The focus for most British citizens is on getting value for money. Click on it and enter the number of cryptos you intend to sell. You will need to provide a valid email and password combination. The signup process will also require you to enter and verify your mobile number. You can sell Bitcoin anonymously by using a decentralized exchange, which does not require KYC or registration even the need to verify your information.
You can easily withdraw your funds to a bank account or the platform you use in a few clicks. You can easily sell cryptocurrency for cash on MoonPay. We offer customers multiple payout sell bitcoin options including bank transfer for the UK, EU and US, and Push-to-Card for US VISA card holders. We are actively working to add more regions, currencies, and payout methods.
Sell Bitcoin (BTC)
US class action lawsuit seeks huge damages for his promotion of the world’s largest crypto exchange. And the milestone showed Bitcoin offered a compelling alternative to national currencies and government bonds, which constantly declined in value. Binance can be more convenient https://www.tokenexus.com/ and safe for beginners, whilst LocalBitcoins allows you to remain anonymous and sell at a higher price. In this example, I will show you how to cash out Bitcoin using PayPal. As you can see, the buyer has a 100% feedback rating, and has completed more than 1000 trades!
Once you obtain your preferred fiat currency, navigate back to the Fiat and Spot wallet and click Withdraw. The Binance.com web platform and Binance Desktop user interfaces are almost identical with minimal differences. The step-by-step instructions for fiat withdrawal are exactly the same for both.
How can I sell BTC for cash?
The buyer can accept the trade terms or continue searching for a better deal. Also, some P2P platforms let you set how you’d like to be paid for more convenience. Cryptocurrency exchanges are the most popular way of cashing out your BTC due to their vast range of services. Centralized Exchanges (CEX) provide a simple convert section where users can select to sell cryptocurrency and sell Bitcoin and the coin they want to receive. Alternatively, you can use the spot trading features, which come with tools and multiple trade options to trade Bitcoin and other cryptocurrencies.
- Anycoin Direct is active since 2013, making it one of the oldest crypto brokers in the Netherlands.
- The method requires proper knowledge of the use of crypto wallets.
- But other sites like LocalBitcoin and Paxful offer all sorts of options, like Moneygram, gift cards, cash in the mail, and even cash in person.
- For this example, we’ll use Coinbase, but most crypto exchanges have a similar method.
- The best way to sell Bitcoin is through a cryptocurrency exchange.
- Make sure your cryptoassets are safe with these simple tips.
Within the Vault you can store all your digital assets and swap them against one another. Still want to send crypto to an external wallet like your Ledger? Beginners can always use the Coinbase Wallet app, which connects the wallet in a super simple way, as it automatically works with Coinbase trades. Just open the app and wait for the notification to “Connect Now,” then enter your Coinbase login information. If you don’t see the notification, you can always go to Settings and choose Connect To Coinbase to get started. The Coinbase Wallet also has a few other handy features, including paying merchants directly from the wallet if they are part of the Coinbase Commerce program.
Buy Bitcoin, Ethereum, and all your favourite crypto
When the signup process is complete, you can simply purchase whichever amount of bitcoin you prefer. From there, hold it, convert it, do whatever you’d like! But when the time comes for knowing how to sell bitcoin, we’re here to help. Some methods can be tediously complex, but they allow anonymous transactions that ensure privacy and safety, so they’re worth the extra effort. If you decide to make trades in person, make sure to do so in a public setting. Signing up for an account at Coinbase is easy, but there are some hoops you’ll have to jump through.
Withdrawal fees will depend on the cash-out method used. Credit cards typically experience higher fees compared to bank withdrawals. Check the fee schedule of a provider to see if you’ll get value for your crypto assets. A crypto exchange is a custodial platform with centralized authority that allow users to buy and sell cryptocurrency in the UK. Binance, Coinbase, and Paybis are world-leading exchanges available in the UK.
It shouldn’t take long, but you won’t be able to move your money without it. Of course, if you really want to stop people from tracking you, then trade in person. You give the person some cash, and they give you access to a wallet of coins or send you the bitcoin online. Once done, it’s harder to get information from than even bitcoin ATMs — as long as the other person doesn’t tell anyone. If you’ve set everything up, bought a few coins, waited for the price to rise and now want to sell your bitcoin, the first hurdle is how you sell it. There are several ways to sell bitcoin, each with benefits and drawbacks, so you should consider which is the right one for you before continuing.
- A VPN also helps you buy and sell Bitcoin in countries where crypto is illegal.
- In situations where direct conversion to dollars is not possible, you can convert your Bitcoins other cryptocurrencies.
- You’ll receive a verification link in your email that you need to open to access your dashboard.
- Open your Binance Fiat and Spot wallet and find Bitcoin you wish to sell into fiat.
- However, it’s critical to be on the lookout for fraudsters.
- Using a peer-to-peer marketplace is a little harder than other methods, but it gets around the transaction fees and limitations of going through an exchange.
But now, the retired businessman is in ‘dire straits’ having fallen for a complicated investment scam, and the same fraudsters have tried to dupe him since. After losing his wife a few months ago, he now wants to warn others about how easy it is to fall for a scam online. When Gary Edmunds joined an online car enthusiasts group on Facebook, he could never have envisaged it would lead to a £30,000 loss and the sale of his home. Check if your university or organisation offers FT membership to read for free. The Beta Site is provided on an “as is” and “as available” basis and we make no warranty to you of any kind, express or implied. The BBC is not responsible for the content of external sites.