The majority of users need to cash out cryptocurrency. Most traders sell Bitcoins through exchanges and exchanges. This method is most often chosen primarily for its speed, convenience, and safety. Now an increasing number of people have become owners of cryptocurrencies since this topic is heard and arouses great interest in society.

Sales methods

There are several main options for where to sell bitcoins:

• online services for the exchange of cryptocurrency;
• trading platforms (exchanges) of digital currencies;
• P2P exchanges;
• specialized ATMs and terminals;
• sale directly to individuals.

The easiest and most convenient way to sell bitcoins is through a cryptocurrency exchange. This is a place where thousands of traders gather and exchange cryptocurrencies at the current rate. Exchanges differ in different rules for depositing and withdrawing cryptocurrencies, and you need to read them carefully before registering on the exchange. On the exchange, bitcoins can be sold for fiat money or exchanged for another cryptocurrency. Often, the second method turns out to be more profitable because the altcoin rate can grow faster.

Also Read: What Are the Bitcoin Price Perspectives?

To sell bitcoins on an exchange, it is sometimes not enough just to register on it. To carry out transactions with real money, the exchange may require verification, i.e., verify the user’s identity. After confirmation, additional functions of the exchange become available to users, often including buying and selling cryptocurrency using a bank card. Thanks to this, the trader will never again have any questions about where to sell bitcoin, he will be able to withdraw money to his bank account in a matter of minutes.

Major cryptocurrency exchanges

The Binance cryptocurrency exchange is one of the new platforms for working with digital coins, which has been quite successful and active in the market since 2017. Low commissions, high productivity, the ability to work with professional trading tools for advanced technical analysis of the market, a convenient mobile version of the terminal – all this distinguishes binance from competitive resources.

Kraken, a cryptocurrency exchange that has been successfully operating on the market since 2011, is today one of the most popular platforms for trading coins among traders worldwide. Kraken is one of the ten best such resources, ranking first in terms of the trading volume of the BTC / EUR pair and 7th in terms of daily turnover. The company gained great popularity since it pays great attention to the quality of service and safety issues.

Also Read: A Guide How to Send Bitcoin from Coinbase

Coinbase is one of the most popular digital coin resources among traders, offering the user free, reliable crypto wallets and a functional platform for full-fledged currency trading. Informative official website, quick withdrawals, professional support managers, etc. – all these factors make interaction with the platform comfortable.

To profit from cryptocurrencies, you need to not only have digital gold but also know how to sell it on time. By themselves, the coins have practically no value and turn into profit only when it is possible to exchange them for real money. Therefore, every participant in the cryptocurrency market should know how to sell bitcoin profitably.

Bitcoin is the electronic equivalent of real money. In fact, bitcoins are a new digital payment system with the ability to instantly transfer online, which allows you to make purchases, pay for services and even invest. Despite its specificity, in particular, the absence of any control from banks and institutions, bitcoin is a very secure electronic currency.

Cryptocurrency exchanges

Crypto exchanges are used when it comes to full-fledged trading. Pros – extensive trading functionality, relative reliability, seriousness. Cons – high commission, increased complexity, reduced security. Crypto exchanges are analogous to classic stock exchanges, only trading is carried out not in shares, but in virtual assets. How to Buy Bitcoin in India? Let’s take a look at the most popular cryptocurrency exchanges.

Binance was founded not so long ago – in 2017, and already in 2018, it became the largest crypto exchange in the world. Now the daily volume of transactions here exceeds $ 42.5 billion. In total, 351 cryptocurrencies are presented on the platform. Withdrawal of funds – to a bank card without commission. However, do not forget that the bank may charge a deposit fee.

Coinbase is an online cryptocurrency broker and exchange. Thus, on this platform, you can buy various cryptocurrencies, including the 10 most popular and largest in terms of market capitalization. Coinbase has been around since 2012 and is the oldest cryptocurrency broker and is currently one of the most popular.

Also Read: How to buy bitcoin in Canada- user’s guide

WazirX is a popular cryptocurrency exchange in the Asia-Pacific region. It is the leader in terms of user base and trading volume in India. At the end of 2019, the site was acquired by the international trading platform Binance. This made it possible to launch several Fiat to Crypto gateways (exchange of cryptocurrency for traditional money). Users can also log into WazirX through Binance to use the P2P system without fees.

Bybit cryptocurrency exchange was founded in 2018. Today the exchange is in the TOP-5 in terms of daily trading volume on the derivatives market. Bybit users have access to spot trading, inverse, and USDT futures. The main specialization of the exchange is trading perpetual derivative contracts for cryptocurrencies.

Also Read: How to Buy Bitcoin in Pakistan: A Guide for Beginners

Investments in cryptocurrencies continue to generate colossal income in 2021 and remain one of the most effective investment tools. The main thing is to know where to buy bitcoin safely and without risks, because the likelihood of losing is also high. Success depends on your knowledge, experience, tactics, analysis, and luck.

The increased excitement around cryptocurrencies is caused by the high popularity of bitcoin. It is recognized by many as a full-fledged settlement instrument. This is a virtual currency. Unlike the dollar or the euro, it is not backed by material resources. How to buy bitcoin in Canada? The most popular platforms for buying and selling bitcoin are Coinbase and Binance.

Coinbase is a popular American cryptocurrency exchange. It was launched in the summer of 2012 when only a few people knew about cryptocurrencies, and the price of bitcoin was only $ 10. Today, Coinbase is deservedly included in the list of leading cryptocurrency exchanges, has a solid trading volume and high capitalization. The list of partner countries is constantly updated and published on the exchange website. Coinbase is the most conservative and regulated exchange. The company relies on working exclusively in the legal field. Despite these strict rules of operation, users are won over by the high degree of protection of the assets of Coinbase customers. 98% of user funds are stored in offline hardware wallets, and the rest of the cryptocurrency is insured. In the event of any fraudulent activity, Coinbase guarantees its customers a full refund of the lost funds under the insurance policy.

Also Read: How to Buy Bitcoin in Pakistan: A Guide for Beginners

The Binance cryptocurrency exchange entered the world TOPs in terms of trading volume a year after its opening, and at the moment it tops the list of the best cryptocurrency exchanges. Since 2018, the exchange has been the undisputed leader in terms of trading volume and the number of users. Binance has attracted the attention of the entire blockchain community and traders through its low commission fees and a huge number of currency pairs. The key idea of ​​the creator of the exchange is to eliminate dependence on regulators from various states. To do this, the company had to expand, opening branches in different countries. Binance was originally an exchange that specializes in Crypto-to-Crypto transactions, which also helped to avoid dependence on regulators. But, starting in 2019, trading pairs with fiat were added to the exchange.

Bitcoin legal status

As cryptocurrency spreads around the world, people are increasingly wondering: is Bitcoin legal? Due to the fact that the new type of money does not have appropriate regulatory regulation and a specific legal status, the attitude towards bitcoin in different countries varies greatly.

Also Read: How to Buy Cardano: Guidelines for Beginners

The whole essence of the debate regarding bitcoin in the international market and in domestic policy boils down to the absence of a single legislative field within which legal activities with the use of virtual money would be carried out.

Canada is on the list of countries that stimulate the development of bitcoin. These states are developing a regulatory framework with the aim of introducing digital currency into the economy.

Trading Bitcoin is extremely popular among investors in Pakistan. Want to learn more about this investment option, its unique features and benefits, and the platforms offering it in Pakistan? Read our guide. Below, you will also find short step-by-step instructions on how to buy it in a few clicks.

Bitcoin was the first cryptocurrency to get available to investors. It was created more than 10 years ago. It is a widely-known fact that, over this period, its price skyrocketed. As a result, it brought a real fortune to millions of users.

Pakistan is a great place for those who plan to invest in this asset as local rules and laws are not as strict as in other Asian countries.

Also Read: How to Buy Cardano: Guidelines for Beginners

So, why do so many people decide to invest in Bitcoin?

•   Quick transfers (as a rule, only a few minutes).
•   Low transaction fees.
•   No transaction geographical limits.
•   Independence from governments, international finance authorities, banks.
•   Absolute confidentiality and reliable protection of users’ personal information.
•   No risk of freezing or seizing.
•   No risk of hacking attacks (but an investor must take care of the protection of his wallet).
•   Outstanding potential for huge profits.

Also Read: Why Should You Try Forex Brokers with Bonus?

Now, let us explain how to buy Bitcoin in Pakistan. There are three most popular variants ― Binance, Kraken, and ByBit. All of them are safe and comfortable to use. Still, we want to recommend you start from Binance. It is the best choice for beginners as it offers ultimately low transaction fees and an extremely user-friendly interface, which is essential for novice users. Buying Bitcoin via this platform takes just a few minutes ― register, click on the tab “Buy Crypto” on the home page, choose a payment method, choose a sum you want to invest, go through identity verification, complete your purchase. Afterward, you can transfer the cryptocurrency bought to the wallet chosen. For the sake of security, it is advisable to choose a paper or hardware walletrather than a usual online one.