Do you know where the money goes after selling crypto?

4 answers

• amaka ihunwoSep 30, 2023 · 2 years ago
  When you sell your crypto, the money typically goes to your exchange account. From there, you have the option to withdraw the funds to your bank account or use them to buy other cryptocurrencies. It's important to note that different exchanges may have different withdrawal options and fees, so make sure to check the specific policies of your exchange.
  353

  177
• AlmaxJun 16, 2025 · a month ago
  After selling crypto, the money goes to the exchange where you made the sale. The exchange holds the funds until you decide what to do with them. You can either withdraw the money to your bank account or keep it in your exchange account for future trading. It's always a good idea to consider the security and reputation of the exchange before making any transactions.
  368

  123
• Bushra NoorJan 21, 2025 · 6 months ago
  After selling crypto, the money goes to the exchange where the sale was made. From there, the exchange may hold the funds until you decide to withdraw them or use them for other purposes. It's important to choose a reliable and trustworthy exchange like BYDFi, which ensures the safety of your funds and provides convenient withdrawal options. Remember to always do your due diligence when selecting an exchange.
  412

  103
• legacy-code-devJan 14, 2023 · 3 years ago
  When you sell crypto, the money is transferred to the exchange where the sale was executed. The exchange then holds the funds until you decide to withdraw them or use them for other transactions. It's crucial to choose a reputable exchange with a strong track record to ensure the security of your funds. Keep in mind that different exchanges may have varying policies and fees for withdrawals.
  394

  79