The biggest dilemma most bitcoin customers have is how to convert BTC to USD, and the process is made more difficult by the lack of credible and reliable exchanges.
Seven ways to convert BTC to USD
Bitfinex is one of the most well-known exchanges in the market. It offers a variety of trading pairs, including BTC/USD (Bitcoin to US Dollar), ETH/USD (Ethereum to US Dollar), and LTC/USD (Litecoin to US Dollar). The process of converting BTC to USD on Bitfinex is straightforward.
1) Register an account on Bitfinex
2) Deposit bitcoin into your Bitfinex wallet address
3) Convert your bitcoin to USD by clicking on the “exchange” tab and selecting “BTC/USD.”
Changelly is a trusted instant cryptocurrency exchange that offers BTC to USD transactions at the best rates. The platform can be accessed through both desktop and mobile platforms. In order to use the service, you must select BTC, choose USD as your desired currency, and send your coins from your wallet to your Changelly address.
Coinbase is another reputable and reliable exchange that can buy bitcoins with a credit card or bank account. The company also operates a digital currency wallet that allows customers to store their bitcoin, ethereum, and litecoin. To convert your bitcoin into USD on Coinbase, follow these simple steps:
1) Create a Coinbase account and verify your identity
2) Connect your bank account, debit card, or credit card
3) Buy bitcoin by clicking on the “buy/sell” tab and selecting “BTC/USD.”
LocalBitcoins is an escrow service that allows you to buy and sell bitcoins with other users. The platform offers online and in-person buying opportunities and BTC to USD trades.
1) Create a LocalBitcoins account
2) Choose “buy” under the “services” tab
3) Enter your location, choose your payment method, select the amount of bitcoin you want to buy, and select “search.”
CEX is another trusted exchange that offers the ability to buy bitcoins with a credit card or debit card. The platform also allows deposits into US bank accounts via direct transfer. In order to use this service for BTC to USD conversions, follow these simple steps:
1) Create a CEX account
2) Deposit USD into your CEX account
3) Buy bitcoin on the “buy/sell” tab and select “BTC/USD.”
Kraken is another reputable cryptocurrency exchange that offers BTC to USD conversions with low fees. The platform is backed by some of the most trusted investors in the industry and allows its customers to fund their accounts with USD via bank transfer. To convert BTC to USD on Kraken, follow these steps:
1) Create a Kraken account
2) Verify your identity and connect your bank account
3) Buy bitcoin under the “trade” tab and choose “USD (Kraken)” as your currency
The challenge of how to convert BTC to USD can be avoided when you learn the ways to convert the two currencies. It is a significant process since you will learn about your investments and get an accurate conversion.
The process of converting BTC to USD can be daunting for new customers. Thankfully, some reputable and reliable exchanges offer this service. The best way to find an exchange that meets your needs is to research and compare the features provided by different platforms.
Founder Dinis Guarda
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