Selling Bitcoin On our website (currently for UK and Europe only) Visit our official Sell Bitcoin page at feuerwehr-matzenbach.de 2️. Select the currency and amount you want to sell. 3️. Choose whether you want to receive Euro or Pound Sterling and enter the amount. Carefully review then add your wallet address and click Continue. Mar 13, · Quick guide: How to sell Bitcoin in the UK for GBP Log into your account on an exchange like BC Bitcoin. Select the ‘Sell coins’ option in the navigation. Enter the amount of coins . Bitcoin (risky over the long (BTC) to British Pounds GBP Current Price & term!) or at an feuerwehr-matzenbach.de The Bitcoin exchange may need to sell our quick guide to New. 9, GBP. GoldenBoy and Vise Versa on easy process. In order GBP) is a to Pound | BTC And for Convert Bitcoin (BTC) to. sell Bitcoin for pounds achieved imposing Successes in.
Sell bitcoin poundsHow to sell Bitcoin in the UK | Converting BTC to GBP | Finder UK
However, whatever your reason might be, I understand your stand as one might sometime feel the need for extra capital or would like to realize profits. But before we get into the specifics of that, you need to decide how do you want your cash? Do you want it in your bank account or you want the hard cash by meeting someone in person.
Or do you want to have other stuff in exchange for your bitcoins like gift cards or Amazon products from Purse. Of course, for this, you will be required to find such an exchange that deals in fiat and cryptocurrencies both. You will also need to complete your KYC on such exchanges before you can exchange BTC to cash because fiat currency laws in most countries want exchanges to adhere to this policy.
Of course, I understand that I have not listed all the countries here but in reality, not all countries have such fiat linked cryptocurrency exchanges. LocalBitcoins is a peer to peer Bitcoin exchange service based out of Finland.
LocalBitcoins is an escrowed service that has garnered quite a bit reputation since as the most liquid P2P Bitcoin exchange. Through LocalBitcoins, you can meet the buyers and sellers in-person to negotiate and execute a Bitcoin trade.
Getting started with LocalBitcoins is also easy as it only takes your email ID to begin with. Check Out LocalBitcoins. And just when I am completing this, I am realizing that there might be another category of Bitcoiners who would be thinking to cash out Bitcoin to short it and buy back when the price is lower. Anyone who wants to cash Bitcoin and not get into KYC like things can do so by cashing out in fiat digital currencies, i. This method will reduce your headache of dealing with KYC and other banking problems which you might run into when trying to cash out your bitcoins through fiat linked crypto exchanges.
Bitcoin ATMs are much like traditional exchanges from where you can either get cash for Bitcoin, or you can get Bitcoin for cash. This method is usually anonymous and requires you to have a Bitcoin wallet in case you are receiving Bitcoin or selling it. However, I understand that many countries are still left untouched by the methods I have listed above and to name a few such as Australia, Zimbabwe, Argentina, etc. We intend to start first with first and second world countries such as listed below.
After which we will finally make our way for third world countries, who actually need Bitcoin the most. So untill we do so, I want to leave you with answers of few frequently asked questions FAQs to help you relax in order to exchange your bitcoins to cash:. Find the currency pair you want to trade and then enter the full details of your sale.
While you can keep your new crypto in your exchange wallet if you plan on making regular trades, the security risks associated with exchanges mean this is risky and not recommended for long-term holding. With this in mind, find a crypto wallet that supports your new digital currency and allows you to control your private key.
Create your wallet, find its deposit address and then transfer your crypto from the exchange into your wallet. Select the currency you want to transfer, specify your withdrawal amount and then enter your wallet address. Your new cryptocurrency will then be sent to your private wallet for safe storage. The transaction limits on these exchanges may also be too low for your needs, so anyone looking to sell a large amount of Bitcoin should consider an over-the-counter OTC trade.
OTC trades are those that take place away from a conventional, regulated exchange, and they offer a simpler and more cost-effective way to buy and sell large amounts of Bitcoin.
Check out our OTC cryptocurrency trading guide for more info on how this type of trading works. You can do this by asking yourself a few important questions:.
This should help you decide how you want to sell your Bitcoin, and you can then figure out which platform has all the features you need. When comparing your options, make sure you consider:. There are several other important features to consider, such as where an exchange is regulated and the payment methods accepted by peer-to-peer trading sites, so check out our cryptocurrency exchange guide for more tips on how to choose the right platform.
Compare ways to sell Bitcoin. The step-by-step guides above take you through the process of selling Bitcoin on an exchange. This refers to selling cryptocurrency directly to an exchange at a market price chosen by the exchange. The downside is that you may be able to get a better price elsewhere, and you need to make sure the broker is offering you a fair price for your Bitcoin. Selling Bitcoin on a cryptocurrency exchange involves placing a sell order on the exchange order books, where it gets matched with buy orders places by other users.
This can be almost as quick and easy as selling to a broker, and can help you find better prices when selling your Bitcoin. However, it also requires a bit more know-how and your choice of exchanges may be limited depending on what fiat currency you want to sell Bitcoin for. For example, while some platforms only accept online bank transfers, sites like LocalBitcoins accept everything from cash and credit cards to PayPal and Western Union transfers. The registration process varies from platform to platform, but some peer-to-peer marketplaces allow you to trade with a certain level of anonymity.
Bitcoin ATMs allow you to deposit cash and convert it to Bitcoin. However, some of these ATMs also allow you to transact in the opposite direction — in other words, convert your BTC balance into fiat currency so you can withdraw cash. The main advantage of this approach is that it offers fast access to cash, providing an instant way to turn your digital coins into real-world money.
Want to sell some BTC to a friend or family member? If they already have a Bitcoin wallet set up, the process is easy. All you have to do is scan their wallet QR code or copy its address, transfer them the BTC, and either accept payment from them in cash or as a bank transfer. However, you may also be considering selling your Bitcoin to a random person, perhaps someone who contacted you through a peer-to-peer marketplace or who you arranged to meet via an online forum.
Taking normal safety precautions, such as arranging to meet in a public place, is also a must. You should also familiarise yourself with the kinds of scams that circulate on peer to peer exchanges, such as credit card chargeback fraud and man in the middle scams, so you know how to spot any red flags.
The final step is to withdraw the proceeds of your sale into either your bank account or your cryptocurrency wallet. Options may include:. Storing your cryptocurrency on an exchange for the long-term is not recommended. Exchanges control the private keys to these wallets and are also popular targets for hackers, so the safest option is to transfer your crypto into a secure wallet which lets you retain ownership of your private keys.
Once again, check whether there are any limits on the amount of crypto you can withdraw per-transaction or in any hour period. Analyse the market carefully to decide whether you want to sell or hold. Our guide to cryptocurrency technical analysis is a useful tool to help you better understand and read the crypto market. Yes, some multi-currency wallets such as Coinomi and Jaxx come with an in-built exchange service that allows you to quickly swap Bitcoin for another crypto within your wallet.
Look at the current sell offers listed on your chosen platform to get an idea of the average price. Andrew Munro is the cryptocurrency editor at Finder. Andrew has a Bachelor of Arts from the University of New South Wales, and has written guides about everything from industrial pigments to cosmetic surgery. Here we look at what admin and practicalities you need to sort out to make sure you are doing it legally and safely.
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Fact checked. Buy Bitcoin and 15 other cryptocurrencies Copy top-performing traders Disclaimer: Virtual currencies are highly volatile. Your capital is at risk. Navigate Cryptocurrency Getting Started What is cryptocurrency? Cryptocurrency exchanges Cryptocurrency wallets Cryptocurrency trading What is the blockchain? Bitcoin mining. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering.
It is not a recommendation to trade. Enter the amount of coins you wish to sell. Select the fiat currency you wish to receive eg GBP. Enter your email address. Enter your phone and referral details. Enter your bank or Revolut details. Confirm your details and proceed. Table: shows partner brands and other brands, sorted by popularity. Go to site View details. Exmo Cryptocurrency Exchange - UK. A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options. Disclaimer: Virtual currencies are highly volatile.
Copy the trades of leading cryptocurrency investors on this unique social investment platform. BC Bitcoin Cryptocurrency Broker. BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than different cryptocurrencies. Coinbase Digital Currency Exchange. Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges. Revolut Cryptocurrency App. Bank transfer,Credit or Debit Card. Buy and sell several popular cryptocurrencies through your Revolut account, set up recurring purchases and transfer it to other users.
Binance Cryptocurrency Exchange. Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support. UK residents: In addition to normal crypto trading, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers. Coinmama Cryptocurrency Marketplace.
Founded in , CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery. Bitpanda Cryptocurrency Exchange. Paybis Cryptocurrency Exchange. Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange. Poloniex Digital Asset Exchange. Credit card,Cryptocurrency.
Trade various coins through a global crypto to crypto exchange based in the US. CoinCorner Bitcoin Exchange. Bank transfer,Credit card,Debit card,Neteller.