Trade Bitcoin today
Trade Bitcoin today
- Trade BTC & 70+ other cryptoassets
- Join a community of 25+ million
The best way to sell Bitcoin is through a cryptocurrency exchange. If the assets are already on an exchange, then skip to step 4. Otherwise, you will need to deposit the coins or tokens on an exchange to sell on the market.
There are a variety of factors to consider when selling BTC. Before registering on an exchange, be sure to check that the asset is listed on the platform and that your desired fiat currency is supported for withdrawing to a bank account. Compare exchanges to find the lowest deposit fees, withdrawal fees and trading fees to maximize the fiat received.
Choosing where to sell Bitcoin depends on a few main factors. Cryptocurrency exchanges offer different fees for depositing assets, but it should be free to deposit BTC apart from the Bitcoin network fee. You should take into account trading fees for selling BTC when choosing where to sell as well. Reasonable trading fees range from 0%-0.5% per trade. The final factor to consider when selling Bitcoin is the withdrawal fee for cashing out to a bank account. Some exchanges charge a flat rate while others charge a percentage. Look for an exchange that either has no withdrawal fees or charges a low flat rate.
Once you have chosen a cryptocurrency exchange to sell your Bitcoin, you will need to create an account. Find the sign-up or register button on the homepage then do the following:
You will then have to go through the KYC process to verify your identity. We've outlined the basic steps below, but more in-depth instructions can be found in our KYC-guide.
The next step is to deposit your BTC on the exchange in order to sell it. In order to do this, follow these steps:
Now that your Bitcoin is in your exchange account, you can sell it. There are a few different ways to sell BTC through an exchange: instant sell, market order and limit order. It is important to remember that you can sell Bitcoin for fiat or for other crypto coins and tokens.
In order to do an instant sell, you will have to have previously connected a bank account or withdrawal destination. Instant sales tend to have the highest fees and are made at market price. Overall, you net less than using the spot market. With instant sale options, you are paying for convenience and speed. Generally, you choose how much to sell and where to deposit. You will get a preview of the transaction so you can check the details. Once you've confirmed the details, you can finalize the sale.
In order to access the market and limit orders on a crypto exchange, you will need to navigate to either "spot trading", "trade" or "markets". How the trading interface is labeled varies by exchange. While there are often more trading options than just market and limit orders, they are the most common. When selling Bitcoin through spot trading, you can sell it for fiat pegged stablecoins or other digital assets.
If using a market order, simply choose how much BTC to sell and then place the order. If using a limit order, choose how much BTC to sell and at what price, then wait for the order to be filled. You can cancel your order at any time if it's unfilled.
When trying to sell Bitcoin through a platform that permits fiat currency withdrawals, check to see what withdrawal methods are supported. Options could include the following:
When choosing an exchange and withdrawal method, make sure to consider the following:
The best way to sell Bitcoin is subjective and varies based on your circumstances. What works well for one person might not be a good fit for the next. Instead, it's about working out which option is the right choice for you. You can do this by asking yourself a few important questions:
These questions should help you decide how you want to sell your Bitcoin, and you can then figure out which platform has all the features you need. When comparing different cryptocurrency exchanges, make sure you consider the following:
There are several other important factors, such as where an exchange is regulated and the payment methods accepted by peer-to-peer trading sites. For a full breakdown of the features to look out for, check out Finder's cryptocurrency exchange guide and discover tips on how to choose the right platform.
Peer-to-peer or P2P marketplaces are one of the most popular alternative ways to sell Bitcoin. P2P exchanges require no identity verification, allow you to browse through buyers and see offers for each type of accepted payment method. They also do not require you to give up custody of your funds.
To sell your BTC on a P2P marketplace, you simply register, post what you have for sale, how much you want for it and acceptable payment methods. You will need to note any extra fees as well. Then you wait for a buyer to contact you. P2P sales are done using arbitrators and escrow and are surprisingly safe to do.
There is a P2P marketplace built into Binance, but there are other options such as Localbitcoins. Be sure to research any P2P marketplace before using it. Fees for selling on P2P marketplaces vary, but Binance and Localbitcoins both charge 0%. This does not include any fees you as the seller set for the buyer.
Bitcoin ATMs are an increasingly common sight around the world. These kiosks used to only allow the purchase of BTC with a credit or debit card. Nowadays, they often allow for both purchases and sales. However, Bitcoin ATMs are no longer allowed to operate in the UK. In March 2022, the Financial Conduct Authority (FCA) issued a termination order for Bitcoin ATMs, citing a lack of regulatory structure and the high risks associated with cryptocurrencies. Before they were removed from the UK market, you would have typically found fees charged through Bitcoin ATMs were often higher than any other option, with 6.5% being considered low and the average around 10%. So they were never really the recommended option for selling BTC anyway.
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
A panel of industry specialists give us their predictions on the price of Bitcoin to 2030.
Learn how to buy Bitcoin in the UK with our simple step-by-step guide and tips on what to know before you get started.
Is Bitcoin mining still a profitable venture? In this article we explain the basics, outline the steps involved and discuss the costs to consider.
Want to buy a large amount of bitcoin? This guide takes a look at the easiest and cheapest ways to spend big on cryptocurrency.
Want to ramp up your Bitcoin knowledge? Bitcoin was the world’s first-ever digital currency and blockchain. Follow our easy-to-understand guide on what Bitcoin is, how it works and where to buy it.
We’ve rounded up the statistics on Bitcoin, the first and largest cryptocurrency.
What exactly is the difference between Bitcoin and Ethereum? A beginner’s guide to Bitcoin vs Ethereum.
Here are 8 legitimate ways to earn free Bitcoin. See which methods interest you, find out how to get started and grow your digital wallet.
A round-up of the most common crypto scams and how to detect and avoid them.
If you want to buy cryptocurrency without ID in the UK, find out everything you need to know in this guide on how to buy bitcoin anonymously.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.