How to sell a bitcoin (BTC) on Binance ?

How to sell a bitcoin (BTC) on Binance ?

You want to buy Bitcoin using Binance, but you don’t know how to do it. No problem, since we offer you this guide that shows you how to do it step by step.

Your registration on Binance

Of course, you will not be able to sell crypto-currency on Binance without you have created an account on this platform. However, this is not really difficult, since you just need to follow the steps imposed. You must first select the language in which you want the interface to be displayed. Then, you will need to enter your email address and set your password. However, in order to limit the risks of piracy, we advise you to choose a password that is fairly complex. You can also activate a second protection via Google Authenticator. If it is not mandatory, it is strongly recommended. This will allow you to offer greater protection to your valuable crypto-currency.

The verification of your identity

However, it is not enough for you to have validated your account to be able to take full advantage of Binance. Again, this is nothing complicated. Indeed, it is necessary simply to follow different steps. For a start, you have to indicate whether or not you are a resident chinese and to give several personal information such as your name, your first name, your gender and the country in which you reside. You will then need to indicate the number of your identification before you to provide a photocopy double-sided. Finally, you will be asked to take a picture while you hold in your hands your id and a piece of paper on which you have previously indicated the date of the day.

Sell Bitcoin on Binance

However, you will not be able to sell the Bitcoin on the platform Binance if you don’t have one on your account. For you to purchase, you can proceed in several ways. You can, in effect, the miner, be exchanged for other crypto-currencies or the transfer from an online wallet, or another interface. Once this is done, you’ll finally be able to sell your Bitcoin.

However, please note that Binance only allows you to exchange crypto currencies against other crypto-currencies. To do this, so you need to go in the tab “Buy/Sell” and select the dialog box on which you’ll see in ” Sell “. Once you have selected the amount of bitcoins you want to sell, as well as the price at which you want to resell it, you can confirm to create a sales order. You can also respond to a purchase request which you can find in the list. As soon as your sale is finalized and validated, you will receive your crypto-currency and your bitcoins will be sent to the buyer.

What you must remember

  • Using Binance, you will not be able to sell your bitcoins against other crypto-currencies.
  • However, before you start to sell, you must create an account and pass the step of verification of identity.
  • To sell, you can create a sales order, but also respond to a purchase request.