This means you can usually trade Bitcoin with practically any other cryptocurrency that’s listed on the platform. This includes stablecoins if you’re just after a temporary shelter from Bitcoin exposure. If you need to spend the money right away, you also need to keep cash settlement times in mind. Bank transfers can take a few days, unlike Bitcoin transactions, which are fully confirmed in an hour. Short seller Kerrisdale Capital is also criticizing MicroStrategy for overvaluation because of its significant holdings of Bitcoin. According to Kerrisdale, there are more appealing investment options than MicroStrategy when it comes to digital asset exposure.

Bridges are convenient for selling bitcoin on-chain, but not without security trade-offs. Decentralized exchanges are usually a great option for buying and selling crypto, but there are two major caveats. On the one hand, most DEX platforms only facilitate crypto-to-crypto transactions, so selling coins for fiat generally isn’t an option.

How to earn rewards on crypto?

The latter is by far the easiest and fastest way of selling Bitcoins for cash, but, they are not widely available. Crypto exchanges are the most sell bitcoin popular way to instantly cash out of BTC to a bank account. Before selling Bitcoin, investors need to deposit BTC into their Binance accounts.

The fees incurred when selling Bitcoin depend on the method selected and the platform the investor uses. When using an exchange to sell BTC, the fees charged usually come at a flat rate. For instance, Binance is one of the most economical exchanges that charges 0.1% to sell Bitcoin and is an ideal platform for those who want to lower their crypto fees. Moreover, there are also fees to transfer Bitcoin between wallets and exchanges that should be considered.

Latest Crypto Videos & News

Bitcoin’s supply is ultimately predictable, yet demand is nearly impossible to forecast. Investors have been looking forward to it as a pivotal moment for the cryptocurrency’s supply dynamics. Yet, like prior halvings, the event itself has been on the calendar for over a decade. Binance can be more convenient and safe https://www.tokenexus.com/ for beginners, whilst LocalBitcoins allows you to remain anonymous and sell at a higher price. Your buyer will then receive a notification to say that you would like to sell your Bitcoins to them. Once they accept, you will then send your Bitcoins to the LocalBitcoins escrow (I explained an escrow earlier, remember?).

• When using an exchange to sell BTC, the fees charged usually come at a flat rate.
• London-based CEX.IO allows you to withdraw your funds to your MasterCard or Visa.
• This information is general in nature and is for education purposes only.
• Investors have been looking forward to it as a pivotal moment for the cryptocurrency’s supply dynamics.
• There are plenty out there, and Bitcoin tends to be number one on just about every platform.
• We are a professional review site that receives compensation from the companies whose products we review.