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How to Sell BTC for Cash in Easy Steps

Bitcoin (BTC) is one of the most traded cryptocurrencies, and it also has the highest USD value. Trading BTC allows someone to make profits, store wealth, and diversify investments. The most important step of Bitcoin investment is selling it for cash because it allows you to make a profit or have cash to power other investments. 

How do you sell BTC for cash? This article will take you through easy steps to accomplish this whether you are new in crypto trading or have experience in this. Let’s dive in.

Preparing Your BTC Wallet

If you want to sell BTC for cash, it means you already have a loaded BTC wallet. It is time to assess it and ensure that all your Bitcoin is there and that the wallet address and other details are in order.

Before moving forward, also plan for the BTC you want to sell for cash. Do you want to sell all or a portion of it? Once you are ready, you can now move to the next step. 

Choose a Crypto Trading Platform to Sell BTC for Cash

The most important step when you want to sell BTC for cash is choosing a crypto platform. Typically, all crypto exchange platforms list Bitcoin because this is the most popular cryptocurrency. However, there are many options to consider. 

  • Physical crypto exchanges – If you want to sell BTC for cash easily, choose a physical cryptocurrency exchange. Some like NakitCoins come in an office setup; others include BTC ATMs, kiosks, and OTC exchanges. They dispense cash immediately, making them convenient for anyone who wants instant liquidity. 
  • Online crypto exchanges – You can opt to choose an online crypto exchange such as a CEX or a DEX, which is also very convenient. They allow trading through a computer or phone that is connected to the internet. However, you need to withdraw your cash from the platform to your bank, which is an extra step. 

Create an Account with a Crypto Exchange to Sell BTC for Cash

You may need to create an account with the crypto trading platform, especially when using the online options. They require this to ensure that trading runs smoothly and to secure the data of the clients. Check the instructions given by the platform to ensure that you do the right thing when setting up the account. 

Additionally, you will be asked to give identification information before you can sell BTC for cash. Exchanges ask for this personal information to comply with KYC protocols for transactions. After this, you can now move to the next step of selling Bitcoin for cash. 

Sell Your BTC for Cash

At this point, you can now sell BTC for cash. The details of the step depend on which platform you are using. Physical exchanges are easy because there will be personnel there to help you. If you are using an online platform, follow the steps carefully and submit all the requested information including the Bitcoin wallet details to complete the sale. 

Receive Your Cash

The last step is to receive your cash. For physical exchanges, you will get cash in major currencies. For online platforms, you need to complete a transfer from the crypto platform to your bank. Well, this is straightforward, especially if you follow the steps carefully. Some platforms may have other payment options such as payment apps and internet payment methods. 

Conclusion

You can sell BTC for cash by following these steps. They are easy and straightforward, especially if you do it in the right way. The most important part is choosing the exchange platform, which you can do after knowing their pros and cons. After that, the rest of the steps are simple. So, get started to enjoy the sale of your investment.


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