Converting Bitcoin to Cash aka Selling Bitcoin

By January 18, 2020 Uncategorized

Can Bitcoins be Converted to Cash? – Michigan BTC to Cash ATMs

It’s the most frequently asked question among new investors. Can Bitcoins be converted to cash? It’s also the easiest to answer. Yes, turning Bitcoin into cash is possible. However, new investors need to know how to do so safely.


Can Bitcoins be Converted to Cash at My Bank?

Is it time to cash out your Bitcoins? If so, doing so isn’t as straight forward as you might imagine.

You might have bought Bitcoin you own using your credit or debit card. However, banks don’t allow you to deposit Bitcoin back into your account. Instead, people looking at how to exchange Bitcoin to cash have to do so via a third party.

  • Bitcoin can be sold for cash peer to peer. (This is where you arrange for someone to deposit cash into your bank account in return for Bitcoin.)
  • Bitcoin can be sold on exchanges and in return, exchanges will credit your bank balance.
  • Prepaid credit cards exist that can be funded with Bitcoin.

Sadly, all these methods carry a certain element of risk. Scam artists exist who reverse payments after completing peer to peer transactions. Prepaid credit card issuers and banks are also notorious for freezing account balances without warning.

Thankfully, there is a safer way to turn Bitcoin into cash.


Converting Bitcoin into Cash Using Bitcoin ATMs

Thanks to brands like Budget Coinz, turning Bitcoin into cash is safer and easier than ever.

Based in Michigan, Budget Coinz operate several Bitcoin ATM locations. At all of these, new investors can buy Bitcoin with cash. However, several Budget Coinz Bitcoin locations also allow users to convert Bitcoin they already own into regular U.S. dollars.


How to Find a Bitcoin ATM ‘Near Me’ in Michigan

Turning Bitcoin into cash at a Bitcoin ATM allows you to instantly withdraw your Bitcoin as cash. The process is also just as easy as using a regular ATM. All you need to do first, is find the nearest Bitcoin ATM to your location.

To find your nearest Bitcoin ATM, click here to see an always up to date map of your nearest ATM locations. Once you have found a Bitcoin ATM ‘near me’, all you need to do next is plan a trip and decide how much Bitcoin you want to cash out.


Can Bitcoins be Converted to Cash at Any Bitcoin ATM?

Yes, at a BudgetCoinz two-way Bitcoin ATM.  BudgetCoinz Bitcoin locations support converting Bitcoin into cash. However, ATM locations that do support Bitcoin to cash conversions are clearly labeled as red on the live ATM location finder available here.

Do you need a fast, easy, and safe way to convert Bitcoin into cash? If so and you are based in Michigan, a Budget Coinz Bitcoin ATM is the answer. Even better, all Bitcoin ATMs allow you to buy Bitcoin with cash instantly.

Find your nearest Bitcoin ATM in Michigan now by clicking here.

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