Discovering the best Ethereum Signals: a guide

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Are you searching  for the greatest  Ethereum Signals in 2022? Then you should be careful, especially nowadays where trading cryptocurrency is not as easy as it used to be a few years ago.

Things have changed since 2017 when most of crypto coins were known for giving a good profit and every time was the right time to enter a trade; now, the best crypto signals demand a lot of attention and study.

Lots of so-called experts give random trading signals for free, and while it looks like a great idea on paper, let us just say there is a reason why those signals are free.

It is utterly important to stay alert to what the market is giving you because even if you make a handful of good trades, without the right information, you will lose the money you struggled so much for earning in the long run.

Crypto signals: what’s the purpose of a trading signal?

A cryptocurrency trading signal is an idea from a group of analysts. They suggest you to buy a particular token at a specific time and price.

When you are trading Ethereum, a crypto signal given by an expert is a key asset before starting the trade itself.

The expert has already analyzed possible outcomes, and even though there is no guarantee that his analysis is 100% correct; You can rest assured that he’s used the right amount of information to provide the best Ethereum signals - he is not just guessing for the sake of it.

The groups created to provide crypto signals often operate in Telegram, similarly to groups created to provide signals for the stock markets.

 Telegram is the preferred choice  due to the fact that allows the calls to reach a broader audience, as the app do not have a members limit, likewise WhatsApp, for instance.

Best Ethereum signals: What is this crypto?

Ethereum is the second-largest cryptocurrency existent in the world in terms of market value, trailing only Bitcoin. The main existing coin where almost 100% of crypto traders were introduced to the crypto market.

Ethereum is a decentralized and open-source blockchain, which is a vital feature to its security. The native cryptocurrency of Ethereum is ETH, and its platform possesses smart apps to go with blockchain technology. Many platforms began using this very same security strategy to protect digital ledgers.

Is it convenient to trade Ethereum instead of other cryptocurrencies?

There are some important differences between Bitcoin, which is probably where you begin to learn about cryptocurrency, and Ethereum, the second-largest coin existent.

Bitcoin blockchain was created to support bitcoin as a cryptocurrency; on the other hand, Ethereum’s blockchain is described as programmable, with many applications, not used solely for ETH trade purposes.

There are also similarities between Ethereum and Bitcoin, especially when it relates to the environment. Mining any cryptocurrency uses a huge amount of energy. That happens as their methodologies require lots of computer power to create any transactions.

Can I earn money by trading best Ethereum signals?

You can - and you should. The exact amount is imprecise,  it really depends on a lot of factors.  The amount of money you are willing to invest? What is going to be your crypto trading strategy?  The amount of trades a day or a week you plan to do?

It is possible to get a very good quantity of money, but it is also possible to lose all the money you invested in. Yes, it is all so alluring, but it is  actually the correct  path  to take. In case you have no knowledge of what you are supposed to do and how to invest your precious money. So you are at a dangerous risk of losing it.

That is why it is so important to have the appropriate crypto signals. An expert will provide you the best analysis of what is happening in the market at this very moment and you can make the best decision based on your situation.

 The best Telegram groups to find Crypto signals

Throughout this article, you’ve learned what is Ethereum and how it operates. While we also provided insight about what is a trading signal and why they’re important. Let us dive right into the part that everyone was searching for when they have clicked in this article – where to find the best Ethereum signals.

One of the best Telegram group, and which I prefer to receive crypto signals is Fat Pig Signals.

There are two different groups:  The first one is a free-for-all Telegram group with an increasing audience. And the second one is a VIP group for those who pay for the subscription to join.  

Signal providers that share their results make a statement of their trustworthiness. Fat Pig Signals, from this perspective, is the main group available. That is because they merge long-term stability, with at least three daily different calls. In which they give you three daily different calls. All this with a high level of accuracy.

How can I join Fat Pig Signals

Fat Pig Signals offers three alternatives for newly members who want to make part of the VIP group.  

The best Ethereum signals will be presented to you from the finest group of analysts out there. It is unlikely to keep track of the cryptocurrency market; however we are aware that  the opportunities are out there waiting to be grasped at any moment soon. So cryptocurrencies signals groups are the best option for the best deals.

 It is commonly known that when the opportunity to have some extra cash arrives, we do not want to miss it. After all, cryptocurrencies are the talk of the town. Therefore, the potential to gain money from the best Ethereum signals is insurmountable.

With an expert guiding you, the risks are much lower. So, chances are you will put in the pocket a substantial quantity of money if you make right decisions.

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How Can I Buy Bitcoin?

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Crypto trading and investing have become extremely popular and profitable recently, especially since the pandemic. The crypto market is filled with tens of thousands of cryptocurrencies and crypto-assets. However, most people new to the market want to target the popular options.

Cryptocurrencies are quite volatile, and most new investors want to opt for the more secure options like bitcoin and ethereum because they have a known history of rising in value despite being volatile. However, after assessing the risk, many people are confused about how to buy bitcoin.

Today, we will discuss "how can I buy bitcoin" to help you understand the buying process of bitcoin, and by extension, other cryptocurrencies as well. If you can buy bitcoin, you'll be able to buy other crypto assets in the same way.

How Can I Buy Bitcoin?

Whether you want to become a crypto trader, investor, or HODLer, here are the steps you need to follow to buy bitcoin and other cryptocurrencies.

Step 1- Create an Account with a Centralized Exchange (CEX)

Investment firms and banks are not selling cryptocurrencies yet, so you can't buy bitcoin through them. You need a centralized exchange or CEX, a crypto trading platform where you can trade fiat currencies (dollars) for virtual currencies like bitcoin.

While there are plenty of CEXs to choose from, the most popular options are Coinbase and Gemini. Once you choose a CEX, you'll have to create an account on their platform.

Your CEX may ask for details like your ID, email address, Social Security number, and source of income. Upon completion, most CEX platforms will give you a unique exchange wallet to make transactions on the crypto trading platform.

Step 2- Fund Your Exchange Wallet/ Account

Most popular CEXs allow you to link your debit card or bank account directly to your exchange wallet. You can use these options to fund your exchange wallet. There is often a fee for transferring money into your exchange wallet, so check before trying.

You can transfer your investment capital all at once, or you can slowly "drip" fund your exchange wallet in ant number of transactions. As a beginner in crypto trading and investing, it is best to start with a small amount to get the hang of things first.

Step 3- Trade Your Dollars for Bitcoin

Once your exchange wallet is funded with capital, you can place an order for bitcoin and trade your dollars for bitcoin. This process is slightly different for every exchange but mostly straightforward. Typically, popular crypto trading platforms like Coinbase ask you to enter the number of dollars you want to exchange for bitcoin.

This transaction is a simple "market order" made at the ongoing exchange rate for USD to BTC. However, you may have to account for any fees charged by the CEX for the transaction.

Another way is to place a "limit order," where you set the price at which you want to buy bitcoin. Once bitcoin reaches that price, the CEX will automatically buy it for the amount of dollars you mentioned earlier.

Step 4 - Follow Best Practices for Safe Storage

Most crypto traders and investors leave their bitcoin and other crypto assets in the CEX account or exchange wallet. It is convenient and mostly safe, but not foolproof. Centralized exchanges may get hacked and lose your investments, which is why it is best to practice safe storage for your cryptocurrencies.

You need to transfer your bitcoin and other crypto assets to a private crypto wallet for the best security. Often, CEXs give you a private crypto wallet, but the best practice is to opt for a third-party crypto wallet that gives you a higher level of security.

An even better option is to opt for offline storage on an offline storage device or wallet. This is known as "cold storage" and makes it impossible for anyone to hack your cryptocurrencies without physical access to your storage device.

However, you must research your crypto trading platform beforehand because some do not allow private or offline storage. Hence, you cannot move your cryptocurrencies from the exchange wallet/account to a private wallet or storage device.

Alternative Options

There are other ways to buy bitcoin, but they aren't necessarily the best, even if they are more convenient. For example, if you have a digital payment account on Venmo, PayPal, or Cash App, you can directly buy bitcoin from these platforms.

However, they often charge high transaction fees, don't offer many cryptocurrencies (but they do offer bitcoin), and do not allow you to transfer your cryptocurrencies to a private wallet or cold storage device.

As convenient as it may be to buy bitcoin using Venmo, especially for new investors and beginners, you won't be able to move your investment to a more diverse or established CEX later.

Other Cryptocurrencies

When buying other cryptocurrencies, you can use the same four steps mentioned above to buy and secure your crypto investments. However, as a beginner, it is best to opt for the top cryptocurrencies like bitcoin and ethereum, at least till you learn enough to dabble in a more diverse crypto portfolio.

Moreover, if you want to hold on to your crypto assets for long, these top two currencies are the best option for you. They are more stable, safer than other crypto assets and altcoins, and readily available on most CEX.

However, if you want to invest in a particular cryptocurrency, you'll have to check first if it is available on your choice of CEX. Just make sure you understand the risks involved with speculative assets, crypto trading, and investing in lesser-known cryptocurrencies.

Conclusion

As a rule of thumb, you should never invest more money in cryptocurrencies than you are comfortable losing. This market is volatile with speculative assets, so you need to be careful. However, bitcoin is a relatively safer option that most experts recommend as an investment option.

It is an excellent option for beginners investing in cryptocurrencies and those new to crypto trading. It is widely known as digital gold because of its scarcity, rising popularity, and long-term growth potential.

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4 Things to Do in a Crypto Bear Market

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The recent downturn of the crypto market has many stakeholders concerned. Double-digit losses have investors worrying about how they would liquidate crypto assets without taking heavy losses. No one likes to be out of the money (OTM), but it doesn't mean you should ignore the bear market.

If you are in the red (your crypto assets are valued less than what you paid for them), you shouldn't just throw in the towel, and if you are a new investor, now is the time for action.

Today, we will discuss four things to do in a crypto bear market that will help you take advantage of the situation and improve your crypto trading during any bear market.

4 Things to Do in a Crypto Bear Market

Bear markets are a part of crypto trading, but they don't necessarily have to be a bad thing. Here are four things to do in a crypto bear market.

Use Dollar-Cost Averaging (DCA) to Buy the Dip

You may have heard the popular saying "buy when there's blood in the streets," but most people forget the second part of this quote by Baron Rothschild. It goes, "buy when there's blood in the streets, even if the blood is your own."

In modern terms, this means "buy the dip," even if you are in the red. Buying the dip is a common practice in crypto trading, where you buy cryptocurrencies at low prices in a bear market. Whether you are a new investor or a veteran, you can buy the dip if you have expendable capital.

It is always smart to have a reserve of stable coins or fiat currencies to buy during a bearish market in crypto trading. A reserve allows you to make a decent profit when the market corrects itself or returns to previous peaks.

However, you shouldn't just buy the dip in a single trade. After all, you can't be certain whether the market will continue to drop or pick up immediately after you buy. Here, dollar-cost averaging (DCA) is a great low-risk strategy to buy the dip.

DCA means splitting your reserve into smaller parts and buying at intervals over time. For example, if you have a reserve of $1000, you can split it into ten $100 trades and enter at various price points as the market drops.

This strategy helps solve the issue of not knowing when the market reaches its lowest point. If you put the entire $1000 in a single trade, it may not work out well. On the other hand, you can buy a small amount with DCA to check if the market drops further. If it does, you can buy some more.

This strategy gives you a smarter and safer way to buy the dip than spending all your reserves in one go. It is also great for new or first-time investors entering a bear market.

Don't Enter Blindly

DCA is not the only strategy to apply in a bear market because it wouldn't make sense to buy blindly. Instead, you should look at charts, patterns, and trends. Use indicators to help you analyze crypto assets before choosing your entry point.

Such technical analysis is not easy and never foolproof, but you don't have to be a professional crypto trader, investor, or have great market insights to do some basic analysis. For example, certain technical indicators show key information to help you predict when the market may bottom out.

One commonly used indicator is the Relative Strength Index (RSI), which shows you when an asset is oversold or overbought in the market. If a crypto asset is oversold, it is undervalued and may rise soon, whereas overbought indicates the opposite.

This indicator works well in higher time frames, greater than 24 hours, and you can spot a trend when there is a divergence between the asset price and the RSI indicator. However, this is not the only indicator you should use.

There are many such technical indicators that you can study to predict optimal entry points for your crypto trading. Just remember, no indicator or group of indicators show exact outcomes. They indicate upcoming trends to help you better assess risk.

Diversify Your Crypto Portfolio

Markets, including a bear market, are complicated and similar to how you can't ever know for certain when it'll bottoms out. You also can't know for certain which crypto asset will boom or bust. Hedging your bets while building on your DCA and technical analysis strategy is also ideal.

You may need to split your reserve more or stretch it a bit, but diversification is one of the best ways to reduce risking your overall investments. You can use DCA and indicators on various cryptocurrencies. However, you have to thoroughly research before choosing assets to invest in.

An easy way of researching is checking a crypto asset's previous all-time high. This information will tell you what kind of potently the crypto asset may have once the bear market turns into a bull market. Similarly, you should check how well the assets recovered during previous bear markets to gauge their overall performance better.

Most importantly, however, you should research each crypto asset and learn about its upcoming updates like partnerships, mainet launches, or major developments. A roadmap can help you better assess what the crypto asset's future may look like.

It is important to fully understand roadmaps because regardless of the ongoing market, you only want to invest in crypto assets you think will do well in the long run.

Keep Calm and Persevere

Bear markets can be severely disheartening, especially if you are currently in the red and watching your assets drop by the hour. However, you shouldn't let your emotions get the best of you.

If you give in to fear, you might make harsh, knee-jerk crypto trades and end up incurring heavy losses. A great way to overcome fear and make profits is to have a solid plan for your crypto trading. Something as elementary as clearly defining your entry and exit points before investing in an asset can help improve your crypto trading strategy and profits.

Traders often become greedy and stick to a rising asset beyond their planned exit, hoping it will continue to rise. This is not always the best approach, especially if you don't set stop losses. Just because you buy the dip now does not mean there won't be a bear market ahead.

Hence, you need to have an exit point to cash out on your profits. You need to plan when to take profits, maintain reserves for future market crashes, and keep calm during bear markets.

Conclusion

Crypto markets can be quite volatile, and bear markets don't last forever. If you are currently in the red, it doesn't mean you'll be OTM forever. It especially doesn't mean that you can't do anything about it. Use your reserves to buy the dip sensibly and have a clear strategy.

If you don't currently have reserves or miss the dip, don't worry about it too much, there will always be more bear markets in the future, and you can implement the mentioned things when that happens.

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5 Ways to Earn Passive Income from NFTs – Crypto trading

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2021 was an excellent year for non-fungible token (NFT) trading, with many high ticket sales driving the surge of interest in this growing crypto niche – up to $12.6 billion. Traditionally, most NFT traders buy and sell Ethereum while paying additional gas fees (up to $98.69) on the minting process. As a result, many investors tend to offload their NFTs to other markets to earn profit.

The good news is that you can earn money without trading in several ways. That’s right! You can avoid the constant stress and anxiety when actively watching floor prices, timing the market, or handling other high-tension aspects of the trade.

Intrigued? Let’s check out five ways to earn passive income from NFTs. But first, we’ll share a brief overview of non-fungible tokens for readers unfamiliar with this trading concept.

What is a Non-Fungible Token (NFT)?

Simply put, non-fungible tokens are non-interchangeable units of data stored on a publicly distributed database or ledger called a blockchain. Therefore, they can be viewed and verified at all times. Think of NFTs as digital receipts containing unique information that proves ownership of tangible or intangible items.

Examples include digital artwork, collectibles, domain names, event tickets, or even a unique pair of limited-edition shoes. The critical thing to remember is that these financial instruments don't store digital items. Instead, they point to the file's location on the internet. Moreover, you cannot use the same NFT to represent two items.

Therefore, you cannot trade it like a Bitcoin or Ethereum, hence the name "non-fungible" tokens.

How to Earn Passive Income from NFTs

Did you know that a signature was once sold as a non-fungible token for over $2.3 million? That’s right. As strange as this sounds, it’s true. This trending form of cryptocurrency is changing how we look at money. By using blockchains to certify ownership, users can sell anything they believe is valuable and earn money.

So, if you’ve already done the leg work, here are 5 ways to earn passive income from NFTs:

1. Buy a Passive Income-Generating NFT

The simplest way to earn passive income from NFTs is to buy one that generates passive income. As paradoxical as this sounds, it's pretty straightforward. Thousands of NFT projects allow users to generate regular income by staking or simply holding on to them.

They can be used as stakes or held assets to mint new collections, which increases their value over time. However, this can be incredibly risky as many NFTs either fail to deliver or don’t end up being worth much. Plus, since they’re crypto-related, you have to be more careful when buying one.

2. Renting or Lending NFTs

Perhaps, the simplest way of earning passive income with non-fungible tokens is by renting or lending them, especially if you own those in high demand. For example, many online card trading games allow you to borrow NFT cards to improve your winning chances.

What makes this option better is the blockchain-based smart contract that helps traders secure deals according to their preferred rent duration and lease rate. For example, reNFT, a leading NFT trading platform, allows lenders to set daily rates and maximum rental periods. Current rates usually fall between 0.002 to 2 Ethereum, depending on the digital item’s value.

For example, if you have high-value artwork, you can rent it to a digital art gallery for a day or week. You can also rent out music, videos, or other forms of exclusive content.

3. NFT Staking

One of the main benefits of NFT trading is its marriage with decentralized finance. This allows traders to stake tokens (or lock them away) and use the digital assets as smart deposits to generate income. Many modern platforms, such as Kira Network, NFTX, and Only1, support different NFT types and enable users to earn staking awards, especially through the governance of the digital ecosystem.

Alternatively, users can reinvest the money earned from staking into other passive income-generating protocols. However, there is a downside to this, especially if you don't own multiple NFTs. Once you initiate the staking process, you cannot use that token for a certain period. However, the good news is that it offers a relatively higher return on investment (ROI) compared to other methods.

4. Provide Liquidity to Earn NFTs

If you’re familiar with DeFi infrastructures, you’ll know that there’s an ongoing NFT integration that allows users to provide liquidity and receive NFTs in return, thus, establishing your position in that particular liquidity pool.

The NFTs used to provide liquidity represent how much you staked or how much you earned from them while maintaining ownership. The passive income benefits come from the transaction fees decentralized exchanges receive from this particular trade. The amount you receive depends on the token's value, how much you put in, or how long you could stake.

5. Yield Farming

Due to their growing popularity, NFTs are rapidly becoming a core component of automated market makers (AMMs). Therefore, you can use them to generate income using NFT-powered digital products through yield farming. This process involves leveraging different DeFi protocols to generate the maximum amount of income possible according to your assets’ value.

Think of the process as opening a savings account in a regular bank. By depositing money into it, you’re effectively loaning money to the bank in return for an interest-based monthly, semi-annual, or annual yield. However, the amount you earn depends on how much you put in and the annual percentage return (APR) set by the bank.

Conclusion

And there you have it – 5 ways to earn passive income from NFTs. According to Earth Web, there is around $20 million worth of non-fungible tokens sold every week in the growing crypto market. With the market set to surpass $40 billion in 2022, this is where the future of blockchain and crypto trading lies.

So, whether you're an artist, collector, or trader, NFT trading is a great way to diversify your portfolio and earn massive returns with minimum input.

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Best staking crypto: how to do it perfectly?

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Staking crypto is an unknown but valuable alternative to anybody who trades cryptocurrencies. While the crypto market has grown exponentially over the last few years and many people have benefited from this, there are also different options to earn money from crypto coins, and today we are going to introduce you to the best staking crypto platforms.

Before we start, one thing must be clear to everyone who wants to work with staking: the coins that you use for regular trade will not always be the same as the coins you want to do staking. While both methods involve cryptocurrencies,

What is staking crypto? How does it differ from regular crypto trading?

Staking crypto means you are going to earn money by simply possessing certain cryptos in your wallet. This happens because the blockchain needs certain cryptocurrencies to support its network and confirm the transactions.

Crypto coins that provide staking are those that utilize the proof-of-stake (PoS) method to process payments, unlike the proof-of-work method where you have to mine devices and utilize computer power to acquire coins. It’s a great way to earn some additional money through passive income, as the transactions will be added to the blockchain.

Bitcoin, the major, cryptocurrency uses Proof of Work in its blockchain. Ethereum, the second-largest cryptocurrency, plans to release ETH 2.0 using Proof-of-Stake. This will be a major shift for Ethereum, but those who want to do staking with Ethereum are due to pay a hefty price: according to their own website, users will need to stake 32 ETH to become a validator.

Is Proof-of-Stake better than Proof-of-Work?

There are a lot of advantages for the Proof-of-Stake mechanism compared to the Proof-of-Work mechanism, such as:

• Better use of energy, because you will use fewer mining blocks and, consequently, less energy;
• Fewer hardware requirements, because you will not need a fantastic computer to create new blocks (remember when the price for a new computer went sky high as result of more Bitcoin miners? Proof-of-Stake gives a better chance for those who are not so lucky in that matter;
• More nodes in the blockchain network with a stronger immunization to the centrality

So, basically, some cryptocurrencies earn extra income for you because the blockchain makes them work. Many popular cryptocurrency exchanges use the Proof-of-Stake method, not only Ethereum, so you will not have much trouble finding the best staking crypto.

Ethereum is not the only popular, major coin that uses proof-of-stake as a mechanism. Some other cryptocurrencies that operate with Proof-of-Stake and allows for staking crypto:

• Cardano (ADA), an environment-friendly coin with 4-6% yearly rewards
• Polkadot (DOT) isa coin where you earn your rewards through slot auction and where you basically can earn money by supporting other projects. The yearly rewards are up to 14%
• Tezos (XTZ), launched in June 2018, where the staking process is called ‘Baking’, rewarding owners who stake their coins. You can earn from 4% to 8.5%
• Polygon (MATIC) is a very affordable coin, so you won’t have to spend much before starting staking.

Most of the coins allow you to stake in diverse platforms, such as Binance, Kraken or Crypto.com

What will happen to my staked coins?

If you decide to stake a cryptocurrency, it doesn’t mean that they’re not in your possession anymore. Basically, you’re putting your cryptocurrencies to work, but they’re still yours, and in case you want to do regular trade with them, you can just “unstake” them.

Since they’ll be working, it’s not a 100% guarantee that it will be an immediate process to “unstake” them - especially because some of the cryptocurrencies require a minimum amount of time when you decide to stake.

The best Telegram groups to find Crypto signals and stake my coins

Throughout this article, you have learned what it means to stake crypto and how it works. Let us dive right into the part that everyone was searching for when they clicked on this article – where to find the best staking crypto coins.

The best group, indeed, to get crypto signals is Fat Pig Signals. You can find two different approaches – one, on Telegram, which is totally free for all subscribers and the other, paid, with all the VIP traders.

Signal providers that share their results make a statement of their trustworthiness. Fat Pig Signals is the best group available because they present long-term stability – with daily different calls.

How much to join Fat Pig Signals

Fat Pig Signals offers different options for the ones who want to be VIP users, as you can easily check out.

So, want to get the best staking crypto? Join Fat Pig Signals and get the best calls. It is extremely hard to keep up with cryptocurrency market. Anyway, there are opportunities all the time to do so.

That is why the best way to keep track is with crypto signals groups. You do not want to miss when there is a chance to get some extra money, do you?

Cryptocurrencies are in the spotlight right now and the possibility to earn extra money by staking crypto is insurmountable. Consequently, the more guided you are, the less risky it will be.

So, why not learn how to make wise decisions and have some extra cash in your wallet? Leave us a comment on the topic of staking crypto.

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How to Sell Bitcoin – Crypto Trading

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Congratulations! You've finally bought yourself a slice of Bitcoin pie. Before you go shopping with it, you should know that not all retailers and payment processors in the market accept cryptocurrencies as a payment method. Therefore, learning how to sell Bitcoin should be on your to-do list when taking on crypto trading.

The good news is that selling cryptocurrencies like Bitcoin is not too different from buying. The only prerequisite is that you need to have at least a fractional amount of BTC in your wallet to exchange it for cash.

So, if you’re on board the exchange wagon, you’re at the right place. In this post, we’ll share five ways to sell Bitcoin and get your money out to finance conventional purchases.

5 Ways to Sell Bitcoin

Without further ado, let's check out five ways you can exchange BTC for traditional currency:

1. Cryptocurrency Exchanges

Cryptocurrency exchanges are the go-to solution for most traders looking to convert bitcoin into traditional currencies, such as U.S. Dollars. These platforms typically act as intermediaries, holding sellers’/buyers’ funds and connecting them to their bank accounts for deposits and withdrawals. However, most exchanges charge withdrawal fees depending on the cryptocurrency type, bank charges, local regulations, and transaction amount.

To sell Bitcoin on an exchange, you need to place a sell order and mention the type of currency you wish to trade, the total amount, and your asking price. This sounds easy on paper but can be complicated depending on the order types and the other factors mentioned above. Once your order is processed, you can withdraw the equivalent amount (minus the charges) from your bank.

Here are four great platforms where you can sell Bitcoin:

§ Coinbase

Coinbase is among the most popular crypto exchanges worldwide, with over 73 million verified users trading in nearly 30 different coins and tokens, including Bitcoin, Litecoin, and Ethereum. It's the go-to platform for most beginners looking to trade cryptocurrencies due to low fees and multiple reward tokens.

§ Binance

Binance is another popular crypto exchange platform dominating the global trading space in terms of daily volume. It allows users to deposit and withdraw U.S. dollars via Society for Worldwide Interbank Financial Telecommunications (SWIFT). It is the go-to choice for advanced Bitcoin traders due to complex charting and trading data, which offer a more immersive experience.

§ Kraken

Kraken is one of the oldest and most trusted cryptocurrency trading platforms in the market. It is available in over 176 countries and offers up to 95 different cryptocurrencies for trading. Moreover, users can withdraw money by selling Bitcoin in less than 40 minutes, depending on the confirmations and numbers of blocks mined.

§ Cash App

Cash App is a popular mobile payment service available in the US and the UK with over 70 million active users. The platform allows users to withdraw Bitcoin to their wallets and spend it on different compatible retail stores. It essentially serves as a bank account for Cryptocurrencies, and users can use a dedicated debit card for purchases.  

2. Peer-to-Peer Online Trading

Another popular way of selling Bitcoin is by trading directly with another party through a specialized platform, including popular crypto exchanges, to record and manage the transactions. In this case, Bitcoin buyers post listings online to find traders looking to cash out.

They include their desired price and payment option (wire transfer, credit, etc.) and other instructions for sellers to follow.

3. Peer-to-Peer Offline/In-Person Trading

Many crypto traders like to trade the old-fashioned way, and in-person trading has become quite popular due to cybersecurity issues. In this case, sellers meet buyers in-person to complete the transactions using their wallets. Some online platforms also facilitate cash transactions depending on your location.

However, since Bitcoin’s value tends to fluctuate in real-time, you should know its price during the in-person transaction. More importantly, if you’re selling to a stranger, you need to tread carefully and employ different safety precautions.

4. Bitcoin ATMs

Bitcoin ATMs may look like traditional vestibules, but there's nothing traditional about them. Instead of connecting to your bank account, they connect to the internet to allow traders to access their platforms to make withdrawals. Some ATMs even let users scan QR codes to exchange them for cash purchases in stores and outlets.

In recent years, Bitcoin ATMs have been installed in multiple locations around the world, especially in European countries where cryptocurrency is more accepted. Moreover, most ATMs require users to have an existing account on an exchange since registration can be time-consuming.

5. Withdrawing Funds

Finally, we have direct cash withdrawals through wire transfer, or automated clearing house (ACH) transfers that allow users to cash out as soon as they sell Bitcoin on an exchange. Many exchanges also allow Single Euro Payments Area (SEPA) transfers within the European Union to save time, especially during large transactions.

However, these systems aren't fully optimized or centralized, meaning the service varies from location to location. Secondly, most people opt for this method during peak trading hours, during which there's a significant amount of trading traffic on crypto exchanges. So, if you're in a hurry and don't mind the additional charges, this method could serve as a smart alternative. However, you need to open a bank account that supports Bitcoin sales, which requires a lot of upfront research and time investment.

Conclusion

Although cryptocurrency is rapidly becoming mainstream worldwide, most businesses don’t accept Bitcoin as payment for goods and services. Therefore, users need to learn how to sell Bitcoin in exchange for traditional currency to facilitate different purchases.

If you’re looking to do the same, make sure you research all the methods mentioned above and choose one according to your trading experience and expertise. Alternatively, you can look for businesses that accept cryptocurrencies as payment and avoid unnecessary exchange processes, long wait times, and hefty fees.

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