What is the best way to exchange BTC to BCH?

After making more than 100 crypto withdrawals with a dozen exchanges and P2P platforms, the one we’d be happiest using every day for converting BTC into money in your bank account is the Binance. You won’t regret this easy-to-use yet professional exchange with a wallet feature, and completing the job is surprisingly easy.

Binance

• ✅Binance supports more than 40+ fiat currencies for buying and selling crypto with Visa/MasterCard and third-party payments
• ✅Considered to be the largest crypto exchange platform on the planet
• ✅The list of altcoins on the platform has exceeded 140, while transaction fees are ones of the lowest being only 0.1%
• ⛔Do do not open accounts for U.S. residents.

LocalCoinSwap

• LocalCoinSwap is a secure and private way to purchase and sell bitcoins both off and online. The process of creating your new account to having coins in your wallet is seamless and happens in minutes
• The site also does not impose any buying or selling limits. They charge very low fees and are transparent with the fees that they do charge.
• No KYC – LocalCoinSwap does not require you to sign-up with KYC/AML allowing anyone to join from around the world.

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Where to Sell Bitcoin?

As Bitcoin and cryptocurrency continue to explode in popularity, more and more services are coming online to help users get their hands on bitcoin or turn their BTC into USD or other fiat currency in a quick and effective way.

There are several methods for selling BTC, each a little different from each other. And your choice would depend on how much you’re looking to cash out, how much control you want over the eventual price you get for your cryptocurrency, and how much time you have.

1.Exchanges

One of the most common and simplest ways to sell bitcoin online and convert it into hard cash is through an exchange platform. Exchanges act as a middle-man by selling your BTC for you. The most popular platforms are Binance, CEX.IO, Coinmama, Coinbase, and others.

No matter what exchange you choose, you will need to create an account and a wallet and link your bank account to it. You will probably be required to provide a photo-ID for verification before placing any orders. The verification may take a few days or even longer, so make sure you set up your account well in advance of when you plan to trade.

2.P2P exchanges

Peer-to-peer trading is another alternative for selling your BTC. You will probably need to create your account and get verified to confirm your identity. Once you’re set-up, you can cash out your coins in a much more ‘direct’ manner. You can set up a sell order for a specific value and when someone comes along looking to buy at the agreed-upon price, the site will alert you that you can move ahead with the transaction. Once you give it the thumbs up, the buyer pays you, and you then send them the cryptocurrency in return. Sites like LocalCoinSwap or Paxful have numerous methods of conducting the payment, including MoneyGram, gift cards, cash in the mail, and even cash in person.

3.Bitcoin ATM

If you don’t feel like selling BTC online, you can look into bitcoin ATM. Bitcoin kiosks are machines connected to the Internet, allowing the insertion of cash in exchange for bitcoins given as a paper receipt or by moving money to a public key on the blockchain. They look like traditional ATMs, but Bitcoin kiosks do not connect to a bank account and instead connect the user directly to a cryptocurrency exchange. And CoinATMradar is one of the most famous among bitcoin ATMs.

4.Bitcoin gift cards

Bitcoin gift card is another unique way to present coins to your family and friends. After you purchase it online on portals such as bit4coin, the gift card or voucher will be mailed to the specified address. The recipient can easily redeem the gift card against bitcoins at the exchange rate at that time. Such portals don’t just help with the redemption; they also guide on how to open your own wallet.

5.Your Retirement Account

The majority of individual retirement accounts or simply IRAs are managed by custodians or trustees for investors. However, outside of these traditional assets, there are other opportunities such as real estate, promissory notes, tax lien certificates, private placement securities, gold, and even Bitcoins.

It is simple and fast to add BTC to your self-directed IRA. Firstly, you need to open a self-directed IRA through a secure e-sign application; then the new account is funded via a rollover or transfer. Finally, the investor needs to complete a Bitcoin allocation order. You can start using your coins retirement asset after you are 59 ½ years old, otherwise, you will have to face a penalty for early withdrawal.