Can you transfer your bitcoin to cash

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Sign up on a peer-to-peer exchange platform and choose the location of your ideal buyer. Then, use the marketplace to find buyers. Most peer-to-peer platforms have an escrow option where your Bitcoins are not released to the buyer until you have confirmed you have received payment. While using the peer-to-peer selling method, it is crucial to be aware of fraudsters. Also, it is highly recommended to use a peer-to-peer platform that lets you keep your Bitcoins locked until you verify the payment has been obtained from the buyer.

It is worth noting that if you cash out your crypto assets, then you will need to pay taxes on your profits — although crypto currently exists in a legal grey area in India, investing in this asset is not outside the ambit of taxes. He is intereste Breaking News. One subscription for all our journalism. Written by Mehab Qureshi Pune November 3, pm. Through cryptocurrency exchanges The first method to convert any cryptocurrency into cash is through an exchange or a broker, this is quite similar to the currency exchange system at airports of a foreign country.

Read more Crypto over gold on Dhanteras? Why GenZ and millennials are thinking different. The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards. Tags: cryptocurrency. You may also like. Is Cryptocurrency a Good Retirement Investment?

Cryptocurrency , Retirement. Learn if investing in cryptocurrency can diversify your retirement investment portfolio and maximize your investment returns. Read more. February 26, Broad Financial vs. Alto IRA vs. Directed IRA vs. How to Report Cryptocurrency on Taxes.

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Blockcypher api ethereum	Cryptocurrency, the blockchain-based digital currency that has captured the interest of investors and financial service firms alike, has a challenging problem. Bank Transfer. Very pathetic and despicable. Morning Brief Podcast. However, this compensation also facilitates the provision by Banks. However, since there are money laundering restrictions on brokers, you have to withdraw your money through the same bank account that you made a deposit with.

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