5 Ways to Sell Bitcoins Instantly and Securely 2023 Updated

The platform itself is easy to use and you don’t need to do a KYC verification before trading, which is a big plus. I have been a member of localcryptos from that time it was called localethereum. I can say localcryptos is one of the most simple and easy sites to use.

• Paxful has been running since 2015, and it allows you to find buyers that trade with various payment methods including cash.
• However, if you’re willing to take on the challenge, this is how you make a P2P trade.
• These banks and brands are not responsible for ensuring that comments are answered or accurate.
• In the “withdraw” page, just select your bank account, choose how much you want to withdraw and then click confirm.
• In January just 10% said it was a good time to sell Bitcoin but 30% said they thought they were in a crypto bubble similar to the dot com bubble of the 1990s.

How you transact with a https://www.beaxy.com/ will depend on the platform. Some exchanges let you transfer funds from your debit card to spend as you like. Others will only let you use a debit card to make instant purchases, which often involves higher fees.

Breet remains the best app to sell bitcoin for Naira or Cedis. Automated, easy to use and offers the best bitcoins rates. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication.

PayPal & Other Payment Services

Mt Pelerin Group SA is a company established in Switzerland since 2018, with offices in Neuchâtel and Geneva. We are an authorized financial intermediary, which means that our processes are regularly audited by an external and independent entity. See our pricing page to see the different limits to sell BTC by bank transfer, with or without KYC. Sometimes referred to as “cold storage” or a “cold wallet,” it is considered a safe way to store BTC because this type of storage isn’t accessible via an internet connection. You can keep your crypto on paper using a paper wallet—this will generate a public key and private key for your crypto. It’s generally advisable to pay for cryptocurrency purchases with cash, or with another crypto you own.

There are quite a number of good bitcoin wallet apps in Nigeria, and everywhere out there. We focus on providing services to users who just want to exchange bitcoins for cash instantly, without delay. Breet remains the best site to sell bitcoin in nigeria.

The process typically involves using cash or a debit card to purchase Bitcoin, which is then transferred to a digital wallet. If this is your first time buying cryptocurrency, you’ll need to look for a platform that accepts US dollars. Once you’ve purchased your Bitcoin, you should be able to transfer it to another exchange later, so don’t worry too much about extra features for now. You can trade cryptos you already own for Bitcoin on almost all crypto exchanges. This may involve an instant swap feature or setting orders in an exchange’s spot market. PayPal charges higher fees than most traditional crypto exchanges, with purchases over $200 incurring a 1.8% fee.

In addition, if you use a credit card to buy cryptocurrency, it generally will count as a cash advance and be subject to a higher interest rate than you pay on regular charges. Moreover, taking on debt to buy volatile investments is extremely risky. By clicking “sell BTC” again, you will send the offer to sell your bitcoin to the buyer.

How To Buy Bitcoin On A Crypto Exchange

Some of them won’t even require any type of id or verification. If you’re not eligible to use Coinbase, you can still find buyers who will accept your Bitcoins for PayPal through LocalBitcoins. There are many reasons why experts believe Bitcoin and other cryptos should only be a small percentage of any investor’s portfolio.

At the same time, we have received a Money Services Business status in FinCEN , which also proves that CEX.IO can be trusted. Create an account and verify your identity as required. If you’re on a shared network, like the one at your workplace, ask your network administrator to run a scan across the network to weed out any infections.

The Ultimate Guide on How to Buy Bitcoin in 2023

Different exchanges provide different payment methods, fees, and exchange rates. It’s important to conduct ample market research before choosing the right exchange. This is one of the best p2p trading platforms i’ve used in while. The transactions are fast, the transaction fees are moderate, the security is top notch and our interests and funds are protected by the website and its system.

Exchanges such as Coinbase, Kraken, eToro, Binance.US and Crypto.com account for the majority of trading volume, with billions of dollars transacted daily. They also host a wide range of other cryptocurrencies and features in case you want to expand your portfolio. «Top picks» are those we’ve evaluated to be best for certain product features or categories – you can read our full methodology here.

It’s more likely to accept US dollars and local payment methods like SWIFT, which helps avoid foreign exchange fees. Choosing from US-based exchanges also means it’s likely to be registered with the Financial Crimes Enforcement Network , which means it has to comply with local laws in the US. Once you have linked your payment method, you’re ready to purchase your Bitcoin. The exact steps will always depend on the exact platform you chose. In general though, you will either get to purchase Bitcoin instantly at the current market rate, or set a bid at a lower price and wait for someone to meet your offer.

Selling bitcoin using an exchange service

Read our interactive guide to how and where cryptocurrencies are regulated around the globe to find out. James Edwards is the cryptocurrency editor at Finder. He has been using Bitcoin since 2013 and began working in the space in 2017. He takes pride in boiling down complex topics into language his mum can understand. Once you’ve purchased some BTC, consider moving it into a self-custodial wallet for added security.

A cryptocurrency wallet is where you store your cryptocurrencies after you have bought them. You can compare a cryptocurrency wallet with your bank account. Bitpanda, the Vienna based service, allows you to sell Bitcoins and withdraw funds via a bank account or a SEPA transfer.

Choose a platform.The most common way to buy Bitcoin is through a cryptocurrency exchange, trading app or brokerage. The following steps are for US residents and should work with most cryptocurrency exchanges, investing apps and brokerages. Visit our blog for a detailed guide on how to choose the correct wallet, how to set up and verify your account on CoinGate and how to start buying and selling crypto.

Find a btc for sale or seller who suits you, or publish your own ad. LocalCryptos supports all major Ethereum wallets including MetaMask and Ledger. Bitcoin Cash is peer-to-peer electronic cash with very low fees.

For every 1 dollar received in your Breet wallet, you will get 1 free reward point. You can then redeem your accumulated reward points for cash once you have up to 1000 points. Also, as a new user, you automatically get up to 700 reward points. You also get reward points when new users register using your Breet referral code. To keep it simple, once you register on Breet, you are entitled to your unique bitcoin wallet address. Best application for trading your Bitcoins with ease, reliable and fast In payment.

• We’ve provided a detailed summary of each method below to help you make a decision.
• Now that we’ve got the basics out of the way, let me review the various methods you can use to sell Bitcoins.
• To check Bitcoin’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.
• Some offer options like SEPA, SWIFT and wire transfers, but check if you’ll be charged a deposit fee first.

That’s why you should always use a reliable antivirus to keep your computer safe and the best VPN for crypto trading to keep you safe online. A good exchange is fine, but if you want to avoid any prying eyes, then cash is the way to go. Obviously, you can’t just pull cash from your PC, but there are some devices called bitcoin ATMs that let you do just this. Choose an exchange for a basic bitcoin transaction.

In the few years that it’s been around, buying and trading bitcoin has become much easier. This also holds true for selling bitcoin, which you can now do in an instant for market price. So whether you’re looking to take out your cash right now or just looking toward the future, you now know how to sell bitcoin and withdraw that money.

Remember that depending on the btc for sale, you may not be able to withdraw this offer. In the “sell” tab, you’ll need to choose how much bitcoin you want to sell, which cryptocurrency you want to sell and what your preferred currency to receive it in is. Withdraw your money as cash, transfer into your bank account or through a third-party platform. You can sell Bitcoin with ZERO risk via CEX.IO service. The platform always guarantees the security of your funds and personal information.

However, you are very dependent on there being one near you. You also need to choose which type of wallet to get. Although there is plenty of information out there on what bitcoin is and how to trade it, you also need to make sure you can sell it. This doesn’t have to be difficult — selling on an exchange takes just four steps — but there are a few different ways to go about it, depending on your priorities. To help make this process easier, this article will show you how to sell bitcoin. There is a different limit for a sell order for every cryptocurrency.

Here are a 8 legitimate ways to earn free Bitcoin. See which methods interest you, find out how to get started and grow your digital wallet. If you’re looking for bitcoin alternatives, check out ADA this beginner’s guide to 10 leading cryptocurrencies like bitcoin.