How long does it take to convert Bitcoin to cash?
WilliamIf you decide to cash out your Bitcoin using a broker exchange (such as Coinbase), then it will normally take about 1-5 days for the money to reach your account. For EU customers, payments are made via SEPA (withdrawals paid in Euros). However, if you want to sell Bitcoin for USD, brokers normally use the SWIFT payment method.
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US Customers
When you place a sell order or withdraw USD to a US bank account, the money usually arrives within 1-5 business days (depending on the withdrawal method). The delivery date will be shown on the Trade Confirmation page before your order is submitted. You can see when the funds are expected to arrive on your History page. If you reside in one of the states that support the Coinbase USD Wallet, sales into your USD Wallet will occur instantly.
European Customers
Since your local currency is stored within your Coinbase account, all buys and sells occur instantly. Withdrawing to your bank account via SEPA transfer generally takes 1-2 business days. Withdrawal by wire should complete within one business day.
United Kingdom Customers
Since your local currency is stored within your Coinbase account, all buys and sells occur instantly. Withdrawing to your bank account via GBP bank transfer generally completes within one business day.
Canadian Customers
You can sell cryptocurrency instantly using PayPal to move funds out of Coinbase.
Australian Customers
Coinbase currently does not support selling cryptocurrency in Australia.