techwithmuchiri
Advertisement
  • Home
  • Reviews
  • Smartphones
    • Android
    • Apple
  • HOW TO
  • Tech News
  • Tech Explained
  • OPINIONS
  • ENTERTAINMENT
No Result
View All Result
  • Home
  • Reviews
  • Smartphones
    • Android
    • Apple
  • HOW TO
  • Tech News
  • Tech Explained
  • OPINIONS
  • ENTERTAINMENT
No Result
View All Result
techwithmuchiri
Home Featured

How To Sell Bitcoins for Cash

Muchiri by Muchiri
July 6, 2022
in Featured, How To
0
Bitcoins
Share on FacebookShare on Twitter

Bitcoin is a decentralized digital currency that one can buy, sell, and exchange directly, without the need of having an intermediary like a bank. I’m sure that by now you’ve already heard about Bitcoin’s price decrease over the past couple of months.

One of the reasons as to why Bitcoin is that volatile is due to its limited supply and its lack of a central bank to control that supply, precisely the features that give it value. In this article I’ll break down a couple of ways in which you can convert your bitcoins into fiat currency or in other words, cash.

Where to sell your Bitcoins for Cash?

1) Through a Cryptocurrency Exchange

This is an online marketplace where you can easily buy or sell cryptocurrencies such as Bitcoin and Ethereum with cash. Using an exchange is among the quickest and easiest ways to sell your Bitcoin, and there are a couple of them to choose from, including Binance, Kraken, KuCoin, Bitfinex, Coinbase and Bitlipa .

In order to carry out the exchange you’ll first need to create an account with your desired exchange, you may be required to prove your identity. You’ll also need to transfer the Bitcoin you want to sell to your exchange wallet. After this, the process should be pretty straightforward.

Many exchanges allow you to enter how much Bitcoin you want to sell, select your desired withdrawal method, and then confirm. Note that there are charge fees for buying and selling crypto, so it’s worth checking out the fees you’ll incur on a given exchange before making a sale.

2) Through a P2P Trade

A P2P or person-to-person trade can be conducted online via specific websites or on certain decentralized exchanges. In P2P, an individual can post their buy or sell order on their desired P2P platform in the hope that another buyer or seller will be able to meet this order.

In the event that you find a buyer to meet your order, a trade can be initiated at the agreed upon price. Alternatively, you can simply look through the pre-existing orders to see if any of them suit you. If you’re looking to sell your Bitcoin via a P2P trade, use a trusted platform, such as, Binance LocalBitcoins, Bybit, Coindirect, or Paxful.

3) Through a Bitcoin ATM

These are not your typical ATMs, rather, they are used to buy and sell Bitcoins an in some cases other altcoins. When selling some of your Bitcoin funds, Bitcoin ATMs often provide a QR code associated with the Bitcoin wallet address your BTC will be sent to.

You may also need to verify your identity using some form of ID or a similar document. After the sale completes, you can either withdraw physical cash from the ATM, or you’ll receive a redemption code. Remember, Bitcoin transactions are not instant and can take some time to process, so you may have to wait a little while to get your money.

Join us on Telegram
Previous Post

Xiaomi 12S Ultra launched with Leica lens

Next Post

How to Maintain Your Non-Removable Laptop Battery

Muchiri

Muchiri

Working on my bio. Check again after ten years.

Next Post
Internal Battery

How to Maintain Your Non-Removable Laptop Battery

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Apple WWDC22

IOS 16 Public Beta Now Open – Here’s how to install it

July 22, 2022
Xiaomi Redmi 12 Series

Xiaomi Redmi Note 12 Series Launched In China

October 27, 2022

Most Popular

Oppo Kenya Set To Unveil The Oppo Reno 8T Series Next Week
Android

Oppo Kenya Set To Unveil The Oppo Reno 8T Series Next Week

February 7, 2023
Google Bard: Google’s Answer To ChatGPT Launched
Tech News

Google Bard: Google’s Answer To ChatGPT Launched

February 7, 2023
Twitter Set To ‘Sunset’ Original Blue Badge Verification In A Few Months
Tech News

Twitter Set To ‘Sunset’ Original Blue Badge Verification In A Few Months

February 4, 2023
  • About Us
  • Contact Us
  • Privacy Policy
Email us: [email protected]

© 2023 Tech With Muchiri .

No Result
View All Result
  • Home
  • Reviews
  • Smartphones
    • Android
    • Apple
  • HOW TO
  • Tech News
  • Tech Explained
  • OPINIONS
  • ENTERTAINMENT

© 2023 Tech With Muchiri .

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT