One major issue confronting crypto investors is knowing how to sell their cryptocurrencies with little to no fees. On many crypto platforms, buying and selling Bitcoin and involves similar procedures with the only difference being that — to sell your crypto, you need to have funds in your account.
How do you sell Bitcoin?
You can buy and sell crypto in several ways, namely crypto exchanges, Bitcoin ATMs, and peer-to-peer transactions.
Here is how to sell your cryptocurrency fast
1. Understand the particular cryptocurrency you want to sell
If you have a wide portfolio of crypto holdings including Bitcoin and altcoins, you first need to choose which digital currency is worth selling at that time. While some crypto broker exchanges will allow you to sell your crypto directly for fiat currencies such as the USD, EUR, or GBP – other exchanges don’t support direct crypto-to-fiat transactions. So, do your research before you end up limiting your freedom to cash in your crypto.
2. Create a user account on a crypto selling platform
Having made your decision about which crypto to sell, it’s time to choose a crypto platform through which you want to sell. Check to ensure that the platform supports withdrawing your crypto.
How do I sell my cryptocurrency for cash?
If you want to sell your Bitcoin for cash instantly, NakitCoins could be your best choice. This Turkey-based decentralized crypto exchange makes it easier to sell and buy Bitcoin at low fees without any limits. Swap your crypto with NakitCoins and enjoy topping up your Bitcoin wallet.
3. Transfer your cryptocurrency to your wallet on the selling platform
After opening your user account on a crypto marketplace, you need to make a deposit before hitting the sell button. On P2P sites, you can choose to create your own sell order or better still click on a buy order to sell your crypto.
Your trading partner will provide you with their wallet address or QR code to receive the crypto.
Enter the number of coins you want to sell and complete the transfer. This procedure applies when you use selling platforms. For person-to-person transactions, you will need to meet the buyer and sell the crypto directly to them for cash.
Using Coinbase to sell crypto
Where can I sell cryptocurrency in the USA?
Coinbase is a global crypto platform that allows you to buy and sell a number of cryptocurrencies such as BTC, LTC, and ETH in America. You could use this app to convert your cryptocurrencies, and send and receive crypto money from other parties.
The Coinbase mobile app shows you the market prices of different currencies and it gives you control over your portfolio of holdings. This broker was among the first crypto businesses to go public in the United States when it started trading at $381 on the Nasdaq in April, resulting in Coinbase’s market cap hitting $99 billion on a fully diluted basis.
Some crypto exchanges strictly regulate the amount of money you can withdraw within certain timeframes. You increase your trading limit over time if you complete KYC verification requirements. Crypto exchanges offer custodial wallet services, but these are not fully secure due to the risk of hacking.
Does blockchain sell Bitcoin? Yes, it does. Blockchain users can sell their BTC from their Private Key Wallet via the Web or mobile application.