With the help of cryptocurrencies, you can pay a bill in a cafe or buy goods in an online store. DW found out where to spend bitcoins and how to transfer virtual money into real money. Despite the scepticism of central banks in a number of large countries, bitcoin does not lose its popularity. The cryptocurrency once again strengthens its position after last week it lost about a third of its value. The massive sell-offs of bitcoin then led analysts to warn that its course was greatly overvalued.
Cryptocurrency has been very popular lately. Indeed, it provides a wide field for activities on the Internet and the opportunity to really get rich. However, the next question immediately arises. Bitcoins and other coin stores do not accept and bread, as they say, cannot be bought directly from them. Then how to cash out a cryptocurrency so that the efforts to extract it are not in vain and do not carry only “sports interest”?
It is clear that the main task of all miners, investors and traders is to maximize profits and not just in the virtual world, they say, we have a lot of wealth there, but in reality, it means nothing. Man wants to live well- this is natural. Therefore, it is important to know all the ways how to withdraw cryptocurrency to your bank card. And there are not so many of them:
- cash out using the exchange;
- through exchangers;
- using classic electronic money;
- directly with the buyer;
- through the terminal;
- Through a special cryptocurrency card (electronic or exactly the same as a regular plastic credit card).
Each of these methods has its own advantages and disadvantages, so it is worth approaching the choice of the option that is most convenient for you. But, as practice shows, it is best to try to buy cryptocurrency in Ghana and then withdraw it into real money in small amounts by all methods, and then already determine for you the priority direction.
Today on the Internet it is not difficult to find exchange portals that are ready to transfer virtually “everything to everything.” And in all this diversity you can literally get confused. Fortunately, there are so-called aggregators that accumulate information and offer from various platforms and provide it to users in a convenient format.
We personally recommend using only popular exchanges for bitcoin, since there are a lot of scammers on the Internet. Commissions at different sites are also different.
Withdraw from binary.com using mobile money
The advantages of this method:
- Confidentiality to a certain extent. It is clear that operations with bank cards a priori cannot be completely anonymous.
- Everything happens pretty quickly, without delay.
Withdraw cryptocurrency through the terminal
Previously, when the Internet was not accessible to everyone, people used terminals to pay their bills. Also, with the growing popularity of cryptocurrencies, similar terminals appeared, but working only with cryptocurrencies. They are called cryptomats. With their help, you can both withdraw cryptocurrency into real money, and vice versa, replenish your cryptocurrency wallet at the current rate.