It’s one thing to know you want to convert your bitcoin to cash, but it’s another to know how to cash out bitcoin. Sure, there are several cashout methods, but depending on your situation, each one’s structure, fees, and cashout timeframes might be either a burden or a boon. The fourth option is to cash out your Bitcoin at a Bitcoin ATM, which is t …
This option is particularly useful for those without the capacity to own and store their mining rig. When a miner solves the algorithm, they are allowed to add the next group of transactions (block) to the Bitcoin network. The miner is rewarded with a BTC block reward for accurately verifying and recording all transactions. Taxes on bitcoin sales an …
And while peer-to-peer (P2P) exchanges and Bitcoin ATMs offer anonymity, consider the (potential) high fees and hassles of the process. Crypto is a speculative asset that can be part of a larger, diversified investing strategy, but don’t panic sell just because the news says “Bitcoin is dead” for the 1,400th time. Instead, take a level-headed appro …
