such kinds of services but it is not advised to use their service as there are many authentic alternatives available to choose from. However, some companies have not yet embraced Bitcoin, and will still not allow you to use the digital currency to pay. This means you need to cash out BTC before you can use the fiat currency to shop.
Additionally, cryptocurrencies tend to be more volatile than fiat currencies. If you have some bitcoins and their value has appreciated significantly, you might want to cash them out to protect yourself from losses if the price drops.
Here are some ways to cash out Bitcoin instantly:
Using an exchange
One of the ways you can use if you are exploring how to cash out Bitcoin instantly is using a reliable exchange. Typically, exchanges are platforms that provide a facility for the buying and selling of bitcoins to take place. Some, such as Nakitcoins, operate a physical office where you can walk in and sell your bitcoins instantly for cash. The best thing with cashing out your cryptos in a physical office is that it is fast, safe, and works well if you want to transact anonymously. Also, some exchanges charge lower costs for the conversion.
You can also sell your Bitcoins on an online exchange. When using this approach, you need to find a reliable exchange on the internet. Some examples of these include Coinmama, Coinbase, Nakitcoins, CEX.io, and others. After that, you transfer your bitcoins to the exchange to trade them for fiat currencies like USD or Euros. Depending on the exchange, they can send your cash to your bank account or any other payment channel so you can withdraw bitcoin for cash.
Selling BTC with a credit card
Another option for those searching how to cash out Bitcoin instantly is to use platforms or exchanges that allow Bitcoin holders to withdraw money directly into their credit card accounts. This method will enable you to use your credit card, be it a Mastercard or VISA credit card, as a bitcoin cash out card.
Although this way of converting bitcoins to cash is faster, it tends to be a bit more expensive. One exchange that allows selling BTC with credit cards is CEX.io. CEX allows users to withdraw funds to their Visa or MasterCard. The charges for the service to withdraw BTC via a credit card as fiat currency range between 1.2% and 3%. The costs vary according to the card type.
Using Bitcoin ATMs
In the same way that there are cash ATMs, there are Bitcoin ATMs. These are machines that accept BTC and allow users to withdraw fiat currencies. However, it is not all the Bitcoin ATMs that give you the option to sell BTC; some only allow users to buy Bitcoins.
Unfortunately, ATMs limit the amounts you can withdraw, so this method may not work well for you if you want to cash out large amounts. But if you’re looking to convert smaller amounts, this may work well for you. You can use a Bitcoin ATM locator tool to find the nearest machine to you.
If you have been searching ‘how to cash out bitcoin instantly,’ now you know how to do it. When you choose a method to cash out your BTC, consider, among other things, the transaction fees, the ease of converting BTC to fiats, the amount you intend to convert, the method of paying out the option offers, and the speed of service.