Ledger has a built-in exchange service, “Ledger Live,” and partners with Coinify to sell crypto for cash. The best bet is to use a platform like Binance.us or FTX.us to save on fees, and quickly cash out your crypto for dollars. The mobile apps make it easy to sell, and you can connect your bank account to transfer funds after the crypto is sold. Similar to bitcoin ATMs, Coinme powers thousands of locations through which you can sell your bitcoin for cash in an instant. The main difference is that Coinme locations tend to be more widespread and accessible, with lower fees than bitcoin ATMs.

1. Plus, you have an in-app rate calculator, so you know the value of a Bitcoin in real-time as you make your trade.
2. Bitcoin ATMs are a way to get immediate access to cash using your bitcoins.
3. While not quite as easy as swiping your debit card at an ATM, cashing out Bitcoin (or other cryptos) has gotten much easier over the past few years.
4. In some cases, you can also withdraw paper cash in the local currency at regular ATMs that take Visa or Mastercard.
5. Sellers have the ability to set their own rates and can choose from more than 350 payment options, such as cash, gift cards or other digital currencies.

OTC platforms like the Breet App are the quickest way to sell your Bitcoin for cash and have it deposited in your account. The over-the-counter solution offers speedy and secure Bitcoin-to-cash transactions, which is behind its growing popularity. If you have your Bitcoin in a broker, you can sell Bitcoin for cash with it. Options like Robinhood or Webull are decent brokers with an extensive crypto-trading platform. Once you complete the trade, you have the money in your account, and you have the option to use it to trade again. Opting for this option is one of the fastest ways to sell your coin for cash.

If a broker holds your crypto coins, then the easiest route is simply to go with that broker. For example, if you’re a client of Robinhood or Webull, both of which allow extensive crypto trading, then it will be easiest for you to just execute a how to buy mobilecoin trade on their platform and be done with it. At supported bitcoin ATMs, you can instantly convert your bitcoin into cash, the key word here is instantly! To do so, you’ll need to verify your identity and enter the amount you want to withdraw.

In addition to paying network fees to transfer your Bitcoin, ATMs charge service and transaction fees that can exceed 15% per transaction. Bitcoin ATMs are popping up everywhere, with tens of thousands of them located around the world. Bitcoin ATMs are a physical kiosk — typically located in a gas station or grocery store — that allow you to buy crypto with cash or a digital wallet. While most crypto ATMs allow you to purchase Bitcoin directly, only some of them allow you to sell Bitcoin for cash. While not quite as easy as swiping your debit card at an ATM, cashing out Bitcoin (or other cryptos) has gotten much easier over the past few years.

Crypto debit cards are becoming more popular, with many crypto exchanges offering them as a way to spend your crypto balance. Crypto debit cards are typically connected to a centralized crypto exchange account and allow you to swipe the card for regular purchases. The exchange will convert your crypto to cash and use it for the purchase.

If you are interested in a buyer’s offer (there are usually many buyers) you follow the platform’s instructions. The key with these apps is you need to already hold your crypto within the app, otherwise you can’t cash out. They don’t allow you to transfer outside crypto into the app for selling. Many centralized exchanges also offer P2P exchange options, including Binance, KuCoin, and ByBit.

Cash out at a Bitcoin ATM

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You will want to talk to a tax professional to understand how crypto transactions are taxed in your area. As always, it is also a good idea to consult with a tax professional when buying and selling assets. Some of the most popular hardware wallets offer the ability to sell Bitcoin for cash.

How to start investing with little money

This can be done with a QR code, or by typing in the Bitcoin wallet address to your digital wallet, and sending the requested Bitcoin amount. You can also select the “sell” feature to only look for ATMs that allow you to sell your crypto. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The commissions on Bitcoin ATM trades can be tremendously high, however, so it’s important to note how much you’re paying and whether it’s worthwhile to go another route.

Despite a few misses, crypto exchanges are one-stop solutions to get some money for your Bitcoin. Select any trusted exchange, set up an account, and white label partnership use our tools en verify your identity to get started. There are quite a few ways to cash out your Bitcoin, but you need to know what your goals are before selling.

Use an exchange to sell crypto

For nearly 20 years, we’ve been on a mission to help our readers acheive their financial goals with no judgement, no jargon, and no get-rich-quick BS. These apps support a very limited selection of crypto, with Cash App only supporting Bitcoin, and PayPal supporting Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. Today, Coinme is launching the ability to send and receive USDC on the Stellar network in the Coinme wallet.

Popular crypto exchanges are always a good bet, as they are reliable and well-known, while online platforms with peer-to-peer selling may allow for flexibility of payment. You can go the convenient route and use a Bitcoin ATM to get fast access to your crypto but at a significantly higher commission. During a sale, your bitcoin debit card will convert your bitcoin to the required amount of local fiat currency for your transaction. In some cases, you can also withdraw paper cash in the local currency at regular ATMs that take Visa or Mastercard. This convenience is a major part of bitcoin debit cards’ appeal, but it also comes with a fee.

Cryptocurrencies rebounded sharply in 2023, leaving some traders with solid gains. One of the advantages of peer-to-peer exchanges is that they help utilize one of the core benefits of crypto. To use a P2P exchange, create an account with your platform of choice, then find ideal buyers and request trades. Once a buyer approves your request, the platform will keep your bitcoins locked until you confirm that you’ve received the buyer’s cash, like an escrow function. This setup makes peer-to-peer platforms especially worthwhile if you’re concerned about scams or fraud while interacting with someone over the internet.

The offers that appear on this site are from companies that compensate us. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available kraken exchange review 2021 to you. Some crypto enthusiasts are in it for the long haul while others may choose to cash out as soon as they make a profit. Figure out which camp you live in and decide whether converting your crypto into cash is the right finance decision for you at this moment.

You might have to take a minute for someone to match your order, but once they do, you can process a withdrawal. Crypto is a speculative asset that can be part of a larger, diversified investing strategy, but don’t panic sell just because the news says “Bitcoin is dead” for the 1,400th time. Instead, take a level-headed approach to your investment strategies, and make decisions based on your long-term goals — not short-term feelings. If you’re itching to exchange your crypto for some cold, hard cash, you’ll want to consider the implications of selling. The downside of Bitcoin ATMs is the high fees that most of them charge.

Bitcoin kiosks and tellers, powered by Coinme, are a great example, as they’re mostly located in the entrances of major supermarket chain locations. Most crypto-to-cash fees are reasonable, plus they let you conduct transactions worth thousands of dollars. Online brokerages typically have reasonable trading fees for selling crypto. For example, eToro charges a flat 1% trading fee to sell crypto, which is a fairly low rate.