How To Convert Crypto To Cash

Do you have crypto that you want to convert to cash and you don’t know how to start? Do you want to know how to convert crypto to cash? then you are in the right place Because, in this article, I will ensure that I will try as much as I can to walk you through the process to the level that I’m sure that you will be able to handle it without asking for help.

But before I start by giving you the steps on how to convert crypto to cash, I think it is better if I, first of all, tell you that you carry this out if you don’t have a wallet. so then, why don’t we start from there?

To convert crypto to cash;

1 Create a wallet: A wallet is like saying open an account in which you will use to store your money. to convert your crypto, you will, first of all, have a wallet that will help you to receive your crypto during the process.

Some of the wallets that you can easily use are Cold wallet, Hot wallet, or software wallets, etc. This wallet gives access to the users. Note; No matter which of the wallets you have chosen to make use of for your business, ensure that you keep all the details safe just as you keep your physical bank account details safe and secure

2 Locate a crypto exchange: To convert your crypto, you will need a secured crypto exchange that will help you do the transaction, and among the best crypto exchanges are coinbase, Binance, etc. These are the top 2 of all that you should use.

So proceed to the crypto exchange site you have chosen and then create an account with them. This will help you by giving you access to a lot of wallet addresses that are already registered on the site as yours.

This address is what will help you to be able to transfer your coins from your current wallet to the crypto exchange wallet which you just created.

To do this depending on your wallet, you will have to try and find where the send option is, once it is found, click on it to send then you will be asked to input the destination address where you are sending it to, When you reach here, remember the address you saw on your crypto exchange account, that’s your Address, copy and paste it correctly. Confirm to be sure.

3 After confirming and you are sure that it is correct and there is no mistake, then proceed by clicking on the send option.

This will easily signal the system that you are sure and that you are ready to proceed with the process, it will then start the journey by moving it from one wallet to the other. This can be carried out within a minute so don’t panic, if you don’t notification immediately. But then you can still be checking your wallet to know what is going on through the transaction.

Now that you have successfully conducted your transfer into the crypto exchange wallet which you created, it is then time to trade it for cash. So without wasting time, let’s proceed to how to convert it to cash.

How to convert crypto to cash

Now that everything is taken care of and your crypto exchange wallet is ready, let’s convert it to cash.

Before you start, confirm your account again to be sure that the certain amount that you wanted to convert to cash accredited in your wallet. once you have confirmed and everything is in place, you can then proceed to the next step.

1 Check for the exchange market that converts crypto to the currency of the cash you want to cash out, once you have found one, check the exchange rate. if you are okay with it, then the only thing stopping you is to buy your crypto in the market, this will help you to find a buyer faster than using a different means with a different currency.

Let me explain. For example, You want to convert crypto to cash that is worth $1000 or 1000 EUR, etc. maybe is Ethereum or Bitcoin, etc. you will have to find a bitcoin market that deals with $ or you find a market that deals with EUR. This will help you not to lose when you finally want to convert it for your currency.

That’s it. Success.