Who benefits from the money when you sell bitcoin?

3 answers

• Nikolay Nikolaev TsachevJun 28, 2024 · a year ago
  When you sell bitcoin, the primary party that benefits from the money is the seller. The seller receives the funds from the buyer in exchange for the bitcoin. The money can then be used for various purposes, such as purchasing goods and services, investing in other assets, or simply holding onto as cash. It is up to the seller to decide how they want to use the money they receive.
  383

  192
• Sangeeth Thanga DharsanApr 05, 2022 · 3 years ago
  In addition to the seller, other parties that may benefit from the money when you sell bitcoin include cryptocurrency exchanges and payment processors. These intermediaries facilitate the transaction between the buyer and seller, and may charge fees for their services. The fees collected by exchanges and payment processors contribute to their revenue and help cover operational costs.
  386

  129
• scaredcatMar 24, 2024 · a year ago
  When you sell bitcoin on BYDFi, the money goes directly to your account on the platform. BYDFi acts as a trusted intermediary, ensuring a secure and efficient transaction. Once the money is in your BYDFi account, you can choose to withdraw it to your bank account or use it for trading other cryptocurrencies. BYDFi provides a user-friendly interface and a wide range of trading options to enhance your trading experience.
  422

  106