How to convert Bitcoin cash to USD?
Bitcoin cash is one of the largest cryptocurrency in terms of the market cap and you most probably have bought it. But with the continuous rise and fall of the price of cryptocurrency, there are people who want to know – How to convert bitcoin cash to USD? Well, the answer to that is simple all you have to do is follow the simple steps that will be mentioned below.
How to convert bitcoin cash to USD?
There are many ways through which you can convert your bitcoin cash to USD. Here is a list of methods which can be used by you to convert it.
To trade in the digital world there is a continuous need to have a secure channel. So the use of the exchanges can be beneficial as they can provide you with the services that you desire. Some of the common benefits of using the exchanges are – security, fast transactions, free from the hectic works like searching for the buyers and many more. Some of the popular exchanges which are providing you the services are:
- Binance and many more.
But you should know that all these exchanges charge you some amount of transaction fees. This could be high in some and in some it will be low. So before you start using them you should analyze the information and services provided by them. Once you are satisfied you start the trade.
Another method of selling your bitcoin cash is using the method of person to person. In this, you have to search for the person who wants to buy the bitcoin cash. Once you met him or her you can decide the mode of payment you want to have, after that you can exchange the bitcoin cash for the money.
The benefit of using this method is that there is no need for you to pay for the transaction money which is mandatory when you are using the exchange. If you are looking to avoid the transaction fee than this can be the way for you.
But using this method can be disadvantageous as well. This can be for various reasons:
- The chance of meeting the known person is very less. So there is a chance of getting mugged is very high. So for precaution, you should always meet that person in the public places.
- You have to do the extensive search for that person if you do not find that person online in your area.
The most famous platform which provides this service is localbitcoins.com.
If you are in hurry and want to get the cash for the Bitcoin cash then you can use the USDT. In this, your cryptocurrency will be converted into digital cash without any hectic work. This is one of the ways which can reduce your lot of workload as there will be no need for you to convert the currency into the fiat one every time. Here is the list of exchanges which provide you with the facility of USDT.
- Bittrex and many more.
So you know all the possible ways for you to transfer the Bitcoin cash to USD. But before you start the trade you should be sure that you are using the method which can be beneficial for you in every way possible.