How to sell crypto-currencies ?
When you start with crypto-currencies, it can sometimes be hard to know how to sell their crypto-currencies. It is for this reason that we offer you this guide to explain to you how to do it step by step.
The different platforms to sell the crypto-currency
Before all things, you need to decide what platform you will use to sell your crypto-currency. You can find very many platforms that allow you to do so and you will have the choice among platforms such as Coinbase, BitBay, Binance, BitPanda, Bitstramp, CoinMama or CEX IO. However, before choosing one, be sure to study what each one offers. You will find in fact a highly diversified offering, and you will need to choose the one that best suits your needs. For example, you must ensure that the crypto-currency that you want to choose is well treated by the platform you want to choose.
Your registration and verify your identity
Once you have selected the platform you want to use, you must create an account. To do so, you must first provide information about your identity and your contact information. You must also create a password. However, in order to guarantee you maximum security, we recommend that you choose a complex password. Once this is done, you will receive an email containing a link that will allow you to validate your account.
Once your account is validated, however, you can’t even take advantage of your account in an optimal manner. Indeed, for this, you need to prove your identity. This is done by providing a proof of identity in progress of validity, which can be an identity card, a driving licence or a passport. For the provide, you can usually post your documents directly on the platform. However, other sites offer other ways to do that, for example, by taking a picture of it with your proof of identity. Once the verification of your identity is done, you can take full advantage of your account.
Sell the crypto-currency on a platform
Before you sell your crypto-currency on a platform, you need to have on this platform. You can buy, in the undermining or transferring it from an online wallet or another platform. To sell, you typically have to create a sales order in which you must indicate the crypto-currency that you want to sell, the quantity of this crypto-currency that you want to sell and the price at which you want to sell it. However, you can also sell it at the market price, which is faster and less risky, but which pays less. Once the transaction is accepted and validated by the blockchain, your crypto-currency is transferred to the account of the money and you receive the sum for which you sold.
What you must remember
- To sell the crypto-currency, you must first select the platform on which you are going to do it. Be sure to consider the bids of each of the platforms.
- Then, you have to register on this platform. You will need to provide personal information, you will create a password and prove your identity.
- You will then need to create a sales order with the crypto-currency that you want to sell, its volume and its price.