Cryptocurrency is now in the spotlight and this is easy understandable. As more and more cash (fiat) is pumped into the market and huge profits are often made overnight, you are probably wondering how you can reverse the Bitcoin/Ethereum investment back into USD/EUR/GBP. Fortunately, there are a few good and fast solutions to do that:
Kraken is one of the top five most popular and trusted exchanges on the market that gives you the possibility to exchange between Bitcoin and EUR and vice-versa. You have several options to do that, however I like best the one that allows you to send fiat directly to your bank account.
Mainly the same as Kraken, Bitstamp is an exchange that also allows you to exchange Bitcoin into fiat and then transfer it to your bank account.
Gemini is a fully regulated, fully compliant, New York-based digital asset exchange for both individuals and institutions. It allows you to exchange Bitcoin or Ethereum into USD.
Bitpanda is Europe’s most popular service to buy and sell bitcoin and Ethereum. It allows you to buy Bitcoin and Ethereum with your credit card and also sell Bitcoin instantly to your bank account.
If you are in a hurry and wish to trade fast, you can visit Localbitcoins.com. It allows you to trade bitcoins in 15147 cities and 248 countries. You just enter your location and it will show you people around you that are interested in buying Bitcoin instantly in the exchange of cash.
Very promising future projects
TenX, Monaco and BitPay are companies that are now trying to implement credit cards that are linked to your cryptocurrency wallets, so you can use them to pay directly to the corner store. Another project that is actually my favorite is Revolut. They have a brilliant mobile app and have lately stated they will soon introduce Bitcoin exchange in the app.
Hope you found this information useful. If you happen to also know other Bitcoin-fiat options, feel free to share them in the comments.