How To Withdraw Money From Bitcoin Wallet
Withdraw Money From Bitcoin Wallet: Bitcoin is the first successful attempt at creating a digital currency, also known as a cryptocurrency. There is no physical bitcoin, merely digital data stored in blockchain. This means it is a secure form of currency that is devoid of any central authority or control. Bitcoin has a stipulation, outlined in its source code, that there will only ever be 21 million bitcoins produced and the mining rate will keep reducing over the years. This implies a shortage in the supply of Bitcoin in the year, which will make Bitcoin valuable over the years.
Withdraw Money From Bitcoin Wallet
Bitcoin is one of the world’s hottest digital assets. Bitcoin’s price has skyrocketed by over 13,000% within 5 years and investment analysts think it could go higher still. With such incredible returns, cryptocurrency is leaving traditional savings options in the dust. Bitcoin is effective for both long-term investment strategies and as a store of value.
Why Transfer Bitcoin To Your Bank Account?
The ultimate purpose of the creation is for it to serve as an alternative to traditional currencies. However, people currently invest in Bitcoin because they view it as an asset that will grow in value over time. Due to the recent increase in demand, the price of Bitcoin has gone up and it makes sense if you want to sell to make a profit and transfer the funds to your bank account.
In theory, Bitcoin will b used to purchase anything in the future. For now, there are few businesses, individuals, and countries that accept Bitcoin as a payment method. That is one reason you may want to convert your bitcoin to cash — to use the value of your bitcoin to buy actual things. How to check Bitcoin value in Naira
How to Move Bitcoin To A Bank Account?
Transferring your Bitcoin to your bank account is the same kind of process as converting currencies at the airport when you arrive in a new county. You are essentially ‘selling’ your bitcoin and ‘buying’ the equal value in your local currency; Naira or Ghanian Cedis.
The ‘exchange rate’ for this currency exchange is not determined by the economic policies of a government or a central authority. Instead, the bitcoin exchange rate is determined by demand. How many people want to buy bitcoin at a particular time and what they are willing to offer will determine how much money you will get for your bitcoin. Choosing the appropriate exchange platform also goes a long way in determining what you get for your Bitcoin.
Moving bitcoin to a bank account is like exchanging currency. But because bitcoin is devoid of government control, the exchange process occurs privately. It is not mediated by world economic structures.
How to move Bitcoin from your wallet for cash
If you are not in a country where cryptocurrency transactions are partially or absolutely banned, most crypto wallets will allow you to connect your credit card to easily sell and buy Bitcoin, however, this is not the case for most Nigerians and Ghanaians.
To sell your Bitcoin in Nigeria and Ghana you have to use a local cryptocurrency exchange platform like Dart Africa. Cryptocurrency exchange platforms buy bitcoin from people at a given exchange rate. All you have to do is provide the exchange platform of your choice with your bank account details and send the agreed amount of Bitcoin to the wallet provided by the exchange platform and the value of your Bitcoin will be sent to your account. It will be just like selling any other asset for cash.
If you have decided to sell your bitcoin to an exchange platform, there is no better platform to go with than Dart Africa; the leading exchange platform in Africa.
Dart Africa is an automated cryptocurrency exchange platform, that you can easily sell your Bitcoin and other cryptocurrencies to and receive your payment in cash to the account number of your choice. We offer an amazing rate to its customer for Bitcoin exchange. Dart Africa is popularly known for the high rate offered. Our system automatically updates the exchange rate with the best one in the market to make sure our clients are always making more profit. You can check out rates for Bitcoin and other altcoins using Dart Africa’s rate calculator. With Dart Africa, you will always make a profit at the rate we offer.
You can access our service through our website or mobile app. Our mobile app is available on Google Play Store and App Store.