If you’re new to the world of cryptocurrencies, you’re probably wondering: “can ethereum be converted to cash?” How can you turn Ethereum into cash without losing much on fees? Those are the questions that are puzzling people. Everyone who’s hoarding or mining ETH wants to know how to turn Ethereum into cash.
In this article, we’ll examine a couple of popular methods for converting crypto to cash. In the end, you’ll decide for yourself which approach to choose.
Offline exchange offices
The safest way to convert Ethereums to cash is by visiting a real exchange office. Major European cities, like Prague, already host numerous companies that provide these services. Exchanging Ethereum to cash is as easy as buying bread now.
If you’re from Prague, you should look at B2Cash. There are no other services in Prague that offer good rates and low fees.
Offline office is a great place, where attentive staff can explain how to convert Ethereum to cash. This can be helpful to those of you who know nothing about how to convert crypto to cash. And for those who want to be sure of total transparency.
Online services
Can you cash out ETH for real money without leaving the flat? Of course, you can. There’re countless websites that are ready to take your coins and give money for them. But you must be aware that sometimes rates on such platforms can fluctuate, which may decrease your profits.
Additionally, you may not like the idea of linking your bank account and crypto wallet to an online-based company. So, how to convert Ethereum to cash online? Use a dedicated platform, pay them fees, and maybe you will receive your money.
Dedicated Crypto ATMs
What if you’re in desperate need of cash and not from Prague? How to turn crypto into cash in this case? You’ve probably seen all those Crypto ATMs in big shopping malls. They can become your friend in time-sensitive situations. Presumably, they’re the best for exchanging on the go. Atm is the answer to “How to turn Ethereum into cash instantly.”
Trade for crypto and then cash out
If all those methods are not for you, how else can you transfer Ethereum to cash? By exchanging ETH for other coins and exchanging them for dollars or euro. Some exchange platforms you may encounter do not support the native exchange of ETH. In such cases, you must buy another token. This can increase the fees you pay and lead to noticeable financial losses. So you better not know how to transfer Ethereums to cash this way.
Use brokers
But how to transfer Ethereum to cash the right way? You can ask brokers to buy your ETH for dollars. This way, you convert Ethereum to cash almost easily. The only thing that may be in your way is the credibility of a broker you choose.
To sum up
So, how to cash out crypto currency? How do you convert ETH to cash? In our opinion, you have five options, but two of them are questionable. That leaves three solid approaches. First – guaranteed and transparent exchange in a real offline office. Second – shady and less legit online exchange on special websites. The third – ATMs. All these methods are viable. The choice is up to you!
