How do I convert an NFT to cash?
Once you’ve sold an NFT, you will receive cryptocurrency.
There are several methods to turn cryptocurrency into cash. Here is the most common:
- Send the cryptocurrency from your wallet to a cryptocurrency exchange. Popular exchanges include Binance, Coinbase and Kraken.
- Convert your cryptocurrency to fiat. Alongside exchanging cryptocurrencies for other cryptocurrencies, exchanges allow you to convert your crypto into fiat (such as USD, GBP and EUR). Fees are typically minimal, but check with your exchange of choice before committing to the conversion.
- Withdraw your fiat to your bank account. You may need to complete a KYC check with your exchange to withdraw funds directly to your bank account.