Topic: How to get your money out of Mycelium Wallet (Read 188 times)
You also have the option on Mycelium to buy/sell bitcoin, so maybe you can try that. But like many others said the easiest way it's to send your bitcoin to some exchanger or localbitcoins and sell it to get fiat money. If you choose localbitcoins you don't even have to sell your coins through bank account, it offers also other options, depending on seller you choose.
I get it thank you so much for replies!
Send the bitcoins to Coinbase, Gemini, Kraken or Bitstamp account and withdraw to your bank account or use the built-in BUY/SELL feature that Mycelium have.
Basically you have two options to 'get your money out of mycelium'.
You can either send your funds to another wallet/address of yours or you can import your 24-word-seed (which you hopefully backed up) into another BIP39-compatible wallet (e.g. electrum[1]).
To get your seed phrase out of mycelium you need to chose your HD-wallet -> Click on the 3 dots at the top right corner -> Backup -> write down your seed-phrase.
To get your seed into electrum you have to choose 'recover wallet' and then paste your 24 words in there.
[1] https://electrum.org/#home
You can either send your funds to another wallet/address of yours or you can import your 24-word-seed (which you hopefully backed up) into another BIP39-compatible wallet (e.g. electrum[1]).
To get your seed phrase out of mycelium you need to chose your HD-wallet -> Click on the 3 dots at the top right corner -> Backup -> write down your seed-phrase.
To get your seed into electrum you have to choose 'recover wallet' and then paste your 24 words in there.
[1] https://electrum.org/#home
Your money is not in Mycelium but in blockchain.
Mycelium and the other wallets just keep the private key and the addresses generated by them.
If you own the private keys you own the money.
You have just to enter the private keys in your prefered wallet and to send them (coins) where you want:
To an other address or to an exchange in order to sell them and become fiat.
Mycelium and the other wallets just keep the private key and the addresses generated by them.
If you own the private keys you own the money.
You have just to enter the private keys in your prefered wallet and to send them (coins) where you want:
To an other address or to an exchange in order to sell them and become fiat.
Hi sir newbie here I just wanna ask you guys how you cash out your money in mycelium wallet? Thank you very much!
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