Buying and selling bitcoin is nowadays easy at different exchanges. If you plenty of bitcoins and you are still searching for the platform to buy and sell bitcoin easily and securely then you are at the right place. There are many ways through which bitcoins are being sold. Some of them are peer-to-peer exchange, bitcoin ATMs, selling bitcoin for Paypal, sell bitcoin to someone personally, sell bitcoin on broker sites, and sell bitcoin on online exchanges. The most reliable method considered for selling bitcoin by the BTC traders is online exchange. The exchanges provide the best rates without involving a third party and charges a nominal exchange fee. P2p marketplaces gather the buyers and sellers together where they make a deal with each other and buy and sell bitcoin for cash. Bitcoin ATMs are placed in those countries where bitcoin trading is legal. At BTC ATMs you can easily withdraw your bitcoin into cash. At broker sites they have buyers and sellers, the broker site acts as a third party between buyer and seller for commission. The nationals of the United States buy and sell bitcoin directly to PayPal. Paypal has launched this facility for US nationals until now but the bitcoin traders from other countries can sell bitcoin and receive transactions at Paypal.
How to buy bitcoin?
Buying bitcoin is easy but involves a risk factor due to some fraudulent activities. Before you buy a bitcoin you must buy a bitcoin wallet first to make bitcoin safe from being lost or hacked. You can buy bitcoin through the same ways you sell bitcoin i.e peer to peer marketplace, bitcoin ATMs, and online exchanges. The famous bitcoin exchanges are coinbase, eToro, Robinhood, Tradestation, Webull, and Bitcoincashout.com. These exchanges also provide online services to buy and sell bitcoin online. Valid payment method to buy bitcoin through any of the platforms is via debit card, credit card, bank accounts, and if you are buying from someone personally then you can also pay with cash.
Cashout blockchain balance for fiat cash
You can cashout bitcoin from a blockchain wallet by exchanging it for cash at the bitcoin exchange. First, you withdraw bitcoin from the blockchain wallet to the blockchain account and then you exchange it or sell bitcoin for cash. To exchange you can use any of the exchange platforms. Most bitcoin exchanges do not allow you to deposit funds using fiat money – however, some do. This is how it works: you deposit your Bitcoin into the exchange, then, once the exchange has received your Bitcoin, you can request a fiat currency withdrawal. The most common way to do this via a bank (wire) transfer.
How to sell bitcoin on coinbase?
Coinbase is a platform that provides the facility to buy sell and store cryptocurrency to the crypto traders. To sell bitcoin on coinbase you need to follow some simple steps
- Open the coinbase app and tap the blue circle icon.
- Choose Sell.
- Select the crypto asset you want to sell, in this case, you’ll pick bitcoin.
- Choose how much you want to sell, or tap the “Max” button on the left of the page to sell it all.
- Review the page, again note the Coinbase fee.
- Tap “Sell now.”