Nowadays, there are a variety of ways to buy and sell Bitcoin.
From cash transactions at a Bitcoin ATM, to quick and easy online purchases, to trading large amounts through a Bitcoin broker, the rapidly growing Bitcoin ecosystem accommodates all types of user:ins.
Probably the easiest way to exchange Bitcoin for Euros and cash out is either to use a Bitcoin ATM for small cash transactions or to use an online Bitcoin broker like Coinfinity.
Now let's take a closer look at these options.
Probably the easiest way to cash out Bitcoin into cash is at a Bitcoin ATM.
Bitcoin ATMs essentially work the same way as traditional ATMs. The main difference is that you can buy or sell Bitcoin instead of withdrawing Euros from your bank account or depositing them into it.
The different Bitcoin ATM models have slightly different processes to buy and sell Bitcoin. However, in general, it works as follows.
And that's how easy it is to cash out Bitcoins in Euros at Bitcoin ATMs.
If there is no Bitcoin ATM in your area or you prefer to exchange your Bitcoins for Euros from the comfort of your home, you can use an online brokerage platform like the Coinfinity Bitcoin Portal.
Coinfinity is the oldest Bitcoin broker in Austria, enabling investors to buy and sell Bitcoin since 2014. With its Bitcoin portal, the Graz-based company offers one of the easiest ways to exchange Bitcoin into euros and have it paid out to your bank account.
This is how it works!
Open the Coinfinity Bitcoin portal in your web browser, or directly in the appand register for an account (if you don't have one already). The initial registration and verification process usually takes less than 30 minutes.
Once you are registered, log in to access your user dashboard.
Click on "Sell".
Then enter the amount of bitcoin you want to convert to euros, or simply enter the amount of euros you want to be paid out. The conversion field will then automatically update based on the current bitcoin rate. The IBAN of your desired bank account should also be entered in this step.
6. simply scan the QR code with your bitcoin wallet to send the bitcoin you want to withdraw in euros to Coinfinity.
Alternatively, you can copy the Coinfinity bitcoin wallet address and then paste it into your bitcoin wallet in the send function. If you choose this way, make sure you send the exact bitcoin amount specified in the sell order.
You will now receive the euro amount via SEPA transfer to your bank account. If your bank supports SEPA-Instant, the bank transaction (from receipt of the sold bitcoin) takes only a few minutes.
And that's it! This is how easy it is to exchange Bitcoins into Euros and cash out with Coinfinity!
Sign up for a Coinfinity account to exchange bitcoin to euros today.
You can withdraw Bitcoin through an online trading platform, a Bitcoin ATM, a peer-to-peer exchange, or a Bitcoin broker.
Probably the easiest way is to sign up for an account with Coinfinity to have your Bitcoin paid out in Euros to your bank account.
The most common way to withdraw Bitcoin is to use a Bitcoin ATM, which allows you to buy and sell Bitcoin. At Bitcoin vending machines, you can transact up to a certain amount (€250 in Austria) without an ID check. For any amount above that, you have to do a short identity check at the vending machine.
Alternatively, there are some places where you can trade Bitcoin with cash. For example, at the House of Nakamoto in Vienna.
Finally, you can also use a peer-to-peer marketplace where you can sell Bitcoin in person for cash. However, here you need to be careful as you will be trading with a stranger, so it is best to meet in a public place.
Bitcoin vending machines can now be found in almost every major city. According to CoinATMRader, there are already over 38,500 Bitcoin vending machines in the world.