How do I withdraw money from my bitcoin wallet to my bank account?

So, you have enough Bitcoins now and wish to cash them out on an urgent basis? Or, you need some cash money urgently but you have converted it into Bitcoins? You can easily transfer money from your Bitcoin wallet to your bank account. But it is not as simple as you think it to be. For this purpose, there are different methods, through which you can cash Bitcoins.

If you do not wish to undergo a lot of hassle for cashing out your Bitcoins, you can opt for one simple method. For this purpose, you need to look for someone who is interested in buying Bitcoins. After that, you can transfer your Bitcoins to his blockchain wallet and ask him to pay you in cash. You can either receive this amount manually and ask him to transfer it to your bank account. In case, you are unable to find anyone for this purpose, then go for the next method.

bitcoin wallet

8 Easy Steps to CASH OUT your Bitcoin wallet

To withdraw cash from the Bitcoin blockchain wallet, follow the steps given below. This can be only done via an exchange platform such as Coinbase.

  1. First of all, you need to open an account on the Coinbase platform. After this, you need to link your bank account with it and make some deposits.
  2. After linking your bank account, you need to transfer your Bitcoins to the Bitcoin coinbase address. For this:
    1. First, click on the ‘Account’ tab.
    2. Now, open your Bitcoin blockchain wallet.
    3. Next, click on the ‘Receive’ button.
  3. Further, you need to tap on the ‘Buy/Sell’ option at the top of the page.
  4. Here, you need to select the ‘Sell’ option.
  5. Now, in the next window, you will see two options; the first one tells about ‘Sell from’ option which is the Bitcoin wallet and the second one is ‘Deposit to’ option.
  6. In the ‘deposit to’ section, you will see the amount in Euros or USD based on your location.
  7. Now, exchange the figures from Bitcoins to your currency.
  8. After doing this, select ‘Sell Bitcoins instantly’ and the money will now be transferred to the account that you have linked with it.

Read Also: Buy and sell Bitcoin on Bittrex

How do I cash out my Blockchain wallet?

To cash out your Blockchain wallet, follow these easy steps given below:

  1. First of all, you need to open your Bitcoin wallet from whatever platform you are using it.
  2. After this, you have to choose the cash withdrawal amount.
  3. Further, review your transaction and follow some easy prompts.
  4. During the process, enter your password when asked for it, and you are done.

Hopefully, this easy-to-follow tutorial has helped you in cashing out your Bitcoins from the Bitcoin wallet.

Visit: Bittrex Support

 

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