We've just touched on some of the basics in using Bitcoin so far, but one question we got from a user was what to do after they've received a payout into their Bitcoin wallet. Basically the user was sitting on some bitcoin, but she wasn't sure how to actually convert the BTC into USD dollars. There are actually several different options for turning your Bitcoins into cash. One is Coinbase which we touched on earlier. While it acts as a wallet, it also fascilitates transactions to and from your bank account. So whether you want deposit funds and purchase bitcoins, or you want to sell Bitcoins and send the proceeds back to your bank account, Coinbase is the medium. Another option would be to use a Bitcoin ATM card. One of the most reputable options is Bitpay. Once you open an account and receive your debit card, you can then load funds onto the card using Bitcoin. And once the funds are loaded you can proceed to use the card just as you would any other debit card including store transactions, ATM withdrawals, etc. So when it comes to collecting your winnings after a nice score, you can literally have cash in hand the same day by loading your Bitcoin winnings onto your debit card, then going to the ATM and taking out cash. Update: Now that PayPal supports Bitcoin purchases and trades, it is likely that you will be able to convert your Bitcoin directly into USD (or another fiat currency) directly within your PayPal app. This is a major gamechanger and should really help drive Bitcoin adoption worldwide. This functionality is not yet available, but it is finally on the horizon. Stay tuned!