Thread: Misc I have a dumbass question about Bitcoin
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Old 09-19-2020, 04:19 PM   #8
BWillie BWillie is offline
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Join Date: Apr 2006
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Quote:
Originally Posted by Megatron96 View Post
Pretend I don't know anything about cryptocurrency. How do you convert it to cash or USD for deposit into a bank acct? Are there fees or is there a conversion rate, all that type of stuff. Dummy it down for a 12 year old. And how much of a pain in the ass is the process?
Coinbase (right into checking account)
Local Bitcoins (trade for cash, paypal etc)
Bitrefill (gift cards)

Many other services out there.

Conversion fees probably like 0.25 to 0.50 pct
Last edited by BWillie; 09-19-2020 at 04:42 PM..
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