How to convert bitcoins to euros?

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Investments in cryptocurrencies can have several motivations. In addition to the confidentiality of the exchanges, the buyer wishes to realize a capital gain. To take advantage of it, you will therefore have to resell your cryptocurrencies to exchange them for euros.

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While Bitcoin was worth less than 100 euros in 2009, it crossed the 50,000 euro mark at the start of 2021. In fact, several investors who smelled the good lode became millionaires thanks to cryptocurrencies.

Alternative currencies are still in their infancy, many of them see their course progress steadily. So how to recover your euros after an initial sum invested? There are two main ways.

Convert your bitcoins using exchange platforms

We find on the Web a multitude of trading platforms from which it is possible to buy and then convert its cryptocurrencies. These services also make it possible to receive and then sendsilver. Not all of them, however, charge the same commission fees.

Among these platforms, we find Uphold, Binance, Kraken, Coinhouse or Coinbase to name only the best known. Kraken benefits in particular from a good reputation and practices low commissions.

From your wallet, you can send your Bitcoins to your receiving address on your Kraken account. Once the validation process is confirmed, you must place a sell order. In other words, you will sell your Bitcoins by choosing to convert them into euros. Thereafter, you must associate your bank account by entering your RIB in order to make a transfer.

Convert your bitcoins with a Neobank

There are several types of neobanks. On the one hand, we find those that dematerialize the entire account management process in order to reduce costs. On the other hand, there are those which are truly innovative in allowing to manage different currencies.

So alongside your euros, you can find your different cryptocurrencies. The payment card associated with the account will automatically convert its Bitcoins into euros with, however, fees applied.

Among these banks, we note Revolut, N26 or Wirex. It should also be noted that Coinbase offers a payment card allowing you to automatically convert your bitcoins in any distributor.

Note: there are also a handful of distributors called ATM Bitcoin on which it is possible to enter the address of your wallet to withdraw money. However, there are only 5 in France…

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