How can I sell the Bitcoin I hold? Bitcoin Selling Transaction Tutorial

If I hold Bitcoin and want to sell it, I can follow these steps: First, choose an exchange platform that supports Bitcoin trading, such as Coinbase or Binance, and create an account. Second, connect your bank account to withdraw your earnings. Then, go to the transaction page and enter the sale information, including the Bitcoin amount and price. Finally, confirm the transaction and withdraw funds.

How to sell Bitcoin held by individuals?

Step 1: Choose a trading platform

• Trading platforms such as Coinbase, Gemini and Binance support Bitcoin trading.
• Choose a platform based on cost, security, and user-friendliness.

Step 2: Create an account

• Register an account on the chosen platform.
• Provide personal information, identity verification and bank account details.

Step 3: Connect Bank Account

• Connect your bank account to the trading platform.
• This will allow you to exchange Bitcoin for fiat currency and withdraw cash.

Step 4: Place a sell order

• Enter the trading page of the platform.
• Enter the amount of Bitcoin you want to sell and a limit or market order.
• Limit orders allow you to set a specific price, while market orders sell at the current market price.

Step 5: Confirm Transaction

• Double check the order details including quantity, price and fees.
• Click the "Sell" button to confirm the trade.

Step 6: Withdraw

• Once the Bitcoin is sold, you can withdraw the proceeds to your bank account.
• Enter the withdrawal amount and confirm the transaction.

Note:

• Understand the capital gains tax consequences before selling your Bitcoin.
• Always use a reputable trading platform and keep your account secure.
• Monitor Bitcoin prices as they can fluctuate.
• Consider selling Bitcoin in stages to reduce market risk.

The above is the detailed content of How can I sell the Bitcoin I hold? Bitcoin Selling Transaction Tutorial. For more information, please follow other related articles on the PHP Chinese website!