Visit our official Buy Bitcoin page. Select the currency you want to buy. Choose whether you want to buy in USD or any other local currency, and enter the amount. Carefully review then add your wallet address and click Continue. You can also use a wide range of accepted stablecoins such as Binance USD (BUSD), Coinbase USD Coin (USDC), PAXOS (PAX), Tether (USDT), and True USD to buy crypto. Once you complete the purchase, we will deposit your new crypto directly to your Binance wallet - a safe and simple way to manage your crypto assets. 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.
Selling bitcoin to usd wallet10 Best Ways to Sell Bitcoin (Cash Out) - Cryptalker
You can sell Bitcoin online by trading it for other currencies on an exchange or selling it directly for fiat on an exchange like GDAX, Bitfinex, or Coinbase. You can also use Coinbase to liquidate your Bitcoin. For cryptocurrency newcomers, one of the most common things they want to understand is how to cash out Bitcoin or withdraw from Bitcoins to fiat currency USD, EUR, Etc. Regardless of the reasons, a time may come where you want to turn your Bitcoin into government-issued currency. When it comes to selling your Bitcoin, you essentially have two options.
And although they both have their advantages and disadvantages both suffer from the same challenges such as lack of mass user awareness and unclear remediation processes. By far the most popular way of turning Bitcoin into fiat currency is through centralized exchanges such as Coinbase and Gemini. With sleek user interfaces and KYC Know Your Customer processes required as part of account creation, these exchanges will let you link your funding bank account for withdrawal making the process easy and painless.
So, you have your Coinbase wallet with your Bitcoin sitting in it and you are ready to send your funds back to your local bank account. Follow these steps:. After you are in the sell section of the wallet, you can select the wallet you wish to sell from and the bank account you wish to deposit to. Coinbase will notify you and tell you to enter a new amount. The ACH system used by Coinbase usually takes a few business days to complete after a sell or withdrawal is initiated.
With some of the sleekest trading features, Gemini will allow you like Coinbase to get Cash for your Bitcoin in a quick easy manner. Head over to the Sell section of Gemini to choose how you want to sell your Bitcoin and the price you are willing to sell your Bitcoin in fiat for. Unlike Coinbase, you first need to trade your Bitcoin for fiat currency, before being able to withdraw it to your bank account.
Get the USD value for your Bitcoin and prepare to withdraw it to your connected bank account. Choose a withdrawal destination that you are familiar with and the amount of USD you want to formally transfer funds into. That is all it takes. Once you have the bitcoin on an exchange, such as Coinbase and Gemini, you can painlessly sell it. LocalBitcoins is a person to person trading site where people can post their own bids for the buying and selling of Bitcoins to USD or other local fiat currencies.
Not only is there no identity verification, but there are sometimes great arbitrative opportunities depending on how desperate a person is to buy bitcoin and how many other sellers there are in the area.
This can create the ability to sell your Bitcoin above market value. After determining the amount of BTC you want to sell, find a deal that suits your payment method currency wise or post your own listing.
LocalBitcoins gives each user a feedback score similar to eBay where users can get comfortable with the history and number of deals the buyer has completed through local bitcoin. This is the most popular option for anyone looking to sell bitcoin. Exchanges act as an intermediary — which means both you and the buyer will need to entrust your funds to your preferred platform, and that exchange will impose trading fees to take a cut of each transaction.
Using an exchange means you have the option to either turn your bitcoin into USD and withdraw the funds to your bank account or exchange your BTC for just about any other cryptocurrency in existence. Peer-to-peer trades, which are sometimes also referred to as direct trades, offer the option of selling your bitcoin to another person.
Online peer-to-peer marketplaces give you more freedom and control over the specifics of the transaction — you can set your price, nominate how you want to receive payment, and then wait for the right buyer to come along. For example, while some platforms only accept online bank transfers, sites like LocalBitcoins accept everything from cash and credit cards to PayPal and Western Union transfers. The registration process varies from platform to platform, but some peer-to-peer marketplaces allow you to trade with a certain level of anonymity.
Bitcoin ATMs allow you to deposit cash and convert it to bitcoin. However, some of these ATMs also allow you to transact in the opposite direction — in other words, convert your BTC balance into fiat currency so you can withdraw cash. The main advantage of this approach is that it offers fast access to cash, providing an instant way to turn your digital coins into real-world money.
Want to sell some BTC to a friend or family member? If they already have a bitcoin wallet set up, the process is easy.
All you have to do is scan their wallet QR code or copy its address, transfer them the BTC, and either accept payment from them in cash or as a bank transfer. However, you may also be considering selling your bitcoin to a random person, perhaps someone who contacted you through a peer-to-peer marketplace or who you arranged to meet via an online forum. The final step is to withdraw the proceeds of your sale into either your bank account or your cryptocurrency wallet.
Options include:. Storing your cryptocurrency on an exchange for the long-term is not recommended. Exchanges control the private keys to these wallets and are also popular targets for hackers, so the safest option is to transfer your crypto into a secure wallet that lets you retain ownership of your private keys. Once again, check whether there are any limits on the amount of crypto you can withdraw per-transaction or in any hour period.
Analyze the market carefully to decide whether you want to sell or hold. Our guide to cryptocurrency technical analysis is a useful tool to help you better understand and read the crypto market.
Yes, some multi-currency wallets such as Coinomi and Jaxx come with an in-built exchange service that allows you to quickly swap bitcoin for another crypto within your wallet. Look at the current sell offers listed on your chosen platform to get an idea of the average price. Andrew Munro is the cryptocurrency editor at Finder. Andrew has a Bachelor of Arts from the University of New South Wales, and has written guides about everything from industrial pigments to cosmetic surgery.
Thanks for your comment and I hope you are doing well. You may be able to sell Bitcoins at some gold exchanges. How to sell bitcoins in these exchanges are not yet available on our pages as of the moment so please inquire carefully before proceeding. This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Cryptocurrencies are speculative, complex and involve significant risks — they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. I prefer selling bitcoins and other cryptos on a website called CryptoExMart.
Never seen an exchange company that pays faster. Optional, only if you want us to follow up with you. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
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Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Andrew Munro. Fact checked. What is the blockchain? Bitcoin mining. IO Coinbase A-Z list of exchanges. Quick guide: How to sell bitcoin in the US.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. What's in this guide? Where to sell bitcoin in the US Step-by-step guides on selling bitcoin How to choose the best way to sell bitcoin How to sell bitcoin: what are my options?
Withdrawing your funds after the sale When is the right time to sell bitcoin? Wire transfer,Online banking. Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here. Go to site View details.
Revolut Cryptocurrency App. Buy and sell several popular cryptocurrencies through your Revolut account, set up recurring purchases and transfer it to other US users. Service not available in Tennessee. Coinmama Cryptocurrency Marketplace. Founded in , CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery. ZenGo Cryptocurrency App. Take advantage of ZenGo's unique self-custody system to buy, sell and spend and earn cryptocurrency in your own wallet.
View details. Coinbase Digital Currency Exchange. Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges. KuCoin Cryptocurrency Exchange. Credit card,Cryptocurrency,Debit card. Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency. Kraken Cryptocurrency Exchange. Buy, sell and trade a range of digital currencies on this high-liquidity exchange — suitable for beginners right through to advanced traders.
UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers. IO Cryptocurrency Exchange. Disclaimer: Highly volatile investment product. Paxful P2P Cryptocurrency Marketplace. Bank transfer,Cash,Credit card,Cryptocurrency,Debit card. Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than other payment methods.
CoinSwitch Cryptocurrency Exchange. Credit card,Cryptocurrency. CoinSwitch allows you to compare and convert over cryptocurrencies across all exchanges. US Cryptocurrency Exchange. Trade with USD on Binance. Non-US residents can read our review of Binance's main exchange here.