Unfortunately, the website has closed down as of writing this article. I highly recommend using Binance, Bybit, or Coinbase since they’re learn sass scss tutorial the most well-known and trusted platforms in the crypto space. However, you can choose other crypto exchanges if you want to try something different. To make sure brokers don’t break money laundering laws, you’ll need to follow some rules. Notably, you’ll need to withdraw to the same bank account that you deposited with.

When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange. Centralized crypto exchanges are one of the best ways to turn your Bitcoin (or other cryptocurrencies) into cash. With access to hundreds the latest cryptocurrencies news for investment advisers and wealth managers of coins, multiple supported fiat currencies, and low trading fees, exchanges offer the most flexibility when cashing out your crypto.

Things to consider before cashing out Bitcoin (or other crypto)

ETFs trade on an exchange and are available through most brokers and the expense ratios on several funds are below what you might pay to trade on a crypto exchange. If a broker holds your crypto coins, then the easiest route is simply to go with that broker. For example, if you’re a client of Robinhood or Webull, both of which allow extensive crypto trading, then it will be easiest for you to just execute a trade on their platform and be done with it. There are multiple options to choose from when you want to cash out your Bitcoin. You have to consider fees, transaction time, and accessibility. Depending on your wallet funds, you can get a new car, games, electronics, or even your morning coffee.

Use an exchange to sell crypto

So, yes, there are several ways to turn your Bitcoin holdings into cold, hard cash — but there are several things to consider before you do. BTC withdrawals can be delayed because they need to be verified by the network first. Busy periods on the Bitcoin network can also slow things down. You can withdraw Bitcoin anytime with some platforms, but others may have limited hours for processing withdrawals.

1. There are plenty of crypto exchanges that support peer-to-peer trading, so you can sell your Bitcoin without having to withdraw it to a non-custodial wallet.
2. Here are the top ways to convert Bitcoin to cash fast, cheaply, easy and securely.
3. Once a buyer approves your request, the platform will keep your bitcoins locked until you confirm that you’ve received the buyer’s cash, like an escrow function.
4. Bitcoin kiosks and tellers, powered by Coinme, are a great example, as they’re mostly located in the entrances of major supermarket chain locations.
5. As we discussed, you can cash out Bitcoin for real money through exchanges, P2P platforms, ATMs, and OTC trading.

About Article’s Experts & Analysts

There’s an in-depth guide to help you convert and withdraw your cryptocurrencies in the most efficient way. The first step is to find a brokerage firm that will find a suitable buyer for your tokens. For more info on how crypto cards work, check out our article.

All you need is to pick the token and enter the exact sum to be sold. With an online peer-to-peer trade, you can sell cryptocurrency online in exchange for dollars. These transactions are regulator gears up for bitcoin crackdown amid digital coin frenzy often facilitated by an exchange, and Binance runs a well-known online peer-to-peer platform called Binance P2P. Once you check the transaction record in the payment account and make sure you have received the money from the buyer, Binance will release the crypto to the buyer on the platform.

Instead, take a level-headed approach to your investment strategies, and make decisions based on your long-term goals — not short-term feelings. If you’re itching to exchange your crypto for some cold, hard cash, you’ll want to consider the implications of selling. If you hold Bitcoin or other crypto within Cash App or another money transfer app, you can sell it pretty easily. You will pay a fee within the app, but it’s usually pretty reasonable. The key with these apps is you need to already hold your crypto within the app, otherwise you can’t cash out.

For example, Coinbase offers a VISA debit card that allows you to spend your Coinbase crypto balance, automatically selling your selected crypto and using the cash for any purchases you make. You can also earn crypto rewards that deposit into your Coinbase account (reward rates vary). Before picking the one to use, consider factors like security, supported cryptocurrencies, withdrawal methods, and fees. These cards are a newly evolving technology, and you can only use them for direct purchases at retail and for cash withdrawals through ATMs. Crypto card works as a usual debit card but all money is from crypto holdings.