How to sell bitcoin on paxful

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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 35 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.

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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. US Cryptocurrency Exchange. SoFi Cryptocurrency Exchange. Bank transfer. KuCoin Cryptocurrency Exchange. Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits.

Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency. Gemini Cryptocurrency Exchange. Execute multiple trade types with no fees on cryptocurrency and wire transfer deposits on this exchange.

Okcoin Cryptocurrency Exchange. Buy, sell and earn cryptocurrency with this user-friendly exchange and smartphone app. Exchanges seem to be the best choice for beginners. They are secure, cost-effective, and quick to set up. Many of them offer various options of payment as investors can choose to buy bitcoins either with fiat or with other cryptos. The possibility to buy crypto for fiat is especially handy for newbies as it facilitates the onboarding process.

The initial purchase of cryptocurrency can be made on such reputable platforms as. What they have in common is a user-friendly interface and a simple onboarding process for newbies. Basically, the process is as follows:. From this perspective, Bybit offers a service that would perfectly fit newbies as well as seasoned traders and investors. Generally, crypto newcomers start their journey with traditional centralized exchanges that act as a middleman.

But it is also possible to buy bitcoin directly from other Bitcoin owners. This is possible on platforms such as:. The key difference is that you buy cryptocurrency not from a centralized platform, but from another person. The platforms mentioned above serve to connect buyers and senders. The first step on P2P platforms is the same as on regular exchanges as it involves creating and verifying your account. Then users need to browse different offers and find a trading partner who provides the best price and most convenient payment method available.

If a suitable option is found, all you need to do is open a trade with the selected Bitcoin seller. Once the trade is initiated, the seller sends Bitcoin to the escrow account and a buyer sends the relevant sum of fiat money. After that Bitcoin is unlocked and sent to the buyer. If there is no appropriate offer on the platform, you always can publish a request yourself. Such a method has some advantages:.

But there are also some risks associated with this method, especially if you conduct your own P2P selling. The seller may ask for additional information from the buyer, or for additional commission. That is why it is always best if participating in this method, to only do so on legitimate platforms like the ones above, which for the most part, have security measures in place such as identity check, and as mentioned, escrow. Such machines look like ordinary ATMs but they allow buying Bitcoin physically for fiat money.

Some Bitcoin ATMs possess bi-directional functionality and give an opportunity both to buy and to sell Bitcoin for cash. This method is especially useful for those who find it difficult to adapt to technological innovations and prefer more traditional ways of payments. Another advantage of ATMs is the quick transaction speed. The risks of fraud are also eliminated because no third parties are involved in the deal.

There are about 30 types of such machines and an algorithm of actions may vary but the basic principle remains the same. It can help you allocate Bitcoin ATM machines in your home city. Once bitcoins reside on your wallet, you should make a decision on what you are going to do with them. Traders may make use of it immediately as they return to exchanges and switch their bitcoins to different altcoins. However, if you prefer to store it long-term to make profits later when its price increases, you should consider withdrawing it to your own wallet.

A cryptocurrency wallet is a program intended for storing public and private keys that enable access to your funds, allow sending and receiving cryptocurrencies, tracking their balances, and interacting with various blockchains. There are two types of crypto wallets: hot and cold ones. Both types have their own advantages and disadvantages and can be used for different purposes.

A cold wallet is a physical electronic device that is not connected to the internet and allows to store assets offline. One can receive bitcoins to the cold wallet at any time, but when it comes to spending them, the device must be connected to the PC or a laptop. Hardware wallets and paper wallets fall under this category. Hardware wallets are typically USB drive devices designed for storing private keys in the offline environment. Such wallets are invulnerable to online hacking and unaffected by computer viruses.