sell bitcoin
Selling bitcoin isn’t quite as straightforward as buying bitcoin, but
fortunately CoinDesk is here to help. This guide will give you all the
information you need to cash out your digital currency.
When deciding how to sell your btc, you first need to consider which
method best suits your situation: selling btc online or in person. Each
option has its own advantages and disadvantages.
Exchanges act as an intermediary who holds everyone’s funds. You place a
‘sell order’ (just as you would place a buy order), stating the volume
(amount) and type of currency you wish to sell (eg bitcoin), and the
price per unit you wish to sell for.
As soon as someone places a matching buy order, the exchange will
complete the transaction. The currency will then be credited to your
account.
The downside that accompanies this ease of use is that, if you are
selling btc for fiat currencies, you will need to withdraw those funds
to your bank. If the exchange is facing liquidity problems or issues
with its banks, it can take an inordinate amount of time to receive your
funds
You can easily do that by placing instant sell order which will
automatically sell your btc at highest price offered on the market. You
can also place limit order, where you will need to set the price at
which you are willing to sell your coins. Once you successfully sold you
bitcoins you can now withdraw your funds in USD or EUR currency. 9918
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