However, no amount of trading knowledge can save you from the losses cybercrime can cause. That’s why you should always use a reliable antivirus to keep your computer safe and the best VPN for crypto trading to keep you safe online. A VPN also helps you buy and sell Bitcoin in countries where crypto is illegal. Note that we’ll use Binance for its ease of use, but many people prefer to use a dedicated peer-to-peer platform for the extra privacy and wider array of payment types. If you’re in a country or region where the platform is banned, you’ll need one of the best VPNs for Binance. There are some problems around this, such as what happens if the buyer doesn’t pay up, and the peer-to-peer marketplaces will still have some information on who you are.
We believe everyone should be able to make financial decisions with confidence. The easiest way to cash out your Bitcoin, Bitcoin Cash, Ethereum and other cryptocurrencies. Coinmama is considered relatively expensive when it comes to exchange rates. This is probably the fastest and most convenient method around if your country is supported. Once the sale is confirmed, tap Wallet and choose the local currency you just obtained (EUR).
Sell BTC for crypto using bridges
There is also a spread fee of 0.5% to use the simple trade option to sell or convert Bitcoin to cash. However, when utilizing Advanced Trade, no spread is applied. This is because traders are interacting with the order book directly which results in competitive fees. The simplest and easiest way to https://www.tokenexus.com/ is through an exchange. Although, selling bitcoin peer to peer is more private, it is not as safe for new users.
If you’re a bitcoin investor, you’re likely doing so to generate some sort of future profit. And in order to do that, you’ve certainly learned how to buy bitcoin. (If you’re still learning, be sure to check out our how to buy bitcoin article.) However, now that you’re a holder, you’ll definitely want to know how to sell bitcoin (BTC). Bitcoin is considered by many to be a pristine asset, and though it has its detractors, it remains a favorite investment for household investors and institutions alike.
Selling bitcoin is quite easy
When owning Bitcoin, at some point you could want to cash out part of your cryptocurrency to get back some cash or to withdraw some profits. There are different ways to sell your Bitcoins online, such as exchanges, direct trade or carry out a peer-to-peer transaction. You could also withdraw fiat money by using a Bitcoin ATM, or sell Bitcoin in person.
- It shouldn’t take long, but you won’t be able to move your money without it.
- For our illustration, we would be working with the email option.
- So if there’s one nearby, you can make it harder for someone to discover what you’re buying.
- (If you’re still learning, be sure to check out our how to buy bitcoin article.) However, now that you’re a holder, you’ll definitely want to know how to sell bitcoin (BTC).
- Hedge With Crypto aims to publish information that is factual and accurate as of the date of publication.
- Some of them won’t even require any type of ID or verification.
Coinbase is next on our list of the best exchanges to sell bitcoin. The San Francisco-based crypto exchange is North America’s largest crypto trading platform. Coinbase comes with an aesthetically pleasing platform that’s perfect for crypto beginners.
Can You Sell Bitcoin?
Three particularly popular exchanges with newcomers are Coinbase (read Coinbase review), Robinhood and Binance (read our Binance review). However, there’s nothing really tying you to a specific exchange, so you can try new ones and quickly change at any time. It is noteworthy that increasing network difficulty and reduced transaction fees on the Bitcoin network caused the hashprice decline. These elements point to a tough operating environment for miners. Changes in transaction fee income and network difficulty can significantly influence profitability. Given the current state of affairs, things will not get better for Argo Blockchain after the halving event.
Therefore, feel free to sell your BTC without any repercussions. Bitcoin gained massive adoption in recent years; as a result, there are many brokerage services available to onboard users. On the same token, this has led to many losing sight of bitcoin’s original intent — peer to peer transactions. Much like withdrawing to a bank account, first go into the “withdraw” section. However, this time, you need to select the payment service — such as PayPal or Faster Payments — instead of a bank account.