Buy & Sell Crypto on Binance. Binance is a safe and secure platform to buy and sell cryptocurrencies quickly using our streamlined buy/sell process. You're just three steps away from your first Bitcoin. Register for an account. Verify your identity. To sell cryptocurrency: Select the Trade button; Select Sell; Select the crypto you want to sell and have it sell to your fiat wallet Then select your fiat wallet and select Withdraw; When initiating a withdrawal of a sell from your fiat wallet to your bank account, a short holding period will be placed before you can withdraw the fiat from the. In order to sell your Bitcoins: move the Bitcoins you want to sell into your Coinbase account. Go to “Buy/sell bitcoins” and choose “sell Bitcoins Decide how many coins you want to convert to USD.
How to sell bitcoin for cash binance7 Ways to Withdraw Bitcoin to Bank Account - Cryptalker
There is no need to have any trading experience to convert money on third-party exchange platforms. In fact, even a child will easily cope with the task set since it is enough to fill out some information in the blank spaces and deposit Bitcoin to the exchange in order to request the withdrawal of fiat money then. The most widely accepted way to do that is to prefer an exchange that accepts bank wire transfers, and experts advise asking for fiat money to be sent to the same bank account where they were transferred from too.
Usually, it takes from 1 to 5 days to get money to your account. However, there is also an opportunity to use the Peer-to-Peer approach or turn to a broker too. Now it is time to analyze the offer of the best platforms to convert BTC and choose the most suitable one. This London exchange established in offers to withdraw cryptocurrency only for registered and verified users.
Residents of different countries can transfer Bitcoin to their bank accounts using this service. When it comes to citizens of other countries, it is possible to ask for a debit card withdrawal or do that in ATM too. At the same time, there are several benefits of the platform too including round the clock customer support, several payment methods supported, and fast money transfers.
Being a leading Bitcoin trading platform Coinbase allows its users to withdraw Bitcoin to bank accounts too. It is possible to speed up the transaction if you own MasterCard or Visa. The cost of withdrawal also depends on the country and can vary from several dollars to several cents.
This peer-to-peer platform was founded in and its headquarters are located in Helsinki, Finland. It is a decentralized platform aimed at matching people who want to sell or buy cryptocurrency. Users of the platform can negotiate to trade on the platform by answering ads created and meet in person or transfer money to the bank account or wallet.
There are over 40 payment methods on the service and bank wire transfer is among them too. The funds will reflect in your Binance wallet soon after the Ethereum network processes the transaction. To fulfill this goal, Binance exchange aptly separates the trading features into two different categories. Binance is known for the number of trading pairs it lists. If you wish to trade in Ethereum pair, click on ETH in the taskbar and select the coin that you would like to trade Ethereum for from the box below.
For example, you could choose Cardano ADA. 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. Subscribe to the Bitcoin Market Journal newsletter for additional helpful tutorials on investment in the digital currency space. Bitcoin Market Journal is ad-free, so you can trust what you read here. Sign up for our newsletter and see for yourself. Step 1: Creating an account on Binance To get started with Binance, the first step is to get registered with Binance.
Click on Verify Email in the mail to complete your registration. There are two ways to fund your Binance account. Now you have set up your Binance account and funded it. Step 4: Trading on Binance Binance aims to serve both beginners as well as avid crypto traders. I recommend using your own country of course , however, this is up to you. In this example, I have selected the UK. You also need to enter the amount of Bitcoin you wish to sell.
In this example, I will show you how to cash out Bitcoin using PayPal. This is a sign of a serious, legitimate buyer. Confirm the amount of Bitcoin you want to sell and enter your PayPal email address. Then click on Send Trade Request. Your buyer will then receive a notification to say that you would like to sell your Bitcoins to them.
Once they accept, you will then send your Bitcoins to the LocalBitcoins escrow I explained an escrow earlier, remember? So, the buyer will not receive your Bitcoins until they have paid you, and you confirm they have done so. 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 become more experienced with Local Bitcoins , you can practice selling using different payment methods.
It is also a good idea to set up an advertisement. In this case, you will receive a notification from buyers when they want to buy from you. LocalBitcoins is just one of the P2P exchanges that allow you to cash out your Bitcoin — there are many others. The important thing to remember is that the exchange has an escrow, and NEVER send your Bitcoin to a buyer before they have paid!
If you have read this guide from start to finish, you should now know how to cash out Bitcoin! We have shown you two different methods — the broker exchange way Coinbase , and also the peer-to-peer way. They both have their advantages and disadvantages. Coinbase can be more convenient and safe for beginners , whilst LocalBitcoins allows you to remain anonymous and sell at a higher price. So, which did you prefer? Are you going to use a broker for cashing out Bitcoin, or a P2P exchange?
We do not publish biased feedback or spam. So if you want to share your experience, opinion or give advice - the scene is yours! Reading up on how to cash out Bitcoin, you'll quickly notice that there are quite a few different ways of going about it.
The general opinion, however, is that utilizing a cryptocurrency broker or an exchange is still the best way to go about it. In general - yes. While cashing out Bitcoin might not always be a good idea at some specific point in time for example, when Bitcoin's prices are low , if you're doing it safely , then you might actually make a pretty decent profit!
When I say " safely ", naturally, I'm talking about utilizing a highly-rated crypto exchange , i. Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. That said, many users believe that Coinbase is one of the simpler exchanges on the current market.
The exchange platform i. Binance acts as a middleman - it connects you your offer or request with that other person the seller or the buyer. When considering cryptocurrency exchange rankings, though, both of these types of businesses exchanges and brokerages are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity. No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States i.
Coinbase or Kraken , there are other very well-known industry leaders that are located all over the world. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.
Find out right here! By Laura M. All the content on BitDegree. The real context behind every covered topic must always be revealed to the reader. Feel free to contact us if you believe that content is outdated, incomplete, or questionable. Aaron S. By the end of this guide, you will be able to decide which method is best for you.
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