How to sell Bitcoins?
Selling Bitcoins involves simple processes but smart planning to make the most of the Bitcoin investment. You can sell Bitcoins via direct trades or at any cryptocurrency exchange where you have your KYC fulfilled account. The volatility of the Bitcoin price makes it important to strategically choose the time of sale.
- Exchange Sales– On Exchange, you can sell Bitcoin directly at the market price or set a price limit for triggering the sale. The amount from the sale will automatically come to your exchange wallet or to the linked bank account.
Critical factors to consider for selling Bitcoin on Exchanges-
- Credibility of the Exchange– Exchanges are not centrally regulated and thus you need to find an Exchange with a decent reputation. Some of the best Exchanges are CoinBase, Kraken, Bitstamp, etc.
- Timing of the sale– Bitcoin price fluctuates a lot and it’s obvious to sell bitcoins at its peak value to maximise your gains.
- Delay in payments– Bitcoin sales are often delayed due to high influx of buyers, DDOS attacks or site maintenance issues. Less transaction charges may sometimes lead to long delays in receiving the payment. Thus, always try to avoid selling when everyone else is selling to get your payment through quickly.