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How to transfer Bitcoin for beginners

How to Transfer Bitcoin for Beginners, Bitcoin is transferred via the popular Bitcoin exchange site LocalBitcoins is a startup based in Helsinki, Finland, and has been in operation since 2012 and is the Bitcoin exchange.


 



How to transfer Bitcoin for beginners
• It has buyers and sellers (person to person) on the ground in more than 15,000 cities in 150 countries.
• You will likely find a buyer in your country via LocalBitcoins.
• The beauty and ease of Local Bitcoins is that you deal directly with the buyer at different prices.
• You can get funds and withdrawals in any of the supported formats (bank deposit, PayPal, Payoneer, cash).
• When it comes to transferring Bitcoin dollars or any other monetary currency, Localbitcoins is one of the most preferred options for those who do not wish to use exchange platforms.
• You can meet buyers or sellers online and conduct trading offline, and you can either pay cash or transfer the amount.
• You can also choose from many other options such as PayPal, SEPA or direct bank deposits to convert Bitcoin into cash (USD, EUR, INR, JPY, CNY, AUD, Dinars, etc.) It all depends on the buyer and seller.
• You can simply filter your country based on the payment method you want, just as you know the seller sets all fees here while LocalBitcoins acts as escrow manager.

Convert Bitcoin to US Dollar
If you are not in a hurry to convert Bitcoin dollars or fiat currency in your country and also want to avoid your tax obligations for some time, you can convert Bitcoin into USDT (digital currency).

Using USDT has its benefits when compared to dealing in US dollars or Euros.

If you plan to buy Bitcoin later, moving money to and from your bank account regularly keeps you accountable, and may add a commission.

Also, you don't have to worry about cryptocurrency fluctuations when converting to USDT, because this digital currency always maintains parity with the actual US dollar and thus always maintains its value of $ 1 per USDT.

This will also reduce the headache of permanently converting fiat currencies to exchanges to buy bitcoins; Because USDT can be used to buy bitcoin later if you want.

The good thing about USDT Tether is that unlike many exchanges, it is supported by many exchanges around the world, and some of these platforms are listed below, I have used this feature for intermediate conversion to USDT myself.

Trading platforms that support USDT: Bitfinex, Binance, BitBNS, KuCoin, Bittrex, etc.

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