Bitcoin Wallet apps are digital platforms that store, manage, and allow the selling of Bitcoin directly to fiat currency within the app itself.
Sell bitcoin in minutes with the self-custodial Bitcoin.com Wallet app
These are streamlined platforms that facilitate the simple swaps of Bitcoin for other assets. The process typically involves sending Bitcoin to a specified address, then receiving fiat in your bank account.
With this method, you'll need to create an account, verify your identity and connect your bank account, then send the bitcoin (BTC) you'd like to sell to a specified Bitcoin address. After the sale is processed, you'll receive cash in your bank account. Here's how it works:
Note: It typically takes between 1-3 working days to receive the funds in your bank account.
These are online marketplaces where users can trade Bitcoin for other cryptocurrencies or fiat currency, typically offering high liquidity and advanced trading features.
See our Bitcoin exchange directory for a curated list of Bitcoin exchanges.
These are physical kiosks where individuals can sell Bitcoin in exchange for cash, offering a quick and straightforward way to convert Bitcoin to fiat currency.
Use our Bitcoin ATM locator to find a Bitcoin ATM near you.
This method involves direct transactions between individuals, bypassing traditional exchanges, and allows for a variety of payment methods, often with an emphasis on privacy.
Bitcoin.com's recommended platform for trading Bitcoin P2P is Peach Bitcoin
In the context of cryptocurrency, a brokerage is a platform that allows individuals to buy and sell BTC* alongside other financial assets. These platforms act as intermediaries between buyers and sellers, offering a diverse range of services that extend well beyond the crypto realm, including access to stocks, commodities, and more.
When you sell bitcoin through an exchange service, you are interacting with a regulated business. Such businesses must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These regulations require the collection and storage of customer information, including identity documents and sometimes proof of address. These regulations are in place to prevent tax evasion and the financing of terrorism.
Fees for selling bitcoin depend on the payment method and platform/venue used. For example, if you're selling directly to a friend and settling in cash, you'll only need to consider the 'network fee' for sending the bitcoin from your digital wallet to your friend's digital wallet.
Read more: How to send bitcoin.
If you're receiving cash via bank transfer, you'll of course need to factor in the associated fees.
Exchange services also charge fees for facilitating trades. These fees cover the exchanges' operating costs plus a small margin.
Read more: How bitcoin exchange works.
Discover the top platforms for buying, selling, and trading cryptocurrencies
Discover the top platforms for buying, selling, and trading cryptocurrencies
Whether you're just starting out or looking to level up, explore these trusted resources from Bitcoin.com:
To receive bitcoin, simply provide the sender with your Bitcoin address, which you can find in your Bitcoin wallet. Read this article for more details.
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Sending bitcoin is as easy as choosing the amount to send and deciding where it goes. Read the article for more details.
Read this article →Sending bitcoin is as easy as choosing the amount to send and deciding where it goes. Read the article for more details.
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