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Bit coin is a digital payment currency that utilizes cryptocurrency ( a medium of exchange) and peer to peer technology to create and manage monetary transactions as opposed to central authority./
This allows to send money or receive money across internet even to people you know or don’t know or don’t trust.
You can turn bitcoin to cash by selling bitcoin as a cryptocurrency exchange such as coinbase or kraken.
This is the easiest method if you want to sell bitcoin and withdraw resulting cash directly to bank account.
US Financial Industry Regulation Authority is a not for profit organization authorized by congress to protect investor in the US by ensuing that broker-dealer industry operates fairly & honestly.