How does the conversion from bitcoin to dollar work?

1 answers

• Dec 29, 2021 · 3 years ago
  The process of converting bitcoin to dollars is similar across different cryptocurrency exchanges. You can choose a reputable exchange like Binance or Coinbase to convert your bitcoin to dollars. Simply create an account, deposit your bitcoin, and place a sell order for bitcoin. The exchange will match your order with a buyer who wants to buy bitcoin with dollars. Once the trade is executed, you will receive the equivalent amount of dollars in your account. You can then withdraw the dollars to your bank account or use them for other purposes. It's important to note that the exchange may charge fees for the conversion, so make sure to check the fee structure before proceeding.
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