You can do this by logging into your Binance UK account and locating the ‘Buy Crypto’ link or button, usually located in the main navigation menu. Verifying Your Identity After creating your account, you’ll need to complete the verification process. Binance UK requires users to provide a valid form of identification, such as a passport or national ID card, to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. This step helps protect the platform and its users from fraudulent activities.
- Verifying Your Identity Documents Binance UK will review the identity documents you provide to confirm your identity.
- This process may take some time, so be patient and ensure that the documents you submit are clear and legible.
- We’re initially supporting ETH on Ethereum Mainnet, with plans to expand to native gas tokens on layer 2 networks soon and fiat currency USD, EUR, and GBP.
- Clients can sell directly to over 12 million users worldwide, according to the platform’s website.
Bitcoin ATMs are a way to get immediate access to cash using your bitcoins. In order to make a cash withdrawal and sell your Bitcoin from the ATM, the machine provides a QR code to which you send your Bitcoin. Providing Withdrawal Details You’ll be prompted to enter the details of your bank account, including the account number and sort code. Greatest Crypto Exchanges and Apps Ensure that the information you provide is accurate to avoid any delays or issues with the withdrawal process. Monitoring the Sale Performance After the sale, it’s important to monitor the performance of your transaction. Binance UK will provide detailed records of the sale, including the executed price, fees, and the total amount received.
Ensure that you provide accurate and up-to-date details, as this information will be required for the verification process. The Sell feature is currently available in the US (state restrictions apply), UK, and parts of Europe with plans to expand to more regions to cater to our worldwide community. Ensuring a way for users to enter and exit crypto freely is important and we hope these options make web3 attainable to more people. We’re initially supporting ETH on Ethereum Mainnet, with plans to expand to native gas tokens on layer 2 networks soon and fiat currency USD, EUR, and GBP. CEX.IO users may contact customer support through a variety of means to receive assistance along their crypto journey.
Once your account is set up and verified, you’ll need to fund it with the USDT you wish to sell. Binance provides several funding options, such as bank transfers, credit/debit cards, and other cryptocurrencies. Choose the most convenient method for you and proceed with the deposit. Cryptocurrencies have become increasingly popular in recent years, and Binance UK has emerged as a leading platform for buying, selling, and trading digital assets. Whether you’re looking to cash out your crypto investments or simply diversify your portfolio, selling on Binance UK can be a convenient and secure option.
You can also do a direct trade, selling your cryptocurrency directly to another person through another entity. The most popular way is through a peer-to-peer online platform that allows sellers to find the best offers through an exchange, though one could even do it in person if needed. Cryptocurrencies rebounded sharply in 2023, leaving some traders with solid gains. Monitoring the Withdrawal Status After initiating the withdrawal, Binance UK will process the transaction, and you can monitor its status through your account dashboard or notifications. The processing time for bank transfers may vary, so be patient and allow for the necessary processing time.
Thus, only traders who own a specific crypto can place this type of order on the adjacent market. A Binance stop loss order allows you to specify the execution of an automatic cryptocurrency sell order to limit losses in the event of a market drop. Here, you can see the ratings for each buyer, as well as how many orders they’ve facilitated.
While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. With an online peer-to-peer trade, you can sell cryptocurrency online in exchange for dollars. These transactions are often facilitated by an exchange, and Binance runs a well-known online peer-to-peer platform called Binance P2P.
Whether you’re looking to buy Bitcoin or explore the functionality of an experienced crypto trading platform, CEX.IO makes it accessible with a credit or debit card. Sellers have the ability to set their own rates and can choose from more than 350 payment options, such as cash, gift cards or other digital currencies. Clients can sell directly to over 12 million users worldwide, according to the platform’s website. Binance UK will provide real-time updates and notifications to keep you informed about the progress of your sale and withdrawal.
To make the most informed decision when choosing a crypto platform, we put together a helpful list of features to consider when determining your path forward. Hit the books on everything from blockchain fundamentals, to advanced trading techniques, to on-chain analysis. Check this page to make sure that CEX.IO services are available in your region. Enter the amount of Bitcoin you want to sell, and you’ll immediately be able to see how much USD you’ll get in return. This amount will change frequently, as the price of Bitcoin is always fluctuating. To sell BTC, you need to have both the Bitcoin and the Exchange applications installed on your device.
You’ll quickly exchange cryptocurrency into cash, which you can access from your cash balance in Coinbase. From there, you can transfer the money to your bank account if you wish. With your Breet app, you can sell your Bitcoin at the best rate in the market seamlessly. All you need to do is send your Bitcoin directly to your Breet Bitcoin wallet address and convert it to Naira or Cedi. The most convenient thing is that your Naira/Cedis gets automatically deposited into your bank account in minutes. The Breet customer support team is always available to assist with any unverified transactions you may be worried about.
Whether you just want to sell off a few dollars worth of Bitcoin or want to make a hefty sale, Binance can accommodate you. Here, you can switch between the buying and selling features with just a click. You’ll initially be taken to the buying section, but clicking the Sell option right next door switches to the selling option.
We do not include the universe
of companies or financial offers that may be available to you. Let’s take the example of a trader who has acquired 1 BTC at a price of 31,000 USD. He wants to secure his Bitcoins in case the price drops below 30,000 USD. As soon as the BTC price reaches or exceeds this value, the market order will be launched by the platform.
Carefully review this information to ensure that it matches your intended sale. Exploring the ‘Buy Crypto’ Interface Once in the ‘Buy Crypto’ section, you’ll be presented with a user-friendly interface that allows you to buy, sell, and trade various cryptocurrencies. This interface will display the current market prices, trading pairs, and other relevant information to help you make informed decisions about your crypto transactions.
That’s why we’ve worked to integrate familiar access points that put the digital economy within reach for curious participants at every stage of their crypto journey. Our Instant Buy service connects verified customers to a variety of vetted markets in compliance with local regulations in their region. Once a preferred credit or debit card is paired with your CEX.IO account, it may be accessed from a web browser, or via our mobile app. Users enjoy on-the-go access to their crypto portfolio, and the ability to seize opportunities from anywhere, whenever they arise. For 10 years, CEX.IO has been a leader, innovator, and champion of regulation in the cryptocurrency space. CEX.IO serves as a critical bridge between traditional and decentralized finance, and remains at the forefront of cryptocurrency development.
