Wondering how to sell and buy bitcoin exchange fast? If your answer is yes then I am here to help you out. First of all, you should know the fact that in order to buy Bitcoin, you will need to use an exchange. Exchange is only way from where you can buy and sell bitcoins fast.
And there are quite a lot of bitcoin exchanges are available out there. But first, let me just go ahead and talk about what is a Bitcoin exchange. So you can get a clear idea about it.
So here we go:
What is a Bitcoin exchange?
A Bitcoin exchange is basically a digital marketplace where people like, and I can buy and sell bitcoins using fiat currencies or altcoins. A bitcoin currency exchange is an online platform that acts as an intermediary between buyers and sellers of the cryptocurrency.
And when it comes to bitcoin exchanges, there are quite a lot of options that are available out there. However, to help you out, I am going to name a few of them over here:
Top Bitcoin Exchanges
At first, I have Binance. This one is one of the most popular cryptocurrency exchange platforms that you can try out. The best part is that Binance is extremely fast and secure. And using it, you will not just be able to buy bitcoins. But it supports a large number of cryptocurrencies. As well as the website has the lowest transaction fees.
Also, this one is a crypto to the crypto exchange platform, this means to buy Bitcoin, you will need to use other cryptocurrencies. And the drawback is that it does not support fiat currencies. So you cannot buy any coin with your real money. It also has it’s own coin BNB, you can now even trade Binance futures on exchanges.
The platform also comes with two interfaces one is basic and the other one is for the advanced users. Overall, this one is a great platform if you are an advanced trader. As a beginner, I would advise you to try something else.
Up next, you can check out Coinbase. This one is also one of the most popular cryptocurrency exchange platforms that you can use. And this is absolutely beginner friendly. Thanks to the easy to understand user interface. As well as the best part is that it allows you to buy bitcoins with fiat currencies.
The platform is not only available as a web app. But you will find a coinbase app for Android and iOS devices. And this one is also one of the most reputable cryptocurrency exchanges that you can try out. And it is backed and trusted by millions of customers around the globe. Also, the best part is that the exchange supports credit cards, and banks account for the purchase of cryptocurrencies.
Using this platform, you will be able to buy other coins too apart from Bitcoin. Like Ether, Litecoin, Ripple, and a few other coins. However, the website is only operational in a few selected countries only.
Finally, there is the Cex.io. This one is also one of the great alternatives to the Coinbase. The best part is that it supports a wide range of countries. Along with that, it offers you fiat currency support. Also, it allows you to trade in not just cryptocurrency but on altcoins too.
Also, as a trader, you will find different options too. Like the market, limit top limit, and others. This one also supports fiat currency. So you can sell and buy bitcoin easily. Plus, the exchange comes with a personalized and easy to use dashboards for trading various cryptocurrencies. Moreover, the platform is based in London, and it is available in 99% of the countries in the world.
How to sell and buy bitcoin exchange fast?
Now that you are done learning about Bitcoin exchanges, so the first step for you to go ahead on any of the Bitcoin exchange and create an account. While creating an account you should also remember the fact that you will need to get done with the KYC process. So get done with everything.
Once you are done with all the verifications and account creation, head over to the Bitcoin exchange and you will find an option to buy bitcoins.
Over here, you need to enter how much bitcoin you would like to buy. Or you can enter the amount in Dollars. And it will automatically convert the amount into Bitcoins.
Once you are done purchasing the bitcoins you can move them to some wallet if you would like to. Or you can use the sell feature and add the amount of bitcoins you would like to sell off and you are all done.
So these are all the steps that you have to do to sell and buy bitcoin. The whole process is pretty fast. So go ahead and check the steps out.