How to Sell Bitcoin to Your Bank Account

As a blockchain-based digital currency, BTC cannot be transferred straight to your bank account. However, you can sell Bitcoins for cash and then transfer your funds to your bank account. Through BTC platforms such as NakitCoins, selling BTC for cash is a simple procedure that is also fast.

How to sell BTC to your bank card with NakitCoins

With NakitCoins, you can sell BTC and have the funds transferred straight to your bank card almost instantly. The two main currencies that you can use for this transaction are the US dollar and the euro. These currencies allow you to sell your bitcoins for cash immediately if you have an urgent need for fiat cash.

You only need to choose the currency to match with your bank card currency, and you are good to go. Following this procedure will help you steer clear of your bank’s currency conversion fees.

Depending on the nature of the trade, you may also be asked to provide your cardholder information. When this information is required, it’s your responsibility to ensure that you provide accurate data. There is no KYC involved in the transaction.

What is the best way to sell bitcoins?

Exchange platforms offer the easiest automated means to sell your BTC for cash. Exchanges act as middlemen who automatically sell cryptocurrencies for investors that deal in BTC. On some exchange platforms, you can even directly exchange one crypto coin for another.

The question is: do any banks accept bitcoins? Well, some do. Ally Bank is one of the crypto-friendly online banking institutions that allow people to link their bank account to Coinbase and buy BTC with their credit cards.

As of early February, the price of bitcoins is continuing to surge despite the global pandemic. The skyrocketing trend in the world’s most popular cryptocurrency is driving investors crazy. A great many people have profited from the recent price increase in bitcoins. Bitcoin remains one of the most valuable digital commodities by market cap.

It’s natural for HODLERS to want to sell their BTC for cash at a point in time when they need money. If you can sell your BTC quickly, you can profit from your investment when the market is booming. Selling bitcoins doesn’t have to be difficult these days. With that being said, beginners may not know where to sell their BTC for cash instantly.

Here are the top 4 simple steps you need to follow in order to sell your BTC without any hassle.

#1 Determine the currency you want to cash out in

For example, if you live in the United States of America, you will probably want to sell your BTC for US dollars, and not in euros. This is important because some BTC exchanges don’t support withdrawals in USD.

#2 Create an account on the selling website

When the BTC selling platform supports withdrawal in your local currency (say USD or EUR), then you can proceed to create your user account on their website. There are thousands of cryptocurrency websites where you can create accounts and sell your BTC. Popular Bitcoin platforms include NakitCoins, and exchanges such as Coinbase and Binance.

 Localbitcoins also has a large marketplace for people to buy and sell bitcoins globally. You can also visit a BTC ATM near you to sell your BTC  easily. Investors who choose to go with bitcoin exchanges may have to create and verify their accounts before they can transact in bitcoins.

#3 Transfer your BTC to the selling platform

Having signed up for a BTC-selling platform, you will need to make a deposit into your Bitcoin wallet. A potential buyer will then provide you with their wallet address. Scan that address and transfer the amount of BTC you want to sell for cash.

#4 Place a sell order

Set your price and wait for buyers to connect with you. On the other hand, you may decide to click on other trader’s buy orders to sell your BTC.

Bitcoin buying and selling procedures differ from one platform to the other. But, generally, once you choose a trusted platform, selling or buying bitcoins is easy-peasy. Want to make money while staying at home? Join the crypto movement and trade BTC for cash now.