Although the acceptance of cryptocurrencies is increasing, traditional currencies are still relied on for countless commercial operations. That is why, when the time comes, we may need to change our cryptocurrencies to euros and thus be able to make certain payments (although more and more brands are beginning to accept direct payment in Bitcoin and other altcoins).
You may be thinking of withdrawing some percentage of your initial investments in cryptocurrencies for forecasts or simply because you need cash. Whatever the case, here is a selection of different websites that allow you to carry out the entire process from start to finish.
coinbase
Coinbase is one of the most famous cryptocurrency wallets in the world (much more so since its quirky Super Bowl ad with just a QR code bouncing around the screen for 60 seconds).
Coinbase also has a mobile app
Once your account has been created and verified, you can transfer your cryptocurrencies to the wallet, since it is compatible with the vast majority, and later “sell” them to your euro wallet. Once they appear there, you can choose various withdrawal methods , such as a traditional bank account (within 24-48 hours) or a PayPal account with immediate and free transfer.
Bit2Me
Bit2Me is a Spanish company that, in addition to allowing all kinds of operations related to cryptocurrencies, has a large amount of educational material on digital assets on its Bit2Me Academy platform.
App, website and Bit2Me card
The process is quite similar to the previous one. After verifying your personal data to comply with current financial regulations, you can make a deposit of Bitcoin or other cryptocurrencies in the platform’s wallet. Once our balance has been updated, you can sell them and exchange them for euros at any time, both fully and partially. Once the process is finished, they will appear in our ” Euro Wallet ” and from there you can withdraw them to a standard bank account.
LocalBitcoins
Localbitcoins.com is an exchange platform that works as an open market where you can buy and sell Bitcoins, operating under a P2P (person to person) scheme .
Localbitcoins P2P Platform
Despite this operation, we can become sellers to be able to exchange cryptocurrency for euros by selecting the currency, the country and the possible means of payment available. There you can see a list of people willing to give fiat money (euros or another currency) in exchange for your Bitcoins.
kraken
Kraken, one of the oldest exchange platforms , also has the option to exchange your cryptocurrencies into euros (they also operate with dollars). Of course, only if you get the second level of verification ( tier 2 ). The good part is that it is the equivalent of verifying all your personal data including your home and billing address that we have on other platforms.
Kraken Platform
Once verified, you must have the funds in Bitcoin (identified as XBT on Kraken), as it is the only cryptocurrency exchangeable with fiat money, and place a “ Sell XBT for EUR ” order.
There are many options available to sell cryptocurrencies and exchange them for real money. There are multiple factors to take into account that will mark your preferences for one or the other , such as the steps necessary to verify the current account and the time necessary to be 100% operational, if there is any type of commission or those that have a shorter term until the money is available in IBAN account.
