Sell bitcoin into cash binance

While Indians are flocking to earn quick profits out of the crypto frenzy, there are some practical issues with the cryptocurrency— as it cannot be exactly used for daily transactions. The first method to convert any cryptocurrency into cash is through an exchange or a broker, this is quite similar to the currency exchange system at airports of a foreign country. The withdrawal will be paid into your bank account. Transfer your Bitcoins to the exchange that supports buying and selling in INR. In this case, we use WazirX, for demonstration purposes. Step 2: Click on the INR option and you will be able to see your account transactions, deposits, and withdrawals.



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WATCH RELATED VIDEO: How to Withdraw from Binance (Bank, Exchange \u0026 Wallet)

Cryptocurrency traders seek damages from Binance after a major outage cost them millions


As cryptocurrencies gain mainstream acceptance, it's not far-fetched to think that we'll one day be able to buy alt coins like Ripple XRP and Stellar XLM using debit cards and bank accounts. Until then, we'll have to rely on using bitcoins and ethereum to buy digital coins. Thankfully, depositing and withdrawing cryptocurrencies with Binance is relatively hassle-free.

This means that you can deposit ETH directly into your Binance account and trade right away, as opposed to the clunky and time consuming method of converting to BTC before you can trade. We can't give you any magic formulas that'll guarantee instant wealth in terms of trading cryptocurrencies, but we can at least show you how to get your foot in the door by making deposits and withdrawals with the Binance app for iPhone or Android.

So if you'd like to learn more about this simple process, keep on reading. Before we begin, there's some very important tidbits you need to know about. Beyond that, there are some fees and fine print you need to be aware of. Deposits are free, but withdrawal fees vary by the type of cryptocurrency you're withdrawing. For more information, check out the full list of withdrawal fees. Finally, you'll have to secure your Binance account with Google Authenticator in order to make withdrawals.

The process is straightforward — download the Google Authenticator app for iPhone or Android , enable it on Binance through your web browser and note the secret key that's provided, then add Binance to your Google Authenticator app.

If you'd like a more thorough guide on this topic, be sure to check out the following link. Before we get into this step, you should know that we did a separate guide on transferring cryptocurrency from your Coinbase wallet into Binance.

This is particularly helpful if you're looking to convert one currency, like Bitcoin, into another one that's more readily available on Binance. For more information on this aspect, head to the following link:. To deposit funds into Binance, open the app and tap on "Funds" at the bottom of the screen, then tap on "Deposit" on the upper-right corner. It's now time to choose the appropriate cryptocurrency wallet you're depositing into, so tap on "Select Coin" and you'll be taken to all the available wallets available within Binance.

Now, choose your target wallet by either tapping on it from the list of available coins or inputting its ticker in the search bar LTC for Litecoin, ETH for Ethereum, and so on , then selecting it from the results.

Either way, that coin's wallet page containing its destination address will now appear, so either copy it into your clipboard or tap on the QR code button to open a QR code that you can then scan. With your wallet address either copied or its QR code revealed, open up the source wallet in the app you're sending the funds from.

For example, if you're transferring currency from Coinbase into Binance, open up Coinbase and follow these instructions for sending money.

Either paste your deposit wallet address into your source wallet's destination box or use your phone's camera app to scan the QR code if you have two devices. Finally, hit "Send" after making sure everything's in order. Your coins will now be sent over to your Binance account, so sit back and wait for them to arrive. To withdraw part or all of your cryptocurrency holdings, go to the "Funds" page within Binance as you did when depositing coins. This time, tap on "Withdrawal" right next to "Deposit" in the upper-right corner of the screen, then follow the same prompts as you did when selecting a wallet to deposit into.

From the Withdrawal page, enter the amount you want to transfer in the denomination box right below "Available Balance," which shows the amount you currently have. You also have the option of withdrawing all of your funds in one go by tapping on "MAX" in the right-hand side of the box, so select that if you want to transfer all of you holdings out of Binance.

Now, either enter your destination wallet's address or use your phone's camera to scan for its QR code by tapping on the QR button on the right side of the address tab. For Coinbase users, you can generate a QR code or copy your wallet's deposit address using these instructions. Tap on "Withdraw" in Binance once you're satisfied with your selection. For security purposes, Binance will now ask you to confirm your withdrawal by inputting your Google Authenticator Code.

So retrieve the code from your Google Authenticator app and head back to Binance. Type in the temporary code in the box within the confirmation page, then tap on "Submit" to finalize your withdrawal, and your coins will be transferred to your desired wallet. Your coins are now on their way, so sit back and wait for the blockchain to process and confirm the transfer. Just bear in mind that due to the influx of new users, transaction times can take longer than usual, and can sometimes take hours to complete.

But as long as you transferred to the correct address, your funds are guaranteed to arrive. Get a lifetime subscription to VPN Unlimited for all your devices with a one-time purchase from the new Gadget Hacks Shop , and watch Hulu or Netflix without regional restrictions, increase security when browsing on public networks, and more.

Don't Miss: How to Secure Your Binance Account with Google Authenticator Depositing Funds Before we get into this step, you should know that we did a separate guide on transferring cryptocurrency from your Coinbase wallet into Binance. Subscribe Now. Share Your Thoughts Click to share your thoughts.

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Welcome to Binance! Trusted by millions of users worldwide. Get started today and buy, sell and store Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Binance Coin, and more, all with some of the lowest fees in crypto. Simply add a debit or credit card to buy and sell crypto instantly.

Create a safe-crypto.me account. Click Sell again for Sell to GBP Cash Balance.

Binance exchange hackers steal bitcoins worth $41m

But despite the crackdown, Brits wishing to buy and sell cryptocurrencies using the platform can still continue to do so. We explain what your rights are when withdrawing and transferring your money from Binance following the crackdown. But first, a word of warning: buying cryptocurrencies, like any investment, is a very risky business and making money is never guaranteed. You should make sure you know the risks of investing in cryptocurrencies and that you can afford to lose any money you put in. Cryptocurrencies are highly volatile, so the value of your investments can go down as well as up in the blink of an eye. There is also no guarantee that you can convert crypto assests back into cash, as it may depend on the demand and supply in the existing market. Binance was founded in by Changpeng Zhao, a Chinese-Canadian developer who had previously created high frequency trading software. If you have problems depositing - or withdrawing - your cash, you have little protection if something goes wrong. Because cryptocurrencies are unregulated in the UK, your rights are limited if you run into problems. Brits have already been having trouble withdrawing and depositing money into their Binance accounts, according to reports from the Financial Times.


Convert & OTC Portal

sell bitcoin into cash binance

Learn all the ways you can convert Bitcoin and other cryptocurrencies to cash with Binance P2P. With Binance P2P, you can create your own ad to buy and sell cryptocurrencies, filter for—or request—in-person cash transactions, use our handy convert crypto feature in select regions and more. Find out how you can start buying and selling cypto on Binance P2P. I f you're interested in converting some of your crypto funds to cash, Binance P2P offers one of the best methods to sell your Bitcoin and crypto. Trusted by millions of users, Binance P2P is a leading peer-to-peer marketplace where you can sell Bitcoin and crypto for cash using your preferred payment method, currency and even price—while paying zero fees!

Buy and sell digital currencies using Binance P2P.

How to Cash Out Bitcoin: How to Do It Easily

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.


How to Withdraw from Binance | Crypto & Fiat Money Transfers Guide

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.

Kraken is more than just a Bitcoin trading platform. Come see why our cryptocurrency exchange is the best place to buy, sell, trade and learn about crypto.

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As cryptocurrencies gain mainstream acceptance, it's not far-fetched to think that we'll one day be able to buy alt coins like Ripple XRP and Stellar XLM using debit cards and bank accounts. Until then, we'll have to rely on using bitcoins and ethereum to buy digital coins. Thankfully, depositing and withdrawing cryptocurrencies with Binance is relatively hassle-free. This means that you can deposit ETH directly into your Binance account and trade right away, as opposed to the clunky and time consuming method of converting to BTC before you can trade.


Get Started on Binance Lite to Buy and Sell Your Crypto

Please change the wallet network. Change the wallet network in the MetaMask Application to add this contract. Bitcoin Cash. United States Dollar. Bitcoin Cash is down 4.

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🟠 How to Sell Bitcoin (BTC) for GBP in the UK

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.

Cash to Crypto: How to Top Up Crypto On Your Binance Pay via Fiat Channels

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