How to Buy and Trade Cryptos: A Beginner's Step-by
  • How to Buy and Trade Cryptos: A Beginner's Step-by-Step Guide
  • About Me
  • Content
  • 1- Manage Security
  • 2- Open a Bitcoin Wallet
  • 3- Buy and Sell Bitcoin / Cryptocurrencies
  • 4- Decide which crypto to buy
  • 5- Portfolio - Which Cryptos Manolo owns
  • 6- Strategies
  • 7- Turn Bitcoin into Money ($ £ € ...)
  • 8- DeFi - Decentralised Finance - Passive Income
  • 9- TAXATION
  • 10- How to stay updated with the cryptos
  • Conclusion
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7- Turn Bitcoin into Money ($ £ € ...)

The final step is converting Bitcoin into traditional currency ($, £, €) for spending your profits. Essentially, sell your Bitcoin (or cryptos) for local currency. I prefer the easy route, using a VISA card loadable with Bitcoin, Ethereum, Litecoin, and DAI. Companies like WIREX offer this service.

https://app.wirexapp.com/join/ZHA_EMkSqEGcHnAnX1sQFg

Open an account with them and obtain a card (choose between virtual or physical cards, similar to those from your bank). Transfer your BTC and other cryptos to Wirex, and either withdraw cash or use the card at any store.

Or use my referral link https://crypto.com/app/comqay1k6z to sign up for Crypto.com and we both get $50 USD :) This is also a really good place to buy and sell your crypto. They have a VISA debit card that you can use everywhere.

For the larger amount, I exchange the crypto at Coinbase, then wire the money to my bank. I prefer and trust Revolut, an online bank that offers amazing exchange rates and security. https://revolut.com/r/manolofnk (they also offer crypto but fees are too high for my liking)

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Last updated 2 years ago