There are different ways to sell your Bitcoins online, such as exchanges, direct trade iforex review with the help of viral marketing or carry out a peer-to-peer transaction. You could also withdraw fiat money by using a Bitcoin ATM, or sell Bitcoin in person. Once sales have been completed, tap on the ‘Fiat and Spot’ icon and click on ‘Withdraw.’ Select a preferred payment method and follow the on-screen prompts.
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Buy crypto, grow your assets and manage your transactions in one single app. Your money will what is async be transfer by Coinify to your bank account automatically. In the “sell crypto” tab in Ledger Live, select your BTC account, enter the amount of BTC you wish to sell and select the currency you need. At Ledger, we integrated the possibility to sell Bitcoin in our application Ledger Live via our partner Coinify. You can keep your crypto secure in your hardware wallet while buying, selling and managing your Bitcoins.
Sell Bitcoin via Over-the-Counter Trading
Decentralized wallets, such as Leather, allow you to sell Bitcoin without relying on a centralized exchange. When you buy crypto online, on an exchange for instance, you are not in control of this key, the exchange is.A Bitcoin wallet helps you protect and control your private key. Ledger Bitcoin (BTC) wallet, combined with our application Ledger Live, is the most popular way to secure your funds while giving you the freedom to manage everything on your own. You can send, receive, buy, sell your Bitcoins without compromising their security. Once you’ve chosen your selling method, you need to transfer your BTC from your personal wallet to the platform where you’ll sell it. Bitcoin holders that are 18 years and older can sell their BTC on a cryptocurrency exchange.
For instance, Binance is one of the most economical exchanges that charges 0.1% to sell Bitcoin and is an ideal platform for those who want to lower their crypto fees. Moreover, there are also fees to transfer Bitcoin between wallets and exchanges that should be considered. We review some of the best crypto exchanges for traders to sell BTC. These exchanges were selected based on the platform’s ease of use, features, fees, and liquidity. Exchanges are intermediaries in the buying and selling transaction, holding the assets from both sides so there cannot be any dispute once the transaction is executed. If you’re looking for convenience over privacy, exchanges might be ideal, and the good news is that there is usually no – or minor – KYC required to transfer cryptocurrency.
Fees and Profits When Selling Bitcoin
Hopefully, the bitcoin you want to sell is secured in a cold storage wallet. In that case, the first step is to transfer the asset to your chosen service provider. The easiest way to sell your bitcoin for cash is at ATMs, in person. Make sure you trust the person you will be meeting for the exchange, not to risk being tricked into scams or more severe consequences. Bear in mind many people would go far to get hold of your bitcoin, and prioritizing security when you exchange in person should be a must. The selling process is often simply the reverse of the buying method and should be relatively easy to manage.
Sending bitcoin is as easy as choosing the amount to send and deciding where it goes.
Then, once the withdrawal is ready, you’ll need to be a bit patient. Like most other bank transfers it may take up to 1-5 business days for the cash to reach your bank account. Gate.io rounds off our list of best exchanges to cash Bitcoin holdings. Gate.io is a cryptocurrency exchange that supports several different cryptocurrencies and trading pairs.
To learn more about the exchange, read our full review on Coinbase. 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. The user-friendly exchange only offers one way to reduce a Bitcoin position which is limited compared to Binance.
If you don’t want to use an exchange or brokerage, the best cryptocurrency exchanges in the uk you can also cash out via a Bitcoin ATM. However, Bitcoin ATMs will also charge some fees, so make sure you accept the terms of the transaction before you cash out. To create a personal account, fill in a valid email address on the next page and add a unique, strong password. Overall, Gate.io is one of the oldest and most trustworthy exchanges for cashing out of BTC.
This is because high liquidity ensures faster sales and their secure platforms provide escrow and insurance. When cashing out Bitcoin, you are most likely going to be subject to some transaction, network or withdrawal fees. Unfortunately, there is no magical Bitcoin bank that can cash you out without charging any commission or additional fees.
Confirm and click on ‘Send,’ and the crypto asset will be deposited into the Binance wallet once all verifications have been made on-chain. Some apps are geographically limited to specific countries; therefore, check their terms beforehand, as you may be refused access if your jurisdiction is not included in their service. According to the filing, Strategy expects to report an unrealized loss of nearly $6 billion for the first quarter of 2025. The company currently holds over 528,000 BTC purchased at about $67,450 per coin, as Saylor posted on X on March 31. Bitcoin whales quietly accumulate during the dip, offering clues for savvy investors. Moreover, P2P is more private since some platforms don’t require full KYC, depending on local regulations.
Exchanges:
OTC (Over-the-Counter) trading involves direct transactions between buyers and sellers, usually facilitated by brokers or specialized services, and is conducted off-exchange. This method is ideal for large Bitcoin transactions as it avoids impacting market prices. OTC trading offers a more controlled environment, allowing large amounts of Bitcoin to be sold without causing price fluctuations. This would automatically swap the crypto asset to a quote currency – which is the second currency in a currency pair like USD or EUR. Once converted to fiat, Kraken users can withdraw the money to their bank account.
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To do this, you’ll need to access your crypto exchange account, like Binance, HTX, or Bybit, and find the trading pair you want to trade, like BTC/USDT. To sell Bitcoin, you typically buy in or transfer your BTC to the platform of choice, set the amount to sell, and decide whether to sell at market price or set your own price. Once the sale is complete, you can withdraw the funds to your bank account or hold them for future trades. Tap on ‘Trade’ from the list of options to open up the trading terminal. A limit order allows an investor to set the price to trade a coin, while a market order allows the user to sell at the current market price. Users should note that placing at-market trades to quickly convert Bitcoin to cash can incur higher fees.
- Exchanging Bitcoin and other cryptocurrencies into cash is an essential step for many users, whether to secure profits, mitigate losses, or simply access funds for real-world use.
- Going this route would see an investor incur 0.10% in trading fees.
- Proceed to copy the wallet address and paste it on the recipient address bar of the external wallet.
- Your money will be transfer by Coinify to your bank account automatically.
- Deciding when to sell your Bitcoin can be tricky and depends on various factors such as your financial goals, risk tolerance, and market conditions.
Bitcoin trades at about $76,100 right now, which is down 8% over the past week. While this price is still above Strategy’s average purchase cost, market volatility puts the company in a risky position. Be aware though, that large transactions may still trigger AML (Anti-Money Laundering) or KYC (Know Your Customer) checks. Bitcoin, the world’s first and most famous cryptocurrency, has dramatically transformed our perception of money. With its unprecedented rise in value over the years, many individuals find themselves holding Bitcoin and wanting to sell it but are unsure how to do it. Leather offers a simple, secure, and comprehensive way to manage and sell your Bitcoin, all from one user-friendly app.
Bitcoin broker marketplaces are growing worldwide due to their diversified offerings, including futures contracts and assets beyond digital currencies. Some even let you trade your bitcoin directly, 24/7, and with competitive fees. You should choose this third-party service if you are interested in trading derivatives and multiple assets. Bitcoin is the most liquid of all cryptocurrencies, so it is relatively easy to sell, especially in high-volume mainstream crypto exchanges that provide market/maker (instant) orders.
Others are thinking about selling, trying to get out before things go south. Hedge With Crypto is an independent publisher that provides objective and free content. However, our editorial content remains unbiased, reflecting our own opinions or the general information available. For more information on our company policies, read the Affiliate Disclosure, Privacy Policy, and Terms & Conditions.
- Strategy, the software company led by Michael Saylor, might need to sell some of its massive Bitcoin holdings to pay its bills.
- Before selling Bitcoin, investors need to deposit BTC into their Binance accounts.
- Cryptocurrency exchanges are one of the most popular ways to sell Bitcoin.
- Financial security isn’t just about money—it’s also about peace of mind.
- For more information on the security and fees, read our full Binance review.
- The alternative is to sell BTC for fiat on the exchange but this way comes with another fee depending on the withdrawal method.
- There are different ways to sell your Bitcoins online, such as exchanges, direct trade or carry out a peer-to-peer transaction.
Similar to buying bitcoin, there are several options when it comes to selling bitcoin. To fix its cash problems, Strategy announced on March 10 plans to raise $2.1 billion by selling perpetual preferred stock with an 8% dividend. This move would help the company get money without taking on more traditional debt.
