Instead of going through a service like LocalBitcoins, you could just convert your cryptocurrency to USD by selling crypto to someone you know. Taking out a cryptocurrency-based loan is a more unconventional way to convert your cryptocurrency to USD. As it stands, only a select few tokens can be exchanged for fiat currencies. The benefits of taking out a loan in this manner include avoiding taxable events like paying short-term capital gains tax on cryptocurrency sales as well as not missing out on price rises in cryptocurrency. In this example, we will move OMG to Binance. USD Coin was founded on