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Cryptocurrency is a digital version of cash that does not exist physically and is decentralized which means it is not associated with any bank or issuing authority and is controlled by its users. The records of coin ownership are saved in a computerized database while using sophisticated cryptography to verify and carry out safe and secure transactions. The most popular cryptocurrency is Bitcoin which was first released in 2009. The notion that bitcoin will soon overtake fiat currencies is the reason why most people are putting money in it now. In the model, one day, users would be able to use Bitcoin for any sort of purchases when it substitutes fiat currencies, such as U.S. dollars, that will then no longer be needed. In the meantime, interestingly, there are indeed a relative handful of corporations or groups of people who receive funds in Bitcoin. That is yet another purpose you might want to translate your bitcoin to cash - to use the worth of your bitcoin to buy the real stuff. One other justification is that the market is in a downward trend. If you expect the cost of bitcoin is going to just keep sinking and thus willing to prevent yourself from loss of revenue, it makes perfect sense to transform bitcoin to real money while you are waiting for the value of bitcoin to regain. Bitcoin network works based on “block chain” which is a public ledger consisting of all the transactions ever carried out. The price of a single coin started at 0.0008 USD in 2009, but now, in a time frame of 12 years, it is well above 30,000 USD for a single coin. You can get bitcoins as payment for any service or product or you can directly buy them. If you have bitcoins and you are thinking of how to convert bitcoin to cash, it is quite simple.