How to Cash Out Bitcoin Instantly – Tips to Get The Job Done

Deciding if this is the right time to cash out Bitcoin is not an easy decision to make. Some see it as the ultimatum of their crypto journey, the end game.

Others see it as a way to “lock” their profits and free their minds from price speculation.

Whatever your reason for selling may be, there are several benefits that come with it.

• After withdrawing your Bitcoin, the FIAT value of your capital will remain the same, whether Bitcoin increases or decreases in value.
• You will spend less time checking the surges and plunges of the charts, saving time and reducing your stress levels.
• You will be able to use your capital in any way you like.

For more information feel free to watch this video:

When is the right time to cash out Bitcoin?

Experienced cryptocurrency traders will tell you that the best time to sell is during the peak of a bull market, a term that here means a long term value uptrend for Bitcoin.

But obviously that is not easy!

Bitcoin reached its latest all-time high on 10 November 2021, topping at more than USD 68,000. This shows that timing is essential if you want to maximize your profits: just a month later, it was below USD 47,000.

Not only do you need to be great at predicting price movements; you also need a fast way to cash out Bitcoin.

Imagine how it would feel to cash out BTC at these price levels. 

Of course, if you missed the opportunity to sell during this time, you can also convert Bitcoin to cash once a target profit is achieved by trying to benefit from price fluctuations. If you are still getting familiar with the asset, Bitcoin basics covers what it is and its pros and cons.

This practice is often used when Bitcoin’s price is in a downtrend, also known as bear market.

So, whether you invest in Bitcoin as a trader or a long term investor, the right time to turn your Bitcoin into cash is very hard to predict and one needs a really good gut feel before making an informed decision.

Fastest ways to cash out Bitcoins

Once you have made up your mind – selling fast might be really important.

When looking at all the possible ways to cash out Bitcoin, it is always useful to know which methods and websites are the quickest and most reliable.

So, start by looking at the Trustpilot reviews.

Check the platform’s reviews and if they are good enough – in most cases you have nothing to worry about. The site you choose will most probably do a good job of selling your BTC.

In the case of Paybis reviews, they are near perfect. 

To start, you need to select where you want to cash out your Bitcoins. Here are three options to choose from:

• Digital wallets (e-money services)
• Bank cards
• And Bitcoin ATMs

Cash out Bitcoin in 5 minutes (to digital wallets)

The fastest way to withdraw Bitcoin is by exchanging it for online digital money such as:

1. Skrill – Sell your Bitcoin for Skrill
2. Neteller – Sell your Bitcoin for Neteller 

The transaction process from beginning to completion takes approximately 5 minutes.

So, it’s rocket fast.

But, if you are looking for the fastest way to go from Bitcoin to FIAT – the following option is what you need!

Cash out Bitcoin to Credit Card or Debit Card (BTC to FIAT)

To some people, this is a no-brainer.

For obvious reasons, you will want to cash out BTC directly to your Credit or Debit Card.

Why?

It’s simple – you will be able to spend your money as soon as it lands in your card. Simply put, it’s the easiest way to cash out Bitcoin instantly – or at least as fast as possible.

Unfortunately, there aren’t that many exchanges that offer this option.

Luckily enough – Paybis offers this feature. You can Sell Bitcoin instantly to your credit card or debit card.

Now you can exchange Bitcoin to Euros, Dollars, Pounds, or basically any other currency thanks to the direct card withdrawals.

So, to get started, here are the steps to follow for cashing out Bitcoin directly in your Credit Card or Debit Card:

STEP 1: Start the Transaction

To proceed with cashing out Bitcoin, on the left side select Bitcoin (1) and on the right side click Credit/Debit Card (2). Once you enter the amount of Bitcoin you want to sell (3) – press Sell Bitcoin(4).

Note: While Paybis supports more than 180 countries, this particular payment method is limited to banks of certain countries.

STEP 2: Verify Your Identity

Next, you will need to verify your identity. That’s important for two reasons:

1. This information is important to check if you are the owner of your bank card.
2. And verification of your identity is important because it helps Paybis ensure that you are compliant with EU KYC/AML regulations.

Here are the sections where you will need to upload your documents:

In the first section of the verification process, you will be asked to enter your name, surname, and date of birth. Then, press on continue.

Next, indicate your location and residential address. Click on “Continue” to proceed.

Finally, upload a copy of your ID document to continue the transaction. As soon as the file is uploaded, click on “Submit” and our system will review your submissions.

STEP 3: Verify the ownership of your bank card

Now, you will need to verify that you are the owner of your credit card or debit card.

Simply follow the on-screen instructions and enter your debit card or credit card details. Once that is done, Paybis will do the rest.

Usually, it takes less than a minute and you will be ready to proceed with the transaction.

STEP 4: Send Bitcoin to Paybis’s BTC address

Last but not least, you will need to actually cash out your Bitcoins and send them to Paybis BTC address.

Once Paybis receives your Bitcoins, the funds will be sent to your credit card or debit card.

STEP 5: Money will be sent to your Account

At this point, Paybis will send money directly to your bank account.

And you are done – you just sold your Bitcoins. 

To receive your money it can take anywhere from 1 to 5 working days. 

Note: The value of the cash you are supposed to receive is locked from the moment you start your order.

If you are ready to start the transaction, head over to Paybis, and follow the steps shown above.

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That’s all from us – we hope this guide was helpful.

And just in case you have any more questions – feel free to message us.

Yours,
Paybis Team