Once you’ve sold an NFT, you will likely receive crypto tokens.
There are several ways to turn crypto tokens into cash. Here is the most common method:
1. Send the crypto tokens from your wallet to a crypto exchange. Popular exchanges include Binance, Coinbase and Kraken.
2. Convert your crypto tokens to fiat currency. Exchanges allow you to convert your crypto tokens into fiat currency – such as USD, GBP and EUR. Fees are typically low, but check with the exchange before making the conversion.
3. Withdraw your fiat currency to your bank account. You may be required to complete a KYC check with the exchange before withdrawing funds to your bank account.