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How to sell Bitcoin to USD/EUR/RUB
What is Bitcoin?
Satoshi Nakamoto is the mastermind behind the development of the world’s first cryptocurrency, Bitcoin. It uses the blockchain technology to store the transaction data, and the transactions are irreversible. Bitcoin is essentially a digital payment system that permits users to conduct permissionless transactions. It is decentralized and does not have any central authority.
Bitcoin uses the Proof-of-Work consensus algorithm to validate the transactions and ensure the safety of the chain. Miners take part in this process and are rewarded with freshly mined Bitcoins for their contribution to the network. Only 21 million Bitcoins will ever be mined, making it a deflationary currency unlike USD, EUR and other fiat currencies.
Bitcoin quickly rose to popularity among the people due to its mammoth of returns on investments. Bitcoin can also be used to pay at merchants, make payments online and trade. Bitcoin is often hailed as the Digital Gold and a safe haven for investments.
Now, on ChangeHero you can sell Bitcoin for USD, Euro and Yen in a few minutes. There will be no complicated steps or registrations to cash out Bitcoin to fiat. Simply complete a one-time verification process, and your cash will be on the way to your card or bank account. ChangeHero provides the best rates when you sell Bitcoin to fiat at a reasonable fee.