People who want to sell their bitcoins for cash in the form of fiat currencies such as US dollars, Euros, or others have several options to do so securely, both online and offline. Here is everything you need to know about how to sell Bitcoin (BTC) safely.
How Do You Sell Bitcoins Safely Online?
Before you think about selling BTC online securely, you may first want to ask yourself a few important questions such as “What means of payment do I prefer?”.
There are several different payment options to choose from such as withdrawal to your PayPal account, bank account, or even cash. Decide on how you want to get paid, and then find a crypto platform that offers the payment option you need.
Different BTC exchanges offer varying payment methods, fees, and exchange rates, which means it is necessary to conduct good market research before picking the right exchange. Furthermore, there is the issue of taxation that you may want to take note of.
Make sure that you understand your country’s tax policies on crypto, and whether you need to keep authorities informed about the sale. In countries where cryptocurrencies are not regulated, you can buy and sell crypto on decentralized exchanges without any third-party notice.
While some countries have not yet drafted clear guidelines on crypto trading, others have very strict rules. You may want to consult a CPA in your jurisdiction for their opinion on crypto tax issues.
How to sell BTC to your bank card with NakitCoins
Want to sell BTC for cash ASAP? Go to this site for more information on how to sell Bitcoin safely. NakitCoins allows you to sell your BTC to your bank account safely. Whether you want to send money to your friend or family member at low fees using BTC, you can do that securely and online with NakitCoins.com, Turkey’s leading crypto platform.
Selling BTC and receiving your funds to your bank account is probably the fastest option available if you need cash instantly.
Using NakitCoins, you can sell BTC and receive your funds to your bank account (via your bank card) without any hassle. Two main currencies are supported for this type of transaction; you can sell bitcoins for cash ($ or €). Make sure you choose the currency matching your card currency before proceeding in order to avoid bank conversion fees.
You may also be asked to provide the bank card holder’s details. Kindly verify that the card information is correct. The good news is that No KYC is required to use this service. Selling BTC with PayPal
It’s also possible to sell BTC and receive funds into your PayPal account. Elon Musk of Tesla and PayPal is very passionate about Bitcoin and crypto in general. However, due to chargeback protection concerns, buying with BTC with PayPal can be a risky business.
Having said that, you can sell BTC through PayPal on Coinbase, Localbitcoins, and other reputable crypto exchanges. Serving over 100 countries worldwide, Coinbase allows people in the UK, the US, and the EU to sell their Bitcoins and withdraw funds to their PayPal accounts. You only need to link your PayPal account to your Coinbase account to carry out this transaction.