To turn cryptocurrency into real money, you typically need to sell it on a cryptocurrency exchange or a peer-to-peer platform that supports cryptocurrency transactions. The specific steps may vary depending on the platform you use, but here are some general steps you can follow:
Choose a cryptocurrency exchange or platform: You will need to choose a cryptocurrency exchange or platform that supports the cryptocurrency you want to sell and allows you to withdraw funds in your preferred currency. Some popular options include Coinbase, Binance, Kraken, and Gemini.
Create an account: Once you have chosen a platform, you will need to create an account and complete the verification process, which may involve providing personal information and identification documents.
Sell your cryptocurrency: Once your account is set up and verified, you can sell your cryptocurrency by placing a sell order on the platform. This involves specifying the amount of cryptocurrency you want to sell and the price at which you want to sell it.
Withdraw funds: After you have sold your cryptocurrency, you can withdraw the funds in your preferred currency to your bank account or other payment method. Depending on the platform you use, this process may take several days to complete.
It is important to note that cryptocurrency values can be highly volatile, and the value of your cryptocurrency holdings can fluctuate significantly over time. Additionally, selling cryptocurrency may trigger tax obligations, so it is important to consult with a tax professional or financial advisor before selling cryptocurrency.