Bitcoin Storm platform is very high in demand nowadays. If you’ve bitcoins, then you can make a profit by converting them into cash. It is a blockchain-based currency that has no physical form. Because it is a digital currency. It is very hard to spend this digital currency like we spend regular money. After that, it would become as simple as saving the fiat currency into your savings account. Here is some Method to Convert Your Bitcoin into Cash for Payment & Information described below.

Transfer from Bank

A domestic wire transfer in which both the originator and the beneficiary institutions are in the same country. A bank transfer is any series of wire transfers that occur completely within the boundaries of a single country. It usually takes 24 hours to wire direct.

Bank Specific Transfer

A transfer to another person made with the same bank as you.

Transfer via SEPA

Transfers within the Single Euro Payment Area (SEPA). These wire transfers make it easier to transfer money in Euros. Please keep in mind that SEPA transfers can take anywhere from a few seconds to two business days, depending on the country.

SWIFT

SWIFT transactions are those that are processed through the network of the Society for Global Interbank Financial Telecommunications. Direct transactions and international fund transfers are examples of payment methods. Transfers usually take 1 to 5 working days. The bank required to process the payment may charge 3 to 4% as a part of their service.

Cash Deposit

You can deposit money into the vendor’s bank account at a nearby bank branch or ATM. Based on your bank’s policy, the funds will be immediately available or on the next business day.

Cash in Person

The only method of payment that requires face-to-face (F2F) sessions to complete transactions. To exchange the bitcoin for cash, you must set up an appointment with the counterpart in a secure location.

Wallet Online

Customers who have the same e-wallet can transfer money amount from one wallet to another. The transfer is completed in an instant.

Top Up Mobile

It is a transfer in which credit is added to the user’s mobile number. All you need is their phone number.

How Do You Transfer Money From Your Crypto Wallet To Your Bank Account?

Transferring virtual currency funds to a bank account is a two-step process that begins with converting your cryptocurrency to cash and ends with depositing that cash into your bank account. This is made possible by Binance P2P, a platform that permits crypto buyers and sellers to create adverts to purchase or sell crypto against one another.

Make Your Advertisements

Choose your favorite payment method, currency, and the total number of bitcoin to sell.

Make an Order

Make your purchase after reviewing all of the advertisements and choosing the one that works best for you. Binance P2P will escrow your cryptocurrency.

Payment Confirmation

Examine the transaction history in the specified payment account to verify that you have received the money paid by the buyer.

Crypto Release

Once you have received payment, release the agreed-upon amount of cryptocurrency to the buyer.

Caution Points:

Taxes

Paying tax is must when you profit from bitcoin trading and want to transfer it to cash or fiat currency. For tax purposes, you can download a file containing all of your Binance transactions.

Amount

Unlike other platforms, Binance P2P doesn’t really impose a charge for purchasing and selling cryptos. You can purchase and sell bitcoin for free.

Speed

Transferring funds among both transactions typically take a few days. Nevertheless, on Binance P2P, you can immediately convert your bitcoin into cash, relying on how quickly the party makes payment and the means of payment you use. If speed is an issue, go to the advertiser profile and look at the average payment time to find the fastest one.

Conclusion

If you’ve bitcoins then you can make a profit by converting them into cash because being a digital currency, it does not have a physical existence. To exchange bitcoin for cash, you must set up an appointment with the counterpart in a secure location. Transfers usually take 1 to 5 working days. Binance P2P is a platform that permits crypto buyers and sellers to create adverts to purchase or sell crypto.