According to NASDAQ, over 100,000 wallets now own a large sum of Bitcoin. And even people who only own a small share of Bitcoin are now making hundreds of dollars in return. So if you’re one of the lucky ones who own Bitcoin, you may wonder what you can do with it.
While most people decide to HODL their Bitcoin, some choose to sell Bitcoin at a good return price. Today, we will help you learn how to sell Bitcoin and reap its lucrative returns.
1. Use a Bitcoin ATM
Most Bitcoin holders have no idea that they live near a Bitcoin ATM. At these ATMs (usually with a sign indicating “sell Bitcoin ATM”), you can buy and sell Bitcoin at a good exchange rate. Of course, each ATM may have slightly different rates, so be sure to check a few before selling your Bitcoin to make sure you get the best price.
So, how can you sell Bitcoin at these ATMs? You simply need to create an account at the ATM, then transfer your funds from your crypto wallet onto the company’s ATM. You’ll also need to provide a bank account so that they can transfer your profits.
If you live in Cahokia, IL, be sure to check out this location for your nearest Bitcoin ATM.
2. Sell Bitcoin for Cash
There is another way you can sell Bitcoin without needing to look for a Bitcoin ATM, and that is by selling it for cash. Numerous buyers prefer to buy and sell Bitcoin in person rather than using an app or ATM. There are plenty of reputable forums where people advertise how much they want to buy and how much they’re willing to pay.
Of course, be extra cautious when selling Bitcoin this way, as sometimes they may be scams. Be sure to perform a background check on the user to make sure they are a legit buyer.
3. Use an Exchange App
Perhaps the simplest way to sell Bitcoin is using a coin exchange app like Coinbase or Robinhood. These apps allow users to sell Bitcoin at a click of a button, which makes it great for busy people. So what must you do to sell Bitcoin on these apps?
Here are the steps:
- Download the app you prefer
- Create an account by providing legal documentation
- Add your bank information
- Select the quantity of Bitcoin you want to sell
These apps are quite safe and reliable to use, so you shouldn’t feel worried that you’re being scammed. Of course, you may get less for the Bitcoin you sell since they take out a certain percentage when doing the transaction.
Sell Bitcoin With Ease
As you have seen, learning to sell Bitcoin is quite simple and takes only a little of your time. But, of course, be sure to monitor the market to make sure you sell at a good rate and don’t sell all of your Bitcoin unless you have to. So, don’t wait any longer, and enjoy the amount of money you’ll earn by selling your Bitcoin!
Did you find this post informative? If so, be sure to check out our other crypto-related articles. Without a doubt, you’ll find another one that’ll pique your interest!