sell bitcoin

Withdrawn funds usually appear within one business day, in extreme cases, it does take up to three days. To verify your withdrawal channels, your account must be verified to provide utmost safety. You are well-advised to integrate channels that tally with your details on the platform as dictated by KYC procedures. Inputting valid withdrawal channels is one of the most important steps you should take, especially if you want to convert your cryptocurrency to GBP. EToro is UK regulated by the FCA, and has a United Kingdom office in Canary Wharf, London.

Your buyer will then receive a notification to say that you would like to sell your Bitcoins to them. Once they accept, you will then send your Bitcoins to the LocalBitcoins escrow (I explained an escrow earlier, remember?). So, the buyer will not receive your Bitcoins until they have paid you, and you confirm they have done so. Then you need to choose the country where your ideal buyers are located. I recommend using your own country (of course), however, this is up to you.


Bitcoin wallets are integrated into several exchanges like Binance, Coinbase, Exodus wallet, and so many more. Bitcoin wallets come with a designated address which is shared with benefactors who want to distribute Bitcoin to you. The traded price of digital tokens can fluctuate greatly within a short period of time…. As with any asset, the values of digital currencies may fluctuate significantly…. Ethereum (ETH) is the second-largest cryptocurrency by market cap. This cryptocurrency is famous for being a utility blockchain that hosts several DeFi projects.

Also, you won’t have to pay a deposit fee, only the network fee for transferring Bitcoin. Coinbase, Binance, and Kraken are a few of the leading brands worth checking out. Therefore, to save you time, we’ve created this guide that discloses the best crypto platforms where you can sell Bitcoin in the UK. Also, we’ll cover how to select the top platform for yourself and if it’s really worth selling your Bitcoin. With this handy addition, selling crypto for fiat currencies and transferring funds to a card has never been easier.

Bitcoin spot ETF approval window

We have prepared the best crypto apps in the UK which you can you to deposit Bitcoin. Rather than doing the work for you, a peer-to-peer (P2P) exchange lets you choose your price, and the platform helps find a buyer willing to pay it. You can sometimes do this on the site — often called direct trades — but normally, you would use a separate bank transfer. BitDegree Learning Hub aims to uncover, simplify & share Web3 & cryptocurrency education with the masses.

sell bitcoin

The best way to sell Bitcoin is through a cryptocurrency exchange. If the assets are already on an exchange, then skip to step 4. Otherwise, you will need to deposit the coins or tokens on an exchange to sell on the market. If you decide to cash out your Bitcoin using an exchange (such as Binance), then it will normally take about 1-5 days for the money to reach your account. For EU customers, payments are made via SEPA (withdrawals paid in Euros). However, if you want to sell Bitcoin for USD, brokers normally use the SWIFT payment method.

Step 2: Transfer your Bitcoin to your exchange wallet

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. In the “withdraw” page, just select your sell bitcoin bank account, choose how much you want to withdraw and then click confirm. There will be a withdrawal fee — usually a small percent of the payment or a fixed number of a few dollars — shown before you confirm, so make sure you’re OK with this before continuing.

If you don’t see the notification, you can always go to Settings and choose Connect To Coinbase to get started. The Coinbase Wallet also has a few other handy features, including paying merchants directly from the wallet if they are part of the Coinbase Commerce program. If you followed our guide on buying Bitcoin, you’d have stored your Bitcoin in a secure — maybe even cold — wallet. To trade on Coinbase, you’ll want to send your Bitcoin to an exchange wallet and keep it there, ready for sale.

Is it worth it to learn how to cash out Bitcoin?

On the same token, this has led to many losing sight of bitcoin’s original intent — peer to peer transactions. If you’re a bitcoin investor, you’re likely doing so to generate some sort of future profit. And in order to do that, you’ve certainly learned how to buy bitcoin. (If you’re still learning, be sure to check out our how to buy bitcoin article.) However, now that you’re a holder, you’ll definitely want to know how to sell bitcoin (BTC). Some methods can be tediously complex, but they allow anonymous transactions that ensure privacy and safety, so they’re worth the extra effort. If you decide to make trades in person, make sure to do so in a public setting.

When investors are not careful enough to make analyses, fundamental and technical, they risk losing their trading capital. However, just as we recently mentioned, it is up to you to decide the most favorable trading strategy for you. The most important considerations are often connected with your availability, capital, expertise. Besides, the entire cryptocurrency market is a volatile sphere and virtually anything is bound to happen at any time. In the physical sense, they offer some of the best trading interfaces and the best methods to ensure that users don’t liquidate their entire portfolio in wrong trades.

The Fair Value Gap is formed when there is a sudden movement of price in a single direction. On the weekly chart, Bitcoin price has completed filling the Fair Value Gap (FVG), extending from $34,243 to $37,386. Interestingly, this gap is formed around the midpoint of the weekly bearish breaker that stretches from $28,805 to $41,330. Bitcoin (BTC) price has front-run the ETF approval news, leading to 121% year-to-date returns.

sell bitcoin