June 7th, 2021
How To Sell Bitcoin For Cash – Here’s Everything You Need To Know
Bitcoin is the buzzword in the market. It has been for quite a while now. Big names like Elon Musk are supporting it, and hence it has gained even more traction in recent times. If you are planning to invest in bitcoin, there are two important things that you need to know. The first is how to buy them, and the second is how to sell bitcoin for cash. After all, that’s the whole point? To make a profit from the crypto and sell it, unless you want to wait for it to completely displace the flat currency.
We have always been talking about buying bitcoin, and the various ways of buying bitcoin. However, in today’s posts, we will be talking about the selling aspect. How and where to sell bitcoin if you need to. So, let us begin.
Where To Sell Bitcoin?
The easiest way to sell bitcoin is to go to a bitcoin exchange. You can simply go online to virtual bitcoin exchange and do the transaction while sitting at home.
Or, there are physical bitcoin exchanges or ATMs as they are also called available out there where you can simply go and sell your cryptocurrency. For instance, you can go to Bitcoin of America, search for the closest bitcoin ATM and visit the place to sell your crypto.
It’s fairly easy. All you need is a personal identification document or ID proof for verification purposes and that’s about it.
How to sell bitcoin?
Here’s how the step by step process of selling bitcoins works:
Create your account
Whether you sell your bitcoin on an ATM or online, you need to have an account on a bitcoin exchange. So, the first step in the process is to create an account. For instance, you can go to Bitcoin of America and create your account by:
Create a trade
As soon as you’ve created the account, you can start trading. Although we recommend that you verify your details before trading. Once you create a trade, you can easily sell your bitcoins with just a few clicks. Here’s how to do it:
Now, there are different ways in which you can receive money. Here are the three most popular ways for cashing in your bitcoins:
To your PayPal Account
An easy, quick and convenient way to get your bitcoin value in your PayPal account. All you have to do is provide your PayPal account details when making the transaction of selling bitcoin through an exchange. Once you complete the payment, the entire value will be transferred to your PayPal account in seconds.
Via Wire Transfer
The second way is to sell bitcoin for cash and receive the money in your bank account via wire transfer. This is generally a preferred method for high-volume transactions. Popular crypto exchange platforms like Bitcoin of America even assure same-day wire transfer for your funds if you sell your bitcoins here.
In the form of Prepaid Debit Cards
Another method that has really become popular since the announcement of many popular platforms accepting cryptocurrency is the Prepaid Debit Cards. When you sell your bitcoin using this method on virtual currency exchange platforms, you receive a prepaid debit card loaded with the same value as the bitcoin that you sold. You can use this money and do whatever you want to. So, that’s another popular to sell bitcoin for cash and use it.
Enter the receiving details
Based on the mode of receiving the money, you will have to provide the PayPal account details, bank account, or email address (in case you want to get money in a prepaid debit card). Once you have provided all the relevant details, the only thing you have to do is to ‘Click’ the sell button and that’s about it.
You will receive a QR code on the screen with a wallet address to send your bitcoins. Within a few minutes of completing the transaction, you can expect to get the money in your account.
Ready to sell your bitcoin?
As you can see, it is pretty easy to sell bitcoin when you know the right place to do it. Bitcoin of America is one of the safest places for cryptocurrency transactions where you can do the transactions with minimum fuss. If you have been running around, looking for a trustworthy place to sell, or even buy bitcoins, then there is no better place to be.
The best part is that the platform will also assist you in finding the nearest cryptocurrency ATM, just in case you want to do a physical transaction. Can you think of anything better?
So, what’s the wait? Just go ahead and visit the website to see how convenient it is to buy and sell cryptocurrency. And, by crypto we are not talking about just Bitcoin, you can also trade Litecoin.
Forecasts, estimates and other information included in this blog should not be considered as investment advice or as a recommendation that you purchase any cryptocurrency or any particular investment product. Past performance is not indicative of future results. The author of this blog and Bitcoin of America in no way guarantee any specific outcome, gain, or profit.