Best websites to exchange cryptocurrencies to euros
Although the acceptance of cryptocurrencies is growing, we still rely on traditional currencies for countless commercial transactions. That is why we may, when the time comes, need to exchange our cryptocurrencies to euros and thus be able to make certain payments (although more and more brands are beginning to accept direct payment in Bitcoin and other altcoins).
You may be thinking of withdrawing some percentage of your initial investments in cryptocurrencies because of forecasts or simply because you need cash. Whatever the case may be, here is a selection of different websites that allow you to carry out the whole process from start to finish.
Coinbase is one of the most famous cryptocurrency wallets in the world (even more so since its peculiar Super Bowl ad with just a QR code bouncing on the screen for 60 seconds).
Once your account is created and verified, you can transfer your cryptocurrencies to the wallet, as it is compatible with most of them, and then "sell" them to your euro wallet. Once they are already there, you can choose various withdrawal methods, such as a traditional bank account (within 24-48 hours) or a PayPal account with immediate and free transfer.
Bit2Me is a Spanish company that, in addition to allowing you to perform all kinds of operations related to cryptocurrencies, has a large amount of educational material on digital assets on its Bit2Me Academy platform.
The process is quite similar to the previous one. After verifying your personal data to comply with current financial regulations, you can make a deposit of Bitcoin or other cryptocurrencies into the platform's wallet. Once our balance has been updated, you will be able to sell them and exchange them for euros at any time, either fully or partially. Once the process is finished, they will appear reflected in our "Euro Wallet" and from there you can withdraw them to a standard bank account.
Localbitcoins.com is an exchange platform that works as an open marketplace where you can buy and sell Bitcoins, operating under a P2P (person to person) scheme. Despite this operation, we can become sellers to be able to exchange cryptocurrency for euros by selecting the currency, the country and the possible means of payment available. There you will see a list of people willing to deliver fiat money (euros or other currency) in exchange for your Bitcoins.
Kraken, one of the oldest exchange platforms, also has the option of exchanging your cryptocurrencies to euros (they also work with dollars). That is, only if you get the second level of verification (tier 2). The good part is that it is the equivalent of verifying all your personal data including your home and billing address that we have in other platforms.
Once verified, you must have the funds in Bitcoin (identified as XBT on Kraken), as it is the only cryptocurrency exchangeable with fiat money, and place a "Sell XBT for EUR" order.
There are many options available to sell cryptocurrencies and exchange them for real money. There are multiple factors to take into account that will mark your preference for one or another, such as the steps needed to verify the current account and the time needed to be 100% operational, if there is any kind of commission or those with less time until the money is available in IBAN account.