Sell bitcoin for usd atm

Deposit bitcoin into your account. Jordan Tuwiner Last updated December 20, The transaction limits on these exchanges may also be too low for your needs, so anyone looking to sell a large amount of bitcoin should consider an over-the-counter OTC trade. I will leave you with short video tutorials of some Bitcoin ATMs, so you can check them out and choose depending on the type of ATM you need. Certain Bitcoin ATMs around the world enable you to sell as well as buy bitcoins. Go to site View details.

A simple guide to cashing out your bitcoin for US dollars or another cryptocurrency.

Last updated: 21 June We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when se,l click links on our site. Learn more about how we make money from our partners. This is our quick guide to just one way to sell BTC. Compare some other options in the table .

Ask an Expert

Check your account number before we start exchange. You can also choose from our available packages:. Sell Now. Some countries have already given the official status to BTC. So, it is already possible to pay with virtual coins in cafes and restaurants, pay rent and even utilities in Belarus, the USA, Canada, Japan and other countries. BTC is easy to buy today. It is important for someone to get dollars, euros or rubles any fiat currency into which BTC can be converted as quickly as possible.

Join Bitcoin Community

Last updated: 21 June We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners. This is our quick guide to just one way to sell BTC. Compare some other options in the table. For many people, the main aim when selling bitcoin will be to cash out for USD, so you can find instructions on how to do that.

However, not all of them allow you to exchange your BTC for fiat currency. That said, there are a growing number of exchanges that do, so compare the features of a few to find a platform that meets your needs.

You can then sign up for an account by providing your email address and creating a password. To satisfy government regulations, most exchanges will also require you to provide your full name, address and proof of ID.

Then, select the account you want to deposit to, such as your bank account. If you want to sell your bitcoin on the exchange where you initially purchased it, skip ahead to step 2.

When you find one that suits your needs, enter your email address and create a password to sign up for an account. Depending on the exchange you choose, you may also need to provide your full personal details and photo ID. Once the coins have arrived in your account, navigate your way to the trading section of your chosen platform.

Find the currency pair you want to trade and then enter the full details of your sale. While you can sell bitcoin for usd atm your new crypto in your exchange wallet if you plan on making regular trades, the security risks associated with exchanges mean this is risky and not recommended for long-term holding.

With this in mind, find a crypto wallet that supports your new digital currency and allows you to control your private key. Create your wallet, find its deposit address and then transfer your crypto from the exchange into your wallet. The transaction limits on these exchanges may also be too low for your needs, so anyone looking to sell a large amount of bitcoin should consider an over-the-counter OTC trade.

OTC trades are those that take place away from a conventional, regulated exchange, and they offer a simpler and more cost-effective sell bitcoin for usd atm to buy and sell large amounts of bitcoin. Check out our OTC cryptocurrency trading guide for more info on how this type of trading works. You can do this by asking yourself a few important questions:. This should help you decide how you want to sell your bitcoin, and you can then figure out which platform has all the features you need.

When comparing your options, make sure you consider:. There are several other important features to consider, such as where an exchange is regulated and the payment methods accepted by peer-to-peer trading sites, so check out our cryptocurrency exchange guide for more tips on how to choose the right platform. Compare ways to sell bitcoin.

The step-by-step guides above take you through the process of selling bitcoin on an exchange. Selling on a cryptocurrency exchange Why might you choose this option? Pros: Convenient, quick and easy, allows you to exchange BTC for fiat or a huge range of cryptocurrencies Cons: Withdrawal fees can sometimes be steep, ID verification process can cause delays This is the most popular option for anyone looking to sell bitcoin. Exchanges act as an intermediary — which means both you and the buyer will need to entrust your funds to your preferred platform, and that exchange will impose trading fees to take a cut of each transaction.

Using an exchange means you have the option to either turn your bitcoin into USD and withdraw the funds to your bank account or exchange your BTC for just about any other cryptocurrency in existence. Selling through a peer-to-peer platform Why might you choose this option?

If you want to set your own price and enjoy greater control over the sale process. Pros: Could help you get a better price, provides you with more flexibility and control over the sale process, may offer increased privacy Cons: Can take time to find a buyer, risk of fraud when dealing with private buyers Peer-to-peer trades, which are sometimes also referred to as direct trades, offer the option of selling your bitcoin to another person.

Online peer-to-peer marketplaces give you more freedom and control over the specifics of the transaction — you can set your price, nominate how you want to receive payment, and then wait for the right buyer to come.

For example, while some platforms only accept online bank transfers, sites like LocalBitcoins accept everything from cash and credit cards to PayPal and Western Union transfers. The registration process varies from platform to platform, but some peer-to-peer marketplaces allow you to trade with a certain level of anonymity.

Selling via a bitcoin ATM Why might you choose this option? If you want a quick and easy way to turn your bitcoin into cold, hard cash. Pros: Quick and easy, a fast way to cash out your bitcoin when you need fiat currency Cons: Bitcoin ATMs particularly those that let you sell BTC can be difficult to find, and have high transaction fees Bitcoin ATMs allow you to deposit cash and convert it to bitcoin.

However, some of these ATMs also allow you to transact in the opposite direction — in other words, convert your BTC balance into fiat currency so you can withdraw cash. The main advantage of this approach is that it offers fast access to cash, providing an instant way to turn your digital coins into real-world money.

Selling in person Why might you choose this option? Pros: Dealing direct means there are no middleman fees, you can negotiate the price you want Cons: Very risky if dealing with a stranger, more time-consuming than selling online Want to sell some BTC to a friend or family member? If they already have a bitcoin wallet set up, the process is easy.

All you have to do is scan their wallet QR code or copy its address, transfer them the BTC, and either accept payment from them in cash or as a bank transfer. However, you may also be considering selling your bitcoin to a random person, perhaps someone who contacted you through a peer-to-peer marketplace or who you arranged to meet via an online forum.

Taking normal safety precautions, such as arranging to meet in a public place, is also a. The final step is to withdraw the proceeds of your sale into either your bank account or your cryptocurrency wallet.

Options include:. Storing your cryptocurrency on an exchange for the long-term is not recommended. Exchanges control the private keys to these wallets and are also popular targets for hackers, so the safest option is to transfer your crypto into a secure wallet that lets you retain ownership of your private keys. Once again, check whether there are any limits on the amount of crypto you can withdraw per-transaction or in any hour period.

Analyze the market carefully to decide whether you want to sell or hold. Our guide to cryptocurrency technical analysis is a useful tool to help you better understand and read the crypto market. Yes, some multi-currency wallets such as Coinomi and Jaxx come with an in-built exchange service that allows you to quickly swap bitcoin for another crypto within your wallet. Are there any tax implications if I sell bitcoin? Read our guide to find out more about calculating tax on your cryptocurrencies.

How should I set my price if selling bitcoin on a peer-to-peer marketplace? Look at the current sell offers listed on your chosen platform to get an idea of the average price. Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks — they are highly volatile and sensitive to secondary activity.

Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service including its legal status and relevant regulatory requirements and consult the relevant Regulators’ websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Daily cryptocurrency news digest and breaking news delivered to your inbox. Don’t miss out! Andrew Munro is the global cryptocurrency editor at Finder. After previously writing about insurance and other areas, he now covers the latest developments in digital assets and blockchain and works on Finder’s comprehensive range of guides to help people understand cryptocurrency. Click here to cancel reply. I prefer selling bitcoins and other cryptos on a website called CryptoExMart.

Never seen an exchange company that pays faster. Optional, only if you want us to follow up with you. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. While we are independent, the offers that appear on this site are from companies from which finder. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site.

While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. What is the blockchain? Bitcoin alternatives Mining. How to sell bitcoin A simple guide to cashing out your bitcoin for US dollars or another cryptocurrency.

Andrew Munro. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering.

It is not a recommendation to trade. Enter the amount of BTC you want to sell. Review transaction details. Go to site View details. Wire transfer Online banking. Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Your capital is at risk. Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro’s global site. US Cryptocurrency Exchange. Trade with USD on Binance. Non-US residents can read our review of Binance’s main exchange .

Ask an Expert

Coinbase and Circle are both prominent and feature-rich exchanges which allow you to tam Bitcoins for USD. Jordan Tuwiner Last updated December 20, While compensation arrangements may affect sell bitcoin for usd atm order, position or placement of product information, it doesn’t influence our assessment of those products. Your email address will not be published. We may receive compensation from our partners for placement of their products or services. Find the currency pair you want to trade and then enter the full details of your sale.