Service fees change over time, so be sure to check the service’s terms and fee schedule.
Both of these security options can protect against theft and hackers, so enable them when you’re given the option.
If your bitcoin encryption key is printed out, you’ll be prompted to enter it. If your bitcoins are in a “wallet” (an encrypted file or code), you might be asked to upload the file. Don’t be afraid to reach out to customer support if you’re having trouble depositing your bitcoins.
There is no fixed percentage or value that defines a favorable exchange rate. Some people might feel that if the value of a bitcoin rises by $100, it is a good time to convert their currency. Others might wait until the value they’d get rises by 5 percent. Check the exchange rate regularly online or sign up for a service that updates you on the bitcoin-to-dollar exchange rate so you’ll know when it improves.
The bitcoins will then be converted to dollars and transferred to the bank account you provided.
Both types of debit cards cost money (digital debit cards typically cost about $5, while regular debit cards cost $15-$20), but they offer added convenience, especially if you rarely use cash.
Converting bitcoins to dollars by transferring them to a digital wallet often has higher fees and lower limits than transferring them to your bank account. This option might, however, be preferable for people who make digital purchases regularly and don’t want the hassle of transferring their money from a bank to a digital wallet.
