5 Ways to Sell Bitcoin Instantly and Securely 2024 Updated

sell bitcoin

For this example, we’ll use Coinbase, but most crypto exchanges have a similar method. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange. There are many exchanges to choose from — some with a longer track record than others.

  • Some crypto wallets have extensive partnerships to improve their functions and services, and this sometimes extends to an on-ramp.
  • The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.
  • When it comes to exchanges, Bitcoin automates trades between two parties.
  • Now that you know how to cash out Bitcoin using a broker, let me show you how to do it using a peer-to-peer exchange.
  • In this example, I will show you how to cash out Bitcoin using PayPal.
  • Unless you’re a true evangelist waiting for it to displace fiat currencies, then knowing when to take your profits is important and being able to do so, even more so.
  • To do this, go to the ‘Trade’ menu option and select ‘BTC’ with the preferred trading pair.

Confirm and click on ‘Send,’ and the crypto asset will be deposited into the Binance wallet once all verifications have been made on-chain. Once your account is created, link your bank account so that when you have made your trade, you can get cash out with as little hassle as possible. Signing up for an account at Coinbase is easy, but there are some hoops you’ll have to jump through.

Argo Blockchain (ARBK)

Hedge With Crypto aims to publish information that is factual, accurate, and up-to-date. The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website. While Binance’s user interface is more tailored toward experienced traders due to its advanced features. However, newbie traders who want to quickly convert Bitcoin to traditional money should find it straightforward to use the Binance Convert feature.

sell bitcoin

Bitcoin traded up 0.71% to $70,388 on Tuesday afternoon, giving it a total market valuation of nearly $1.4 trillion. If bitcoin breaks above that level, it is likely to target its measured move price objective of $80,600, which represents potential upside of 15% from current levels. The buyer should contact you to let you know that the funds have been sent. Check that the funds have arrived in your PayPal, then click on Payment Received, and you’re finished. Once you are all set up, hover over Buy at the top-left of the page, and select Credit/Debit Card. And that’s how to cash out Bitcoin using a broker exchange — skip the next section to follow instructions on how to do this.

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Buy crypto, grow your assets and manage your transactions in one single app. NerdWallet’s comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs.

If you want to learn how to sell via P2P, read the Binance P2P FAQ. There’s also a difference between selling and withdrawing your money. Selling turns cryptocurrency into fiat currency, but you’ll need to withdraw it to actually put it in a bank account or turn it into cash. We’ll go through both, so you’re not stranded halfway through the process of getting your money. Secondly, Binance is one of the cheapest exchanges, with a default 0.10% fee for transactions on the exchange.

#3. Bitcoin ATMs

For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. When I say “safely”, naturally, I’m talking https://www.tokenexus.com/ about utilizing a highly-rated crypto exchange, i.e. Binance is the most popular exchange platform for buying and selling Bitcoin.

Bitcoin sellers can receive funds through preferred payment methods. The exchange supports withdrawals via debit cards, wire transfers, PayPal, Instant Cashout, and ACH transfers. For customers who choose the ACH option, their withdrawals will be processed within sell bitcoin 3-5 business days. While wire transfers take about 1-3 business days to complete. 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.

They will need to complete a verification process to confirm their identity before selling Bitcoin to cash. Some methods can be tediously complex, but they allow anonymous transactions that ensure privacy and safety, so they’re worth the extra effort. If you decide to make trades in person, make sure to do so in a public setting. What’s the first word that comes to your mind when you hear Bitcoin? HODL is commonly used by cryptocurrency investors who refuse to sell their crypto, usually bitcoin, regardless of whether the price increases or decreases.

  • Our estimates are based on past market performance, and past performance is not a guarantee of future performance.
  • When one company controls all aspects of an asset, it creates a single point of failure.
  • This means you can usually trade Bitcoin with practically any other cryptocurrency that’s listed on the platform.
  • For instance, some have had to freeze withdrawals from their rewards programs amid liquidity issues.
  • The first step to take is to decide on the type of Bitcoin selling option that suits your preference.
  • After all, many influential voices in the world of investing have eaten their words about Bitcoin in the past few years.