Normal bitcoins are the bitcoins that most people familiar with use. They are the bitcoins that every Tom, Dick and Harry can use to buy any old things they want in the Internet without worrying about how high they’re going to pay for it. While normal bitcoins can be used to do all kinds of cool stuff on the Internet, it’s still not the best way to get started. But, before we go any further, let’s take a minute to clarify what bitcoins are!
Put simply, bitcoins are bits of digital currency that can be transferred quickly and easily online. You might be asking how this is different from normal coins! Well, to start, bitcoins are anonymous because you don’t have to know who sent it to you. The government does not even have to know about this! In other words, bitcoins are really more like cash than regular coins. But, just like regular cash, they can be “printed” out at anytime.
That brings us to the next major difference between normal bitcoins. Normal bitcoins are only good for a few days before they expire and have to be replaced by new ones. Bitcoins work in a completely different way. They are stored in digital wallets that allow you to keep track of your balance with a simple code. These bitcoins are usually secured with some kind of private key or even a password.
So, where do you keep your bitcoins? You keep them in a place of safekeeping with a wallet or even an online account. But, unlike normal bitcoins, you can spend these bitcoins immediately. This makes transactions with normal bitcoins a bit too fast for some purposes.
But, then again, some people are happy to spend their bitcoins immediately. They can do this using any major credit card or online payment tool, including PayPal. Also, you can buy some bitcoins right now and use them tomorrow. That’s right. Because of the nature of these bitcoins, their usefulness is unlimited. If you want to buy a pizza today, you can do it.
But, you should know that not all people who have normal bitcoins are thieves. There are many cases where people keep their bitcoins on hand and never touch them. They simply have a system that allows them to withdraw their balances at any time from anywhere in the world. If you’re a normal holder, there are probably times when you would like to take a little extra cash to enjoy for yourself.
If you have access to a merchant account, you can use that service to convert your normal bitcoins into dollars and vice versa. This service is often called “bitpay”. But, you will have to pay a fee of around $7.50 per transaction. You may even have to pay a fee if you want your transactions to be insured.
But, if you don’t have access to a merchant account, then don’t worry. You can still exchange your normal bitcoins for cash by visiting any number of websites online. These websites will give you a form to fill out and they will convert your normal bitcoins into US dollars. When you choose to complete the transaction, they will send it over to you through a credit card or PayPal account. This method is much less expensive, but you will have to wait a few days until the money clears since it must go through the money transfer companies first.
If you’re not sure which website is the best, we recommend you visit four or five of the biggest ones and check out the services they offer. These sites will give you the option of converting your normal bitcoins into US dollars. Once you have made your choice, you will fill out your information so that they can proceed with the transfer. The website will also send you an email confirming the transaction. It will only take a few seconds.
There are several other ways to convert your normal bitcoins into US dollars. However, your best bet is to find a service that will allow you to do this online. This way, you won’t have to wait around for weeks to get your hands on some cash. Also, once you have converted your normal bitcoins into US dollars, you can use those funds for whatever you wish. You will not have to wait on the approval of a money transfer service.
There are many people that wonder how their normal bitcoins into US dollars can be handled if they are abroad. Well, there is no need for you to worry about anything. There are numerous online currency exchangers that will gladly take your normal bitcoins and help you send them to any US bank account that you want. However, you will want to make sure that you do business with a trustworthy company. Look for reviews online and make sure that you get in touch with people that have used the service before you send any cash.