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Author: Admin | 2025-04-27
Bitcoin and withdrawing cash directly to a local bank account.Another method to turn Bitcoin into cash in Saudi Arabia is through peer-to-peer (P2P) marketplaces. These platforms match buyers with sellers, allowing the both parties to negotiate prices, withdrawal methods, and terms. Some popular P2P marketplaces in the region are Symlix and Paxful. These trading platforms offer a diverse range of withdrawal options, including domestic and international bank transfers, online wallets, debit/credit card withdrawals, and much more.Crypto debit cards are another innovative way to cash out Bitcoin in Saudi Arabia. These cards allow users to spend their Bitcoins at merchants and traditional ATMs, just like any other debit card. Some popular crypto debit cards that are available in the region are BitPay and Wirex. Gift cards for online stores and supermarkets are also a popular mode to cash out Bitcoin in Saudi Arabia. Platforms like Gyft and eGifter allow customers to buy gift cards for hundreds of retailers using Bitcoin. Users can then use these gift cards to purchase goods and services, effectively cashing out their Bitcoins.Apart from these methods, there are other ways to cash out Bitcoin in Saudi Arabia, such as Bitcoin ATMs and over-the-counter (OTC) trading. Bitcoin ATMs enable users to withdraw cash directly using their Bitcoin wallets, while OTC trading involves buying and selling Bitcoin through a broker. Some companies that offer gift cards and other innovative ways to cash out Bitcoin in Saudi Arabia include Bitrefill, Bitholla, and Coincards.
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