There are several ways to cash out or convert your digital currency to cash.
CryptoConnect will gladley exchange cash or cheque for your bitcoins. Certain limits and miniums are applicable. Please contact [email protected] for more info
Direct trades: Direct trades can be performed through direct trade selling platforms like Coinbase and LocalBitcoins.
Exchange trades: An individual can sell bitcoins by registering on an online exchange. Once the individual verifies their identity they can participate on the exchanges as sellers.
The exchanges are intermediaries that hold the participant’s funds. The seller places a “sell order, while the buyer places a “buy order”, they both state the volume and the type of currency the wish to sell the bitcoin (or any cryptocurrency) in and the price per unit that it should be sold for.
Once an individual places a matching buy order the exchange will proceed and the transaction will be processed. The currency will then be credited into the sellers account.