How to withdraw from read.cash to Bitcoin (BTC) or a local currency (like USD or Naira)
One of the questions we still get often is "How to withdraw from read.cash to a local currency, like Euro or US Dollars or to Bitcoin (BTC)"
It is possible to do, however there is some misunderstanding here.
There is no "withdraw" function on read.cash, because we never hold your money. read.cash is a wallet. Your balance is controlled by your browser only. We can't move it, we can't touch it. Therefore you can't "withdraw", but you can only "send your money". (We oversimplify here, because your balance, of course, exists on the blockchain, but it is controlled by your browser only. See @Telesfor's comment below the article)
Whenever someone sends you a tip - they send from their browser directly to your browser, read.cash never touches the money in the process.
Whenever read.cash fund sends money - it's actually some donors's browser sends money to your browser. read.cash again never touches the money.
Convert to Bitcoin (BTC)
The cryptocurrency that read.cash uses is Bitcoin Cash (BCH) and not Bitcoin (BTC) is due to the fact that it is very expensive to move money around in Bitcoin (BTC). So, in that regard Bitcoin (BTC) is vastly inferior to Bitcoin Cash (BCH). That's why we chose Bitcoin Cash.
Currently (26 April 2019), it costs $0.49 to move your money on BTC blockchain. Imagine that everytime somebody wants to tip somebody on read.cash they would have to pay $0.50! read.cash fund would have been impossible. It pays out as little as $0.003 to people and it would have costed $0.50 just to pay $0.003 (so you pay 166 times more just for money transfer). It costs $0.001 to move your money on BCH blockchain.
You can convert your Bitcoin Cash to Bitcoin using one of third parties, like sideshift.ai, however the minimum amount to convert is probably around $1.
To do the conversion via sideshift.ai, just click "Send your money", then "Other cryptocurrencies", then "Bitcoin (BTC)":
Please note that this is a service provided by sideshift.ai, so if anything goes wrong you will need to contact them with your conversion ID.
Convert to local currency (like US Dollar, Euro, etc...)
The easiest way that doesn't require your passport is to use local.bitcoin.com, go to Trade BCH, select "I want to sell BCH" and find a seller that suits you. Be careful though, some of the offers might be scams.
You can try googling "convert bitcoin cash to (your currency)" to find some other ways.
If you know some reputable ways to convert your money to local currency - please suggest them in comments.
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