Do you want to exchange BTC to EUR? It isn’t as fast as it might seem. However, there are a few ways to do it, each of which has its advantages and disadvantages. We recommend you use a centralized exchange like B2CASH. What’s the trick? You will be able to trade your Bitcoin with the equivalent of up to 270,000 Kč.
Before you convert Bitcoin to Euro using B2CASH, you should know how the whole process goes. Read on to know more.
Table of Contents
Start by exploring the reputable exchanges
Crypto exchanges let you complete a wide range of operations. You can buy and sell your crypto assets, whether it comes to your Bitcoin or other cryptocurrencies. For example, B2CASH has become incredibly popular in Prague, Czech Republic. This crypto exchange office provides safe, clear, and transparent services for crypto holders.
The exchange gets connected to your bank account. Then, a certain amount of euro gets transferred to your account within several working days. Exchanges happen to be the safest way to convert cryptocurrencies to real money. But they enable fiat withdrawals which aim to support the most popular coins only. You will most likely need to convert altcoins and tokens into Bitcoin, Litecoin, or Ethereum before making a withdrawal.
Check out local services
Local crypto exchange services make it possible for you to convert BTC to EUR by selling your assets to people living around you. They usually don’t ask buyers for identity verification. Nevertheless, they are able to establish a decent level of protection for buyers and sellers.
A peer-to-peer marketplace allows users to post bids each time they buy and sell Bitcoin. In some cases, you can even sell your Bitcoin above market price. You can get money in person, via a bank transfer, or online payment processor. Make sure to look through the available service feature before you pick the most suitable option for yourself.
Consider a prepaid card
Bitcoin prepaid card is another way to convert your crypto assets into real money. These cards can be funded via different cryptocurrencies. You will have to go through the application process. Then, getting cash will make things super easy.
You need to load the card with Bitcoin from your ewallet. Then, you will use it to get cash out at ATMs and to purchase goods in the shop. For example, you can use Wirex, which is accepted across Europe. Just get familiar with extra charges like a fee for ATM withdrawals and an account management fee. These details are mentioned in the terms and conditions of the selected ewallet.
Find a Bitcoin ATM
Bitcoin ATMs are considered to be incredibly convenient for use. But they aren’t available everywhere.
If you have at least one Bitcoin ATM in your city, you can send Bitcoin to the machine and get money straight away. This can be a smart option for people who get paid in Bitcoin. By the way, you should be ready for fees, which might be quite high.
A final note
Before you convert your BTC to EUR, you should think twice. Do you really want to sell your crypto assets? If you are absolutely positive about it, you should take action. After conversion, your Bitcoin will be transferred from your ewallet. Of course, you may wait a bit until the operation is completed.
Whichever method you choose, you should examine it thoroughly. How much do you pay for the conversion? How long does it take to finalize the deal? The selected method must have features that might help you do everything well.
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