How to ‘Cash Out’ Your Cryptocoins

There are a few different ways to cash out your cryptocoins. Usually what you want to do with smaller altcoins is to sell them for either Bitcoin or Ether and sell those using one of the services listed below to cash out.

QuadrigaCX

QuadrugaCX is a Bitcoin and Ethereum only exchange. Some funding/withdrawal methods will only become available after you have verified your account. It took about 3 weeks for me, so be patient if you’re going to use this route. The best thing about this exchange is the plethora of different withdrawal methods.

LocalBitcoins

Just as the name states, LocalBitcoins lets you sell your bitcoins, locally! On localbitcoins, you will be able to sell your bitcoins for a bit higher than market value. Only deal with reputable members there. Even though the transactions make use of escrow, scammers will chargeback after the coins are released (mostly with PayPal and Credit Cards). Fortunately, the rating system on the site is great so if you do some basic research you shouldn’t get burned here.

Remitano

Remitano provides a common ground for Bitcoin buyers and sellers to trade Bitcoin directly with each other. Secure trade using the escrow system to ensure fairness amongst traders. And also provide users with a Bitcoin wallet.

From the five methods above, you should be pretty good when it comes to cashing out your Bitcoins. As always, be sure to always activate 2 factor authentication wherever possible to keep your funds safe.