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From there, you can transfer the money to your bank account if you wish. Coinbase charges high fees for small purchases, which might make this an expensive option. Depending on which exchange you use, you may need to transfer or convert your cryptocurrency to another popular currency such as the stablecoin Tether, before finally converting to dollars. Bankrate does not offer advisory or brokerage services, nor does it provide individualized recommendations or personalized investment advice.
