TURN BITCOINS TO CASH

Bitcoins have been widely used nowadays online. It is a virtual coin which is roughly more than $400 dollars per 1 Bitcoin. It can be used in buying and selling online but is it possible for us to turn it into cash?

The answer is YES. I will show you a step-by-step guide on how to turn your bitcoins into real cash instantly!

Step 1:

         You must have a bitcoin address. If you do not have a bitcoin address then get one from Coinbase and Blockchain. But for this article, you must have a bitcoin address from CoinsPh. Click here to register!

Step 2:

                 If you have an existing bitcoin wallet from Coinbase or Blockchain with bitcoin balance then send the amount of bitcoins you want to turn into cash to your CoinsPh Bitcoin Wallet. If you don't know how, click here. If you are new in earning bitcoins and want to learn how, read this article. Good luck!

Step 3:

                 After sending your bitcoins to your CoinsPh account, open your wallet from it and you will see the list of your recent transactions. It may take hours for your bitcoins to be received successfully in your wallet or sometimes it will take just few minutes. It may look like this:

                 Once your transaction is confirmed successfully, "Receiving money from" will be changed to "Received money from".

Step 4:

                  Once everything is received successfully in your account, you will see the amount of BTC that you have and its conversion to PHP.

                      Now, you will have to convert them from BTC to cash! Click "Convert to PHP". This dialog box will pop up.

                            You can see your wallet balance and the conversion rate of BTC to PHP. Now put the amount of BTC you want to convert in the field. Then click convert!

Step 5:

                           After converting, the amount of money converted will be shown to your peso wallet just above your BTC wallet. I will show you mine but it has a low amount of money because I just withdrawn mine. *laughs*

Step 6:

                              Now you're ready to cash it out! Click "Cash Out" in your wallet account. Your account will look like this:

Step 7:

                               After clicking "Cash Out", you will see many options on how to get your money.

Step 8:

                            Choose which method do you want to receive your money and just follow the steps in there and ta-da! Your bitcoin has been converted to instant cash!

                             For those who do not have a bank account, they can still withdraw/cash out their money and get it from Cebuana Lhuillier Pera Padala, Palawan Express Pera Padala, M Lhuillier Kwarta Padala and LBC Peso Padala.

Feel free to leave your comments! Happy bitcoining!