The latest version of Coinbase makes this very easy. Choose Bitcoin as your currency of choice, and make sure the right destination is selected for your funds in the Deposit To section. If you have a bank account connected to your account, you will be able to select it here for a direct transfer. Check your connected wallet to see how much Bitcoin you have, and choose the amount you want to sell. In , Coinbase raised its default limits for trading and started allowing people to trade their cryptocurrency immediately after buying it, which is one reason we are fans of the service.
You can see your weekly bank limit in the same section. Finally, choose if you want to repeat this sale, and if so, at what frequency. Then select Sell Bitcoin. There will be a short holding period before the sale is complete. Bitcoin has been going through a long period of devaluation and corrections lately , intermixed with slight recoveries, though the current boom has further shaken things up.
Some serious research may be required to decide when the best time to sell is for you. When it comes to exchanges, Bitcoin automates trades between two parties. However, the selling process is a little different. The transaction occurs directly between seller and buyer when you sell.
You set up a sell order for a specific value, and the site alerts you when someone shows interest in buying at the agreed-upon price. Then you can proceed with the transaction — both parties agree on the terms, the seller receives payment from the buyer, then the seller releases the cryptocurrency to the buyer.
Each platform you trade through will let you handle the payment a little differently. Sites like BitQuick use bank account transfers to keep things exclusively online. But other sites like LocalBitcoin and Paxful offer all sorts of options, like Moneygram, gift cards, cash in the mail, and even cash in person.
Using your local currency enter the most liquid Global markets Buy and sell Bitcoins, Ethereum, Ripple and other cryptocurrencies, fast, easy and safe. Discover all the beneficts of using BitInka. We provide the most competitive prices and rates in the market. We offer more than 64 pairs of operations to trade Bitcoins and cryptocurrencies in Latin America, Europe and Asia.
Feel free to buy and sell with the awareness that your money is safe. Make exchanges from only 0. See all payment methods Buy and sell Cryptos in seconds! Amount you want Buy. Payment methods Discover all the payment methods that we have available according to your country.
Find an exchange (e.g. Coinmama, ladi.crptocurrencyupdates.com, Coinbase). Send your Bitcoins to that exchange. Trade your Bitcoins for fiat.