Though bitcoin is known as the most popular currency of the future still there are very few to acknowledge it as a source of the currency. But you will be amazed to know that it is very easy to convert bitcoin to USD. If you desire to convert bitcoin to USD then you have to deposit the bitcoin in the websites which sell the bitcoin and then you have to sell your bitcoin to the respective sellers, who are eager to buy them.
The website through which you have sold your bitcoins will quickly convert bitcoin to USD and sent the amount to your bank account and then you can withdraw it.
The following is the steps through which how you can exchange bitcoin for USD is provided:-
Step1:-Choose the appropriate conversion portal:-
Tally the different conversion rates and select the best rate:-
If the bitcoin conversion values elevate also, still all the different conversion portals have different conversion rate, for example, one portal will offer 1 bitcoin to USD is $2000 and the other will offer 1 bitcoin to USD as $2200.if you notice the values are equal in numerous portals then follow the next step.
You should always choose the service portal which charges the lowest service fees to convert 1 bitcoin to USD; there are also sites which charge a flat rate for conversion irrespective of the amount of the bitcoin is converted.
Ensure that you scrutinize the conversion service portals before convert bitcoin to USD. You can check the safety by either reading the reviews about the service portal or even by the fact that how many factors does it identify while converting bitcoin USD.
choose the service sites through which your bitcoin can be transferred to your account as fewer days as possible.
Step2:- Sign Up & Upload the Bitcoin:-
First step which you should do is open your account, you have to fill the details which is asked like the name, contact address, email id , mobile number, bank account and any electronic mode of payment.
To convert bitcoin to usd you should choose the strongest options for security so that your transfer takes place with utmost security.
it is very easy to deposit the bitcoins as it will be done with only one click in the icon which can be seen adjacent to the top of the homepage of the marketplace.
Step 3:- How to Convert Bitcoin to USD
You should always convert bitcoin to USD at the time when the conversion rate is beneficial for you. Sometimes it is found that the conversion rate goes down and eventually goes up. There is no such fixed percentage or value which declares it to be an apt percentage for the conversion. But it is found that mostly bitcoin owners exchange their bitcoin when the rate of the bitcoin rises more than 5 % of the rate they invested and others feel that the best time exchange the bitcoin is when the value of the bitcoin goes up $100.To get the best rate you should search daily what is the rate of exchange bitcoins to usd.
There are different kinds of marketplace whether you can sell you bitcoin, some of the marketplace let you sell USD to bitcoin to other individuals and some offers you to sell to the marketplace and then the marketplace sell the bitcoins to the sellers. So the selling of the bitcoins depends upon the marketplace which you are using. Once the bitcoin is sold then you can convert bitcoin to USD and then to your bank accounts.
it is noticed that certain marketplace refrain you from using your debit card to store your bitcoins, as this process will convert bitcoin to usd automatically, rather some marketplace offers you to store your bitcoins in the computerized debit card which is utilized to buy things online as the value gets converted to the USD value.
Some of the transfer service portals permit you to convert bitcoin to USD only after it is transferred to the Apple Pay, Pay Pal or any other service portals. If this method is fine with you then you have to set a digital wallet in which the balance will be sent automatically once your bitcoin is sold .But there are certain pitfalls of having a digital wallet as well:-
The high amount of fees have to be paid if you desire to convert bitcoin to USD and you have to lessen the limits when converting to a bank account.
This is the good option for people who want to purchase the commodities through digital mode. And never want to experience the tension of transferring your money from the bank to the digital wallet.
Thus, it is very important to know the basic, strategic and the above steps should be known to you if you want to avail the best rate of converting bitcoin to usd.