Trading earned credits in Bitcoin for USD

1 answers
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Trading earned credits in Bitcoin for USD
asked
How can I trade the Bitcoin I've earned by doing the courses on Blockgeeks for USD? What does the number that I have been assigned translate to when redeeming that for Bitcoin? And how to get that into my credit union account, by initiating a blockchain transaction?

Expert Answers

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Hi Ella.

You first need to redeem your blocks for BTC into your specified wallet (you need to add your wallet address in settings). Then once you receive your BTC, you can use them as you like. The conversion rate is as follows:
2048 blocks = 90,000 Satoshis (100,000 satoshi = 0.001 BTC).

Regarding converting BTC to fiat (USD), you can either use exchange services like Binance, Coinbase, etc. to withdraw your btc into your bank account. Alternatively, you can trade/sell it on a P2P platform where you send your BTC to someone who sends you USD to your bank account in return. I hope that clears your confusion.

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