When it comes to cashing out Bitcoin, there is no one-size-fits-all approach.
Your personal best method for selling BTC will depend on the amount you want to withdraw, your preferred payout method, country of residence and even risk tolerance.
You have 5 primary options: a cryptocurrency exchange, an OTC brokerage, peer-to-peer exchanges, Bitcoin ATMs, and crypto gift cards.
These are the most commonly used, and ultimately, the best ways to cash out Bitcoin will depend on your specific needs and circumstances.
Centralized Crypto Exchanges: Where to Sell Bitcoin.
Peer-to-Peer: How Can I Withdraw My Bitcoins on a P2P Basis?
OTC Brokers
Modern online exchanges are convenient and user-friendly.
After selling your BTC on a cryptocurrency exchange, a common approach to convert Bitcoin into cash is to withdraw funds to a bank account using a wire transfer or an automated clearing house (ACH) transfer.
The amount of Bitcoin you need to cash out can vary significantly depending on the exchange you use.