How to buy dollars with bitcoin

Avoid throwing money into coins which are experiencing a sudden and dramatic spike in price and volume. We suggest our listed exchanges and doing your own research before making your final decision. Make sure you meet in a public space. Another way is to ensure that the site the service manages uses https as opposed to the less secure http in their URL. This is why most people just purchase gold online or from a broker. This is due to Know Your Customer KYC laws which require exchanges to record the real world identity of their clients. More on that below.

Read our beginner’s guide to buying bitcoin (BTC) with step-by-step instructions.

Bitcoins have been heralded by many as the currency of tomorrow, but there are still few places that accept. Fortunately, converting bitcoins to a usable currency like dollars is quick and easy. If you want to know how much bitcoin is worth, run a quick internet search on the subject. If you want to actually convert bitcoin to dollars, deposit them in a digital marketplace and sell them to an interested buyer. The digital marketplace will quickly and easily convert your bitcoins to dollars and transfer them to a debit card, bank account, or digital wallet of your choice.

Introduction

Last updated: 17 December We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners. Buying Bitcoin is easier than you might think.

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Bitcoins have been heralded by many as the currency of tomorrow, but there are still few places that accept. Fortunately, converting bitcoins to a usable currency like dollars is quick and easy. If you want to know how much bitcoin is worth, run a quick internet search on the subject.

If you want to actually convert bitcoin to dollars, deposit them in a digital marketplace and sell them to an interested buyer. The digital marketplace will quickly and easily convert your bitcoins to dollars and transfer them to a debit card, bank account, or digital wallet of your choice.

To convert bitcoins to dollars, choose a reputable bitcoin marketplace service with low fees and transfer times. Create an account with the service and deposit your bitcoins, then wait to convert your bitcoins when the exchange rate is favorable. Some services allow you to convert your bitcoins to dollars by transferring them to a debit card or digital wallet, and you may also be able to sell your bitcoins to other users in the marketplace!

To learn more about exchange rates and conversion options, read on! This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness.

Together, they cited information from 10 references. Categories: Bitcoin. Log in Facebook Loading Google Loading Civic Loading No account yet? Create an account. Edit this Article. We use cookies to make wikiHow great. By using our site, you agree to our cookie policy. Article Edit. Learn why people trust wikiHow. Learn more Compare the rates offered by different conversion services and choose the best one.

Even when the average bitcoin conversion rate improves, different conversion services offer different conversion rates. All other things being equal, you should go with the second service to get the most out of your bitcoins. Convert your bitcoin using a service with low fees. Conversion services typically charge a fee for conversion.

Sometimes there is a flat fee no matter how much you exchange, and sometimes the conversion service charges a percentage of the amount you exchange.

Compare the fees associated with the various conversion services and select one that offers the best deal. There are several ways to verify that a bitcoin conversion site is safe. One is to check reputable sources for reviews that verify the integrity of a given site.

Another way is to ensure that the site the service manages uses https as opposed to the less secure http in their URL. Finally, use a conversion service that allows two-factor identification, ensuring that only you will be able to approve bitcoin conversions. Select a service that offers low transfer times.

Some sites transfer bitcoins to your account after 5 days, but faster services could convert your bitcoins to dollars in 3 days or. Sign up for an account. Signing up for an account involves providing your name, date of birth, address, email address, phone number, and other personal information. Select the strongest security options when you sign up.

You might also want to enable a multi-signature option, which requires multiple independent approvals before making a bitcoin conversion or withdrawal. Deposit your bitcoins in the marketplace. The specific mechanism by which you deposit your bitcoins will vary depending on how your bitcoins are currently stored.

Typically, depositing your bitcoins is as easy as clicking «Deposit bitcoins» or something similar near the top of the marketplace’s home page. Convert your bitcoins when the exchange rate is favorable. Over time, exchange rates rise and fall. Wait to exchange your bitcoins until the corresponding dollar value rises.

Check the exchange rate regularly online or sign up for a service that updates you on the bitcoin-to-dollar exchange rate so you’ll know when it improves.

Sell your bitcoins in the marketplace. Some marketplaces allow you to sell your bitcoins to another person. Others allow you to sell them directly to the marketplace, which will then resell them to interested buyers later. In either case, the specific method you use to sell your bitcoins will vary somewhat depending on the marketplace you use. Put your bitcoins on a debit card. Some marketplaces enable you to load your bitcoins onto a debit card that automatically converts them to dollars.

You might be able to get a digital debit card, which simply provides you with a string of numbers you can use for online purchases that require dollars, or you could get a regular debit card in the mail. Transfer your bitcoins to another digital wallet. Some bitcoin conversion services allow you to convert your bitcoins to dollars by transferring them to PayPal, Apple Pay, or similar services. If this is the way you want to convert your bitcoins to dollars, set your payout method to the digital wallet you want to use.

Then, simply sell or transfer your bitcoins to the service of your choice through the marketplace menus. Like all currencies, the conversion rate for bitcoins fluctuates regularly. Run a search through your preferred search engine to determine the current conversion rate. Yes No. Not Helpful 15 Helpful Not Helpful 8 Helpful Not Helpful 3 Helpful 8. Not Helpful 39 Helpful Nishizaka Steel Company. Their service is very fast, and they require no ID. Not Helpful 3 Helpful 5. Include your email address to get a message when this question is answered.

Already answered Not a question Bad question Other. Bitstamp, Wirex, and Coinbase are just a few of the many services that enable you to convert bitcoins to dollars. The best marketplaces will allow desktop as well as mobile access. Related how to buy dollars with bitcoin. Article Summary X To convert bitcoins to dollars, choose a reputable bitcoin marketplace service with low fees and transfer times. Did this summary help you? Article Info This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness.

Did this article help you? Cookies make wikiHow better. By continuing to use our site, you agree to our cookie policy. Co-Authored By:. Co-authors: Updated: March 29, Related Articles.

Buy Bitcoin in:

Avoid throwing money into coins which are experiencing a sudden and dramatic spike in price and volume. This includes your email, phone number, and Bitcoin address. Ease of Use. Remember to include deposit and withdrawal fees as well as trading fees. If most of their feedback is positive, your trade is more likely biy go through without issues. The specific mechanism by which you deposit your bitcoins will vary depending on how your bitcoins are currently stored. Most stock markets only open on weekdays from 9 AM to dolars PM. Enter the amount of bitcoins you want to buy and then press «NEXT». Buy Bitcoin Worldwide does not offer legal advice. In the US you must do this on every transaction. Some exchanges require a Bitcoin wallet before you can buy. Did this article help you? Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Certain exchanges are simply there to steal your personal information or rob you of your bitcoins.