Choose a Cryptocurrency Exchange: The first step in converting your cryptocurrency into real money is to select a reliable cryptocurrency exchange. This platform acts as a bridge, allowing you to sell your digital currency in exchange for fiat currency.
Transfer Your Crypto to the Exchange: You need to transfer your cryptocurrency from your personal wallet to your account on the exchange. This process involves generating a deposit address from the exchange and sending your cryptocurrency to this address.
Sell Your Cryptocurrency: Once your cryptocurrency is in the exchange, you can sell it. The exchange will convert it into the fiat currency of your choice based on the current market rates.
Withdraw to Your Bank Account: After selling your cryptocurrency, you can withdraw the fiat currency to your bank account. This process involves adding your bank details to the exchange and requesting a withdrawal.