Since the creation of cryptocurrencies, numerous enthusiasts have developed new ways to buy and sell them. The purpose of the multiple methods is to make all cryptocurrency users’ purchasing and selling experiences more convenient. Additionally, these diverse methods attract new users by emphasizing the convenience of transactions.
However, this goal has opened up a variety of ways to purchase cryptocurrency. Some answers for how to sell crypto involve actual in-person sales in return for cash with methods like NakitCoins, Bitcoin ATMs, sales to friends and colleagues, and more. In the context of this article, we will go over a few selling strategies that will satisfactorily address your query about how to sell crypto. Go on reading!
A Guide on How to Sell Crypto
New cryptocurrency users frequently wonder how to sell crypto. An overview is provided here. Let’s look at it.
- Have a verified cryptocurrency wallet: Your digital coins are stored in a crypto wallet, which also serves as a buying, selling, and trading platform for cryptocurrencies. The first prerequisite is a reliable and secure crypto wallet.
- Pick a cryptocurrency wisely: To avoid having to switch currencies, which could result in extra fees, it is best to sell Bitcoin as a beginner because it is universally accepted. Decentralized ledgers powered by blockchain technology run cryptocurrency like Bitcoin. Users may confirm transactions, handle fund transfers, and finalize trades through their safe and quick transactions. The second prerequisite is this.
- Deposit the Bitcoin: The following step is to add the cryptocurrency of your choice to your wallet. Most people use online or physical exchanges to purchase Bitcoin. The individual exchange will have instructions for how to move the purchased crypto from your account to your crypto wallet.
- Choose your selling method for cryptocurrency: Finally, select the available options for selling your cryptocurrency. Brokerages, Bitcoin ATMs, peer-to-peer exchanges, and traditional cryptocurrency exchanges fall under this category. Alternatively, you could decide to visit a crypto office like those operated by NakitCoins in Turkey and sell immediately in person. Each method will walk you through the steps for how to sell crypto using their platform.
How to Sell Crypto on a Bitcoin ATM
ATMs that sell and buy Bitcoin are known as Bitcoin ATMs. Even while Bitcoin ATMs accept cash and buy cryptocurrencies, they have some restrictions when it comes to selling cryptocurrencies to withdraw cash. With this exception, Bitcoin ATMs carry out cryptocurrency sales and purchases. The steps required for how to sell crypto on a Bitcoin ATM are clearly described below. Let’s look at them.
- Step 1: Find the closest Bitcoin ATM to you that allows for two-way transactions. When options for buying and selling Bitcoin are present, two-way transactions are enabled. Always keep in mind that not every Bitcoin ATM operates in this manner; confirm this first.
- Step 2: Several cryptocurrencies are often available on the machine. Pick the crypto you want to sell after doing some searching.
- Step 3: Carefully read the Bitcoin ATM’s terms of service, commonly known as the user agreement, and accept it if you agree.
- Step 4: Submit your personal information. Your name and phone number are among this information.
- Step 5: Choose how much of the cryptocurrency you want to sell in this step.
- Step 6: The Bitcoin ATM will produce a receipt with a QR code and a wallet address on it, into which you should send the amount of cryptocurrency you chose earlier. Transfer the cryptocurrency using your cryptocurrency wallet app.
- Step 7: After the crypto deposit has been approved by the crypto ATM, you will receive a confirmation message. Your funds are prepared for withdrawal according to the information in this confirmation message. Keep in mind that if you do not receive it after a few minutes, you can typically call customer support.
- Step 8: Use the ATM camera to scan the QR code on the ticket. Your identity will then be requested. Your phone number must be entered to complete this last step in how to sell crypto. The Bitcoin ATM will release your money right away.
How to Sell Crypto on a Blockchain.com Wallet
You must have a verified user account in order to sell cryptocurrency on a Blockchain.com wallet. When this prerequisite has been satisfied, this is how to sell crypto using this method.
- Step 1: Open your Blockchain.com wallet and log in to start the process of how to sell crypto.
- Step 2: Find buy/sell crypto on the dashboard of your wallet and click it.
- Step 3: At this point, decide which trading account or Blockchain.com Private Key Wallet you want to sell from.
- Step 4: Enter how much of your cryptocurrency you would like to sell in fiat money.
- Step 5: Decide the recipient account you want to use to receive the money.
- Step 6: Press the next button.
- Step 7: Review the sale information on the checkout page and make sure everything is correct.
- Step 8: Press the sell button.
The information in this article will help you get going and will satisfactorily address your questions about how to sell crypto. Consider all of the information carefully and keep it in mind.