Sending Bitcoin. Sending digital currency to another wallet is not so different from sending a payment via PayPal. To send digital currency directly: Step 1: Log in to your Coinbase account and go to the dashboard. Step 2: Under “Your Accounts” go to the wallet you wish to send from and hit “Send.”. How to Send & Receive Bitcoin with Cash App - A tutorial on how to deposit and withdraw bitcoin using cash app.💸 Get Cash App ($5 FREE): http://cash.me/app/.

1. Do Not Send Bitcoin To A Bitcoin Cash Address
2. Send Bitcoin To Cash App Wallet
3. How To Send Bitcoin Cash To A Bitcoin Wallet

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.

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

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

Do Not Send Bitcoin To A Bitcoin Cash Address

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:

1. Start by signing up for an account.
2. Next, go to the LocalBitcoins homepage.
3. 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.”
4. 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.

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 authentication method, and submit your order.
3. Next, you need to make your bitcoin available. A personalized escrow address will be provided to you after your order is created. Deposit the bitcoin into it.
4. You will receive emails anytime there is a buyer hold or a cash deposit. Once you confirm the cash deposit with BitQuick, the bitcoin will be sent to the purchaser.

Pros:

• This is an incredibly simple and straightforward method for selling bitcoin. The site itself is taking care of all the hard work of matching up buyers and sellers. All you do is kick back and wait.
• You never have to pay any fees to sell your bitcoin for cash here. All fees are paid by the buyers (except cancellation fees, if you choose to revoke your sell order).
• If you do decide you want to cancel a transaction, you can do so quickly, easily and securely.
• Your funds are not released to the buyer until you verify with the website that the buyer did indeed deposit the cash.

Cons:

• You can only choose bank, credit union, or money transfer service (i.e. Western Union) as your method to receive payment. There is no option for cash via mail.
• While BitQuick is arguably easier to use than LocalbitCoins, it is also a lot smaller. So it may take you longer to get a deal that you are happy with. Finding buyers on Localbitcoins may be faster.

On the whole, it is hard to beat BitQuick for sheer convenience.

With Localbitcoins, you have to check buyer profiles and manually accept or reject offers, but BitQuick automates that whole process for you based on the information which you provide when you fill out the form to sell bitcoin.

3. Sell your bitcoins at an ATM.

You probably are aware that there are bitcoin ATMs now where you can walk up and buy bitcoin with cash.

Some of these machines will even create a wallet for you if you do not have one. But did you know that you can also use some bitcoin ATMs to sell your bitcoin for cash?

Interestingly, this is fast becoming a standard feature for bitcoin ATMs, though as of the time of this writing, the majority still only allow you to buy bitcoin with cash. Check out this chart at Coin ATM Radar, though, which shows that nearly a third of bitcoin ATMs now support two-way transactions.

Send Bitcoin To Cash App Wallet

The site above offers a great starting point for searching for bitcoin ATMs near you.

Navigate to the Coin ATM Radar homepage and you can scroll down to see a map of the world. From here, you can zoom in on your location and search for local bitcoin ATMs.

In the lower left are some checkboxes where you can specify what you are looking for and narrow down the results. Look under “Direction,” and you will see that you can specify that you are searching for ATMs which support cash withdrawals.

It may also be helpful to know that the following types of ATMs are most likely to allow you to sell bitcoin:

• GenesisCoin, specifically Genesis1 and Satoshi2 machines
• Robocoin (largely defunct)
• BitAccess
• General Bytes, specifically BATMThree models

Note that there are no guarantees that a particular model will allow you to sell bitcoin, even if it is standard for that model.

The reason is that operators of ATMs are able to enable and disable certain functions, including sell functions.

This means that it is always smart to look up online whether a particular ATM will allow you to sell, especially if you need to drive a long distance to get to it.

If after doing that you still are not sure, call the venue and ask.

If you do find an ATM in your area where you can sell bitcoin, here is how to proceed (in general—the specific steps can vary from one machine to the next).

1. If the machine requires you to verify your identity, then you will need to start out by completing the verification step. The procedures may differ from one model to the next, so do some research before you head to the ATM. That way you can be sure you will have what you need when you arrive.
2. After you complete this step, you can tell the ATM how much bitcoin you want to sell.
3. The ATM will then let you know the exchange rate and the fee, and then it will provide you with a QR code. You can scan this to send your bitcoin.
4. At this point, one of two things will happen, depending on the model. Either the machine will dispense the cash, or it will give you a redeem code which you can use after awaiting a confirmation. Sometimes more than one confirmation (up to six) is needed before you can use the redeem code and get your cash.
5. If you want a receipt, you can print one once your transaction is complete.

Pros:

• There is no denying the simplicity and convenience of ATMs. You already are used to using ATMs to withdraw fiat currencies, so the idea of using them to withdraw your bitcoin as cash has obvious appeal. It is a process which feels safe and familiar.
• When you use an ATM to convert your bitcoin to cash, you are not dealing with another individual. You do not need to worry about another party screwing up the transaction.
• If you pick an ATM which dispenses cash immediately, you have a fast and easy way to get your money.

Cons:

• If you choose an ATM which requires you to wait for confirmations, you cannot just grab your cash and go. You need to wait through the confirmation process.
• ATMs are convenient, but you pay for convenience in the form of hefty fees. Some machines have been known to charge as much as 5-10%. Obviously dealing with this on a regular basis would be incredibly expensive.

4. Use a bitcoin exchange.

One more thing you can do is join a bitcoin exchange.

A lot of people do not think of this option, but it works.

You will discover that there are two different types of bitcoin exchanges:

• Sites where you can buy and sell bitcoin
• Sites where you can trade cryptocurrency pairs

Any site with a simple buy/sell function should suffice, so long as it allows you to sell bitcoin in exchange for a fiat currency of your choice.

Sites which are set up for trading also are fine, though they are a little more complicated to use.

Here are a few sites which I recommend for selling your bitcoin:

• Gemini
• Coinbase
• Kraken

Here is a list of US friendly bitcoin fiat exchanges where you can use U.S. dollars to buy bitcoin and you can sell bitcoin for U.S. dollars.

Changelly is another good site for selling bitcoin, but only in exchange for other cryptocurrencies, so it does not work to convert to cash.

Just as an example of how this can work, let’s consider CEX.IO.

Here are the steps you would take to sell your bitcoin for cash.

1. Register an account on CEX.IO.
2. Deposit bitcoin into your account on CEX.IO.
3. Once you have a bitcoin balance, check the top menu on the site for “Buy/Sell.” Click on it.
4. On the page which opens next, click on the “Sell” tab.
5. On the left, choose “BTC” as the currency that you are selling.
6. On the right, pick whatever fiat currency you want. You can choose US Dollars, British Pounds, Euros or Russian Rubles.
7. Put in however much bitcoin you want to sell. You will see how much cash you can get in return for it. Because the exchange rate fluctuates on a constant basis, the website provides you with a fresh price every couple of minutes. If you do not like the rate you see right now, you can wait and see if a better one becomes available.

Once you have completed the transaction, you will have fiat funds in your CEX.IO account. At that point, you can withdraw them. You can transfer them to a bank account or you can withdraw them using a credit or debit card. Once the fiat funds are in your bank account, you can then withdraw them as regular cash.

Pros:

• On an exchange platform, you have the option to buy, sell and trade cryptocurrencies.
• On CEX exchange you will usually get a premium when selling bitcoin.
• Some platforms (like CEX.IO) show you updated exchange rates every few minutes so that you can sell when the price is in your favour.
• If you want to conduct other currency conversion transactions on the site, you may be able to.
• Once you have transferred your fiat funds to a bank account, you can withdraw your cash anytime via a standard ATM.

Cons:

• Not all exchanges accept customers from every country, and not all exchanges support cryptocurrency to fiat conversions either.
• A few extra steps are involved if you use this method.

5. Sell your bitcoin in person.

Finally, another option for selling your bitcoin is to do it in person. You can do this by joining a local bitcoin meetup group, or you can check on social networking sites like Facebook to see if there are any local groups.

If you decide to use this method to sell your bitcoin, you will be meeting with the buyer face-to-face. You should of course schedule this meeting to take place in a public venue so that you are minimizing your personal risk. If possible, you should ask the trader to show you public feedback which they may have from a site like LocalBitcoins.

How To Send Bitcoin Cash To A Bitcoin Wallet

Once you arrive at the meeting, you can make the exchange however you have planned it. You will probably both show up with your smartphones. The buyer will hand you the cash, and you will transfer the bitcoin to his or her bitcoin address. Then you will go your separate ways.

Pros:

• This can be a fairly anonymous way to exchange bitcoin. You do not need to demand identification from each other, so long as that suits you both.
• This can be a fast and easy method if you find the right person and the right location to meet. And if it works out, you could even end up with a repeat buyer who is easy to deal with in the future.

Cons:

• You have to deal with another person face-to-face. You have no idea how that will go. They could stand you up and waste your time, or they could show up and mug you, etc. Of course, many of these transactions go by without a hitch, so there is no need to be paranoid. Still, a lot of people prefer a method where less can go wrong.
• There is no third party to help you out should something go wrong, and no such oversight to prevent problems from occurring in the first place.

Conclusion: It Is Faster And Easier Than Ever to Sell Bitcoin For Cash

While bitcoin is great to invest in, there are going to be times when you want to convert your bitcoin into a fiat currency like US Dollars. Thankfully, there are multiple methods available to you to convert your bitcoin into cash. Whether you go through a P2P site like BitQuick or LocalCoins, you use an ATM, or you go through a bitcoin exchange, it is easier than you think to convert your cryptocurrency funds into fiat funds and withdraw them.

Here is our guide to Bitcoin wallets. We will present the best wallets to store your crypto-money securely.

What is a crypto wallet or Bitcoin wallet?

A crypto wallet or a Bitcoin wallet is a software that allows you to send and receive crypto-money, such as Bitcoin, Ethereum etc. If you want to send and receive Bitcoin or any other crypto-money, you will need a crypto wallet.

What is the difference between an online and offline wallet?

The crypto wallets, or Bitcoin wallets allow you to store and secure your crypto-money, including Bitcoin, online or offline.

In the case of an online crypto wallet, your crypto-money will be stored on the platform of your choice.

In the case of physical wallets, your crypto-money is stored on a physical device. Your private keys are never exposed and you are protected from various threats (hacker, virus, malware…) that would try to steal your coins.

The best Bitcoin wallets online

When it comes to online wallets it is extremely important to choose a safe and secure platform with a good reputation.

We can no longer ignore the risks of hacking incurred by leaving our money on a cloud service, especially a crypto-shop. Indeed, it rarely happens a whole month without a service falling victim to a hack.

The eToro x wallet comes from the eToro broker, a trading platform with 11 million users and regulated by several financial authorities such as CySEC, FCA and ASIC.

eToro is a well-established platform that was launched in 2006. Their crypto-currency platform started in 2014 and the wallet service in March, 2019.

The eToro wallet supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) and offers immaculate protection for users with 2-factor authentication (2FA) and multi-signature security to ensure the safekeeping of your assets. The portfolio is directly linked to the eToro trading platform.

eToroX wallet users can send and receive Bitcoin and crypto-money from their wallet, which offers a long term solution.

How do I create an eToro X Bitcoin wallet?

Opening a Bitcoin eToro X wallet and sending your cryptos is a very simple process. Just go to the eToro website and download the eToro Wallet application. It is available for iOS and Android.

eToro wallet will allow you to store more than 120 different crypto currencies from your smartphone. You will be able to buy, sell or exchange your currencies very easily.

75% of individual investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money.

Cryptoactives are highly volatile, unregulated investment products. No protection for EU investors.

In second place, we present the Coinbase portfolio, one of the most secure cryptographic portfolios without downloading.

This wallet offers a secure solution for storing more than 100,000 digital currencies, including major cryptos such as Bitcoin, Ethereum, Litecoin and ERC20 currencies.

The main advantage of the Coinbase wallet is the protection and security offered, which includes advanced security measures similar to hardware wallets such as Ledger Nano S or Trezor. The wallet can be used to receive or send crypto-currencies on other platforms.

The wallet also allows to interact with Ethereum-based DApps (decentralized applications) with its integrated DApp browser and is accessible on the Coinbase website, or on the application available for iOS or Android devices.

The best multi-currency and Bitcoin hardware portfolios

If you invest a lot of money and you are looking for a safe to store all your crypto-money, choose a hardware wallet. Below we list our top rated Bitcoin physical wallets for 2021.

• The Nano X Ledger is without a doubt the most accomplished physical wallet to secure one’s crypto-currency at the time I’m writing this (04/10/2019). Developed by the French startup Ledger, the device supports the majority of crypto-currencies, is easy to handle and offers many features, such as the ability to transfer tokens from your smartphone thanks to Bluetooth functionality. It uses a very secure storage system with its WYSIWYS paradigm and BOLOS technology. Our favorite (by far) this year.
• The Trezor Model T is probably the biggest rival of the Nano X. The flagship product of the SatoshiLabs company combines an intuitive interface and enhanced security. The wallet offers a beautiful screen with touch functionality and supports a very large number of crypto-currencies (more than 1000). An excellent wallet.
• The Nano S, also developed by Ledger, comes in 3rd position thanks to its low price. It is a rather simple but very functional wallet. Like its big brother, the Nano X, accepts almost all crypto-currencies. However, it has fewer features and a rather limited memory. In addition, it does not have a Bluetooth option. For people who don’t have the budget to turn to a Nano X, the Nano S is still an excellent choice.
• The Trezor, Satoshi Labs’ second wallet, has the look of a garage remote control, but underneath its rustic look is an efficient wallet. The wallet can be installed with an extension and has a screen a little less readable than the competition despite everything it does the work required and is quite renowned for its security level, for a very attractive price. Like the T model, the device supports more than 1000 crypto-actives, including Bitcoin. A luxury version in aluminum is currently available in a limited edition.
• The CoolWallet S is a hardware wallet developed by the Taiwanese firm CoolBitX supported by several giants including Bitmain. It allows to store Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple as well as ERC-20 tokens. Its particularity is that it is in credit card format so that it can be easily carried in a wallet and go unnoticed. It is also sold as water and fire resistant. An excellent product.
• Manufactured by the Archos company, the Safe T-mini was released in July 2018 and offers the possibility to store about ten crypto-currencies as well as Ethereum ERC-20 type tokens. Priced at 49.90€, it is the least expensive product in its category.
• The KeepKey is a little more expensive than the competition but opinions seem to be unanimous on it. Easy to use (just install an application from the Chrome store via the Chrome browser). It uses a very powerful secure key system and stores Bitcoin, Ethereum and about fifty tokens in ERC-20 format.
• The dual-chip architecture of the Blue Ledger provides a highly secure isolated system. The LED backlit display allows easy navigation to validate your transactions. It can communicate with devices having a USB port or Bluetooth, such as a computer or a smartphone. Thanks to its firmware, it is very modular. Its use is more business-oriented, especially for people with the utility of a large screen.