How to convert bitcoins into euros?

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

You will also be interested

While Bitcoin was worth less than 100 euros in 2009, it crossed the 50,000 euros mark at the start of 2021. In fact, several investors having scented the good son became millionaires thanks to cryptomonnaies .

Alternative currencies are only in their infancy, many of them are seeing their price increase steadily. So how do you get back your euros after an initial amount invested? There are two main ways.

Convert your bitcoins using exchange platforms We find on the Web a multitude of exchange platforms from which it is possible to buy and then convert cryptomonnaies . These services also allow you to receive and then send money . However, not all of them charge the same commission fees.

Among these platforms, we find Uphold, Binance, Kraken, Coinhouse or Coinbase to name only the best known. In particular, Kraken enjoys 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 are going to sell your Bitcoins by choosing to convert them into euros. Subsequently, you must link your bank account by entering your RIB in order to make a transfer.

Convert your bitcoins using a Neobank There are several types of neobanks. On the one hand, we find those which 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 various cryptocurrencies. The payment card associated with the account will automatically convert its Bitcoins into euros with, however, fees applied.

Among these banks, let us note Revolut, N26 or Wirex. Note also that Coinbase offers a payment card that allows you to automatically convert your bitcoins in any distributor.

Note: there are also a handful of ATMs called Bitcoin ATMs on which you can enter your wallet address to withdraw money. However, there are only 5 in France ...