How to Convert Cryptocurrency to Cash in 2021

In this article I will show you the easiest way to convert cryptocurrency to cash in 2021.

I will also give you a step by step guide exactly on how to exchange your crypto to cash, so keep reading.

The way to do it is through the trading platform Coinbase.

The steps you need to take to be able to sell cryptocurrency on Coinbase are the following:

  1. Create an account on Coinbase.
  2. Connect your bank account to Coinbase with a deposit from your bank account.
  3. Convert crypto to cash into your bank account.

Coinbase is a fully regulated and licensed cryptocurrency exchange from the USA and it’s also one of the most trusted exchanges when it comes to money transactions and storing coins.

The only thing you need to do is to connect your bank account with a first deposit and then you are able to convert cryptocurrency to USD or any other fiat currency.

It takes a little bit of time to transfer the coins to Coinbase and then get connect your bank account but it’s definitely the easiest and safest platform to do it.

To sell cryptocurrency for cash on Coinbase takes about 2-5 work days before you will see your money in your account.

List of Crypto Exchanges with Fiat Withdrawals

Regulation
Rating
Best for
Trading Fee
Minimum Account
4.18/5
Excellent
Regulated by
FinCEN
0.25%
50$
All Traders
Quick Review
  • Established 2017 United States
  • Type Cryptocurrency Exchange
  • Currencies USD, EUR, GBP, JPY, CAD, AUD
  • Funding Visa, Mastercard, Cryptocurrency, Bank transfer
  • Languages English, Spanish, Polish, Russian, German
  • Restricted countries Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Montenegro, Republic of North
  • Products Cryptocurrency
  • Trading platforms Webtrader, MT5, Mobile App Android + Mac, Own trading platform
  • Devices Desktop, Smartphone, Tablet, Web
  • Max leverage 1
  • Order types MO – Market Order, PO – Post Only, LO –
  • Support Email, Contact Form
  • Trading Signals
  • Deposit Bonus
  • Algorithmic Trading
  • Daily Gainers & Losers
  • Market Making
  • Cashback
Pros

US crypto trading platform allowing US traders
Great algorithmic and AI-technology trading tools
Insured digital assets up to $250,000

Cons

No market news feed
No leverage for experienced traders
Not all US states are allowed to trade

4.16/5
Excellent
Regulated by
FinCEN
0.50%
2$
Investors
Quick Review
  • Established 2012 United States
  • Type Cryptocurrency Exchange
  • Currencies USD, EUR, GBP
  • Funding Mastercard, Visa, Bank transfer, PayPal, SEPA
  • Languages English, German, Spanish, French, Japanese, Italian, Polish, Portuguese, Russian, Turkish
  • Restricted countries Cuba, Haiti, Belize, Saint Lucia, Grenada, Saint Vincent and the
  • Products Cryptocurrency
  • Trading platforms Webtrader, Own trading platform Windows + Mac
  • Devices Desktop, Smartphone, Web, Tablet
  • Max leverage 3
  • Order types MO – Market Order, SM – Stop Market, SL –
  • Support Contact Form, Phone Number, Email
  • High Security
  • Security Of Funds
  • Cold Storage Wallet
  • Fiat Account
  • Beginner Friendly
  • Trading App
Pros

Very safe cryptocurrency exchange
Easy to use
Trusted exchange reputation

Cons

Weak trading platform
Few altcoins
High exchange fees

How to convert Cryptocurrency to cash – Step by Step

coinbase cryptocurrency exchange

So the first thing you want to do is to visit the exchange and create an account.

It’s very easy and it only takes a few minutes.

When you are done creating your account you want to choose a fiat currency and make a first deposit with your bank account

I used EUR but you can use USD or GBP.

When you have made a deposit with either EUR, USD or GBP you are free to convert cryptocurrency to cash into your bank account.

Now, after you have registered with Coinbase, let’s go through everything step by step.

Step 1

On the first page of Coinbase, click Portfolio at the top section.

convert cryptocurrency to cash on coinbase

This will take you to your portfolio where you will be able to see your assets, which is either fiat currencies or crypto.

Step 2

Next you want to click the top fiat currency in your list.

For me it is EUR but you might see GBP or USD.

Step 3

After you click your fiat curreny you will see this:

What you want to do here is to click the Deposit button to the right.

Here you can acutally see some of my withdrawals to my bank account.

Step 4

After you click Deposit you will see this window:

sell cryptocurrency for cash on coinbase

Fill in the name of your bank and your full name connected to your bank account.

This is information Coinbase will use to accept your bank transfer to the platform.

Step 5

When you have filled in this information and clicked Continue, this window will pop up:

coinbase bank transfer info

This is the Coinbase bank account information.

This is the bank account you are going to send your funds to, from your own bank account.

Step 6

The last thing you want to do is to make a bank transfer from your own bank account to this bank account.

It will take a little while for the funds to arrive, but after that you have connected your account to Coinbase.

This is how to sell cryptocurrency for USD, GBP, or EUR.

As you can see, it’s very easy to cash out crypto, it only takes a few days for the bank transfers to go through.

When that is done you can convert crypto to cash as often as you want.

How to sell Cryptocurrency for USD

coinbase cryptocurrency exchange

If you live in the USA or any other country and you want to convert cryptocurrency to USD you are very lucky.

The way to sell your crypto for USD is very simple.

The only thing you need to do is to create an account on Coinbase and then connect your bank account.

Coinbase is one of the best cryptocurrency and altcoin exchanges on the market today.

The way you do it is to make a first deposit with your bank account.

Then when it’s connected to the exchange you are able to convert crypto to USD into your bank account.

The transaction might take anywhere from 2-5 workdays, but that’s worth it if you want a safe way to cash out your cryptocurrency.

Now you know how to sell cryptocurrency for USD and if you need a guide to help you, check the step by step guide at the beginning of this article.

Conclusion

This has been a step by step guide on how to convert cryptocurrency to cash.

If you are interested in how to cash out crypto, how to sell cryptocurrency for USD, or how to sell crypto in general, this guide is all you need.

The best way to sell your cryptocurrency is through Coinbase and in this guide I’ve laid out exactly how to do it in a simple format to follow.

It’s pretty easy to do it, the only thing that takes time is the bank transfers between the Coinbase account and yours.

Once you bank account has been connected to Coinbase you are free to cash out crypto.

FAQs

Yes, it can. The easiest way to exchange cryptocurrency for cash is through Coinbase.

There are three steps to cash out Cryptocurrency.
1. Create an account on Coinbase.
2. Connect your own bank account with a bank transfer deposit.
3. After you have connected your bank account you can now sell cryptocurrency for cash to your own bank account.

Coinbase lets you convert cryptocurrency to USD, GBP, or EUR.
Read the this step by step guide to learn exactly how to do it.

Coinbase lets you sell Cryptocurrency for cash in a very easy way.
Read this tutorial to know exactly how to do it.