This article focuses on selling crypto into local currency. For options on selling crypto into other cryptoassets, please see our article How does crypto exchange work
Cryptocurrency Wallet apps are digital platforms that store, manage, and allow the selling of various cryptocurrencies directly to fiat currency within the app itself.
Sell cryptocurrency in minutes with the self-custodial Bitcoin.com Wallet app
In the context of cryptocurrency, a brokerage is a platform that allows individuals to buy or sell crypto 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. Such platforms also offer basic information like cryptocurrency prices.*
These are streamlined platforms that facilitate the simple swaps of various cryptocurrencies for other assets. The process typically involves sending your cryptocurrency 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 cryptocurrency you'd like to sell to a specified 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 various cryptocurrencies for other cryptocurrencies or fiat currency, typically offering high liquidity and advanced trading features, like Coinbase.
See our Cryptocurrency exchange directory for a curated list of cryptocurrency exchanges.
These are physical kiosks where individuals can sell various cryptocurrencies in exchange for cash, offering a quick and straightforward way to convert cryptocurrency to fiat currency.
Use our Cryptocurrency ATM locator to find a Cryptocurrency 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
When you sell cryptocurrency through an exchange service, you're 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 cryptocurrency 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 cryptocurrency from your digital wallet to your friend's digital wallet.
Read more: How to send cryptocurrency.
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 cryptocurrency 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:
Learn how to get your first crypto in minutes.
Sending crypto is as easy as choosing the amount to send and deciding where it goes.
Read this article →Sending crypto is as easy as choosing the amount to send and deciding where it goes.
Receiving crypto is as easy as simply providing the sender with your appropriate crypto address, which you can find in your cryptocurrency wallet.
Read this article →Receiving crypto is as easy as simply providing the sender with your appropriate crypto address, which you can find in your cryptocurrency wallet.
Learn how to quickly and easily create a crypto wallet. Understand the different wallet types and their respective pros & cons.
Read this article →Learn how to quickly and easily create a crypto wallet. Understand the different wallet types and their respective pros & cons.
Make sure your cryptoassets are safe with these simple tips.
Read this article →Make sure your cryptoassets are safe with these simple tips.
Stay ahead in crypto with our weekly newsletter delivering the insights that matter most
Weekly crypto news, curated for you
Actionable insights and educational tips
Updates on products fueling economic freedom
No spam. Unsubscribe anytime.
Over wallets created so far
Everything you need to buy, sell, trade, and invest your Bitcoin and cryptocurrency securely
© 2025 Saint Bitts LLC Bitcoin.com. All rights reserved