Sell Bitcoins in the United States If you live in the US, CoinBase is the easiest way to sell Bitcoin for cash. CoinBase allows users to buy. It's now easy to sell Bitcoin as a Paxful vendor. You have the freedom to set your own rates, and also the luxury of over payment options to get paid for. Recommend Paxful and get rewarded when your friends and family buy and sell Bitcoin. Sign up to start earning. Learn more · Get Started. Showing Offers. ETHEREUM POKER APP

Once you confirm your email address, you will usually be asked to complete an identity verification process. This generally involves providing personal information, proof of address, and uploading a copy of a government-issued photo ID. Some exchanges may also require an extra step to prove that the ID you are uploading is actually yours.

Generally, this involves taking a photo of yourself holding your ID with a webcam or phone and submitting the photo to the exchange. User verification can take from a few minutes up to several days, depending on the exchange and the level of verification required. Exchanges often offer tiered verification levels, with lower tiers requiring less information.

Lower verification tiers, however, usually come with lower deposit and withdrawal limits. After completing the verification process, you can fund your trading account using the available funding options and start to buy and sell cryptocurrencies.

How Does It Work? A cryptocurrency exchange is an online marketplace where users buy, sell, and trade cryptocurrency. Crypto exchanges work similar to online brokerages, as users can deposit fiat currency such as U. Users can also trade their cryptocurrency for other cryptocurrencies, and some exchanges allow users to earn interest on assets held within the exchange account. When choosing a cryptocurrency exchange, there are several things to consider, including security, fees, and cryptocurrencies offered.

It is also important to understand how your cryptocurrency is stored and whether you can take custody of that cryptocurrency by transferring it to your own digital wallet. Cryptocurrency exchanges also come in centralized and decentralized formats. Centralized exchanges closely align with financial regulations from governmental authorities such as the U.

Securities and Exchange Commission. Many will insure U. Decentralized exchanges are unregulated online exchanges hosted on distributed nodes that are user-owned, and there is no centralized governing authority. While this may sound scary, decentralized exchanges offer transparent transactions and fees as well as direct peer-to-peer exchange of cryptocurrency. How Do You Buy Cryptocurrency? Most centralized exchanges allow you to deposit funds via your bank account, credit card, or debit card to purchase cryptocurrency.

You can then exchange those funds for the cryptocurrency of your choosing. While some offer only simple market orders, other exchanges will allow you to set more advanced order types, including limit and stop orders. Once you purchase crypto through an exchange, the exchange typically holds it in a custodial wallet.

To open an account, most cryptocurrency exchanges require you to provide your name, email, personal information, and proof of identity to follow KYC standards. Once your account is approved, you can then deposit funds and start purchasing cryptocurrency.

Here's how it works: Visit our official Sell Bitcoin page. Select bitcoin cash BCH. Choose the currency you'd like to receive, and enter the amount either in local currency terms or bitcoin cash terms. Carefully review the order, then add your wallet address and click Continue.

Complete the sale process by entering your bank details and sending your bitcoin cash to the address provided. Note: Once you've sold. Selling bitcoin cash on a centralized cryptocurrency exchange With this method, you'll need to create an account, verify your identity, and connect your bank account. Once you've sold your bitcoin cash into local currency, you can withdraw that currency to your bank account.

The typical flow is as follows: Visit a cryptocurrency exchange like the Bitcoin. Create an account and verify your identity as required. Withdraw the funds to your bank account. Note that each centralized cryptocurrency exchange can only provide its services to people in specified regions. Here's a list of countries excluded from the Bitcoin. Selling bitcoin cash on our peer-to-peer trading platform Bitcoin. Like other P2P marketplaces, Bitcoin. People can use Bitcoin.

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