What is a Bitcoin wallet

Cash-Out Methods. 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.

How to set up a non-custodial wallet:

Bitcoin users are assigned private keys, which allows access to their bitcoins. Hackers can infiltrate wallets and steal bitcoins if they know a user’s private key .