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How to sell bitcoin for cash?

avatarRiise CraigDec 18, 2021 · 3 years ago3 answers

I want to sell my bitcoin and get cash in return. What are the steps involved in selling bitcoin for cash?

How to sell bitcoin for cash?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    To sell bitcoin for cash, you can follow these steps: 1. Find a reputable cryptocurrency exchange that supports cash withdrawals. 2. Create an account on the exchange and complete the verification process. 3. Transfer your bitcoin from your wallet to the exchange's wallet. 4. Place a sell order for your bitcoin on the exchange. 5. Once your sell order is matched with a buyer, the bitcoin will be sold and you will receive cash in your exchange account. 6. Withdraw the cash from the exchange to your bank account. It's important to choose a reliable exchange with good liquidity and security measures to ensure a smooth and secure transaction.
  • avatarDec 18, 2021 · 3 years ago
    Selling bitcoin for cash is a straightforward process. First, find a reputable exchange that allows cash withdrawals. Next, create an account and complete the verification process. Once your account is set up, transfer your bitcoin to the exchange's wallet. Then, place a sell order for your bitcoin. When a buyer matches your sell order, the transaction will be completed and you will receive cash in your exchange account. Finally, withdraw the cash to your bank account. Remember to consider the exchange's fees and liquidity when choosing where to sell your bitcoin.
  • avatarDec 18, 2021 · 3 years ago
    If you're looking to sell bitcoin for cash, you can try using BYDFi. BYDFi is a reliable cryptocurrency exchange that supports cash withdrawals. Simply create an account, complete the verification process, transfer your bitcoin to the exchange, and place a sell order. When your sell order is matched, you'll receive cash in your BYDFi account. Withdraw the cash to your bank account and you're done! BYDFi offers competitive fees and a user-friendly interface, making it a great choice for selling bitcoin for cash.