If you aren’t a fan of holding your cryptocurrency for the long run and want to sell it, Blockchain has a solution for this. It allows you to sell your crypto. If you are a verified user it isn’t a tough task for you. Confused about how to sell crypto on Blockchain? Here is a step-by-step guide to help you in learning how to sell crypto on Blockchain.
The craze for trading in cryptocurrencies is not going anywhere. We can see the number of crypto investors increasing every passing day. Popular platforms like Coinbase, Blockchain, Binance, and many more are grabbing the attention of crypto enthusiasts. Every crypto trader is thinking about buying cryptocurrencies and selling them on a trusted platform.
Blockchain.com is popular that can be used to buy or sell crypto. Curious to know how to sell crypto on Blockchain? You can log in to your Blockchain.com account and sell your crypto. When you sell crypto, your funds will initially deposit into your USD, EUR, or GBP Cash account. You can keep these funds for your future orders or even withdraw them to your bank account.
This post will help you understand how to sell crypto on Blockchain. This guide includes all the crucial details related to selling your cryptocurrency using the Blockchain.com exchange. If you think it’s a tough task to sell cryptocurrencies on Blockchain, you’re not at all correct! It is really simple to sell your crypto on Blockchain. So, let’s not create much suspense and begin the post and understand how to sell crypto on Blockchain.
What Is The Blockchain Platform?
Blockchain is quite a popular platform used by traders for crypto trading. Blockchain.com is a financial services company that was launched in 2011. It was established with the aim to become a leader in the crypto economy. It was initially called Blockchain.info which was later renamed Blockchain.com. This online crypto exchange also has a digital wallet. Users can easily buy, sell, or trade crypto on this platform. Traders can also track their funds using this platform. Traders can use both the website and the mobile app. Let us now check out how to sell crypto on Blockchain.
How To Sell Crypto On Blockchain?
The Blockchain.com platform earlier used to have a Sell Crypto option on the right side of its website. So, you could’ve easily sold your crypto from there. However, this option has been replaced by just Buy Crypto. So, how to sell crypto on Blockchain? Let us check out how to sell crypto on Blockchain.
1. Open The Application
The first thing to learn how to sell crypto on Blockchain is to open the application. Once you open the app, you need to sign up or create a new account by filling in your details like email and password. Fill in all the credentials carefully and move to the next step.
2. Connect Wallet
After this, you need to connect your wallet to the Blockchain.com platform. Remember that connecting your wallet is only possible during sign-up and you won’t be able to do this later. You also need to be gold-level verified for withdrawing and depositing fiat. You just need to submit your government-issued ID for this on top of silver-level verification requirements. You can connect your wallet by scanning the QR code or even by signing in. After this, you can go back and finish signing up.
3. Start Trading
After completing the second step, you need to enter your username and start trading. You need to have some crypto in your account to sell it on this platform. So, you can press the Deposit now Option on the top-right and enable the two-factor authentication. You can then deposit any cryptocurrency to the exchange through your wallet. After sending and exchanging your preferred cryptocurrency, move to the next step.
Choose your preferred trading pair from the top of the page. Select the sell option from the right side. Enter the amount you wish to sell and select the order type. You can now click on Place order. Don’t forget different fees are there for different order types. Check if everything is correct and then confirm by submitting your order.
This is how to sell crypto on Blockchain. What if you want to withdraw this sale amount to your bank account? Here is how to withdraw crypto from Blockchain.
On the top, you’ll find your username. Click on that and you can then tap on the portfolio option. Here you’ll find an option of Withdraw on the right corner of your portfolio. You can click on that. After that, move to the next step.
Choose the currency you wish to withdraw. Click on the drop-down and choose your preferred currency. You need to be gold-level verified for withdrawing. You’ll also need to pay a network fee for withdrawal.
Enter the details like your destination address, withdrawal amount, and the two-factor authentication code. After filling these out, click on the Withdraw option. With this, your withdrawal has been processed.
Your transaction will be processed within 5 business days and it may take up to 5 days for reaching your bank account.
In this post, we have mentioned all the important details related to the Blockchain platform and how to sell crypto on Blockchain. We have provided a step-by-step guide for learning how to sell crypto on Blockchain. We hope you have got a clear idea about selling your cryptocurrencies using the Blockchain.com exchange. If you are still confused and have any questions regarding how to sell crypto on Blockchain, feel free to ask us by commenting below. We’ll try to answer them as soon as possible.
Frequently Asked Questions
Q1. What Countries Does Blockchain.com Support For Buying Or Selling Crypto?
A. Some of the popular countries supported by Blockchain.com to buy or sell cryptocurrencies are Australia, Bangladesh, Canada, France, Germany, India, United States, United Kingdom, etc.
Q2. Can I Sell Crypto From My Private Key Wallet On Blockchain.com?
A. Yes, you can sell crypto from a private key wallet on the Android app, the iOS app, and a web browser.
Q3. Is It Easy To Sell Cryptocurrency?
A. Yes, it is quite easy to sell your cryptocurrency. You can choose a popular exchange to sell your crypto quickly and easily.
Q4. Can I Sell Crypto Without Fees?
A. Yes, it is possible to sell your cryptocurrency without paying any fees. You can choose any exchange such as Robinhood etc. to sell your crypto without any fee.