PlusOneCoin (PLUS1USD)

[Mokyo Toe]

It will be a three-step process.

You will need an account with Trade Satoshi or other exchange dealing in PLUS1 (someone here recommended crypto-bridge, which I have not tried)

You will also need an account with Coinbase or similar market that will exchange for fiat currency (not all do)

1. Send your PLUS1 to TS or other exchange, and trade them for BTC or any other cryptocurrency that Coinbase (or similar market) trades in. The most liquid market is in BTC, so probably that is your best bet.

2. Once converted into BTC, you send them to your Coinbase wallet.

3. At Coinbase, sell your BTC for cash and withdraw.

You might want to consider getting a BTC wallet so that you don't have to leave BTC in the exchanges if you don't want to sell it right away. That way, you can keep them safe at home and transfer them to Coinbase when you want to sell.

Transfer fees will apply, and they can vary (this is built into BTC, not the exchanges) so be aware of that. Usually they are negligible, but sometimes they are significant.

Be aware that the blockchain can be slow, especially for BTC, and you won't be getting much done instantly as we are accustomed with normal brokerages and banks. The whole process above may take as long as 48 hours, although a few hours is more the norm.

Not an uncomplicated thing to do, unfortunately. Over time, this ought to improve, but for now it is the way it is.