Ex-Prosecutors Demand US Intervention in Binance Executives Release

Learn how to buy, sell, and trade Bitcoin with these helpful tips. Since 2018, we’ve beaten the market with a smart mix of crypto and common stocks. All you need to do is exchange the ETH for BTC, and then you can go about trading as usual again. To view the coins that are offered as trading pairs, navigate to the top right corner of Binance’s trade view screen. While most of the coins are traded against BTC, trading in BNB, ETH, and LTC pairs is quite common on Binance. Once you select the Basic feature under the Exchange button, you’ll see the following screen.

Binance aims to serve both beginners as well as avid crypto traders.

There are two options available – Trade Bitcoin to fiat via Spot Trading (BTC/EUR, BTC/AUD, etc.) or use the Convert function to swap between currencies immediately. This allows the users to buy/sell the token at a specific price or better. In simple words, a user can choose a maximum price limit he or she is willing to pay for a coin and the minimum price at which the user is ready to sell the token. The funds will reflect in your Binance wallet soon after the Ethereum network processes the transaction.

If you live in Europe, BitPanda is likely the easiest way to sell Bitcoin for cash. BitPanda allows users to buy and sell Bitcoin online with a credit card or through their bank account. Coinmama is another excellent online platform to sell bitcoins in Canada for cash.

The price fluctuations suffered by Bitcoin and other cryptocurrencies can result in losses for investors. Putting your crypto on the market may allow you to lock in profits, especially during periods of price volatility. While cryptocurrencies like Bitcoin can experience significant price surges, these gains are not guaranteed to be sustained. By selling a portion of your holdings, you can safeguard your profits and mitigate potential losses in the event of a market downturn. As such, many crypto enthusiasts may be eager to explore avenues for converting their digital assets into cash. If you’re wondering how to sell Bitcoin and when the optimal time is to do so, this guide is tailored to answer your questions.

For example, if you purchased Bitcoin (BTC) with USD, then sell BTC for USD. If you want to cash-out in another currency like Ethereum (ETH), find a cryptocurrency exchange that trades ETH and trade it there for whatever currency looks good on that day. Whatever method you choose, there are some basic concepts about bitcoin trading Crypto Swap Websites and selling that you should know first before making any decisions. Viewing Bitcoin as an investment opportunity means just that — viewing it with the same clarity of purpose and frank assessment of risk and reward as any other investment. This includes examining other options besides just buying, holding, selling, and trading.

However, you may be wondering how to cash-out your bitcoin and turn it into cold hard cash. Another option is to transfer your Bitcoin to a crypto wallet that you hold and control. These come in software or app versions or hardware, such as a dedicated USB drive.

• Some of them, including Bitcoin, have even surpassed previous all-time highs and are selling at unprecedented prices.
• First, you can buy cryptocurrency directly on Binance using your credit card in USD or Euro.
• If you want to learn how to sell via P2P, read the Binance P2P FAQ.

The device will let you convert bitcoins into cash in just seconds. However, they only work if the machine has been set up with cash and it’s within your geographical area. Once the transaction is complete, LocalBitcoins will release funds to the buyer or seller, depending on who initiated the transfer first. With dedicated support and access to a community of like-minded users, you can take your cryptocurrency journey to the next level. Sell orders can also be made at the current market price or at some predetermined price if the exchange supports them. First things first, sign up with the exchange or crypto platform of your choice.

You can choose to transfer the coins from your exchange wallet into a digital platform wallet on an online crypto marketplace. However, be sure that you are using a reputable vendor that does not have issues with security or safety of funds in their possession. This is important because if something happens once you transfer your coins to the wallet, you will have little recourse for recovery. We’ll discuss five ways to “cash-out” your bitcoin and use it in more traditional methods.

Whether choosing to sell through Bitcoin wallets, crypto exchanges, peer-to-peer platforms, Bitcoin ATMs, or gift cards, each method offers its own advantages and considerations. From convenience and accessibility to transaction fees and security measures, you can weigh these factors to determine the most suitable avenue for your selling needs. Fortunately, there are now plenty of options for those looking to sell their bitcoins safely and conveniently. Enter the amount you wish to withdraw and fill in the required details. In the next part of the article, we will show you how to sell bitcoin into fiat currency and withdraw your money.

Selling your Bitcoin requires careful consideration of various factors, from market trends and investment goals to regulatory compliance and transaction methods. You agree on a price over the phone or in-person and meet someone locally who will pay for it with real money. Upon confirming the rates, proceed to transfer your Bitcoin to the provided wallet address.

They are known worldwide because of the variety of cryptocurrencies that you can buy with your credit or debit card, such as BTC, BCH (Bitcoin Cash), DASH, ETH (Ethereum), etc. They also require you to fund an account that will be used to buy your Bitcoin. Now you know how to sell crypto into fiat and withdraw your local currency to your credit/debit card or a bank account with minimal fees and fast processing times. Peer-to-peer (P2P) exchanges like Paxful and OpenPeer can facilitate direct crypto trading between individual buyers and sellers. These platforms often provide flexible and competitive terms, but engaging in transactions on them requires you to exercise great caution and diligence to avoid potential scams. Face-to-face transaction services like LocalBitcoins and Paxful are the easiest way to cash-out your cryptocurrency for physical fiat currency.

If you live in the UK, finder.com is a great place to sell Bitcoin for cash. The website features tens of thousands of classified listings, including ads for people willing to buy or sell digital currency. You can also check out Craigslist and Facebook Marketplace if you want more diverse options. Users who have used CoinBase in the past know that they charge hefty fees when buying and selling Bitcoin, but BitPanda charges a smaller fee.

Once registered, access the application dashboard and select “Buy Gift Cards,” specifying the type of gift card you wish to buy. Enter the desired quantity and opt for Bitcoin as your payment method. Next, you use your Bitcoin wallet app to scan the QR code provided by the ATM. After scanning, you wait for the transaction to process, and once completed, you scan the receipt generated by the ATM to receive cash.