Can you transfer bitcoin to real money?

Originally Answered: Is it free to transfer Bitcoin from one wallet to another? No, you have to pay a transaction fee .

Using the private key associated with their bitcoin, a user can sign transactions and thereby transfer the value to a new owner . The transaction is then broadcast to the network to be included in the blockchain. Anyone who possesses your private keys has access to your bitcoin.

In general, sending bitcoin works as follows:

Bitcoin is a decentralized network and therefore does not have transaction fees , bitcoin transactions are nearly real-time. However, the transactions need to be verified and must be recorded in a so-called block in the Bitcoin Blockchain before the transferred amount can be spent.

Send your Bitcoin on its way in just a few steps.

There are two main avenues to convert bitcoin to cash and ultimately move it to a bank account. Firstly, you can use a third-party exchange broker . These third parties (which include bitcoin ATMs and debit cards) will exchange your bitcoins for cash at a given rate. It is simple and secure.

Send Bitcoin