A bitcoin is worth around $1,600 in today’s dollars, but that’s not exactly a lot.
But in this virtual world where transactions can take days or even weeks to settle, the currency is incredibly volatile.
If you’re a trader in the US, you could get a nice windfall if you can find a buyer willing to pay for your bitcoin with cash.
It can also be a good idea to trade in bitcoin, since the value is often more volatile than cash.
But how do you trade in cash, in a way that doesn’t involve the risk of getting robbed?
Here are five ways to get a bit more cash in virtual currency.
1.
Cash for a coffee The simplest way to trade your bitcoin for some cash is to buy a coffee from a coffee shop.
There are many options out there for buying and selling bitcoin, but buying a coffee at a Starbucks is the easiest way to go.
To get started, simply visit your favorite coffee shop and enter the amount of bitcoin you want to trade for your coffee, as well as your preferred currency.
Starbucks will then send you a QR code to download to your smartphone.
2.
Buy your own coffee If you want your bitcoin to trade hands, you’ll have to use a third party service.
You can buy your own bitcoin using a bitcoin wallet or other cryptocurrency exchange, but it’s not the easiest or cheapest option.
The easiest way is to use an online bitcoin wallet.
A bitcoin wallet lets you store your bitcoins securely in an account controlled by you, so you don’t have to trust anyone else.
You’ll need a bitcoin address and password to access your wallet, but you can easily generate a secure bitcoin address with your smartphone, your wallet provider, or any other service that lets you buy and sell bitcoin.
3.
Buy coffee online There are plenty of options to buy your bitcoin from bitcoin exchanges.
If a bitcoin exchange isn’t working out for you, you can always just buy a piece of bitcoin from another bitcoin wallet, a service that accepts the currency for payment.
For example, you might buy an amount of $1 for bitcoin, then spend it on a Starbucks gift card, then get a $1 cash back credit.
Or, you may buy a bitcoin from Coinbase, a cryptocurrency exchange that lets users buy and spend bitcoin with their credit cards.
4.
Buy bitcoin from a bitcoin seller You can also use bitcoin to buy coffee.
This isn’t as easy as buying coffee, though.
To buy your coffee from an online coffee shop, you will need to enter a bitcoin transaction number and email address.
The first thing you need to do is go to the website that hosts the coffee shop you’re interested in.
You will then be asked to enter your bitcoin address.
Once that’s done, the website will send you an email.
You just need to wait for the email to arrive.
5.
Use a Bitcoin exchange to buy bitcoin If you’ve got a bitcoin to invest, the easiest option is to invest in a bitcoin-focused cryptocurrency.
A Coinbase bitcoin wallet is a good place to store your bitcoin, so once you’re ready to buy, you just need your wallet address and bitcoin address to enter the transaction.
You simply sign up for a free account, and when the transaction is complete, you receive your bitcoin back.
A second Coinbase wallet is also a good option, but again, you have to sign up and pay the $10 fee to use it. 6.
Trade your bitcoin at a cryptocurrency marketplace There are a few different cryptocurrencies available to buy and trade in.
These include bitcoin, ether, litecoin, and dogecoin.
Some of these currencies have very volatile value and require a lot of time to settle.
So while it’s nice to have a safe place to buy bitcoins, it’s better to invest your money in a more stable currency that’s less volatile.
The cryptocurrency exchange Coinbase allows you to trade between currencies at the moment, but if you have more bitcoin, you should probably check out its other platform, Bittrex, which is also available for bitcoin.
7.
Use cryptocurrency exchange to trade money with a friend The most convenient option for buying bitcoin is to trade with your friend.
This is a very popular strategy, because it’s a quick and easy way to make some bitcoin.
Your friend could simply trade with you, and if you buy your friend’s bitcoin, your friend will receive the bitcoin for you.
You’d need to set up a Bitcoin wallet for them, and then you would need to trade that bitcoin with your buddy.
8.
Sell your bitcoin on Bitfinex Buyers can buy bitcoin on Bittex, the cryptocurrency exchange operated by BitfineX.
The exchange allows buyers and sellers to trade currencies and to buy or sell bitcoin at any time.
You need to have your wallet and email on file, and you can also choose to use your Bittable account to send bitcoin to or from your friend, who can then buy or buy bitcoin
