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Home Reviews How Do You Sell Bitcoin? A Quick Guide

How Do You Sell Bitcoin? A Quick Guide

Did you know that there are around 100,000 people who are Bitcoin millionaires? If you haven’t already invested in this cryptocurrency, then you need to get started ASAP!

What if you already have some virtual money and you’ve been just waiting to sell at the right time? How do you sell bitcoin even?

Even if the moment’s not now, you need to know your options so you can sell at a moment’s notice. Read on to find out your options so you can get money when you need it, and at the best prices too!

How Do You Sell Bitcoin?

Most people opt to sell bitcoin online through exchanges. These are easy to sign up for and the platforms basically act as a middleman for you.

When you want to sell your bitcoin, you sell them to the platform and then they’ll turn around and sell it to someone who wants to buy bitcoin. It’s a very easy and simple process!

You just need to link your bank account with the account after registering. Then, you need to transfer your bitcoin from whatever wallet you have it in into the exchange wallet. From there, you can place a sell order.

After you’ve sold your bitcoin, there might be a short holding period. Once it’s over, you’ll receive your money!

Selling this way is easy, but there are a few issues with this.

Firstly, you need to link your bank account, which means it’s not very anonymous. Secondly, there’s a short holding period and you might want your money in a quicker fashion.

In that case, turn to the next method.

Use a Bitcoin ATM

There are now Bitcoin ATMs you can find all over the nation! The one downside you’ll notice right away is you’ll have to go to a physical location instead of selling bitcoin from the comfort of your own home, but it’s definitely worth it.

For one, you’ll be able to sell in a completely anonymous way. You just have to open up your bitcoin wallet app to scan QR codes and the coins can be moved from your wallet straight to the ATM.

Also, the transactions are basically instantaneous and you’ll get cash in hand! That can really help you out in a pinch.

Lastly, these ATMs serve multiple functions. Not only can you buy and sell bitcoin, but you can also purchase gold or gift cards for your loved ones. If you’re interested in hearing more, check out this homepage.

Sell Bitcoin Easily

So how do you sell bitcoin?

Most people choose to use cryptocurrency exchanges since they’re easy and simple to use. However, you can also sell your bitcoin through a Bitcoin ATM for a more anonymous and quicker experience!

Each method has its own pros and cons though. So the next time you need to sell bitcoin, weigh these options up and decide which one’s best for your situation!

You’ve learned how to sell bitcoin, but do you know how to buy it in the first place? If not, then check out our other blog posts!

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