Exchange Bitcoin to fiat money

This is probably the easiest of all ways to convert your cryptocurrencies into real money. You just need to go to your wallets’ ‘WITHDRAWAL’ page and type in your Bank wire. But take CARE, this is not always free.

Let us take for example Bitfinex. In their bitcoin withdrawal fees it says 0.100% of the withdrawal amount, with a minimum fee of $20.00. Which is quite a high price to pay for a simple transaction. That is why you should always check the BTC withdrawal fees.

Because wallet to wallet transfers are pretty cheap, we suggest you to find a Wallet-Website, which offers low fees, for example San Francisco based Wallet-Provider Coinbase where the fee is 1% without a minimum (based on our research 11.04.2016). So if you want to transfer ‘just’ one Bitcoin, than you would safe yourself $20 – 0.01*$400 = $16. Which is a lot of money!

By the way, if you join Coinbase over this link, us and you will get 10$ – when buying Bitcoin in value of 100$.