What can you do to turn your Bitcoins into real money?

After the fall of the internet's most popular Criptomoneda value, some may be thinking of changing it for real money before it's too late.

Bitcoin went from worth $20,000 to down to the little over US $11,000 on December 22, although this week stabilized at US $15,000, according to the Luxembourgish market Bitstamp.

The idea of the Criptomoneda is that they are not banknotes or coins in physical state, but circulates in the net.

But what you pay for it is real money and maybe there is someone who wants to recover it before, as some point, "explode the bubble."

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Buying and selling bitcoins is not too complicated, but making your value transfer to your bank account can be more difficult.

Remember that the first thing that everyone has to do when you have Bitcoins or criptomonedas is to create a wallet to save them.

In these digital portfolios are stored the necessary keys to access the amount that you have registered under a certain address.

Once you have the purses you can start trading in the market to spend them, swap them or get real money.

Here we review three of the most common ways you can do it

1. Currency market

As if it were a market where currencies from different countries are bought and sold, the digital money exchange platforms (known as Exchange) are places to buy sales of bitcoins and other virtual currencies.

One of the most popular is Coinbase, who came to suspend operations after the collapse of Btcoin last Friday.

If everything works perfectly, in these platforms all you have to do is select the portfolio from which you want to extract the money, allocate the amount and sell.

If the destination is a PayPal account you will get the money in the currency chosen instantly and in four or seven days if you choose to receive it in your bank account.

2. Paper Portfolio

Some people prefer to save the Criptomonedas offline to avoid cibertaaques and do so in the so-called wallets or paper purses.

Having your criptomonedas out of the network makes them safer, but it also adds one more step in changing them for cash.

The paper purses are just a sheet that includes the private key that gives you access to your Bitcoin to prevent the currency fluctuate on the net, more vulnerable to theft.

Once you have obtained access you will have to circulate your criptomoneda on the Internet to put it in a digital purse.

The hard part here is that not all digital wallets support the criptomonedas that come from a wallet offline.

Once you get it you have to move it to a portfolio supported by Coinbase and from there you only have to follow the previous point to obtain an income in your account.

3. "Cold" wallet

Cold portfolios or hardware are an even more complicated system, making it harder for your money to materialize in cash.

These are external storage devices specially designed to safely store your bitcoin.

To remove it from the hard drive and pour it on the internet you will most likely need to use the specific software provided by the device itself.

Once on the internet repeats the above, you must put the desired amount in a digital portfolio and from there to access a platform for digital change to reverse the Bitcoins in cash.

The complicated thing is that not all digital portfolios admit the money that comes from a cold portfolio as they do not accept the coming from a paper portfolio.

The more you protect your bitcoins, converting them into bills becomes more complicated.