How to Trade Bitcoin Instantly

How to Trade Bitcoin Instantly

By: marysmith

A pizza was the very first thing that someone used Bitcoin to pay for back in 2010. Over the years many more businesses have since embraced accepting Bitcoin as a method of payment. However, many more traditional companies and enterprises are yet to accept Bitcoin as a form of payment.

If you want to convert your Bitcoin into fiat currency so that you can buy something from one of those companies, you’ll have to trade it. The chances are that you want to be able to trade it instantly. In this post, we list some of the methods you can use to do just that.

Selling Bitcoins

There are several steps you need to follow to trade Bitcoin instantly. You will first need to choose an exchange and sign up and open an account with them. You can then transfer your Bitcoin to the exchange and sell them. Once you have done that, you will be able to withdraw your fiat currency instantly.

Ways to Receive your Bitcoin Sale Proceeds

There are a few things you want to consider when selling your bitcoins. Decide how you would like to receive your money. You will need to find an exchange that supports your desired payment option. This could be through PayPal. However, PayPal does not like Bitcoin transactions because they cannot execute the cashback option as they’d wish.

Selling Bitcoin with a Credit Card

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You can sell Bitcoin with a credit card. This method offers a fast way to receive money. It is quicker than a wire transfer. With most exchanges, you can use your Master Card to access your funds.  If you don’t know an exchange that supports this method, try NakitCoins.

You will not face many limitations as to how much money you can withdraw from the exchange. So long as you run an enhanced verification account. The choice is yours.

Direct Sales

Sometimes, you will want to get the very best value from the sale of your bitcoins without losing some of the profit to fees. In such circumstances, a direct sale will come in handy. For this, you will still have to work with an exchange platform.

These platforms allow you to exchange your bitcoins for Fiat currency with other traders online. All you need to do is post a listing on the platform. You could also look for people who have posted listings wishing to buy. Usually, these posts indicate the price they are willing to pay.

On popular exchanges, there are plenty of buyers seeking Bitcoin. As soon as you find them, you can make contact. You can then make the sale as per the regulations of the provider.  Popular platforms such as NakitCoins are secure. As long as you follow the stipulated procedure, you can never lose your money.

Normally, they incorporate the use of Escrow platforms. You cannot release your Bitcoin to the buyer until they fund their account.

In summary, if you want to trade in Bitcoin instantly, identify a good exchange. This allows you to trade your Bitcoin for Fiat currency or other types of crypto that you prefer. Follow the directives we have provided in this post to get started.

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