Selling Bitcoin is the same as cashing out Bitcoin, and it requires you to know the best platforms to get started. Bitcoin, just like any other cryptocurrency, is best traded on crypto exchanges, both online and physical.

Would you like to know how to sell Bitcoin for cash? Of course, every crypto enthusiast would be interested in understanding this. Now that you are here, it means that you are interested, and we will take you through the process.

Get Ready for It

Are You Eager to Sell Bitcoin for Cash? Step one in selling bitcoins for cash would be conducting research to learn its basics; otherwise if these already apply to you then simply start selling! Converting coins to fiat money requires understanding current exchange rates, commission rates, fees etc. as the process may involve conversion.

Furthermore, it is good to keep your BTC wallet and bank account ready because you will need them to trade. When all is ready, then you can move to the next step of determining which platform to use.

How to Sell Bitcoin for Cash: Decide on the Platform to Use

You should now choose a trustworthy Bitcoin trading or exchange site or platform that enables cash withdrawals. The good thing is that these platforms will teach you how to sell Bitcoin for cash even if you are a beginner. Here are the two main options.

Physical Bitcoin exchanges – Have you come across physical BTC exchanges such as an ATM or a crypto office? There is no doubt that these facilitate easy trading and will explain to you how to sell Bitcoin for cash instantly.

Online Bitcoin exchanges – Are You Wondering How to Sell Bitcoins for Cash? Start Your Search Here… If so, starting off by checking online cryptocurrency exchanges that provide cash-out capabilities is your first step towards selling them for money and withdrawing them directly into your bank account. Most, if not all will let you exchange BTC for cash without hassle before withdrawing directly into it from their vaults or wallet.

Time to Verify Your Identity

The other important step is to verify your identity in accordance with the exchange’s policies. It is typically a similar process across all exchanges and involves giving your identification details.

Many reputable exchanges require identity verification in order to comply with KYC (know your customer) and AML (anti money laundering) regulations, typically by providing identification documents such as passport or driver’s license for this process.

Time to Sell

This is the right time to know how to sell Bitcoin for cash. Selling involves placing an order or following the set processes when doing it by yourself.

So, you need to transfer Bitcoin from your wallet to the platform’s account. Then go to the trading area and make a sell order. Most online platforms are instant, particularly the CEX options, but you need to wait to get matched with a buyer if using DEX or P2P Bitcoin exchanges.

For the sake of those who do not know how to sell Bitcoin for cash on physical exchanges, it involves giving a concierge or an agent your public wallet details to complete the transaction. However, BTC ATMs are automated, so all you need is to follow the process on the screen.

Concluding Thoughts on How to Sell Bitcoin for Cash

Once you have successfully traded Bitcoin, you need to withdraw your cash into a bank account or secure mobile money app. It is not recommended to leave it in the exchange account. This simple move concludes the process of cashing out Bitcoin. Now that you know how to sell Bitcoin for cash, you will not have any challenges doing it.