How To Turn Bitcoin Cryptocurrency into Fiat Currency Cash.

Turning Bitcoin, Bitcoincash, Litecoin, or Ethereum cryptocurrencies   into fiat currencies or hard cash is possible.

Exchange Bitcoin Cryptocurrency for Cash

It will take a little bit of time and some effort to set up the system, but it is achievable and once your system is, in place it will serve you well.

Apologies  if this subject is rather off topic but it is in my opinion worth mentioning. Especially if you have some spurious cryptocurrency  in a wallet doing nothing. Follow the steps outlined below.

Step One: Set up an account with CoinBase for this you will need some form of photo identification and it will take a few days to complete.

Step Two: Set up an account with Revolut again you will need photo identification and you will have to send ten pounds via bank transfer to your new  account to ‘validate’ it. This is not a problem as you can immediately withdraw it after validation to your chosen bank account at no cost.

Make doubly sure that you use exactly the same name as you used to sign up with Coinbase. This is VERY important. I came rather unstuck at this point having used my full name on Coinbase and omitting my middle name on Revolut. It took a bit of sorting out with too and fro emails with tech support but I got there in the end.

Step Three:  The all important method of getting your BTC LTC ETH into your bank. Send your Cryptocurrency to your Coinbase account.

Sell your Cryptocurrency for Euros, a simple procedure that takes a few mouse clicks and seconds to complete. Then transfer / withdraw (send) your  Euros to your Revolut account. This is the only step of the way that will incur a fee one Euro for the exchange from cryptocurrency to Euros and 0.15 Euro for the withdrawal. It might take a few days for the transfer to complete you will receive an email telling you when to expect your funds and an onscreen message. Though most of the transfers I have made have completed within three or four hours so the transaction is lightly to be much quicker than the estimated funds arrival time.

Step Four: : Once your funds have arrived as Euros into your Revolut account exchange them for the Fiat currency of your choice and withdraw them, again at no cost to the bank of your choice.

There you have it, a method of converting cryptocurrencies into fiat currencies.

I hope this helps and if you have any questions please leave a comment below.

 

 

 

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