A Quick Read to How to Sell Bitcoin Instantly?
Tags: cryptocurrency, blockchain
Published: 2023-10-20 12:22:06

<p><span style="font-weight: 400;">Regardless of your reason for buying or holding cryptocurrencies, there&nbsp; will usually come a time when you need to sell them for cash. You may need to buy something, pay a bill, or reduce your cryptocurrency holdings. With BitNasdaq, there are several ways to turn your bitcoin (BTC) into fiat currency without much&nbsp; hassle. There are many several ways to <a href="https://www.bitnasdaq.com/blogs/how-can-you-easily-cash-out-your-crypto-assets-and-">sell Bitcoin instantly</a>.&nbsp;</span></p>
<p><span style="font-weight: 400;">Availability of some of these features will depend on your location, but the methods described here will be open to most of our users. Our 24/7 customer support team is always ready to help if you need further information or support.</span></p>
<p><strong>Why you might want to withdraw money?</strong></p>
<p><span style="font-weight: 400;">Withdrawing your bitcoin to fiat is simple with Binance, but there are&nbsp; a few things to keep in mind when doing so. You will likely be subject to some capital gains tax if you make a profit. You will also need to transfer funds from Binance to your bank, which can take a few days. So, even though the process is simple, you need to consider these additional factors. Before withdrawing funds, you may wish to consider the following:</span></p>
<p><strong>Do I turn bitcoin into cash to protect myself from price fluctuations?</strong></p>
<p><span style="font-weight: 400;">If so, there are other options to explore before committing to converting your crypto to fiat. If your goal is to reduce the impact of price fluctuations on your portfolio, you are better off exchanging bitcoin for a stablecoin like BUSD. Stablecoins are designed to maintain the same value as a specific reference asset (such as the US dollar) without requiring users to withdraw funds and pay fees in the process.</span></p>
<p><span style="font-weight: 400;">Can I use cryptocurrency for the payment/transaction I want to withdraw? Your retailer may accept cryptocurrency. Perhaps you can even use a cryptocurrency payment solution. In both of these cases, there will be no need for manual conversion to fiat currency. Choosing to pay with cryptocurrency can often be cheaper than going through the cash withdrawal process with fiat currency.</span></p>
<p><strong>Binance Card</strong></p>
<p><span style="font-weight: 400;">The Binance Card is a great way to use cryptocurrency to pay&nbsp; your expenses. It allows you to use your Binance cryptocurrency balance to make purchases and payments at millions of retailers and service providers. This card is currently available in many countries and more will be available soon.</span></p>
<p><strong>Binance Payment&nbsp;</strong></p>
<p><span style="font-weight: 400;">&nbsp;Binance Pay is another way to pay for goods and services. Here is&nbsp; the essence of this service in a nutshell:</span></p>
<p>&nbsp;</p>
<p><span style="font-weight: 400;">&nbsp;&ldquo;Binance Pay is a simple, borderless, and secure way to send and receive cryptocurrency from your mobile device. You can send crypto to friends and family via email, phone number, Binance ID (UID) or Pay ID without gas fees.</span></p>
<p><span style="font-weight: 400;">If the person, retailer or service provider you want to pay accepts cryptocurrency and Binance Pay then this is a quick and cheap way to pay. For a complete guide, you can check out Binance Academy's explanation of what Binance Pay is and how to use it.</span></p>
<p><span style="font-weight: 400;">However, if you still need to withdraw your cryptocurrency, read on for available methods.</span></p>
<ol>
<li><strong> Sell Bitcoin for cash on Binance's Buy and Sell Crypto page</strong></li>
</ol>
<p><span style="font-weight: 400;">Binance's [Buy and Sell Crypto] page is one of the easiest ways to convert your bitcoins to cash. Simply select [BTC] in the top field and the currency you want to sell&nbsp; in the bottom field. The fiat currency will then be debited from your Fiat and Spot wallets. The [Sell by Card] feature may also be available, allowing you to withdraw funds directly to your credit or debit card.&nbsp;</span></p>
<ol start="2">
<li><strong> Use BitNasdaq P2P and trade directly with P2P sellers</strong></li>
</ol>
<p><span style="font-weight: 400;">Another popular option to withdraw bitcoin is through BitNasdaq through P2P.&nbsp;</span></p>
<p><span style="font-weight: 400;">What is P2P?&nbsp;</span></p>
<p><span style="font-weight: 400;">&nbsp;A P2P is a peer-to-peer marketplace that allows you to directly trade cryptocurrency with other users using your preferred local currency, price, and payment method.</span></p>
<p><span style="font-weight: 400;">Instead of trading on an exchange by placing orders with many other traders, P2P allows you to trade directly with one user. Each P2P trader can offer a variety of payment methods, including fiat payments, when trading with others. Sell bitcoins directly to other users to exchange them for your local fiat currency. On the P2P marketplace, you can browse through various Bitcoin listings and choose the best deals. To place an order, you will need to transfer your BTC (or other cryptocurrencies) to the wallet in your&nbsp; account.</span></p>
<p><span style="font-weight: 400;">BitNasdaq provides multiple options to exchange your BTC for fiat on the P2P marketplace. It will automatically connect you with a P2P merchant that meets your needs.&nbsp;</span></p>
<ol start="3">
<li><strong> Use spot exchange to sell in the currency of your choice</strong></li>
</ol>
<p><span style="font-weight: 400;">You can access many BTC trading pairs on&nbsp; Binance Spot Exchange to sell them for fiat. On&nbsp; Spot Exchange, you can select the [BTC] pair button on the right side of the screen and see what's available. With the search box at the top, you can also&nbsp; directly search for a pair like [BTC/EUR].</span></p>
<p><span style="font-weight: 400;">The spot exchange supports fiat currencies such as Euro (EUR), Brazilian Reais (BRL), Australian Dollar (AUD), British Pound (GBP) and&nbsp; Turkish Lira (TRY). If you need to sell your bitcoin for one of the supported fiat currencies, simply sell the BTC in the respective trading pair and then withdraw&nbsp; fiat&nbsp; from your Fiat and Spot wallets to your bank account.&nbsp;&nbsp;</span></p>
<ol start="4">
<li><strong> Use the Binance Convert feature</strong></li>
</ol>
<p><span style="font-weight: 400;">If you don't want to use Spot Exchange directly, the Binance Convert feature is a simple alternative. It is similar to the [Buy and Sell Cryptocurrency] page but offers the ability to exchange your BTC for other cryptocurrencies.</span></p>
<p><strong>Withdrawing money is very convenient with Binance</strong></p>
<p><span style="font-weight: 400;">With all the options on offer, there really is something for every user when switching to Fiat. No matter which option you use to withdraw your money, they all have something in common:</span></p>
<p><span style="font-weight: 400;">convenience! However, remember that after you sell fiat in your Binance account, you will also need to transfer that amount to your card or bank account.</span></p>
<p><strong>Read more about:</strong><strong><br /><br /><a href="https://www.bitnasdaq.com/p2p/buy-and-sell">Crypto P2P Trading</a><br /></strong></p>
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