With many coins in your tip.cc wallet, you may be left wondering how you can spend that cryptocurrency in the real world. Nowadays, many companies have created ways to sell or use your crypto in the way it was originally intended, as an online cash.
Because cryptocurrency wallets are controlled by the user, it isn’t possible for more money to be charged than intended. In the event of a credit card number being stolen, it is possible for malicious charges to be made without the credit card owner’s permission.
The first few methods described in this article are ways that shouldn’t require any KYC (Know Your Customer) verification to prove your identity. That verification would require you to give up your identity to companies that are legally required to take it. This article will detail three methods to cash out your coins: buying gift cards, selling for cash, and buying products online with your crypto.
If you want to receive a small amount of cryptocurrency, then the
$faucet command is just for you. You can get a few cents of any cryptocurrency you want as long as the faucet has some of it.
How to withdraw from tip.cc
When using the crypto that you have on tip.cc, you must withdraw to the address provided by the service that you’re using. Make sure that you have enough to cover the transaction fees of the network and service that you choose.
The services listed in this guide only a select number of coins and tokens, so you may need to convert the cryptocurrencies you have in your tip.cc wallet into one of the ones accepted. Also be aware that certain networks such as Ethereum and the tokens on it have high fees that will make your withdrawals more expensive. You can follow the guide to withdraw from tip.cc here.
How can you buy gift cards with crypto?
Bitrefill, which was first launched in October 2014, allows users to buy one of thousands of gift cards or top up mobile phone minutes. The gift cards for numerous companies in many different countries are available for purchase, all using crypto. In addition, prepaid phone minutes available from many different mobile service providers were some of the earliest products sold by Bitrefill. The full list of products is available on their website at bitrefill.com.
The company doesn’t charge extra fees on a majority of the gift cards it sells and frequent buyers can create an account to earn rewards on their purchases.
Currently, the platform accepts Bitcoin (Mainnet and Lightning Network), USDT (Ethereum (ERC-20) and Tron (TRC-20)), Ether, Litecoin, Doge, and Dash as payment. To buy a gift card, you can:
How can I buy a gift card with Bitrefill?
How can you get cash for crypto?
Bitcoin ATMs first began popping up around 2013 to 2014 and have since become a very popular option for buying or selling crypto. The total number of installed Bitcoin ATMs worldwide has grown from about 6,000 at the beginning of 2020 to over 34,000 by the beginning of 2022, according to Coin ATM Radar. The name can be misleading because many Bitcoin ATMs allow the buying and selling of cryptocurrencies other than Bitcoin. While many of these ATMs may often charge high fees that are sometimes upwards of 10%, they make up for this by being convenient. Quickly being able to withdraw hundreds of dollars without KYC can make them very appealing.
The majority of Bitcoin ATMs are in the US and one of the largest operators is CoinFlip. The company allows for withdrawals of up to $900 per day at one of its thousands of locations across the country. The process on one of these ATMs specifically is as follows, although the process for many other ATMs is similar.
How do I use a Bitcoin ATM?
How can you buy products with crypto?
Shopping.io emerged in late 2020 as a way to allow the purchasing of online goods with crypto. With one account and in one transaction, it is possible to buy items from Amazon, eBay, Walmart, and The Home Depot. The site has also integrated the versions of the Amazon store from Canada, Japan, and many other countries. The company also has a great track record of successfully delivering products that people ordered.
For frequent shoppers, it is possible to purchase SPI tokens to save a small percentage that is calculated based on the value of the tokens you own. They have also released Shopverse NFTs that provide additional benefits that are listed on the website. Shopping.io currently accepts Bitcoin, Ether, USDC, Doge, Litecoin, Dai, and Bitcoin Cash.
The site is easy to navigate and use for purchasing. When purchasing from Amazon, it is possible to scroll down the page to find the ASIN which you can paste into shopping.io. This ensures that you have the correct product selected if you already found it on Amazon.
Overall, if you’re looking to purchase nearly anything online, it is possible to do so with Shopping.io. They provide a very useful service that has been used by thousands of people.
If you’re willing to give your information up through KYC verification, then there are plenty of other options for you. Many exchanges allow you to withdraw money to a bank account after selling it. For example, Coinbase allows for Instant Cashouts of up to $100,000 directly to a linked bank account. Other exchanges often offer similar features, so if you would like to get a larger amount of money that isn’t possible with the KYCless methods listed above, check your local exchanges to find the options available.
In addition, many Bitcoin ATMs allow you to increase your daily limit by providing identifying information such as your government-issued ID. For example, CoinFlip, the aforementioned crypto ATM company, has an increased daily limit of $8000 once Social Security number and enhanced verification has occurred.
Today, there are many more ways to cash out your crypto than in years past. Whether you need some cash, want to get a gift card, or have a product in mind, owning crypto isn’t a barrier to doing these things.