How to transfer Bitcoin to bank account?|Converting Bitcoin to cash and transferring it to a bank account can be done through third-party broker exchanges or peer-to-peer platforms. Broker exchanges like Coinbase or Kraken require signing up, depositing Bitcoin, and requesting a withdrawal to your bank account.
How does the process of transferring Bitcoin to a bank account work? Could you please explain the steps involved in converting Bitcoin into cash and depositing it into a bank account? Is it necessary to use a third-party broker exchange like Coinbase or Kraken? What are the steps required to sign up for these exchanges, deposit Bitcoin, and then request a withdrawal to a bank account?