Selling Bitcoin, how does that actually work? If you plan to sell your bitcoins, you have several options. Cryptocurrencies such as bitcoin are actually a currency, so "exchanging bitcoins for euros" might be a better term to use.
In this explanation we will show you exactly how to sell your coins to different brokers. These are websites where you usually also bought your bitcoins.
How and where can you sell bitcoin?
- Where can you sell bitcoin?
- How can you sell bitcoin?
- What should you pay attention to when selling?*
Where can you sell bitcoin?
In the Netherlands and Belgium there are several websites where you can sell bitcoins. It differs per website how much you get for the coins you offer. So the rule is: the lower the requested fee, the better for you.
How can you sell bitcoin?
The first thing you always need to sell your BTC is an account with a cryptocurrency broker.
Reasons to sell to BTC Direct are:
- Sell from as little as 0,002 BTC
- Dutch-speaking customer service
- Available from 09:00 to 22:00
- Money in your bank account within 24 hours
Bitcoin sales process
Once your account has been activated (or if you are logged in if you already had an account) you can go to the homepage of the website. Once on the homepage you will find the calculator where you can enter how many coins you want to exchange for money.
In the right column you can also enter how many euros you want to receive, the calculator will then automatically calculate how much bitcoin you need to send. Then click on the green button to start the sales process. Below is an overview of your sell order.
You will receive an overview on the sales order form. This contains the so-called 'order amount' with the number of euros that you will receive and the number of bitcoins that you must send to the buyer's address.
Then you need to select your IBAN on which you want to receive your money.
Finally, you must agree to the company's terms and conditions and click the green button.