To sell bitcoin using your Cash App: Tap the Investing tab on your Cash App home screen; Tap Bitcoin; Press Sell; Select an amount or tap to enter a custom amount; Enter your PIN or Touch ID and select Confirm. Just enter the total amount of Bitcoin you have on deposit and select “Withdraw” (right). You can also deposit bitcoin to sell back to Cash app using the deposit screen (left), but that is for another article. From here, you will give Cash App your wallet address.

During the Bitcoin bull, many altcoiners flock to Bitcoin.

It is the same for Zcash HODLers too. While there might be several reasons to get rid of Zcash but the only I think is because Bitcoin is superior to Zcash in all terms. (excuse privacy for now)

1. To sell bitcoin using your Cash App: Tap the Investing tab on your Cash App home screen; Tap Bitcoin; Press Sell; Select an amount or tap to enter a custom amount.
2. After this, choose the wallet you would like to use. Currently, cashing out is available for Bitcoin BTC – More coins will be added for Sell in the future. As you have picked the right wallet, select the amount of BTC to convert to cash. Click Proceed to Check Out.

Excuse because BTC will eventually develop privacy and making other private coins like Zcash redundant in the future. But that’s just my opinion about which only I should care.

So use this guide if you are someone who wishes to convert their ZEC to BTC for whatever reason. This guide will help you in a step by step manner to exchange ZEC to BTC most quickly and safely!!

So here is it:

How & Where To Exchange Zcash (ZEC) To Bitcoin (BTC)?

Step #1. For converting ZEC to BTC, the first step is to sign-up for Changelly using your email ID. There are other services also to do this exchange, but for this tutorial, we have taken Changelly because it is one of the oldest crypto swapping services in the market. Moreover, it doesn’t require any KYC or ID verification to start with !!

Step #2. Check your inbox and confirm your subscription to Changelly. Ignore this step if you haven’t got any mail from them.

Step #3. The vital thing starts from here. Now once you are logged-in to your Changelly account, select the amount of ZEC coins you want to exchange for BTC. Choosing the amount of ZEC will auto-populate the BTC amount, and it will show you how much you will get in bitcoins.

Note: In this example, I am exchanging 10 ZEC for BTC

Step #4. Once selected the amount of ZEC now click on ‘Exchange Now’ button shown in the above image. As soon as you do that you will see the below screen showing you the gist of exchange like fees, exchange rate, time, etc. Verify the details here, and you can even change the amount of ZEC you wish to exchange for BTC here too.

Step #5. Once verified, now click on the ‘Next Step’ button shown in the above image. As you do so, you will see this screen prompting you to put your BTC address where you wish to receive your bitcoins. Enter your BTC address with caution and if you don’t have a BTC address yet, get one by choosing from our popular list of wallets for Bitcoin.

Step #6. Once you have entered your correct BTC address the ‘Next Step’ button shown above will get enabled automatically. Now click on it to see this screen, which will show you the exact details of the exchange. Note: These are the details just before you proceed to do the actual conversion.

Step #7. Once you have checked the details, click on ‘Confirm and make payment’ button. As soon as you do that you will be shown ZEC address. This address belongs to Changelly, and you need to send your ZEC coins on it to initiate the conversion as per the details shown to you before.

So take your ZEC wallet out and copy the address or scan the QR code to transfer ZEC on it.

Note: You have 36 hours to send funds otherwise the transaction will be canceled automatically, but I suggest you send it ASAP before the exchange rate of ZEC/BTC pair changes.

Step #8. As soon as you transfer ZEC to BTC, your conversion will start, and you will see this screen ‘wait for exchange.’ It means Changelly is waiting for the Zcash’s blockchain to confirm the transaction. It usually takes a few confirmations before the actual deposit is considered successful and it might take an upto 30 mints for this.

The swapping process itself happens almost instantaneously, but the network takes the rest of the time. Typically, the swap comprises of these three stages:

• Getting confirmation
• Exchanging ZEC to BTC
• Sending Bitcoin to your wallet

Step #9. The only thing you need to do now is to wait for Zcash transaction to get sufficient transactions and Changelly to exchange it for BTC. Once that is done, you will see this screen informing you about the successful conversion.

On this screen, you can also check the actual transaction history on the blockchain by clicking on “See transaction on Blockchain” button as shown in the above image.

Congratulations, Tada….!!! You have done it

Conclusion: Which Is the Easiest Way To Convert ZEC To BTC

In my opinion, this is the easiest and the safest way to change your Zcash coins to BTC because Changelly’s UI is very clean and intuitive even for first-time users.

Moreover, Changelly has been doing this since 2015 and have developed expertise in supporting new users. Their support staff is quite proactive, and in my case, they have responded to me promptly whenever I have reached out to them.

Lastly, though this guide is for exchanging ZEC to BTC the process of changing BTC tor ZEC or any other currency that is supported by Changelly is the same.

So feel free to use this guide and do send it to your friends who want to exchange from one cryptocurrency to another in a hassle-free way !!

And don’t forget to follow us on Twitter @themoneymonger for much such article’s updates

You want to know how to cash out bitcoin to your local currency and directly into your bank? This is arguably the only guide you will need to read to start cashing out or spending your cryptocurrencies like fiat starting from today.

In this guide we will be looking at seven (7) ways to cash out bitcoins and other cryptocurrencies you might have accumulated:

1. One-on-One Transactions
2. Cryptocurrency Exchanges
3. Peer-to-Peer (P2P) Exchanges
4. Crypto Loaded Prepaid Cards
5. Crypto-Backed Loans on DeFi platforms
6. Your Local Private Bank
7. Over the Counter (OTC) Markets

These are practically the safest, fastest, and least expensive ways of converting your bitcoin and other cryptocurrencies to fiat.

Fiat refers to your government-issued physical currency.

How to Cash Out Bitcoin – Factors to Consider:

Your choice of which method to use in cashing out your cryptocurrencies may be influenced by:

• The ease and cost of cashing out your crypto.
• How you want the money – physical cash, bank deposit, or other forms of electronic money like PayPal.
• How soon or urgent you need the cash.
• The local currency and your government’s regulations regarding bitcoin transactions.
• The amount of bitcoin you want to cash out.

So, without much ado let’s examine in detail how to cash out your bitcoin and other cryptocurrencies to cash and directly into your bank account.

1. How to Cash Out Bitcoin in One-on-One Transactions

This is probably the fastest and least expensive way to cash out your cryptocurrency – cash out your bitcoin by selling it directly to another individual looking to buy the coins and get them to pay you in your local currency either by physical cash or bank deposit.

What do you need for successful one-on-one bitcoin cash-out transactions?

1. Someone else who wants to buy bitcoin and willing to deal directly with you.
2. Your ability to transfer bitcoin from your wallet to their wallet.
3. The person’s ability to pay you the physical cash equivalent of your bitcoin.

This transaction can happen face-to-face in your living room, at a bar or restaurant in your neighborhood; and it can also be executed via text, chat, mail or other means of communication if the other person is not within the same geographical location as you.

However, you can’t do a long-distance transaction with a stranger –will you? NO. So this method is only workable when dealing with someone you know so well like your parents, siblings, spouse, colleague, and other close acquaintances.

2. How to Cash Out Bitcoin through Cryptocurrency Exchanges

Cash Out Bitcoin Directly to Bank from Exchanges

Several major cryptocurrency exchanges such asBinance, Kraken, Bitstamp, and Coinbaseto name a few have integrated fiat gateways that make it possible for their customers to transact between fiat and cryptocurrencies.

Binance, for example, has partnered with Advcash (Advanced Cash LTD) to make deposits and withdrawals of fiat currencies such as EUR, RUB, UAH, and KZT possible on their platform.

Coinbase also, –one of the most regulated and trusted cryptocurrency exchanges in the world offer a safe and convenient way to cash out your bitcoin to fiat on their platform; but first, you have to link your bank account or Credit and Debit Cards to the exchange and complete the compulsory KYC verification process –this is standard practice and requirement among all cryptocurrency exchanges that deal with fiat.

More so, in compliance with KYC and international Anti-Money Laundering (AML) regulations; most cryptocurrency exchanges will require you to verify your bank account by making a small “test deposit” before you can cash out bitcoin through their services and you may only withdraw to the same account that you deposited with.

It’s something you should take note of when trying to initiate crypto cash-out transactions.

How long does it take to get my money from Exchanges?

Let’s take Coinbase for an example.

• For US customers on Coinbase, withdrawals to the bank take between 1-5 business days (depending on the method used)
• For European customers withdrawals to your bank account via SEPA transfer generally takes 1-2 business days and 1 business day for withdrawals via wire transfer.
• UK customers can expect to get the money into their bank account within 1 business day.
• PayPal withdrawals are instant for US, Europe, UK, and CA, customers –check theCoinBase FAQfor daily payout limits

Please note that there are usually transfer fees and other charges you might incur for the withdrawals.

Check with the respective exchanges you use for the latest information on applicable charges and withdrawal policies.

One of the major advantages of using this method is that you can withdraw a reasonable amount of money based on the level of your KYC you have completed without much stress and they’re relatively safer.

More so, you can cash out several other supported cryptocurrencies on the exchanges along with bitcoin.

However, if you prefer a more anonymous and faster method of cashing out your crypto, then you may want to consider using peer-to-peer exchanges like Paxful and LocalBitcoins.

3. How to Cash Out Bitcoin Using Peer-to-Peer Exchanges

The most popular peer-to-peer exchanges you can use to convert your bitcoin to fiat are LocalBitcoins and Paxful.

These two popular bitcoin market places operate in almost all countries of the world so anyone reading this guide right now can access them and use their platform to cash out bitcoin to fiat and directly to their bank.

As the name suggests, Peer-to-peer exchanges provide the platform for individuals to trade bitcoin among themselves without involving a third party.

Peer-to-peer exchanges are mostly escrow-based with a transparent and straightforward fee structure.

These exchanges offer certain advantages which make them appealing to many cryptocurrency enthusiasts looking to cash out bitcoin:

1. Peer-to-Peer exchanges offer greater anonymity.
2. Peer-to-Peer exchanges offer users the ability to negotiate exchange rates.
3. Peer-to-Peer exchanges offer greater speed

However, there’s a high possibility of getting scammed if you’re not vigilant –that’s just the basic draw-down of this option to cash out bitcoin -security is not top-notch like the regular cryptocurrency exchanges.

How Does Peer-to-Peer Exchanges Operate?

First, you need to open an account on any of the exchanges –for example, LocalBitcoins; then complete your profile setup and place a trade request to sell bitcoin.

You can specify your preferred payment method. Some of the payment options include:

• Bank transfers
• Cash deposits
• Gift vouchers
• Skrill, Payoneer
• Western Union
• Neteller
• PayPal
• Mobile money
• Meet in person in your neighborhood and trade for cash settlement

Once you get a buyer, both of you can negotiate rates and then initiate the transaction. Your coins are locked in the escrow wallet until you confirm receipt of cash.

Neither you nor the buyer can access a coin that’s held up in escrow during a trade until the deal is successfully closed and if any problem arises along the line; the admins will step in to verify your claims and settle the dispute accordingly, based on evidence.

Make sure you’re trading on reputable peer-to-peer exchanges to avoid scams. The platform itself can scam users, so be vigilant and read exchange reviews before you move your funds there.

4. How to Cash Out Bitcoin Using Crypto Loaded Prepaid Cards

Crypto Loaded Debit Cards

The drive for crypto mass adoption has led to many projects introducing innovative products aimed at bridging the gap between crypto and fiat; thus making it super easy for ordinary people to be able to buy and sell cryptocurrencies easily.

One of such efforts to make the crypto to fiat conversion smooth and convenient for most users is Crypto Debit Cards.

The cards are preloaded with bitcoin and any other supported cryptocurrencies the issuing Company supports and can be used to withdraw your funds across millions of ATMs around the world or simply use for shopping on thousands of online merchant stores and in-store POS terminals that accept Visa or MasterCard worldwide.

Does this sound like a way to go in your search for how to cash out bitcoin to fiat?

Let’s examine the various Crypto Debit Card providers in the market, then you can decide which of them you will apply to get their card and start spending your crypto wealth easily.

Best Crypto Debit Cards:

Some of the best cryptocurrency debit card you can consider applying for include:

• Nexo Mastercard–access your money worldwide with zero foreign exchange fees. Monitor your transactions on Nexo Mobil App and enjoy 5% cash-back on all your purchases with the Nexo Mastercard.
• Coinbase Card–allows you to instantly spend the funds in your Coinbase account. Available to Coinbase customers in the UK, Spain, Germany, France, Italy, Ireland, and The Netherlands. The Card is useable anywhere that Visa payments are accepted.
• Wirex–One of the most established companies in the space with over 2 million customers and transaction volume of $2 billion.
• Revolut–Spend abroad with no fees.
• BitPay Visa Card– The BitPay prepaid Visa card is only available to US citizens and are globally useable everywhere Visa cards are accepted.
• MCO Visa–available in Singapore and over 30 US states and counting
• Bitwala–a secure card designed for global spending

This list is by no means exhaustive but they’re the top existing products in the market for you to choose from.

So what factors should guide your choice of a card?

1. Is the card supported in your region?
2. Is it user-friendly or full of complicated processes?
3. How secure are the card and the issuing platform?
4. Is the card reliable? Visa and MasterCard linked cards are more reliable.
5. What are the fees structure and is this transparent? You wouldn’t want to SHARE your money with some crypto card Companies in the name of transaction fees.
6. Does the card support multiple cryptocurrencies and fiat? How many fiat currencies does it support? Is it globally useable?

You will need to take your time and evaluate the various options and choose cards that provide the features that are most important to you.

Now you can carry your crypto everywhere you go with a smart crypto card.

5. How to Cash Out Bitcoin Using Crypto-Backed Loans on DeFi platforms

What if you never really need to cash out bitcoin?

What if you can spend all the cash your bitcoin is worth without actually selling your bitcoin?

What if you go on this spending spree and still enjoy any future price appreciation of the same bitcoin?

All these are made possible by Crypto-Backed Loans on DeFi platforms.

We can simply call them “crypto banks” or “blockchain banks” providing financial services on the blockchain.

How does it Work?

1. You deposit your crypto into the platform.
2. You request a cash advance and the Company transfer the fiat into your bank account.
3. Your deposited crypto is held as collateral for the cash advance.
4. Once you pay back the money you collected, you get your coins back.

That’s just how simple it can get.

So what are the benefits of using this method?

1. It’s a legit way of avoiding being taxed as you are not selling your bitcoin. You’re simply taking loans and loans are not taxable.
2. You still enjoy any future appreciation in the price of bitcoin or whatever cryptocurrency you have deposited. If bitcoin was $10, 000 when you took the loan and when you come to pay it back the price had risen to $20, 000 your wealth just doubled even while you’re spending it –amazing.

Several companies providing this service including MakerDAO,Nexo,EthLend,Salt, and many others in the market.

As is always the case, review the platforms carefully before depositing your bitcoin.

6. How to Cash Out Bitcoin Using Your Local Private Bank

Cash Out Bitcoin Through your local bank

If you are trying to cash out bitcoin worth millions of dollars, you will find that going through a private bank may be the best choice for you.

The bank can help you facilitate both the sale as well as the movement of the fiat equivalent to your desired destinations.

More importantly, why you may want to consider using a private bank is that you will get more professional help with receiving your funds without getting your account frozen due to heavy and sudden cash flow.

7. How to Cash Out Bitcoin Using Over the Counter (OTC) Markets

How To Turn Off Bitcoin On Cash App

A certain volume of crypto transactions is simply not possible with any of the aforementioned options and that brings us to the last item on the list of ways to cash out bitcoin –Over the Counter (OTC) Markets.

What are OTC Markets?

Over-the-counter markets are avenues for participants to trade directly between each other, without the use of a central exchange or other third parties.

In practice, traders in an OTC market really don’t trade directly with each other but goes through what we call OTC desks or exchanges.

OTC desks are maintained by some of the major exchanges such as Binance, Coinbase, and Circle to accommodate traders who are willing to sell large amounts of coins, like miners or early crypto investors who have accumulated millions ad even billions of dollar worth of coins.

More so, there are crypto millionaires and billionaires looking to buy crypto without using the public exchanges.

How To Convert Dollar To Bitcoin On Cash App

You can cash out bitcoin worth millions of dollars by approaching any of the popular OTC market providers and negotiate rates with them.

They have been known to facilitate the large volume of crypto transactions this few years and so far remains the top place to cash out a large amount of coins anonymously and securely.

If you think the OTC market is free of scammers –you’re wrong. The big scammers – like hackers operate here and the same caveat “beware of scammers” applies in this market too if you don’t want to lose huge.

On a Final Note

There we have it –seven (7) ways to cash out bitcoin. As the cryptocurrency industry matures, better and more advanced means of converting your crypto wealth to cash are being developed and released into the market.

How To Convert Bitcoin To Cash On Cash App

Spending your cryptocurrency shouldn’t be a difficult process and we hope that with this guide you find at least one method that works just fine for you –balancing anonymity with security and speed.

Always speak with your lawyer, banker, and other relevant experts when large amounts are involved so you don’t fall on the wrong side of the law or worse –get scammed of your crypto money.

What other ways do you cash out bitcoin to fiat and bank? Share with us in the comments section below.

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