Can I sell my bitcoins and turn it into cash?

in #icos7 years ago

Bitcoins are a completely anonymous digital currency. However, there are still many ways you can convert your bitcoins into your local available cash. Commonly you can sell bitcoins for fiat currency (like USD, Euro,etc) by the following ways:

1.Directly trade with someone who wants to buy bitcoins using currency.
2.Find an online exchange that would buy your bitcoins for some currency (mostly *USD).

The first method may be quicker to set up but is a bit more risky. However, given the recent Bitfinex hack, having money at an exchange is not without risk either. You need to find some trusted exchanges and once you sell your bitcoins, you'll need to withdraw your money from the account on the site to your bank account to be able to use it. Also you can use your Bitcoin to participate in some ICOs to make an investment. The ongoing ICOs are found at https://icohoo.com/.

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