If you are a
fan of cryptocurrencies and have accumulated a fair amount of Bitcoins, it is likely that you are wondering how to turn them into euros. In this article, we’ll explain everything you need to know about converting Bitcoin to cash, PayPal, or other platforms.
Table of Contents:
How to change Bitcoin for cash: the available options
Before you start converting your Bitcoins, it’s important to understand what options are available.
In general, you can choose between: – Exchange Bitcoins into euros or other traditional currencies, such as the dollar or pound, through an online exchange.
– Convert Bitcoins into cash thanks to a physical exchange service.
Use a PayPal account or other online platforms to receive Bitcoin payments and then transfer the funds to your traditional bank account.
Convert Bitcoin to euros on PayPal or other online services
If you prefer to convert your Bitcoins to euros or other currencies online, there are several platforms you can use. Among the most popular are:
– Coinbase: an exchange platform that allows you to convert your Bitcoins into euros or other traditional currencies. You can then transfer the funds to your bank account or credit card.
– Binance: a trading platform that allows you to sell your Bitcoins in exchange for euros or other cryptocurrencies. You can then transfer the funds to your traditional bank account.
– Bitpanda: an exchange platform that allows you to convert your Bitcoins into euros, dollars or other currencies. You can then transfer the funds to your bank account or credit card.
Converting Bitcoin to cash: how to do it
If you prefer to convert your Bitcoins into cash, you can use one of the many physical exchange services in Italy. Among the most popular are:
– CoinATMRadar: a website that allows you to find the Bitcoin ATMs closest to you. You can withdraw cash directly from the ATM after entering your Bitcoin wallet.
– LocalBitcoins: a service that allows you to find people interested in buying your Bitcoins in cash. You can meet the buyer in person and exchange Bitcoins for cash.
Converting Bitcoin to Euros or Taxes: What You Need to Know
If you decide to convert your Bitcoins into euros or other traditional currencies, it is important to keep in mind that you may have to pay taxes. In Italy, in fact, cryptocurrencies are considered as an investment and are subject to a 26% tax on capital gains.
Transfer Bitcoins to a bank account: how to do it
If you have decided to convert your Bitcoins into euros and want to transfer the funds to your bank account, the process is quite simple. You will simply have to use one of the online exchange services that we have recommended to you previously and follow the instructions to transfer the funds to your bank account.
How to convert Ethereum to euros or other currencies
If you have accumulated Ethereum instead of Bitcoin, the process of converting into euros or other traditional currencies is similar. You can use the same online exchange services that we recommended earlier to convert your Ethereum into euros or other cryptocurrencies. New tips to convert Bitcoin to euros
To conclude, here are some new tips that may be useful if you want to convert your Bitcoins into euros:
– Check fees: Before using an online exchange or physical exchange service, always check the fees applied. Some services may charge very high fees that may reduce your earnings.
– Beware of scams: unfortunately, in the world of cryptocurrencies there are many scams.
Be careful not to fall into traps and use only reliable and safe services.
Don’t convert everything at once: If you have a large amount of Bitcoin, it may be useful to convert them into small amounts to dilute the risk. That way, if the price of Bitcoin suddenly drops, you won’t lose all your gains.
