How to sell cryptocurrency Comments Off on How to sell cryptocurrency 1150

Many know that you buy cryptocurrencies but there are people in the world who are sellers. Selling various cryptocurrencies is just as lucrative as buying because there are always those looking to purchase.

As you know, Bitcoin, Ethereum, Litecoin and Ripple are growing in popularity and demand and people are looking to invest. If you’re looking to get to sell cryptocurrency, make sure you know the correct procedures.

How would you like to sell?

There are various selling options available to you:

Direct trading

For online, you’ll deal with a buyer directly but use a facilitating intermediary during the process. Please make sure you’re using a regulated and reliable cryptocurrency platform. On most platforms, you’ll need to register as a seller and verify your identity. Verifying your identity usually involves scanning an identity document. Please remember to remain cautious when sharing your personal information online. The only information needed from your ID scans are your names, along with your date of birth and address. Everything else can be censored.

Once you’ve registered and your details have been verified, you post an offer and you’ll be notified once someone has accepted the offer.

Online exchange

Cryptocurrency exchanges allow customers to trade various cryptocurrencies. This is another option to use if you’re looking for buyers. Working on an online exchange has the same process as buying – you register with the online exchange, verify your details, place a sell order with the amount you’ll be selling and select the desired currency. The exchange will be complete once another user matches your sell order and the amount will be credited to your account.

You can sell one coin at a time or in batches. It’s up to you but most users sell an entire batch.

While cryptocurrencies can be sold in person (there are plenty of ‘meetups’ that take place across the world), we suggest you use an online platform for safety reasons. Take a look at our recommended list of cryptocurrency platforms that are safe and reliable.

Binance

Binance is a globally renowned cryptocurrency exchange. The platform is easy to use, secure, stable and can work on all devices. It supports multiple coins – BTC, ETH, LTC and BNB.

The platform has a high-performance algorithm, processing 1.4 million orders per second, making it one of the fastest exchanges in the world. After first establishing itself 5 months ago, Binance already boasts 5 million users. This surge in growth proves that it is the ideal cryptocurrency exchange.

Creating an account is easy. Just sign up, register and your account will be ready.

Binance is a globally renowned cryptocurrency exchange. The platform is easy to use, secure, stable and can work on all devices. It supports multiple coins – BTC, ETH, LTC and BNB.

The platform has a high-performance algorithm, processing 1.4 million orders per second, making it one of the fastest exchanges in the world.

After first establishing itself 5 months ago, Binance already boasts 5 million users. This surge in growth proves that it is the ideal cryptocurrency exchange.

Creating an account is easy. Just sign up, register and your account will be ready.

Previous ArticleNext Article