Converting Bitcoins To Cash

Tue Oct 03, 2017 12:05 am

Hello,

I am running a business, and one of my investors has suggested paying his investment money in bitcoins. Is there a way to transfer the bitcoins that we receive from him to our company bank account so that the money can be withdrawn from an ATM? Thank you so much.

bitkilo · Tue Oct 03, 2017 4:46 am

Hello,

I am running a business, and one of my investors has suggested paying his investment money in bitcoins. Is there a way to transfer the bitcoins that we receive from him to our company bank account so that the money can be withdrawn from an ATM? Thank you so much.

The easiest way to do this i think would be to set up an online bitcoin wallet for yourself, depending on where you live Coinbase could be an option but any online bitcoin wallet that let's you connect you bank account.
Once you have set up an online wallet and verified your bank account you will be able to transfer the bitcoin directly to your bank account as local currency. Some wallets will let you link a bitcoin debit card too so you can also make withdrawals that way.

Whatever you end up doing just remember to never keep many bitcoins in an online wallet, if the site gets hacked you could lose all your coins so only ever keep enough online to use and then keep the rest in either a wallet that you control the private keys to like the Bitcoin.com wallet or if you have a lot of bitcoins you will want to look into offline storage like a hardware wallet such as a Trezor, Ledger or Keepkey, paper wallets also work if you know how to create them securely.

Tue Oct 03, 2017 8:15 am

Thanks for sharing this easy tips for convert the bitcoins.

Wed Oct 04, 2017 2:08 pm

Of course it's easy to change your crypto money to real money on card, you can just use one of exchengers, you can find list of reliable exchengers here https://rates.guru/

Tue Oct 10, 2017 12:46 am

it is actually really easy to convert cash to bitcoin.

Bitcoin ATMs are in all major cities at gas stations, smoke shops etc and its a quick process. (http://bitcoindepot.com has a lot of ATMs where I live but it seems that ATM companies vary by region)

Usually you only need a phone number and a wallet app to purchase (sometimes ID depending on the amount)

you could also use something like http://cashtocrypto.com if you want to avoid ATM fees and deposit your cash into a bank account