how to get money from bitcoin

To obtain cash from your Bitcoin investment, you can either sell it on an exchange, withdraw it from a savings account, or use a peer-to-peer trading platform.

Oct 06, 2024 at 04:30 pm

How to Get Money from Bitcoin

1. Sell Bitcoin on an Exchange

Create an account on a reputable bitcoin exchange.
Deposit your bitcoins into the exchange wallet.
Place a sell order, specifying the quantity and price you want to sell at.
When your order is filled, the exchange will credit your account with the proceeds.

2. Use a Bitcoin ATM

Locate a bitcoin ATM near you.
Insert cash into the ATM.
Scan your bitcoin wallet address into the scanner.
The ATM will dispense bitcoins into your wallet.

3. Peer-to-Peer (P2P) Trading

Use platforms like LocalBitcoins or Paxful to connect with other bitcoin buyers and sellers.
Negotiate the price and payment method directly with the other party.
Once the transaction is complete, the other party will transfer the bitcoins to your wallet.

4. Use Lightning Wallets

Lightning wallets allow you to transfer bitcoins quickly and inexpensively.
Open a lightning wallet and fund it with bitcoins.
You can then transfer the bitcoins to other lightning wallets or exchange them for fiat currency.

5. Withdraw from a Bitcoin Savings Account

Some exchanges and wallets offer bitcoin savings accounts where you can earn interest on your bitcoins.
Withdraw your bitcoins from the savings account to get cash.

6. Sell BTC Gift Cards

Purchase BTC gift cards from exchanges or online retailers.
Sell the gift cards to other individuals for cash.

7. Mining

Participate in bitcoin mining to earn new bitcoins.
However, mining requires specialized equipment and significant electricity consumption, making it less feasible for most individuals.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

H2O

$0.1495

53.44%

Trade Now
FUN

$0.0076

28.59%

Trade Now
BANANAS31

$0.0067

27.15%

Trade Now
KOGE

$43.32

18.70%

Trade Now
XYO

$0.0103

10.83%

Trade Now
HSK

$0.3957

7.31%

Trade Now

Latest Crypto News

BTC to $330K? Decoding the Bitcoin Model That's Turning Heads
2025-06-22 16:25:13
SUI Price Weekly Pattern: Will It Snap Upward?
2025-06-22 16:25:13
Meme Coin Mania: Can Neo Pepe Overtake Shiba Inu in the Presale Frenzy?
2025-06-22 16:45:13
Bitcoin, War Fears, and Hedge Funds: A Contrarian's Delight?
2025-06-22 16:45:13
Virtual Falls, Sell-Offs, and Losses: Navigating Choppy Crypto Waters
2025-06-22 17:05:12
Chainlink, LINK Recovery, and Bitcoin: What's the Deal?
2025-06-22 17:25:12

Related knowledge

Which Bitcoin hardware wallet is better? Comparison of mainstream hardware devices

Jun 16,2025 at 02:08am

What Is a Bitcoin Hardware Wallet?A Bitcoin hardware wallet is a physical device designed to securely store the private keys associated with your cryptocurrency holdings. Unlike software wallets, which are more vulnerable to online threats, hardware wallets keep private keys offline, significantly reducing the risk of unauthorized access. These devices ...

What are Bitcoin non-custodial wallets? Self-controlled private key recommendation

Jun 16,2025 at 11:29pm

Understanding Bitcoin Non-Custodial WalletsA Bitcoin non-custodial wallet is a type of digital wallet where users retain full control over their private keys. Unlike custodial wallets, which are managed by third-party services such as exchanges, non-custodial wallets ensure that only the user can access and manage their funds. This means no intermediary...

What is Bitcoin BIP44 standard? Multi-currency wallet path specification

Jun 15,2025 at 04:08pm

Understanding the BIP44 Standard in Bitcoin and CryptocurrencyThe BIP44 standard, which stands for Bitcoin Improvement Proposal 44, is a widely adopted hierarchical deterministic wallet structure used across various cryptocurrencies. It defines a structured path format that enables wallets to support multiple currencies while maintaining consistency and...

What is Bitcoin HD wallet? Advantages of layered deterministic wallets

Jun 16,2025 at 03:56pm

Understanding Bitcoin HD WalletsA Bitcoin HD wallet, or Hierarchical Deterministic wallet, is a type of cryptocurrency wallet that generates multiple keys and addresses from a single seed phrase. Unlike traditional wallets that create random private keys for each transaction, an HD wallet follows a structured hierarchy to derive keys in a deterministic ...

Is Bitcoin zero-confirmation transaction risky? Zero-confirmation usage scenarios

Jun 15,2025 at 03:57am

Understanding Zero-Confirmation Transactions in BitcoinBitcoin zero-confirmation transactions, often referred to as 'unconfirmed transactions,' are those that have been broadcast to the network but have not yet been included in a block. This means they have not received any confirmations from miners. While these transactions can be useful in certain con...

What is Bitcoin P2SH address? Difference between P2SH and P2PKH

Jun 16,2025 at 09:49pm

Understanding Bitcoin P2SH AddressesA Pay-to-Script-Hash (P2SH) address in the Bitcoin network is a type of address that allows users to send funds to a script hash rather than directly to a public key hash, as seen in earlier address formats. This innovation was introduced through BIP 16, enhancing flexibility and enabling more complex transaction type...