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bitcoin $87959.907984 USD
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$521.483386 USD
-2.87%
A complete tutorial on selling Bitcoin for cash
To sell your Bitcoin for cash, choose a reputable exchange like OKX or Binance, verify your identity, set up your bank account, initiate a cash withdrawal, review and confirm the transaction, wait for the funds to arrive in your bank, and collect the cash from an ATM or bank branch.
Oct 21, 2024 at 06:53 am
- Select a reputable exchange that supports Bitcoin withdrawals and cash withdrawals.
- Consider factors such as security, fees, and convenience.
- Recommended exchanges: OKX, Binance, Coinbase
- Complete the exchange's verification process by submitting personal information.
- This involves providing proof of identity (ID card, passport) and address.
- Add your bank account information to the exchange.
- Ensure that the account is linked to your verified identity.
- Navigate to the exchange platform and select the "Sell" option.
- Enter the amount of Bitcoin you wish to sell.
- Choose the "Cash Withdrawal" option as the withdrawal method.
- Review the transaction details carefully, including the exchange rate, fees, and withdrawal amount.
- Confirm the transaction to initiate the withdrawal process.
- The exchange will process the withdrawal and transfer the funds to your designated bank account.
- Withdrawal times may vary depending on the exchange and your bank's processing speed.
- Once the funds have reached your bank account, you can withdraw cash from an ATM or visit a bank branch.
- Bring your ID for identification purposes.
- Monitor market rates to sell your Bitcoin at an optimal time.
- Consider using a Bitcoin wallet to store and manage your Bitcoin securely.
- Follow the exchange's security measures, such as enabling two-factor authentication.
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！
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