As an example, you can consider the offline exchange service GeCrypto, which has an extensive international network. Token-to-cash conversion with them follows this algorithm:
1. The seller contacts a GeCrypto representative through a convenient method. This can be done by visiting the company's office, making a phone call, or using their Telegram bot.
2. Specify the amount, currency, and the volume and list of tokens you intend to exchange.
3. The request is processed, and the user receives cash without any bureaucratic hurdles.
Currently, this service is available in more than 30 cities, including Tbilisi, and the list is continually expanding. The optimal method for converting cryptocurrency into cash directly depends on the desired amount the user wants to get in the end. Consider the following recommendations:
- For small amounts, around $50 to $100, the easiest route is through exchange services, provided you're comfortable with their fees.
- For traders, using centralized exchanges is advisable, but be aware that you'll likely need to report such income to tax authorities.
- In other cases, selling directly to a buyer, preferably through offline exchange services like GeCrypto, is the most secure option.
It's also possible that other options will emerge in the future. The possibility of cryptocurrency payments in regular stores and cafes is already introduced. However, the lack of legislative regulation of the circulation of digital assets remains a major obstacle: some countries are hesitant to acknowledge cryptocurrency as a legitimate form of payment.