Help - Converting my BTC to actual cash - wire transfer?

[brownplayboy310]

Hello, I have some BTC and I need to convert some of it to actual cash due to some unexpected bills. Any advice?

[bitkilo]

Hello, I have some BTC and I need to convert some of it to actual cash due to some unexpected bills. Any advice?

If you wish to sell your bitcoins you will need to open an account at one of the many Bitcoin exchanges listed on our: Exchanges page, send your bitcoins to the exchange deposit address (which you will usually find in the 'deposit' section of your exchange account), sell them on the exchange and then withdraw the fiat currency (Euro, Dollar, etc.) to your bank account.

[FlyButterfly]

You can compare exchanges here: http://www.coinparator.com/compare-exchanges/

There are 2 obstacles thou:

1) Converting cryptocurrency int money always require verification. Uploading your passport or ID. Verifying your identity by exchange. It might take 1 - 3 days.

2) It's not instant. Whole exchange + money transfer might take up to 3 days.

Dunno how urgent your unexpected bills are. But you are looking for ~6 days all together before you will cash out your crypto.