I Have 1 Bitcoin How Do I Sell It

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Updated April eight, 2022

This guide provides y’all the all-time ways to sell whatsoever amount of Bitcoin quickly, cheaply, and hands.

If you don’t want to pay an arm and a leg in fees, but desire to cash out of Bitcoin, this is the guide for you!

Nosotros will cover:

• Full general steps to selling Bitcoin
• Best platforms to sell on
• How best to sell in each country

Read on to detect all our peak methods and platforms for 2021!

Quick Info: Best Exchanges to Sell On

Selling Bitcoin is pretty like shooting fish in a barrel these days.

Before nosotros hop into the specific methods and platforms we like to use to sell Bitcoin, let’s walk through the normal steps.

1. Figure out which currency yous want to use to cash out

That means the first thing yous need to do is decide which form of money you will have for your Bitcoin.

If you are in the U.s.a., you probably aren’t looking to sell your Bitcoin for Euros (EUR) or Pound sterling (GBP).

That’s important, because some services don’t support United states dollars.

Some exchanges don’t support fiat currency at all.

ii. Make a cryptocurrency account on a selling platform

Now that y’all know which currency you want in exchange for your cryptocurrency, its time to make an account on a platform that lets you lot sell your BTC.

This is obvious, but you lot should bank check to make sure that platform cashes out in the currency you lot adamant in pace 1.

There are tons of platforms to sell Bitcoin on, and the easiest, by far, are exchanges and brokers like Coinbase or Coinmama.

Signing upwardly on Coinbase is really elementary – it’south like making an business relationship on Amazon!

Some methods, similar selling to a Bitcoin ATM or to a friend at a Bitcoin meetup won’t crave an account at all.

If you cull that method, you can skip this step.

Y’all may already have an business relationship verified if y’all originally bought your Bitcoin on the exchange you are selling it on.

3. Transfer your coins to the platform

Now that your business relationship is created, you’ll need to eolith your crypto assets on the exchange.

Hitting the “deposit” or “sell” push button.

You lot’ll exist presented with a wallet address and/or a QR code.

Scan that into your Bitcoin wallet and ship the amount of coins yous desire to sell.

four. Create a sell order

At present it’south time to make a sell offer on the platform you lot are selling on.

That means determining the price you are willing sell your Bitcoin.

The procedure for doing this always looks a niggling different on every platform, but for the nigh function, it works the same way.

Look for the “sell” or “trade” tab, and either sell at the price offered past the broker or create a custom sell society on an exchange order book.

The only departure is, with a broker, you are selling at whatever the spot price is (minus some fees).

With an exchange, y’all can set any price you lot want. Just don’t look for the sell to be accepted past any takers if your toll is too high.

The dainty thing most the crypto exchanges are that the fees tend to exist lower than the brokerages.

And that’s really all in that location is as well it!

Now, let’s look at the best platforms and methods to sell in each country!

Sell Bitcoins in the United States

Coinbase is a prominent and feature-rich crypto exchange which allow y’all to sell Bitcoins for USD.

Coinbase Pro also caters to Americans. It has high volume and avant-garde trading features. Ensure that you read the respective documentation for all these cryptocurrency exchanges for further information on trading limits and terms.

Sell Bitcoins in Canada

The big American exchanges, Coinbase and Coinbase Pro, are likewise available in Canada for purposes of selling Bitcoin for Canadian dollars.

Coinberry is also a peachy selection to sell your Bitcoins in Canada.

• Quick Info: All-time Exchanges to Sell On
• i. Effigy out which currency yous desire to utilize to cash out
• two. Make a cryptocurrency account on a selling platform
• iii. Transfer your coins to the platform
• 4. Create a sell order
• Sell Bitcoins in the United States
• Sell Bitcoins in Canada
  • Sell Bitcoins in Europe
  • Sell Bitcoin in the UK
  • Sell Bitcoins in Australia
  • Sell Bitcoins Around the World
  • LocalBitcoins
  • BitQuick
  • Private Auction
  • Bitcoin ATMs

Sell Bitcoins in Europe

Coinbase and Coinmama are some of the biggest exchanges servicing Europe.

Sell Bitcoin in the Britain

Britain-based Bitcoin sellers have all-encompassing options when it comes to exchanges. Coinbase and Coinmama are all represented in the UK.

Sell Bitcoins in Commonwealth of australia

The major global exchanges are absent from Australia. Coincorner, which likewise services Europe, is a recommended option.

Sell Bitcoins Around the World

To view all the available auction venues in your location, evidently excluding the private sale method, consult the Buy Bitcoin Worldwide “Find a Bitcoin Exchange” page.

In-person exchanges such as LocalBitcoins are available (nearly) globally.

And while you are looking at LocalBitcoins, you should also bank check out LocalCryptos.com.

Its pretty much the same as Localbitcoins, only they also allow you to sell altcoins.

Nevertheless, Bitcoin sellers are the well-nigh mutual, so make certain to check it and see if you lot get whatsoever better offers there.

Bank check out their sleek interface!

Larger exchanges, such as Coinbase, span several countries or entire regions. Smaller, local exchanges be in most nations with a significant Bitcoin user-base of operations.

Now that we’ve got locations covered, let’s focus on methods for selling Bitcoins if we desire cash!

Services like LocalBitcoins allow you lot to suit in-person trades for cash. A secure location, such every bit a bank or police station lobby, is recommended.

If yous intend to do many such cash trades, yous might want to invest in an ultra-violet counterfeit bill detector or a apocryphal detection pen.

Also, if your heir-apparent indicates any intention of using purchased bitcoins for illegal activities, cancel the merchandise immediately.

LocalBitcoins

Perhaps the most well-known “decentralized” substitution, LocalBitcoins facilitates both online and in-person trades.

However, LocalBitcoins was finally forced to submit to KYC and AML regs and verify the identity of its users the moment they transacted more than €1,000 worth of crypto. Therefore, LocalBitcoins cannot technically be called a “decentralized exchange” any longer.

Here is a view of their unlike verification tiers:

For selling Bitcoin, Ethereum (ETH), BitcoinCash (BCH), Ripple (XRP) or Litecoin (LTC) online, upwardly to 70 different payment methods may exist requested (depending on your location), including traditional options such as depository financial institution transfer, PayPal, Western Union and then on.

BitQuick

BitQuick is an escrow service that holds a seller’southward bitcoins until the buyer’due south in-bank eolith (to the seller’southward account) is confirmed by the bank.

Since Bitquick is unique, so is their look and experience. They offer estimates for how long the transaction should take as well equally a host of other useful features.

Private Sale

For individuals who know and trust each other, such as family, friends and business colleagues, in that location’s no compelling reason to employ any get-between service.

The private sale method has several advantages; no fees, convenience and, depending on the level of trust and familiarity, the highest security.

A skillful way to encounter potential buyers for private sale purposes is to attend Bitcoin meetings or conferences in your area.

The Seoul Bitcoin Meetup is one of the more than well-known Bitcoin meetups, but there are meetups everywhere.

Bitcoin ATMs

Certain Bitcoin ATMs around the globe enable yous to sell as well as purchase bitcoins. Bank check out our Bitcoin ATM Map for locations.

To listing only ATMs which buy Bitcoin, ensure that the checkbox marked “crypto -> fiat” is ticked and disable the “fiat -> crypto” box.

Clicking the location markers provides detail on specific ATMs, including basic information such as accost, operating hours, fees, limits and the blazon of ATM.

The “read more ->” link should provide contact details for the ATM’s owner should you require any further data.

It’s best to enquire in advance as to what course of identification is required to employ a Bitcoin ATM; some have rather invasive information requirements, such as fingerprint or ID volume scans.

A map of Bitcoin ATMs in the US.

We’ve shown yous the best methods and platforms to sell Bitcoin in 2022.

We chose these methods because They are:

• Like shooting fish in a barrel to practise
• Don’t toll a lot in fees
• Tin can be washed chop-chop

So you really can’t go wrong with whatever of them.

But what do yous think? Remember you know an even better fashion to sell Bitcoin?

We desire to know!

Hitting that contact button to share your favorite method.

Or share this mail service on social media and permit’s get-go a discussion!