What are the steps to sell bitcoin and receive cash in return?

3 answers

• RUBEN GARCIADec 29, 2021 · 4 years ago
  To sell bitcoin and receive cash, you can follow these steps: 1. Choose a reputable cryptocurrency exchange that supports fiat withdrawals. 2. Create an account on the exchange and complete the necessary verification process. 3. Transfer your bitcoin from your wallet to your exchange account. 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 your exchange account to your bank account. 7. Depending on the exchange and your bank, it may take a few days for the cash to be deposited into your bank account. Note: The process may vary slightly depending on the exchange you choose, so it's always a good idea to check the specific instructions provided by the exchange you're using.
  841

  421
• bullcheckFeb 21, 2024 · a year ago
  Selling bitcoin for cash is a fairly straightforward process. Here's what you need to do: 1. Find a reputable cryptocurrency exchange that allows you to sell bitcoin for cash. 2. Sign up for an account on the exchange and complete any necessary verification steps. 3. Transfer your bitcoin from your wallet to your exchange account. 4. Place a sell order for your bitcoin on the exchange. 5. Once your sell order is executed, you will receive cash in your exchange account. 6. Withdraw the cash from your exchange account to your bank account. 7. Keep in mind that there may be fees associated with selling bitcoin and withdrawing cash, so be sure to check the exchange's fee schedule before proceeding.
  703

  235
• Maya balMay 18, 2021 · 4 years ago
  Selling bitcoin and receiving cash in return can be done in a few simple steps: 1. Choose a reputable cryptocurrency exchange that supports fiat currency withdrawals. 2. Create an account on the exchange and complete the necessary verification process. 3. Transfer your bitcoin from your wallet to your exchange account. 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 your exchange account to your bank account. 7. It's important to note that the process may take some time, as it involves multiple steps and verification procedures. Additionally, fees may apply for selling bitcoin and withdrawing cash, so make sure to check the exchange's fee structure before proceeding.
  835

  209