Is exchanging bitcoins with money from other people the only way I can withdraw my money into my bank account?? Yes, it's the only way. You can't 'withdraw' bitcoins into your bank account, any more than you could 'withdraw' a car into your bank account. You have to sell them in exchange for money, and then you can deposit the money in your. Computers built for gaming or newer PC’s bought in the last year will make the most. Older computers and laptops will be able to mine as well, however not at the same levels as newer ones. On the high end, newer computers can earn $1-3 per day per GPU. (based on today’s value of bitcoin). Money that you control. Bitcoin is a new type of digital money and, just like with all money, you can store it, exchange it, and make payments with it. However, unlike with traditional (fiat) currencies where payments are controlled by central banks, Bitcoin puts you in full control of your own money.
Honeyminer makes mining and earning money simple for anyone with a computer.
nowNEW
Honeyminer gives anyone easy access to sophisticated mining software. Imagine earning meaningful passive income just by having your computer turned on, all while taking part in the blockchain revolution.
Sign up in a minute
Downloading Honeyminer takes less than a minute and only requires a valid email address.
Become an expert miner
Honeyminer’s proprietary algorithm will scan through dozens of cryptocurrencies to identify the most profitable coins to mine at any given time.
Stick with it
All mined coins will be automatically converted to Bitcoin and your balance will increase daily. You can keep it as an investment or sell it for cash anytime you want.
Earnings depend on the power of your graphics card as well as overall market conditions. Newer PCs can make anywhere from $15-$75* per GPU per month.
See the potential if you HODL based on annual bitcoin growth rates:
20%How To Take Money Out Of Bitcoin
Your peace of mind is our highest priority and we take pride in the fact that we are setting the highest standard for mining security.
We use Secure Sockets Layer (SSL) and aggressive encryption to ensure that information passing through our servers is anonymous and protected.
Honeyminer offers 2-factor authentication to safeguard your account. We enforce strict password policies, smart session monitoring, and suspicious login activity monitors.
Every line of code is audited and compiled in-house by our security experts. No risk of malicious code distributed by anonymously-produced mining software.
We store virtually all of our user’s digital assets in cold storage (not connected to internet), protecting against even the most sophisticated online threats.
How do I get started with Honeyminer?
It’s super straightforward, download Honeyminer and then run the program after locating it in your downloads folder. After running it your computer will start mining, its that simple!
How much can I earn?
It depends on the power of your computer specifically the graphics card(s). Computers built for gaming or newer PC’s bought in the last year will make the most. Older computers and laptops will be able to mine as well, however not at the same levels as newer ones. On the high end, newer computers can earn $1-3 per day per GPU. (based on today’s value of bitcoin)
Will Honeyminer harm my computer? (No)
Some antivirus software may flag Honeyminer as an unknown application. That’s because Honeyminer is brand new. Honeyminer software is written in the United States, compiled completely in-house, code-signed by DigiCert, and fully audited for security compliance.
After Honeyminer is installed, you can turn it on and off as you please. Your computer should run perfectly normal with it on, the one exception would be if you were playing a graphics-intensive video game, you may want to pause Honeyminer as the same graphics card is used to mine.
Do I have to auto-convert profits to bitcoin?
For now, yes as we wanted to allow people easy access to their profits. We realize some of you will want the option to hold some or all of the coins you mine and we are building functionality to support that.
Can I choose what coins to mine?
Not at this point. Our first goal was to create a 'set it and forget it' app for anyone to mine the most profitable coins. There may be some of you that have a favorite coin to mine and we will be building functionality to support that. For now you can rest assured that Honeyminer will identify the best coins to mine for you.
I run a mining operation already, is Honeyminer for me?
Transfer Bitcoin To Cash
Technically yes, as this helps any rig run on autopilot. However we realize that more experienced miners require much more detailed monitoring capabilities and we will be building that (and a bunch of other cool stuff) into Honeyminer Pro.
What’s Honeyminer’s Revenue Model?
Honeyminer supports development by taking a small share of the total mining earnings generated on our network. For users with 1 GPU the fee is 8% and for 2 GPUs or more the fee is 2.5%.
Bitcoins investment is one of the riskiest yet there are high profits included. ‘
Different Ways to Cash Out Bitcoins into Cash or Bank Account
The simple way to sell or cash out Bitcoins is to sell them via some websites which are quite famous and reliable in their business.
1. LocalBitcoins
On this website, you can sell Bitcoins in two ways- through online bank transaction or in hand transfer. You need to sign up and add the Bitcoins which you are willing to sell. You can prefer to sell for direct cash/ or bank transfer. People around you could see the price which you are quoting and can approach you. Since LocalBitcoins doesn’t verify the users beware of fraudsters as people you meet can harm you and may not be trustworthy. Localbitcoins connect the purchaser and seller personally where the Bitcoin can be converted to cash without any taxes or banking charges. Visit LocalBitcoins.
2. Bitquick
Bitquick is a platform where you can sell Bitcoins at the current price without any commission and is one of the fastest exchange. They provide a simple procedure where the user needs to enter the amount of Bitcoin on the personalized escrow address. There are various option to sell Bitcoin at such as static pricing and dynamic pricing. Dynamic pricing allows you to select the Bitcoin exchange rates and time of Bitcoin pricing. Such as 24hrs average, current price, whichever is greater. The amount would be directly sent to your bank from where you can withdraw the cash. Bitquick is not a secure website though, which may tamper your credentials. Visit Bitquick.
3. Coinbase
This is a trustworthy, safe place where you can sell Bitcoins for a reasonable price. Even though they levy a percentage of commission yet it is safe without any risks. You can go the wallet and select the number of Bitcoins you intend to sell. Once you confirm the amount would be sent to your bank which is being registered on Coinbase. Visit Coinbase.
4. CEX.io
Cex.io allows you to cash out the bitcoins in two different forms- bank transfer and cryptocurrency. This can be used for further investment or can be used to cash out. Cex.io is trustworthy exchange located in London. They require ID verification and valid proofs in order to make a transaction with them. Visit CEX.io.
5. Peer-to-Peer trading
This method of Bitcoin to cash includes a Bitcoin space such as Brawker or Purse where I would put my Amazon request regarding some household or personal purchase and the final cheque would be paid by a random stranger through his credit/debit card. Once the package reaches my place the Bitcoin space would pay the stranger in appropriate Bitcoins. In this way, the products which we need can be bought for Bitcoins. Bonus Tip:
How to Cash Out BTC in the Local Market
How To Get Your Money Out Of Bitcoin
In most of the countries, people are waiting to buy and invest on Bitcoin without using a bank account. Some do that to save the tax amount while some do it for illegal purposes without producing any documents/credentials. In fact most of the people with black money these days prefer using Bitcoins for converting their black money, in countries like India, people end up paying 10-15% more than the actual Indian Bitcoin value just for a cash purchase. This method is both cheaper and riskier than other markets. If any of our friend, family or relative is holding a Bitcoin and are willing to sell then you can get the Bitcoin at the actual price i.e. 15-30% less than the Indian value. By that way, you can make an in hand transaction without paying any commission to Bitcoin exchanges or paying tax to the government. The liquidity of Bitcoin can be maintained by these way where you can save yourself from bearing a loss. Converting to hard cash is always slightly difficult and risky while you can convert it into the bank account or other cryptocurrencies easily. There are some websites such as Coin.ph where you can invest on Bitcoins and can take it back to the Coin.ph wallet where it is safe and secure. It can be reused to either invest or can be reverted back to the bank account.