How to Sell Crypto Instantly – Pro Tips for Newbies
Selling crypto comes after owning digital assets such as Bitcoin, Ethereum, USDT, and others. As a newbie in cryptocurrency, there are many ways to own your first crypto: buying it, accepting it in your business, or accepting it as a payment for work done. Regardless, it is good to know how to sell crypto instantly when the need comes.
Selling cryptocurrency can be overwhelming for first timers, especially if you have no idea of the best platforms to use. Currently, many options are available, and it can be difficult to know the best for your needs. However, taking time to research and read pro tips will help you sell your crypto and get the most out of the investment.
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Preparations to Help You Sell Crypto Instantly
Before making attempts to sell crypto instantly, you need to be ready for the process. This means doing detailed research, especially since you are new to crypto. Then you can know the crypto market, particularly where to sell crypto instantly.
If you have just bought your first digital assets, you may have checked and understand how to make the purchase. Experts recommend more research to know the current crypto rates, the best platforms on which to trade and their commissions, and a lot more details.
It is also good to know how to practice precaution and apply safety measures to avoid losing assets as you sell crypto instantly. Fortunately, the most reliable platforms are not only secure, but they are also fast and convenient.
How to Sell Crypto Instantly – Steps to Take
If you want to sell crypto instantly, you should know the necessary steps to take. They are easy to follow and advantageous for both newbies and seasoned traders alike. Doing the right thing prevents costly mistakes and wasting time, especially when you need to sell crypto instantly.
Understand the market
The first thing new crypto enthusiasts should do is to understand the market. The market is dynamic and requires patience to learn. But with limited time and the need to sell crypto instantly, you have no option but to grasp helpful information quickly.
You need to track the current price of the crypto you intend to sell, the trusted exchanges and their commissions, and any other market information that will help you make more from your sales. You can use helpful tools to study the market and make the right decisions.
Choose an appropriate exchange platform
Before you sell crypto instantly as a beginner, knowing the most reputable exchange is very essential. There are many exchanges available such as online CEX and DEX platforms, Bitcoin ATMs, physical exchanges, and others. Each of these options has pros and cons, and you should check each to know what is good for you.
Some of the most popular exchanges include NakitCoins, Binance, LocalBitcoins, Coinbase, and Kraken. Each cryptocurrency exchange has different fees and commissions, so it is important to do your research and find one that offers the best deal.
Create an account
With an exchange in mind, you can now create an account by following their set instructions. Typically, they ask for personal information such as your name and address and identification; they also ask you to verify your identity as part of the know your customer (KYC) protocols. Some platforms require you to link a bank account to sell crypto instantly.
When the account is ready, you can now deposit cryptocurrency from your secure digital wallet. Typically, you need to send your crypto to the exchange’s address and confirm that it has hit the account.
Sell the cryptocurrency instantly
Once your crypto is deposited and confirmed, you can now place an order to sell it. However, you need to specify the amount of crypto you want to sell, and the exchange will give you all the details of your sale. You can choose to sell your crypto at the current market price or set a limit order to sell at a specific price depending on the options offered by the platform.
Withdraw your funds
Once you sell crypto instantly, your fiat money will still remain in the exchange account. So, you need to withdraw the funds to your bank account or debit card. Some exchanges charge a withdrawal fee while others do not, so be sure to check this before initiating the process.
Best Exchanges to Sell Crypto Instantly
As mentioned, there are many reliable platforms to help you sell crypto instantly. What you choose depends on their pros and cons, your preference, the commissions and fees, and other factors. Here are popular options to consider.
- Physical outlets – These are offices or kiosks that help investors to sell crypto instantly. Apart from this convenience, newbies can consult helpful agents to know more about cryptocurrencies. A popular option is NakitCoins in Turkey.
- CEX (centralized exchanges) – CEX platforms have centralized their operations and provide high liquidity and the latest crypto technology to help investors sell crypto instantly. They often list more digital currencies and trading pairs than other platforms. For security purposes and fast transactions, they require you to go through a KYC process and may charge higher fees. Examples of CEXs include Coinbase and Binance.
- DEX (decentralized exchanges) – DEX platforms have decentralized operations; hence, they are called peer-to-peer exchanges. They allow you to trade cryptocurrencies directly with other users without the need for a central authority. These exchanges are becoming popular among investors who want to sell crypto instantly while enjoying more freedom concerning price and who to trade with. They are faster and more private than centralized exchanges but may have less liquidity. Examples of DEXs include Sushiswap and Uniswap.
- Bitcoin ATMs – Bitcoin ATMs are physical machines with automated crypto transactions. If you want to sell crypto instantly as a newbie, these machines are generally faster and more private than centralized exchanges. However, they have higher fees, and you may not find them all over.
As a new investor who wants to know how to sell crypto instantly, there is a lot to learn. Sometimes, it is not easy to absorb it all at once. You should only read helpful articles with invaluable information like this one and embrace what is helpful to you. Ultimately, this is a great guide for any beginner and seasoned crypto trader alike.