Close Menu
EIBIK.COM

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    BDDAI Innovates Financial Ecosystem, Plans Over 100 Offline Clubs in Bangladesh

    10th January 2025

    Yunnan: Beyond the Scenery – A Tourism Destination Rich in Cultural Diversity

    20th December 2024

    Top 5 Managed Office Spaces in Singapore for Enterprises

    10th September 2024
    Facebook X (Twitter) Instagram
    EIBIK.COMEIBIK.COM
    • Home
    • News
      • Finance
      • Current Affairs
    • Travel
    • Biography
      • Writer
      • Athlete
      • Politician
      • Scholar
      • People
    • Sports
      • Game
    • Technology
      • Electric & Electronic
    • List Your Business
    • Contact us
    • Write for us
    EIBIK.COM
    Home » Here is the Mini Guide to Sell Bitcoins

    Here is the Mini Guide to Sell Bitcoins

    John SmithBy John Smith13th April 2022Updated:13th April 2022 Finance 4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    People are still not aware of selling or buying Bitcoins and other cryptocurrencies. Thus, it may seem confusing at first, but it is not. It is easy to sell and buy Bitcoins within just a few steps. However, selling Bitcoins is almost the same as buying them. But, to proceed with either part of the transaction, you need to have Bitcoins-evolution in your digital wallet.  

    Moreover, making a suitable investment is highly crucial, whether Bitcoin or other cryptocurrencies. So, for that, you can download the Bitcoin Era app on your phone and learn everything gradually. This article will highlight the details on how you can sell Bitcoin most efficiently.

    Table of Contents

    • Options to sell your cryptocurrency to get cash
      • Exchange in Cryptocurrency
      • Process of Direct Trading of Bitcoin
      • Peer-to-Peer selling of Bitcoin
      • Transactions through Face-to-Face Methods
      • Bitcoin ATMs
      • Withdrawal of Funds
    • Conclusion

    Options to sell your cryptocurrency to get cash

    These are some crucial options to easily exchange your Bitcoins with Cash. Have a look at them below.

    Exchange in Cryptocurrency

    You can find various cryptocurrency exchanges to trade your Bitcoins. These exchanges behave like an intermediary that holds the funds of buyers and sellers. However, you need to have an account with any platform for using any cryptocurrency exchange. Hence, you only need to add your bank account to withdraw your cash. Then, complete the verification process to move further.

    But, before that, you need to the restrictions regarding crypto exchange in your country. Remember that selling and buying Bitcoin can be harder, depending on the process and type. It is mainly because several platforms don’t allow exchange from specific regions.

    Process of Direct Trading of Bitcoin

    Secondly, you can also trade Bitcoin through a direct process. You can trade easily whether you are online or offline.These are the following options for direct Bitcoin trading.

    Peer-to-Peer selling of Bitcoin

    There are P2P options as well to sell Bitcoin through specialized platforms. The buyers have to post the listing with the price and payment options. Then, the interested parties will come up and then buy the Bitcoins according to the instructions.

    Subsequently, these P2P platforms have significant functions to ensure security for both parties. So, you can do Bitcoin transactions securely and quickly.

    Transactions through Face-to-Face Methods

    Another feasible method is by selling Bitcoins through the face-to-face method. In this method, the parties plan to meet each other and then plan the process of trading Bitcoin. However, you need to have a digital or crypto wallet to complete the process successfully. Also, the price of Bitcoin value is highly vulnerable. So, it is crucial to know the prices while making the sale.

    Apart from that, several countries already have physical locations to exchange Bitcoins with cash. You also need to know that you can sell Bitcoins at various prices depending on the exchange and region. Also, you must remain in any potential danger when exchanging with strangers.

    Bitcoin ATMs

    Don’t confuse the Bitcoin ATMs with traditional ATMs. They are linked with the internet rather than the bank account. In these Bitcoin ATMs, you have to scan the QR code of the wallet and then sell your Bitcoin. Through this exchange, you will get cash. Moreover, the transaction fees are very high at Bitcoin ATMs compared with other methods.

    Many Bitcoin ATMs ask users to possess their bank accounts already. It is because the registration process is thorough. Also, the operators of Bitcoin ATMs should adjust the setting as per the jurisdiction. Furthermore, it depends on the ATMs whether you will get instant cash or not. Otherwise, you have to wait for the confirmation of the transaction. You may need to get around six confirmations to complete the process to withdraw the cash.

    Withdrawal of Funds

    You can also get cash for trading Bitcoins by withdrawing them from any bank account. This happens through ACH or wire transfer after selling the Bitcoin. You can also transfer the money using different services that transfer them into Euro. However there can be a difference of wait time based on your country and the platform that you are using.

    Conclusion

    In conclusion, these are the easy steps to sell Bitcoins and receive cash. Make sure to consult an expert before understanding the process in more depth. Also, it is crucial to know about the laws of your region before starting a Bitcoin investment.

    Keep Reading

    BDDAI Innovates Financial Ecosystem, Plans Over 100 Offline Clubs in Bangladesh

    High Risk Merchant Account At highriskpay.com

    Unlocking Business Growth: The Ultimate Guide to Merchant Cash Advances Blursoft

    Historical Price Trends: A Comprehensive Analysis Bitcoin

    Monetization of Mobile Apps in the Era of the Digital Yuan

    Bitcoin: The Rise of the Original Cryptocurrency

    Top Posts

    BDDAI Innovates Financial Ecosystem, Plans Over 100 Offline Clubs in Bangladesh

    10th January 2025

    Top 20 Best Family Resorts in Cancun all inclusive

    6th June 2023

    Top Best Chest Rigs

    6th June 2023

    Best Trail Camera Under 100

    6th June 2023
    Don't Miss

    All you need to know about bitcoin mining

    Finance 5th June 2023

    The process of Bitcoin tokens hitting the market is indeed a sight to behold. The…

    Best Oster Blender Reviews: Most Recommended in 2022

    6th June 2023

    Oscar Wilde Biography

    6th June 2023

    Hydraulic Cylinder Repair: A Comprehensive Guide to Restoring Efficiency and Performance

    4th August 2023
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Editors Picks

    What is a Checking Account, and how does it Work?

    14th February 2022

    Announcing The Major 5 Types Of Soil

    10th April 2022

    Maulana Abdul Hamid Khan Bhashani Biography

    6th June 2023

    Mp3 Juice Free Download Music

    1st March 2024
    Latest Posts

    How to watch NFL games without cable on multiple devices

    6th June 2023

    The Most Exciting New Movie Releases in October 2024

    2nd July 2024

    Tajikistan, a central asian country

    6th June 2023
    Advertisement
    © 2025
    • About us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.