Can you sell your crypto on binance

There are several factors an individual might want to consider before converting cryptocurrency into cash. Cryptocurrency is now a popular investment option for younger people but you can't exactly spend your crypto in order to pay for your dinner. Well, you can if you want to choose from a few limited options as big businesses get on board but for the most part, people still need to convert their crypto into cash. The good news is that this is very easy to do.

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Content:

• 4 Best Crypto Exchanges of 2022
• Binance now lets users buy crypto with a credit card
• What’s going on with Binance? The low-down on the drama-ridden crypto exchange
• Six cryptocurrency tips (and five mistakes to avoid)
• Binance Review: The #1 Crypto Exchange? Here's Why..
• How to convert cryptocurrency to cash: Here are ways to bank your digital coin
• How to sell Bitcoin
• How to Use Binance - The Beginner's Guide
• 4 Steps To Sell Your Crypto In Singapore

WATCH RELATED VIDEO: How To Sell/Exchange Cryptos On Binance and Transfer To Your Bank Account In CAD $ Canadian Dollar

4 Best Crypto Exchanges of 2022

April 21, ET Source: Dbottrading. Anything less can result in missed trading opportunities, signup headaches, or week long delays to receive your funds. Customer service - Cryptocurrency exchange platforms can see a lot of trading, and other back-and-forth scenarios between clients and staff. For this reason, a customer service team that offers excellent communication and transparency is essential for success. Regions covered - As a user, it is smart to choose a platform that is close to home so they can remain in compliance with the law.

These laws change between countries and regions, while some platforms offer extensive services worldwide. Others are more limited. Security - Security is one of the most crucial components of a cryptocurrency exchange platform. The more servers there are, the less likely it is the platform will fall prey to an attack. Binance — Best Cryptocurrency Exchange Overall. This platform is based in Malta, even though it has branches in different parts of the world.

It is a perfect option for beginners and experts alike. Not only that, but the platform has around coins in total, ranging from the usual ones like Bitcoin to their native coin known as Binance Coin. Binance offers a range of services such as margin trading, futures trading, and a lot more.

Their fee remains at 0. Security might not be something to worry about when using this platform, thanks to their system known as Secure Asset Fund for Users SAFU , ensuring users from theft of funds. Kraken — Best Customer Service. This cryptocurrency platform takes pride in offering amazingly fast bank withdrawals, being available in most parts of the world, and charging low fees. The fees are between 0 and 0.

This platform also facilitates discreet trading through its dark pool feature, which is another reason it is quite popular. You will, however, note that the user experience is not the best in the market if compared to other platforms. Coinbase is, hands-down, one of the best platforms for Bitcoin exchanges online. It is used by lots of beginners who are trying to get their hands on digital currency. For this reason, it is a common platform for those looking to make both deposits and withdrawals of the most popular coin in the market — Bitcoin.

In addition to facilitating fast deposits and lots of payment methods, this platform has a UI that is almost perfect and easy to understand. Here, you can trade the most popular cryptos, including Litecoin, Bitcoin, Ethereum, and others. Having been founded in and accruing a total of over 30 million active users currently, this platform is truly popular for a good reason.

One of the slight downsides of the platform is transaction fees that are somewhat higher compared to the best platforms for crypto exchange. The fees here are in the form of a 0.

Well, you may say that such are the fees that you pay to enjoy a well-designed UI as well as get your services from a popular crypto trading platform. There, indeed, is a slight difference between Coinbase Pro and Coinbase. It is also more geo-restricted compared to the normal Coinbase app.

If you are a fan of both the worlds of forex and crypto, then eToro should be your go-to platform. This might be the best platform yet for traders interested in having their fingers in many pies. The platform can be used from both its web or mobile platform.

It is also good to keep in mind that eToro has a dedicated crypto wallet app that utilizes multisig authorization for added security when investing with other parties. Having been established in , eToro has done a great job in building a recognizable reputation for itself. The only downside is the fact that they support a mere 14 crypto coins, even though it is a catalog of the most popular coins. Bisq — Best Decentralized Platform. This is a decentralized crypto exchange platform.

As such, its servers spread out all over the world, which makes it almost resistant to attacks. In that light, this is one of the best platforms for the purchase of different types of cryptocurrency in terms of security. What is more? One thing to keep in mind about the platform is that you will be charged 0.

The main downside is that the service only allows wire transfers for deposits. Also, after Litecoin and Bitcoin, the rest of the cryptocurrency is negligible. Coinmama — Good Brokerage Service for Bitcoin. This is simply not a cryptocurrency exchange platform; rather, it is a brokerage service. What this means is that you can use the service to purchase your preferred Crypto coins from them rather than from other users.

The main benefit of transacting that way is that you are sure of faster and safer transactions. You, however, might want to be aware of the 2. On the positive side, you can purchase up to 10 different crypto coins from this platform and still get to enjoy a considerably competitive rate. Their customer service is an outstanding one, too. Bittrex — Best For Security. This platform came into existence in in Seattle, courtesy of computer security experts who were former employees of Blackberry and Microsoft.

This is one of the best, if not the best, cryptocurrency exchange platform in terms of security. It is worth noting that they have never experienced a security breach, which is not typical in the world of cryptocurrency.

This platform works with a flat 0. Bittrex is available on a worldwide basis, even though some of the advanced features that it offers, such as margin trading, are not. Also, all withdrawals and deposits are supposed to be via wire transfer, which is not something that everyone will find pleasurable. Nonetheless, that does not take away the fact that this platform is one of the most secure.

The owners believe in it so much that they offer full insurance on percent of the user funds should there be an unlikely event of a breach. This platform was founded in the year by the twins who sued Zuckerberg for allegedly stealing the Facebook idea.

Gemini is, without a doubt, a platform that is highly respected in the United States. It is renowned for having considerably low fees and strict trading security. In addition to the fact that Gemini specializes in Ethereum and Bitcoin, it is also quite easy to use, making it a good choice for the new, inexperienced user.

However, users have to keep in mind that their ID and personal data are necessary when signing up. For this reason, it may not be the best option for those looking to protect their identity. It is not a good idea to settle for just any crypto exchange platform without trying to figure out whether it is the best for a certain person.

In that light, below are five factors that should guide potential clients to choosing the right cryptocurrency exchange platform. Security Features Needless to say, the best cryptocurrency exchange platform is the one that offers the tightest security. Users should not be tempted to register with a platform just because it has a fancy app or cute graphics.

It would be much better if they can consider the big names that have proved to have secure systems. The vital features to look out for include 2-Factor Authentication, ID verification, data encryption, and user reviews. Also, if a platform utilizes a decentralized system, it is a little bit safer compared to the one that uses a centralized system. Regions Covered The laws and regulations that govern the trade and use of cryptocurrency vary depending on the jurisdiction.

In that light, customers should research well to find a platform that is compliant with the law in their country of residence. In the majority of situations, it is best to choose a platform that is based in their country, if possible. For example, US traders should consider platforms such as Gemini since it is based in the United States. Cryptocurrencies Available Most trading platforms offer Bitcoin and Ethereum as the basic crypto coins.

However, if users would like to use the coins that are not readily available such as SushiSwap, Dogecoin, BakeryToken, and others, they have to be careful with the platform they choose. If clients want a larger selection to pick from, they would be at a better place if they choose a platform like Binance, which has approximately coins to choose from. If, for example, people are after the rare altcoin, they are quite likely to find it on the Binance platform.

Buying Limits and Liquidity Some platforms place a maximum limit on the currency that investors can buy. Liquidity is also an important factor for traders who would like to convert their cryptos into cash as needed. In that light, a cryptocurrency exchange platform that offers high liquidity is an excellent choice for quick cash conversions. There are various ways to make deposits after opening an account, and these methods change from one platform to the next.

The most common methods of payment are:. In the simplest terms, a cryptocurrency exchange is a platform available online where one can exchange fiat real money such as dollars and euros with cryptocurrency such as Bitcoins. Cryptocurrencies are a virtual kind of money that changes a lot in value. Just like there are different currencies in the world, such as euros, pounds, and others, there are also different types of cryptocurrencies. Each one of these cryptocurrencies is bound to fluctuate in value, just like the normal currencies that most people are used to doing.

As far as cryptocurrency exchange is involved, it is possible to change fiat currency into cryptocurrency and back. A lot of traders change cryptocurrency into fiat money based on the changes in cryptocurrency value.

In this process, one is bound to either make a profit or a loss. Fiat to cryptocurrency exchanges are more common than crypto to crypto exchanges. Some platforms only allow cryptocurrency to cryptocurrency exchanges. A good example is a platform that allows you to exchange Bitcoin with Ethereum, but you can trade the same Bitcoin for dollars. To use such a platform, you first have to purchase crypto using real cash and then transfer it to the platform.

Binance now lets users buy crypto with a credit card

There are relatively few services which allow you to exchange Bitcoin or other cryptocurrencies back to New Zealand Dollars popular exchanges like Binance and Crypto. The first way to sell your Bitcoin or other cryptocurrency is to swap it directly for New Zealand Dollars. You can do this by sending your coins from your wallet or exchange like Binance, Crypto. This is where your NZD will be deposited once your crypto is sold. Step 3 — On the Easy Crypto homepage select the sell option, then type in the amount of Bitcoin or other cryptocurrency you want to sell. Then click Sell Now.

What’s going on with Binance? The low-down on the drama-ridden crypto exchange

Register Binance Account Open demo account. Register Binance. Step 3: Enter the amount in your fiat currency or quantity in crypto you want to buy and click 2 "Sell". Step 6: Now the order is completed, the buyer will receive the crypto. You can click [Check my account] to check your Fiat balance. Note : You can use Chat on the right side to communicate with the buyer in the whole process. Note : If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click "Appeal" and our customer service team will assist you in processing the order. Tips: 1.

Six cryptocurrency tips (and five mistakes to avoid)

Binance - the world's largest cryptocurrency exchange by trading volume - said on Monday Sept 27 that users in the Republic would no longer be allowed to buy and trade cryptocurrencies on its main platform next month. In an announcement on its website on Monday Sept 27 afternoon, Binance said: "Users in Singapore will not be able to access certain functions on Binance. We will be restricting Singapore users in respect of the Regulated Payments Services in line with our commitment to compliance. Users in Singapore are advised to cease all related trades, withdraw fiat assets and redeem tokens by noon on Oct 26, to avoid potential trading disputes. Fiat assets are fiat currencies that users need to deposit into their Binance accounts first before they can use them to make the cryptocurrency purchases.

Binance Review: The #1 Crypto Exchange? Here's Why..

HODL is commonly used by cryptocurrency investors who refuse to sell their crypto, usually bitcoin, regardless of whether the price increases or decreases. Most of us aim to accumulate as many bitcoin as possible, but there are times when you need or want to sell your holdings. You can also choose between three platforms, each with the same low fees and advantages, but in a different package. Download Binance Desktop. Switch between Pro and Lite, depending on your crypto experience and needs.

How to convert cryptocurrency to cash: Here are ways to bank your digital coin

On an easy to use crypto trading platform. Easily buy and sell crypto. Get tailored resources to learn crypto. Earn interest on your crypto assets. Buy, sell, and trade cryptocurrencies all in a single hassle-free crypto trading platform, packed with the tools and technology crypto traders need. TradeStation Crypto allows you to buy, sell, and earn cryptocurrencies, but you can quickly move between all trading platforms offered by TradeStation companies.

How to sell Bitcoin

Buy and sell digital currencies using Binance P2P. Start Selling. Choose your payment method and click 'Sell bitcoin for cash' to start trading with other people!

How to Use Binance - The Beginner's Guide

RELATED VIDEO: Binance Exchange Tutorial: How To BUY And SELL Cryptocurrencies?

The coin fell as much as 8. Here are 5 investment tips to face Bitcoin's rough week. The volatility of Bitcoin makes its prices rise and fall in dramatic fashion from day to day, urging novice traders to sell when prices are low. When investing in cryptocurrencies, those who practice patience and play the long game will come out on top when it's all said and done. Digital wallets aren't going anywhere, anytime soon, so leave your money in the market as long as possible to get the biggest returns.

4 Steps To Sell Your Crypto In Singapore

CoinSpot Cryptocurrency Exchange. If you've taken the leap and bought some bitcoin, it's equally important that you know how and when to cash out and sell. So long as you have access to your private keys you can sell your bitcoin on any exchange you'd like. Compare exchanges using deposit methods, fiat currency support and accepted cryptocurrencies to find the best match for your needs. For many people, the main aim when selling Bitcoin will be to cash out for AUD, so you can find instructions on how to do that below. The transaction limits on these exchanges may also be too low for your needs, so anyone looking to sell a large amount of Bitcoin should consider an over-the-counter OTC trade.

Binance is the biggest cryptocurrency exchange that offers a simple and smooth interface with a variety of features to users. From the verification procedure to trading methods, this guide has covered it all for beginners! Join us in showcasing the cryptocurrency revolution, one newsletter at a time. You can use an ID, a passport, or a driver's license, depending on the country.