Trading crypto coins can be risky, but the profits can be worth it. Nowadays, it is effortless to start buying and selling cryptocurrency. There are plenty of P2P websites and exchange account sites that allow users to buy and trade bitcoin.
If you have been wondering where I can sell cryptocurrency or how to sell crypto coins, then you’re in the right place. This guide will share tips on how to sign up for an exchange account or P2P website. You need to buy crypto before selling. We will also cover the various steps to follow when selling your crypto.
Exchange accounts are crypto websites that offer a plethora of services. Some of the services provided include buying crypto, selling crypto, and coin swapping. Aside from that, most exchange sites offer free wallet services.
If you’re new to crypto and still learning how to sell bitcoin on a blockchain app, we would suggest that you sign up for an exchange account. The process is pretty straightforward and doesn’t take long. Only your email address is required during signup.
After a successful signup process, some websites will require you to verify your account before making or completing any transaction. Other platforms such as Nakitcoins will only require you to show proof of identity when completing transactions.
Once you have bought some crypto coins, be it bitcoin, ethereum, or any other altcoin of your choice, you have two options. The first is to hold onto your coins and wait for a rise in value and then sell. The second is to hold onto your coins for as long as possible and only leverage them when need be.
P2P websites are designed for experienced crypto users. Herein, you will find merchants selling crypto coins. Most P2P sites have tags such as “we sell crypto.” You, too, can join a P2P site as a merchant and learn how to sell crypto coins.
If you already have some coins in your crypto wallet, the process is easy. You will advertise your rates on the platform and any interested buyer will approach you to close a deal. P2P websites often use escrow accounts to avoid cases of scamming.
The buyer’s money will be held in an escrow account during the transaction. Once the buyer confirms that they have received the crypto coins to their private wallet, the money will be released from the escrow account and sent to you.
If you search for “How to sell cryptocurrency?” on Google, you will get listings of top P2P sites and exchange accounts. Before signing up on any of them, ensure you do your research. Review the rates they charge for transactions. You are in business, and high transaction fees will only mean that your profits will be lower.
Also, make a point of joining online crypto forums. Therein, you will get a ton of info regarding the business of buying and selling bitcoins and other altcoins. You also need to learn how to read the markets and create a captivating sales pitch, especially if you’re using P2P platforms.