Crypto
What to know when cashing out bitcoin: selling and withdrawal are different
Users seeking to convert bitcoin into U.S. dollars should understand that selling bitcoin and withdrawing dollars are separate steps, Decrypt reported. After a sale converts BTC into dollars, moving those funds to a bank account or debit card requires an additional withdrawal process. Users should confirm the final amount and fees before confirming a trade because prices can change. Withdrawal availability and limits vary by wallet, region and account conditions. Taxes may also apply.
