How to turn bitcoin into cash
Publish: 2021-04-29 03:31:36
1.
Take bitcoin to the OTC platform and sell it in RMB
2. The central bank has stipulated that bitcoin can not be used as a means of payment in circulation
3. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on February 16, 2021, the price of bitcoin exceeded $50000. On February 20, 2021, the total market value of bitcoin broke through the $1 trillion mark. On February 22, 2021, the price of bitcoin exceeded $58000 per coin. On the evening of February 22, 2021, bitcoin's decline widened e to the counterattack of short selling funds. It once fell below US $48000 / piece, with a decline of nearly 17%. Subsequently, long funds quickly began to bottom, in half an hour, bitcoin fell from 17% to 6%. According to coingecko, as of 0:00 on February 23, Beijing time, bitcoin was at US $52878.42 per coin, down 9% in 24 hours
warm tips: ① according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have the monetary attributes of legal compensation and mandatory, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
② the above explanation is for reference only. Before investing, it is suggested that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistaking into the capital market
③ investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation
response time: February 25, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
on February 16, 2021, the price of bitcoin exceeded $50000. On February 20, 2021, the total market value of bitcoin broke through the $1 trillion mark. On February 22, 2021, the price of bitcoin exceeded $58000 per coin. On the evening of February 22, 2021, bitcoin's decline widened e to the counterattack of short selling funds. It once fell below US $48000 / piece, with a decline of nearly 17%. Subsequently, long funds quickly began to bottom, in half an hour, bitcoin fell from 17% to 6%. According to coingecko, as of 0:00 on February 23, Beijing time, bitcoin was at US $52878.42 per coin, down 9% in 24 hours
warm tips: ① according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have the monetary attributes of legal compensation and mandatory, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
② the above explanation is for reference only. Before investing, it is suggested that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistaking into the capital market
③ investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation
response time: February 25, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
4. Hello
at present, you can only trade in the outfield. Depending on whether your currency is exchanged on the platform or in your wallet, you can directly check whether there is the function of exchange withdrawal on the platform. If not, you can withdraw it to your wallet first
Second, if the currency is in your wallet, you can directly apply to the outfield organizations like btccas to convert it into RMB. At present, these are the two most convenient ways
thank you
at present, you can only trade in the outfield. Depending on whether your currency is exchanged on the platform or in your wallet, you can directly check whether there is the function of exchange withdrawal on the platform. If not, you can withdraw it to your wallet first
Second, if the currency is in your wallet, you can directly apply to the outfield organizations like btccas to convert it into RMB. At present, these are the two most convenient ways
thank you
5. Generally, you can withdraw money directly to your own bank card on the platform. For specific courses, you can take the online bitcoin investment course. The introctory course of new bitcoin made by Mr. Shi Yong is very detailed!
6.
You can transfer it directly to someone else's wallet and someone else can transfer cash to you, but it's not safe. It can also be transferred directly on the platform at the market price. As for the price, it is definitely not fixed. It depends on the price of bitcoin at that time. Take the present as an example:
7. I'm a newcomer. I've been digging for less than a few days.. Want to know how to change it
8. Many exchanges can directly exchange BTC into US dollars for cash withdrawal. However, some exchanges have high fee and single currency. Moreover, nowadays, the soft currency is constantly devaluing, and many people want to hold foreign currency. E-paypal payment platform is a platform that can exchange bitcoin into US dollars, euro and other foreign currencies.
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