What is the process of selling bitcoin and receiving fiat currency?

1 answers

• Dec 16, 2021 · 3 years ago
  Selling bitcoin and receiving fiat currency is a straightforward process: 1. Choose a reliable cryptocurrency exchange that supports fiat withdrawals. 2. Create an account on the exchange and complete the necessary verification steps. 3. Transfer your bitcoin to your exchange wallet. 4. Place a sell order for your bitcoin, specifying the amount and desired price. 5. Once your sell order is matched, the bitcoin will be sold and the fiat currency will be credited to your exchange account. 6. Withdraw the fiat currency from your exchange account to your bank account or preferred payment method. Keep in mind that different exchanges may have slightly different procedures, so it's always a good idea to consult the exchange's documentation or customer support for specific instructions.
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