- Convert Bitcoin into Cash with P2P Trading. Sell Bitcoin directly to other Binance users to exchange them for your local fiat currency. Browse a variety of Bitcoin listings to shop for the best offers on Bitcoin from other users. To place an order, you must first place your Bitcoin (or other cryptocurrencies) into the P2P wallet portion of your.
- Press Withdraw Bitcoin. Scan a QR code address or press Use Wallet Address to enter one manually. Confirm with your PIN or Touch ID. You must have a balance of at least 0.0001 bitcoin to make a withdrawal. You can withdraw up to $2,000 worth of bitcoin every 24 hours and up to $5,000 within any 7.
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In 2017 Bitcoin Cash forked out of Bitcoin and the amount of buzz it created is no more a secret.
According to me, it was a planned fork to overtake Bitcoin. A form of attack on Bitcoin or Bitcoin core as the Bcashers call it. But it is no 2019, and the dust has settled.
The market has come to a conclusion which is the original Bitcoin and which is merely an altcoin. This realization of the market is making many Bcashers (BCH) to flock to Bitcoin.
Some of you might be exchanging Bcash (BCH) to BTC for the first time. Use this step by step guide for your purpose to do it cautiously because crypto transactions are irreversible.
Let’s get started:
How & Where To Exchange Bitcoin Cash (BCH) To Bitcoin Core?
Step #1.Changelly is my go-to service to exchange or swap one cryptocurrency to another easily and swiftly. Sign-up on Changelly using your email ID. At the start, you are not required to produce any KYC documents, but in the future, as your transaction volume increases, you might be required to provide some ID documents.
Step #2. Check your inbox once you have signed-up for Changelly. Confirm your subscription if you have received an email from Changelly. Ignore this step if you haven’t got any mail.
Step #3. Once you have logged-in to Changelly, you will see this screen. Enter the amount of BCH you want to convert to BTC. As you enter the amount, the BTC field will get auto-filled showing you the number of bitcoins you will get for this conversion.
Step #4. Now click on ‘Exchange Now’ button as shown in the above screen. As you do that you will see this screen showing you the high-level details of the conversion such as fees, exchange rate, time, etc. You can here too, change the amount of Bitcoin Cash that you wish to exchange for Bitcoin.
Step #5. Once you have checked the details, click on ‘Next Step’ as shown in the above image and you will see this next screen asking for your Bitcoin address. This is the address on which you will receive your bitcoins so enter this very cautiously as shown below.
Note: If you don’t have a Bitcoin address yet we recommend you to get one for yourself by choosing an appropriate Bitcoin wallet from this list of reliable wallets.
Step #6. Now click on ‘Next Step,’ and you will be shown on this screen. Check all the minute details of the exchange like time, fees, exchange rate, address, etc. This is the final check before you proceed for actual exchange, so do make sure to verify everything thoroughly.
Step #7. After checking the details, click on the ‘Confirm & Make Payment’ option shown in the above image. Once you do that you will see this screen asking you to deposit BCH coins on a particular address. Use your BCH wallet or exchange to send BCH on this address by either scanning the QR code or copying the address.
Step #8. Once you have transferred the funds to this address, it will run on autopilot. You will see this screen telling you about the exchange ‘Wait for exchange’. This wait time is basically for the BCH blockchain to confirm the transaction, and once sufficient confirmations are achieved, it will confirm.
The swapping process itself is almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:
- Getting confirmations
- Exchanging BCH to BTC
- Sending Bitcoin to your wallet
Step #9. Sit back, relax and do nothing. Just wait for your transaction to confirm and Changelly to exchange your BCH to BTC. Once that is done, you will automatically see this screen informing about the successful conversion. You can also check the actual transaction on the blockchain by clicking on ‘See transaction on the blockchain.’
Congratulations, Tada….!!! You have done it
Note: BCH to BTC conversion can take up to 3 hours because of the large number of confirmations that BCH exchanges are taking these days for precaution.
Conclusion: Convert or Exchange BCH To BTC-Is It Wise?
That’s how you can safely convert your Bitcoin Cash to Bitcoin core using Changelly. Changelly is a renowned name in cryptosphere serving the industry from 2015, so don’t worry about your funds as their support is quite supportive.
On the other hand, exchanging BCH to BTC is a wise call because I don’t think BCH will continue to exist in the top 10 currencies in the next ten years. Moreover, the grounds on which it was forked are already shaky, and there have been again a fork of BHC into BCH SV, which just increases the drama with no substance.
That’s why I think Bitcoin, which is the most liquid of all cryptos is a safer bet than Bitcoin cash.
Don’t forget to follow us on Twitter @themoneymonger for much such article’s updates
Even though Bitcoin transactions aren’t nearly as anonymous as everyone hoped, there are still several ways how you can convert your Bitcoin funds to USD cash while keeping your identity hidden to a considerable extent.
Are you looking to cash out your Bitcoin?
LocalBitcoins is the best way to exchange Bitcoin to cash. You can make the exchange anonymously with private and experienced sellers. And in some areas, it might be the only way to exchange Bitcoin where exchanges are not available. Get started here.
Trade Locally Using LocalBitcoins
LocalBitcoins is a Finland-based service that facilitates the over-the-counter trading of local currency in exchange for Bitcoins. The service allows you to trade Bitcoins in 15,650 cities and 248 countries around the world, and all that’s required from you to use it is a simple account registration and verification, which can be completed in just a few minutes.
How Do I Convert Bitcoin To Cash In Luno
LocalBitcoins displays advertisements from users, who state exchange rates and payment methods for buying or selling Bitcoins. Other users may reply to these advertisements and negotiate the terms of trade. LocalBitcoins acts as an intermediary, providing an escrow and conflict-resolution service, in addition to the platform itself.
Most local trades using LocalBitcoins happen in larger cities. Two LocalBitcoin users agree on a meeting place and a time for the trade to occur and typically use a smartphone Bitcoin wallet to perform the transaction itself. LocalBitcoins has its Android app, which is a must-have for any local trading.
Withdraw Cash from Bitcoin ATM Near You
There is a growing number of Bitcoin ATMs, which are Internet-connected machines that allow people to exchange Bitcoins for cash, and vice versa. Bitcoin ATMs can be typically found in high-traffic areas, such as shopping malls or train stations.
How Do You Convert Bitcoin To Cash On Coinbase
The Bitcoin ATM Map app from CoinATMRadar allows you to find all Bitcoin ATMs near you quickly. It even lists all the cryptocurrencies each ATM supports as well as its address, fees, limits, and sometimes even pictures and other useful information.
Just keep in mind that Bitcoin ATMs usually charge very high transaction fees. It’s not unheard of to pay more than $50 in fees alone for a single transaction performed using a Bitcoin ATM.
Spend It or Buy Gift Cards
Thousands of retailers and services around the world accept Bitcoins, including such giants as Amazon and Overstock.com. If you’re willing to jump through a few hoops, you could purchase some high-demand items, for example, the Samsung Galaxy S8 Edge or the iPhone 8 Plus, with your Bitcoins and then sell the item on eBay for cash.
Read our previous article for more recommendations of Bitcoin-friendly stores, including Gyft, which provides a great way how to buy gift cards online for retailers like Amazon, Starbucks, and iTunes with Bitcoins.
Best way: Coinbase/GDAX
Coinbase is a very popular digital currency exchange headquartered in San Francisco. Coinbase users can trade Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with fiat currencies in 32 countries. Because Coinbase complies with the Bank Secrecy Act, which prevents money laundering, it requires its users to go through a simple verification process.
How Do You Get Bitcoin Cash
As such, Coinbase isn’t anonymous, but it is reliable and trustworthy. What’s more, the exchange offers a fantastic app for Android and iOS, which has even become onf of the most downloaded app in the Apple App Store.
Are you looking to cash out your Bitcoin?
How Do You Convert Bitcoin To Cash
LocalBitcoins is the best way to exchange Bitcoin to cash. You can make the exchange anonymously with private and experienced sellers. And in some areas, it might be the only way to exchange Bitcoin where exchanges are not available. Get started here.