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April 25, 2018, 06:43:42 AM |
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Method # 1: Cash out the Crypto-Currency Exchange On exchanges, crypto-currencies are used to exchange and buy and sell both crypto-currencies and traditional money. Like ordinary exchanges, they assume the input and output of funds available on the account. You can cash out the Crypto-currency if you exchange it for a traditional one and withdraw it from your account.
The easiest way is to cash out known currencies such as bitcoin or etherium: almost everyone works with them. But there are also exchanges that work with unpopular cryptonyms. For example, Poloniex, which allows you to perform operations not only with Bitcoin, Litecoin, Ethereum, but also with Huntercoin, Radium, Riecoin, DNotes and many others. It is not the only one of its kind.
The first thing you need to find is a stock exchange that will support the required currency pair (ETC USD, if you need to exchange the classic ethery for dollars, etc.). The easiest way to do this is by searching for the right pair in the top-level exchanges (the top is easily located using Google) or by entering into Google a request like "ETC USD exchange". The first option requires more time, but it is more reliable, because the exchanges go to the top including because they are quite safe and fulfill their obligations. On little-known exchanges, the risk of getting scammers is higher. Help determine whether reliability helps.
After registering on the selected stock exchange, you need to replenish your wallet or account by crediting it with the corresponding crypto currency from the cryptichelp. After that, the owner of the crypto currency must put it on the auction for the rate that he considers acceptable. If the exposed rate is adequate and the currency is in demand, there is a buyer and the transaction is concluded. On the account, instead of the crypto currency, there are dollars (euro, yuan, rubles, etc.), and you can withdraw them, for example, to a Visa or MasterCard. Some exchanges support the withdrawal to WebMoney and other payment systems. Options are usually offered in the "Funds withdrawal" section, where you can choose the most convenient.
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