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How to cash out your cryptocurrencies

How to cash out your cryptocurrencies

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How to cash out your funds
Trade one crypto for another and then cash out. Use a crypto debit card like the BitPay Card � Sell crypto for cash on a central exchange like Coinbase or Kraken � Use a P2P exchange � Seek out a. Cash out at a Bitcoin ATM.

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A third-party application is often used so that the BTC is held in escrow until the seller receives the payment. Additionally, there may be a markup by the exchange as well as network fees. If you purchased your Bitcoin at a lower price, and sell it at a higher price, you may owe taxes on the gain in price from that sale. Reading up on how to cash out Bitcoin, you'll quickly notice that there are quite a few different ways of going about it.