Bitcoin and other cryptocurrencies are expected to dominate the economy soon. Investors are rushing to buy bitcoin or sell the digital assets in preparation for the bigger trade to be experienced. However, the economy is still dominated by fiat currencies, so crypto investors still find themselves with the need to sell bitcoin after buying or accumulating them from business and micro-jobs.
Whether it is your first time selling or not, there is always a challenge unless you have the right information or an expert to guide you. But the good thing is that there are many options to sell bitcoin.
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How to Sell Bitcoin on an Exchange?
Due to the advancement of technology, the easiest way to sell bitcoin for bitcoin cash or to a bank card is through an exchange platform. As the sector grows, more platforms keep on coming up, and they have incredible services.
Using a reputable exchange platform has many benefits as we are going to see, so take notes.
Coinbase and Coinbase Pro
Coinbase is mostly used in the USA because of its low rates, security, and fast transactions. The rates vary depending on the dollar rate but you can be assured of affordable fees. If you are looking for a wallet host with insurance, then Coinbase is the exchange platform to consider.
So, how can you sell bitcoin for cash or through any other option on Coinbase? After making a decision that you will use this platform to sell bitcoin, open an account for faster transactions.
Then transfer the BTC you want to sell from a secure wallet to your account before you proceed to sell. Once the fiat money is in your account, you can withdraw it to your credit or debit card.
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Do you know that you can sell bitcoin on NakitCoins easily and fast? Any investor with an intention to sell bitcoin to cash or to a bank card has very simple options. First, the exchange platform has a physical address where you just walk in and sell BTC or any other cryptocurrency.
But if you want to keep it on the web, they have a platform to register and verify your details to sell to a bank card. So, if you are wondering how to sell my cryptocurrency for cash or credit card, then Nakitcoins has a solution for you.
Unlike Coinbase which is only in the USA, Coinmama is global. It has pretty much the same concept as any other reputable exchange platform to sell bitcoin. The first step is to open an account and verify your details in line with the ‘Know Your Client’ policy.
Any investor who wants to sell bitcoin easy way should consider Coinmama because it has heavy traffic to facilitate the process.
This exchange platform is popular among investors who want to sell bitcoin in a safe way while paying affordable fees. It is a global platform, and if you want to know how to sell cryptocurrency for cash or to a bank card, Binance will take care of that.
Do you need to have an account with Binance to sell bitcoin? Yes, it is a requirement. Once you have it, you should have your wallet ready with BTC you intend to sell and your fiat money will be added to the fiat wallet on the account ready for withdrawal to your credit or debit card.
How to Sell Bitcoin on a Bitcoin ATM?
Do you want to know how to sell bitcoin from your wallet? BTC ATM allows you to sell directly from your wallet without creating another account with the machine.
They are useful physical machines that can either dispense fiat money such as US dollars and Euro or send the fiat money to your credit or debit card.
BTC ATMs are becoming the go-to solutions for many people since they are fast and hassle-free. Most reputable companies managing these machines have always avoided fraud challenges making options very secure.
If you are still wondering, where can you sell your bitcoins? Then check if you have a bitcoin ATM in your area and try their services. You will not regret it.
How to Sell Bitcoin on a Peer-to-Peer Platform?
Unlike exchange platforms, P2P platforms do not have more services than connecting crypto sellers and buyers. Any investor who is wondering how do you trade bitcoin for cash or wants to sell bitcoin to individuals can try reliable P2P platforms.
The stakes are high for anyone who want to use this platform to buy or sell cryptocurrency. But legit platforms have a reputation for connecting investors successfully.
The buyer gives the seller cash in most of the time, although there are companies that can send the fiat money to your bank card.
Reasons Why People Sell Bitcoins
Now that you know where to sell cryptocurrency, it is time to know why investors sell their digital currency.
- Bitcoin is slowing down – Although there is a consistent growth in value since the inception of BTC, investors are keen to note that the growth has slowed down. Ultimately, the entire crypto sector is volatile and uncertain and investors have to spread the risk. So, those with a lot of BTC are now trying to dispose of it. That is why many of these want to sell bitcoin and either invest in other cryptocurrencies or just use the fiat money in other investments such as real estate.
- Stiff competition – Frankly, BTC is no longer the only game in town and other digital currencies and stable coins are taking over at a vigorous rate. They have better rates and faster transactions. So, investors who accumulated Bitcoins are rushing to sell bitcoin to upcoming investors so that they can get an opportunity to get a slice of the new pie.
Investors who want to sell bitcoin now know where they can do so, and why others are doing it. Ultimately, the insights shared above are invaluable to all crypto enthusiasts and any other investor.
Buying and selling crypto is now an effortless and safe business for all.