Changing Bitcoin to euros does not have to be difficult. In this article we will teach you how to exchange Bitcoin for euros safely, easily and quickly. Because although Bitcoin is great not everything is buy Bitcoin, sometimes it is necessary to exchange it for euros.
Read on to learn all the keys.
Exchange bitcoin to euros
Bit2Me offers a convenient way to exchange Bitcoin to fiat money (euros, dollars,…) and can even use that money in cash.
In addition, Bit2Me is working on adding more and more ways to make payments, such as Bit2Me Card, a MasterCard card with which you can use all your cryptocurrencies in more than 100 million online and physical stores and ATMs for cash withdrawals around the world.
We also recommend you take a look at this article to know how to proceed legally with the cryptocurrency taxes in Spain.
As you can see, there are many options, and the best thing is that you can manage everything, easily and safely, from your Bit2Me user account, which you can open below.
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Next, we will explain how the entire process works, which only account of 4 simple steps.
Step 1 to exchange bitcoin: registration
You will only need to do this step the first time. If you already have a Bit2Me account, please skip it.
To operate on a cryptocurrency buying and selling platform that complies with current regulations and is committed to the safety of its users, the first thing that is needed is a registration process. Bit2Me is no exception and has a simple registration process, but in accordance with the guidelines required by current legislation.
- Create Account: It consists of a 20-second process where you enter your email and the password you want to use. We recommend using a unique password that you have not previously used on other platforms, and adding special characters other than numbers and letters. Click here to open your account.
- Verify identity: The second step will be to verify your identity. To do this, click on the "complete account" button. You must indicate your phone number, add your information and a photo of your ID (a normal process for financial platforms, known as KYC).
Once these two steps have been completed, the Bit2Me team will review the data provided and, in a matter of minutes, your identity will be verified.
While they verify your identity you can go ahead and move on to the next step.
STEP 2: deposit your Bitcoin
The next step will be to deposit Bitcoin into your Bit2Me wallet. You must transfer the Bitcoin from your current wallet on another exchange to the Bit2Me wallet.
To do this, you only have to send Bitcoin to the address of your Bitcoin wallet in Bit2Me.
With your user session started, access the wallet Bitcoin and click on “deposit”. Once accepted, you will be able to access your Bitcoin wallet address. Copy the address or scan the QR code.
Security tips for bringing your Bitcoin to Bit2Me
- Send only Bitcoin (BTC) over the Bitcoin network.Sending any other currency may result in a permanent loss.
- Copy the address and share it with the person who will make the shipment or scan the QR code.
- It is important that the person making the shipment does so through the same network that you have selected.
- If you send other cryptocurrencies to this address you may lose them permanently.
Once you send the Bitcoin to the address of your wallet in Bit2Me, the payment will be detected instantly.
After two confirmations, you can sell them.
STEP 3 to exchange Bitcoin: sell your Bitcoin for euros
Once your Bitcoin is available in your wallet, you can sell it and receive the corresponding euros in exchange depending on the price at that time.
The sale is instantaneous and really simple. With a single click you will complete the process and you will have exchanged your Bitcoin for euros.
By the way, it is not necessary to sell 100% of the Bitcoin deposited. You can sell the satoshis you want whenever you want.
How to sell Bitcoin on Bit2Me
STEP 4: withdraw the euros
Once you have learned to exchange Bitcoin and have converted it to euros, you can withdraw it and send it, for example, to your bank account.
Depending on the country in which you live, you can use some withdrawal methods or others. Although the most common is to use the withdrawal through bank transfer.
To do so, you must click on the withdraw button in your euro wallet. When you do, you must select the option wire transfer, enter the IBAN code of the bank account in which you want to receive the money and accept.
Simple as that! You are now ready to do the process yourself.
If you want to learn more about how accept cryptocurrency payments in your business in this article you will be able to continue learning much more about the use of Bitcoin.
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