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how to sell bitcoin from exodus wallet
Selling Bitcoin from Exodus Wallet is easy via the in-built exchange, or more versatile through an external exchange, but consider fees, security, and potential tax implications.
Nov 03, 2024 at 05:20 pm
How to Sell Bitcoin from Exodus Wallet: A Step-by-Step Guide
Exodus Wallet is a well-known cryptocurrency software wallet that allows users to buy, sell, store and exchange various cryptocurrencies including Bitcoin (BTC). Selling Bitcoin from Exodus Wallet is a relatively straightforward process but can vary depending on the preferred exchange method and destination. Here's a step-by-step guide outline both the easiest and most versatile ways of selling Bitcoin via Exodus.
Method 1: Using the Exodus In-Built Exchange (Easiest)
1.Set up an Exodus account: Install the Exodus wallet on your device and create an account if you haven't already.
2.Fund your wallet: To sell Bitcoin, ensure your Exodus wallet contains the amount of Bitcoin you wish to sell minus any fees.
3. Navigate to the exchange tab: On the Exodus interface, click on the "Exchange" tab.
4. Select a destination: Choose the cryptocurrency or fiat currency (e.g., USD, EUR) you want to receive in exchange for your Bitcoin.
5.Specify the amount: Enter the amount of Bitcoin you want to sell or select a preset percentage.
6.Submit the order: Review the transaction details and click on the "Exchange" button to initiate the trade.
7.Confirmation: The exchange will be executed once confirmed, and the proceeds will be credited to your chosen destination account within a short period.
Method 2: Via an External Exchange (Most Versatility)
1.Create an account on a cryptocurrency exchange: Choose a reputable platform, such as Binance, Coinbase, or your preferred exchange.
2.**Link your Exodus wallet: Connect your Exodus wallet to the exchange by providing the necessary information or scanning a QR code.
- Transfer your Bitcoin: Send the Bitcoin you want to sell from your Exodus wallet to the exchange's receiving address.
4.Sell your Bitcoin: Navigate to the exchange's trading interface, select the BTC/desired currency pair. Enter the amount of Bitcoin you want to sell or set up a market or limit order, and execute the trade.
5.Withdraw funds: Once the trade is completed, withdraw the proceeds to your bank account or other desired destination.
Additional Considerations:
- Fees: Both Exodus and external exchanges may charge fees for transactions. It is important to check the fee structure before selecting a method.
- Security: Ensure your Exodus wallet is secure with a strong password or 2FA. When using external exchanges, verify the platform's trustworthiness and security measures.
- Taxes: Depending on your location, selling Bitcoin may be subject to taxes. Consult with a tax professional for guidance.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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