Where and how to sell bitcoins and cash in?
Hello steemit community, how are you all? I hope you are well.
Although Bitcoin's price has fluctuated over the past few years, it has considerable value as a digital currency. Suppose you have some bitcoins, how to sell them? Basically this tune is about Bitcoin trading. Today let's learn how to sell bitcoins and what is the best method to sell?
- Cryptocurrency Exchange
There are many ways to sell bitcoins for money, one of which is cryptocurrency exchanges. With this type of exchange, you can sell bitcoins quickly and easily. There are many other currencies that can be exchanged, including Binance, Kraken, KuCoin, Bitfinex, and Coinbase.
Bitcoin exchange is not difficult. First, you need to open an account in a particular exchange and prove your identity. Then the number of bitcoins sold must be transferred to the bitcoin exchange wallet.
Different exchanges offer different withdrawal methods. If everything goes well, you can exchange a certain amount of bitcoins. But one thing you need to keep in mind is that the fees may vary based on the exchange. So check the fees before the transaction.
- P2P trade
P2P or person-to-person trade can also be done online through specific websites or using specific Decentralized exchanges. Here a person will post their bitcoins on specific P2P platforms to buy or sell. Transactions are done here through mutual agreement if one is willing to sell.
If you want to trade in P2P Trade then definitely use a trusted platform. Some of the trusted platforms are Binance, LocalBitcoins, Bybit, Coindirect, and Paxful.