How to Withdraw Bitcoins to Cash in 2018

　　In 2018, the world of cryptocurrencies was rapidly evolving, and Bitcoin remained one of the most popular digital currencies. With its increasing value and widespread adoption, many individuals and businesses were looking for ways to convert their Bitcoin into cash. This article will guide you through the process of how to withdraw bitcoins to cash in 2018.

　　Firstly, it is important to understand that withdrawing Bitcoin to cash involves several steps and considerations. Here is a detailed guide on how to accomplish this task:

　　1. Choose a Bitcoin wallet: Before you can withdraw your Bitcoin, you need a Bitcoin wallet. A Bitcoin wallet is a digital storage solution that allows you to send, receive, and store Bitcoin. There are various types of wallets available, including mobile wallets, desktop wallets, and web wallets. Choose a wallet that suits your needs and ensure it is secure.

　　2. Set up a bank account: To withdraw your Bitcoin to cash, you will need a bank account. Make sure you have a valid bank account with a routing number and account number. This information will be required when you initiate the withdrawal process.

　　3. Find a Bitcoin exchange: To convert your Bitcoin to cash, you will need to use a Bitcoin exchange. A Bitcoin exchange is a platform where you can buy, sell, and trade Bitcoin. Research and choose a reputable exchange that offers the services you need. Some popular Bitcoin exchanges in 2018 include Coinbase, Kraken, and Bitstamp.

　　4. Create an account on the exchange: Once you have chosen an exchange, create an account by providing your personal information, including your name, email address, and phone number. You may also need to verify your identity by providing government-issued identification documents.

　　5. Deposit Bitcoin to the exchange: Transfer your Bitcoin from your wallet to the exchange. This can be done by generating a unique Bitcoin address on the exchange and sending the desired amount of Bitcoin to that address. Ensure that you double-check the address to avoid sending your Bitcoin to the wrong recipient.

　　6. Place a sell order: Once your Bitcoin is deposited in your exchange account, you can place a sell order. This involves specifying the amount of Bitcoin you want to sell and the price at which you are willing to sell it. The exchange will match your sell order with a buyer's buy order.

　　7. Withdraw cash: After your Bitcoin is sold, the exchange will credit the equivalent amount to your bank account. This process may take a few minutes to a few hours, depending on the exchange and your bank's policies. Once the funds are credited to your bank account, you can withdraw the cash from an ATM or make a withdrawal from your bank.

　　It is important to note that there may be fees associated with withdrawing Bitcoin to cash. These fees can vary depending on the exchange, the method of withdrawal, and your bank's policies. Additionally, be cautious of scams and fraudulent exchanges. Always research and choose reputable platforms to ensure a safe and secure transaction.

　　In conclusion, withdrawing Bitcoin to cash in 2018 involves several steps, including choosing a Bitcoin wallet, setting up a bank account, finding a reputable Bitcoin exchange, depositing Bitcoin, placing a sell order, and withdrawing cash. By following these steps and exercising caution, you can successfully convert your Bitcoin into cash.

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