Cryptocurrency is an interesting topic, but is it fun to learn how to sell cryptocurrency? Of course, any aspiring crypto investor and enthusiast would think so. Selling crypto, together with buying, are important parts of cryptocurrency trading. However, many people would like to sell crypto coins they have received in business or as a payment after work.
Regardless of the source of the coins or the motive of selling, knowing how to sell cryptocurrency using international options is very important. The benefits include fast transactions, secure operations, and convenience, among others.
That said, let us go through some of the options you have.
CEX Platforms
Have you heard about centralized exchanges? Would you like to know how to sell cryptocurrencies through these channels? These platforms operate like banks with a central entity that provides liquidity for fast transactions. They are also secure and trusted all over the world.
To sell crypto coins through an international CEX, you need to open an account and transfer your digital coins from the digital wallet to your newly created account and then follow the steps to sell instantly. Reputable CEX platforms like NakitCoins allow clients to sell directly to their bank account or other payment options. If you want, you can do a crypto-to-crypto exchange just like in any other exchange.
DEX Platforms
These are peer-to-peer platforms and they are becoming popular these days. They help crypto owners list the coins they want to sell and wait for an interested buyer to buy them. The main difference between these and CEX is that they do not have a middle entity to provide liquidity. Hence, you cannot guarantee the speed of finding a suitable buyer.
People who know how to sell cryptocurrency on these platforms say that they are the best because the cost of transactions is relatively low. You can take your time to learn how they work and how to speed up transaction services.
Physical Exchanges
Believe it or not, you can walk into a physical exchange and sell your cryptocurrencies instantly. There are two options and it is worth knowing how to sell cryptocurrency through them.
- Physical outlet – This operates like a physical bank, forex bureau, or any other physical money processing outlet with someone to help you. Physical outlets can give you cash in exchange for your crypto coins or send the money into your bank account. They also process crypto-to-crypto transactions just like online exchanges.
- Crypto ATMs – Although they are commonly known as Bitcoin ATMs, they can help you exchange dozens of crypto coins as listed. To use these automated machines, you need to visit one and bring your digital wallet details alongside the bank account to send the money. Crypto ATMs can also dispense cash in international and local currencies as well as doing crypto-to-crypto exchanges.
Conclusion
With these options, you now know how to sell cryptocurrency through international options. This means you can do it from anywhere in the world, especially through online channels. All you need to do is plan well to sell through the right platforms to avoid getting scammed or selling at a lower cost.
