The crypto market keeps booming in 2024 with one Bitcoin selling for $70k as of late March. “How do I sell my Bitcoins for cash” is one of the most frequent questions that arises when people want to withdraw the leading cryptocurrency. Understanding BTC cash withdrawal methods is just as vital as investing in it. You can buy and sell BTC through crypto platforms like NakitCoins, Bitcoin ATMs, and Peer-to-Peer websites. BTC price changes, so it’s important to understand its value when making in-person transactions. Despite several security challenges, exchanges are practical solutions that allow for the seamless sale and purchase of bitcoins. Using a crypto exchange requires you to set up an account with the platform of your choice and verify your identity. Here are some easy ways to sell Bitcoins for cash this year.
Online P2P Platforms
Online peer-to-peer platforms are special websites that facilitate Bitcoin buying and selling for cash. Buyers create offers on P2P websites, specifying their desired price and payment method. Interested sellers can view these listings and complete the sale by following the instructions given by the platform and buyer. Many P2P websites rely on escrow accounts to protect both the buyer and seller from scams. As a seller, you can choose a bank transfer to receive cash payment for selling bitcoins to a buyer on a P2P website.
NakitCoins
Turkey-based cryptocurrency exchange NakitCoins allows users to buy and sell Bitcoin with cash instantly and safely. The company has been operating successfully since 2018, and it has several offices throughout the country. Apart from enabling you to sell BTC for cash with ease, NakitCoins also allows you to convert your crypto into other assets without any limits. Once you visit NakitCoins offices, you can complete your cash withdrawal transaction in a secure environment with privacy. Check out NakitCoins.com for more info on how to sell bitcoins for cash instantly.
Bitcoin ATM
Bitcoin ATMs look like conventional automated teller cash machines. However, they connect with the internet instead of a user’s bank account to facilitate Bitcoin trades. A typical Bitcoin ATM allows you to scan a wallet QR code to sell BTC for cash instantly. You can find Bitcoin ATM locations nearby by searching the internet. However, please note that not all Bitcoin ATMs support both buy and sell functionality. One downside to these machines is that they tend to charge higher fees than other methods of withdrawing Bitcoin for cash. Some Bitcoin ATMs also require users to have existing accounts to complete transactions, which can be time-intensive. For instance, new users may be asked to provide phone numbers for activation, government-issued IDs, and a recent photo taken by the ATM camera.
While the KYC identification process varies from operator to operator and machine to machine, you have to understand that some form of verification is always required to sell BTC for cash with ATMs.
Using NakitCoins physical cryptocurrency exchange over an ATM can reduce your stress and help you save money. NakitCoins allows fast conversions at low fees. That is why thousands of crypto users take advantage of Turkey’s largest cryptocurrency exchange to sell Bitcoin for cash.
