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Nowadays, businesses all over the world are realizing the benefits of accepting direct cryptocurrency payments for both in-store and online purchases. Despite the promising growth of cryptocurrency holders around the world, the number of outlets accepting crypto as a valid payment method remains quite limited.
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In theory, you will one day be able to use bitcoin for any type of purchase when it replaces fiat currencies, like U. For now, however, there are still relatively few businesses or individuals that accept payment in bitcoin. That is one reason you may want to convert your bitcoin to cash—to use the value of your bitcoin to buy actual things. Another reason is when the market is in decline.
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First, you will need to open an account with Coinbaselink your bank account, and make a deposit. If you need help on how to do this, view our guide here.
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You can either use peer-to-peer exchanges P2P or third-party exchanges. Are you wondering how to cash out Bitcoin to your local currency?
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