Bitcoin

[houston]

Originally Posted by Evang.Benincasa

How do you turn bitcoin into real coin?

You transfer the balance to your bank account.

[Evang.Benincasa]

Originally Posted by houston

You transfer the balance to your bank account.

Like an email from Nigeria?

[jediwill83]

Originally Posted by Evang.Benincasa

Like an email from Nigeria?

nah...theres several different ways to do it. get a cryptocurrency wallet first like Electrum and then you can create an account on coinbase, buy the amount you want, transfer to your wallet then find some trading markets when you want to convert to usd.

[Esaias]

If a person has 50,000 dollars worth of bitcoin, they can just mash some buttons and find 50 grand in their savings or checking account?

[houston]

Originally Posted by Esaias

If a person has 50,000 dollars worth of bitcoin, they can just mash some buttons and find 50 grand in their savings or checking account?

Yes sir

[Esaias]

Originally Posted by houston

Yes sir

Where does the cash come from? Who takes the bitcoin and gives you the USD?

[Esaias]

Cryptocurrency exchanges are the most popular method of exchanging BTC & other currencies into Fiat at this time. While most impose certain limitations on how much you can exchange without a verification, they represent a great choice for those who are just starting out and not withdrawing large amounts.


...
https://blockonomi.com/cash-out-cryptocurrencies/

[Esaias]

The other two methods described in the article looked even less promising...

[houston]

Originally Posted by Esaias

Where does the cash come from? Who takes the bitcoin and gives you the USD?

From whatever exchange you used to make the purchase. Similar to day trading...except all this money is floating around somewhere.

You can only pull $10,000 per day.

[Esaias]

Originally Posted by houston

From whatever exchange you used to make the purchase. Similar to day trading...except all this money is floating around somewhere.

You can only pull $10,000 per day.

Then it's just like the stock market - a casino with limits.