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Once you have chosen a cryptocurrency exchange to sell your Bitcoin, you will need to create an account. Find the sign-up or register button on the homepage then do the following:. You will then have to go through the KYC process to verify your identity. We've outlined the basic steps below, but more in-depth instructions can be found in our KYC-guide.
The next step is to deposit your BTC on the exchange in order to sell it. In order to do this, follow these steps:. Now that your Bitcoin is in your exchange account, you can sell it. There are a few different ways to sell BTC through an exchange: instant sell, market order and limit order. It is important to remember that you can sell Bitcoin for fiat or for other crypto coins and tokens.
In order to do an instant sell, you will have to have previously connected a bank account or withdrawal destination. Instant sales tend to have the highest fees and are made at market price. Overall, you net less than using the spot market. With instant sale options, you are paying for convenience and speed. Generally, you choose how much to sell and where to deposit. You will get a preview of the transaction so you can check the details.
Once you've confirmed the details, you can finalize the sale. In order to access the market and limit orders on a crypto exchange, you will need to navigate to either "spot trading", "trade" or "markets". How the trading interface is labeled varies by exchange. While there are often more trading options than just market and limit orders, they are the most common. When selling Bitcoin through spot trading, you can sell it for fiat pegged stablecoins or other digital assets. If using a market order, simply choose how much BTC to sell and then place the order.
If using a limit order, choose how much BTC to sell and at what price, then wait for the order to be filled. You can cancel your order at any time if it's unfilled. When trying to sell Bitcoin through a platform that permits fiat currency withdrawals, check to see what withdrawal methods are supported.
Options may include the following:. The best way to sell Bitcoin is subjective and varies based on your circumstances. What works well for one person might not be a good fit for the next. Instead, it's about working out which option is the right choice for you. You can do this by asking yourself a few important questions:. These questions should help you decide how you want to sell your Bitcoin, and you can then figure out which platform has all the features you need. When comparing different cryptocurrency exchanges, make sure you consider the following:.
There are several other important factors, such as where an exchange is regulated and the payment methods accepted by peer-to-peer trading sites. For a full breakdown of the features to look out for, check out Finder's cryptocurrency exchange guide and discover tips on how to choose the right platform. Peer-to-peer or P2P marketplaces are one of the most popular alternative ways to sell Bitcoin.
P2P exchanges require no identity verification, allow you to browse through buyers and see offers for each type of accepted payment method. They also do not require you to give up custody of your funds. To sell your BTC on a P2P marketplace, you simply register, post what you have for sale, how much you want for it and acceptable payment methods. You will need to note any extra fees as well. Then you wait for a buyer to contact you.
P2P sales are done using arbitrators and escrow and are surprisingly safe to do. There is a P2P marketplace built into Binance, but there are other options such as Localbitcoins. Be sure to research any P2P marketplace before using it. This does not include any fees you as the seller set for the buyer.
Bitcoin ATMs are an increasingly common sight around the world. These kiosks used to only allow the purchase of BTC with a credit or debit card. Nowadays, they often allow for both purchases and sales. You can find Bitcoin ATMs in just about every city, though they are often not all that convenient to get to.
In addition, fees charged through Bitcoin ATMs are often much higher than any other option, with 6. Now might be a good time to sell Bitcoin, but it depends on a number of factors. Check out our Bitcoin price analysis. Yes, you can sell Bitcoin for fiat. You can also sell it for any other paired crypto coin or token. The trading pairs available for Bitcoin vary by exchange.
Yes, you can sell your Bitcoin instantly using the sell crypto or similarly labeled interface. Fees are higher for using instant sell options, meaning you net less. Each selling method has varying fees that affect your net received in your account of choice.
No, it is not hard to sell Bitcoin. It has the highest daily trading volume of any crypto asset and is sellable through a ton of avenues. The easiest way to sell it is through an exchange. Is Bitcoin mining still a profitable venture? In this article we explain the basics, outline the steps involved and discuss the costs to consider. Find the best Bitcoin wallets that have what you need for features, security and convenience in our up-to-date list of the best BTC wallets. A panel of 33 industry specialists give us their predictions on the price of Bitcoin over the next decade.
Want to know how to buy bitcoin and other cryptocurrencies with a credit card in the US? Find out in this step-by-step guide for beginners. Want to ramp up your Bitcoin knowledge? Follow our easy-to-understand guide on what Bitcoin is, how it works and where to buy it. Buying Bitcoin is easier than you think — learn how to buy Bitcoin from a cryptocurrency exchange and discover how to start building your portfolio.
Click here to cancel reply. Thanks for your comment and I hope you are doing well. You may be able to sell Bitcoins at some gold exchanges. How to sell bitcoins in these exchanges are not yet available on our pages as of the moment so please inquire carefully before proceeding. This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks — they are highly volatile and sensitive to secondary activity.
Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. I prefer selling bitcoins and other cryptos on a website called CryptoExMart. Never seen an exchange company that pays faster. Optional, only if you want us to follow up with you.
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Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Updated Mar 4, What changed? Learn more about how we fact check. Wire transfer, Online banking. Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Non-US residents can read our review of eToro's global site here. Go to site View details. The first block was mined by Nakamoto, and there was a reward of fifty Bitcoins. After the release of Bitcoin, Wei Dai and Nick Szabo also expressed strong support for the cryptocurrency.
Before Nakamoto severed its involvement with the Bitcoin movement, he mined a minimum of about one million Bitcoins, and then he disappeared. Gavin Andresen became the public face of Bitcoin since he became the lead developer at the Bitcoin Foundation. The rise of Bitcoin has led to increased commercial, academic, investment, transactional, numismatic, and practitioner interest in cryptocurrency.
The open-source code of Bitcoin helps other developers to create alternative coins based on the code of Bitcoin. The first Bitcoin to British pound was calculated on the 20th of November , and it was The all-time high was on the 12th of November , when one Bitcoin was worth 48,
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Register on hutsonartworks.com and complete the verification. Go to the Sell page on the website. Select Bitcoin as the coin to sell and input the amount. Choose GBP. Depends on how much basically. Small amounts go to coinbase, larger amounts try Bitstamp or Kraken. If you have a huge amount (k GBP+) then. hutsonartworks.com › What-is-the-cheapest-way-to-send-Bitcoin-to-a-GBP-acc.