April 7th, 2021
How to Sell Bitcoin?
In the simplest forms, the answer to this question lies in just one sentence and that is – go to a Bitcoin exchange. However, to give you more clarity on how to carry out the entire process we will discuss all the steps involved in it when you go to a cryptocurrency exchange to sell Bitcoin. Without further ado, let us take a look at the step by step process:
One of the easiest ways to begin selling (rather trading would be the term to use) bitcoins is to create an account on any Bitcoin exchange, like Bitcoin of America. There are countless Bitcoin exchange platforms online, which you can eventually browse through and search, depending upon where you are located.
However, it is highly recommended that you conduct thorough research before choosing any of these platforms to sell your bitcoins. Signing up is fairly easy, and there are no complicated steps involved.
Setting up an account is fairly easy. You are required to fill in some basic details online like your name, contact number, email address, and bank details.
The second step in the process is to create a trade for selling your Bitcoin. Now, how do you create that? Well, here’s a step by step process on how to do it in a platform like Bitcoin of America:
That’s all it requires to create a bitcoin trade, which initiates the process of selling your bitcoin. What happens next is discussed further.
Of course, you need to provide the receiving address i.e. bank account or PayPal account details to complete the transaction. It is also worth mentioning here that in case you are looking to sell your coins to a prepaid debit card, then you need to provide the email address to complete the transaction.
As the last step in the process, all that is required from you is the click of a yes button. And, that’s about it – you will receive a QR code with an address of a wallet to send your bitcoin.
Once you have transferred the bitcoin from your end, you can expect to receive the payment for this transaction in the account details that you added within a matter of few minutes. It’s that simple, quick, and easy!
Now, this is one of the most common and efficient methods of selling bitcoins. However, besides this, there is another way i.e. direct selling. This means that you are directly interacting with the party that is interested in buying the bitcoins, instead of using a mediating platform like a cryptocurrency exchange.
Now it is obvious that direct selling will have its own pros and CONS since trust and identity become a big factor when you are dealing directly in such transactions. Whereas when you are selling a bitcoin using a cryptocurrency exchange like Bitcoin of America, you don’t really have to worry about the safety and security of your information, and your money.
Whatever platform you may choose, be it Bitcoin of America or any other exchange, you will notice that all of them have their own policies. You will need to abide by them. For instance, sending payments only in your bank accounts, or exclusively in your PayPal account, or providing gift cards, cash in mails, and so on. You need to thoroughly take a look at these policies before you choose an exchange to sell your bitcoins.
How secure is it?
One of the most common questions associated with bitcoin trades is the security of the transactions. Again, this is something that depends upon the method that you choose for buying and selling your bitcoins.
If you have decided to perform the transaction through a reliable bitcoin exchange platform like Bitcoin of America, you don’t really have to worry about the security aspects. These platforms maintain security checks to ensure the complete safety and privacy of their user data. However, like mentioned earlier, if you are involved in a direct transaction, it becomes completely your responsibility to ensure the safety of the transaction. This is one of the many positive things about choosing to sell bitcoin via an exchange, apart from being a more convenient, quick, and easy process.
Are you looking to sell your bitcoin?
If you are looking to sell your bitcoin, one of the best ways to do it is by going to Bitcoin of America – an online cryptocurrency exchange platform where you can go and create your account to start buying and selling bitcoin.
You know the best thing about Bitcoin of America – the fact that you can use your mobile phone for carrying out these transactions. The options and opportunities are endless – all you require is a smartphone and an internet connection.
So, what are you waiting for?
There you have it – everything you need to know before you start selling bitcoin on a cryptocurrency exchange platform like Bitcoin of America. As you can see, the process is really simple and without any complication. You can simply create your account on this platform and start selling bitcoins without any trouble.
So, are you up for it?
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.