Bitcoin is a digital currency that employs a cryptography technology and is completely decentralized, meaning there’s no any central body that can control or manipulate it or its creation of new units. It was launched on 3 January 2009 by a mysterious character known by a pseudonym ‘’ Satoshi Nakamoto.’’ It’s widely advertised as the ‘’mother of all cryptocurrencies.’’ This is because it was Bitcoin that drew world’s attention to cryptocurrency and the blockchain technology. It’s now the largest cryptocurrency by market capitalization. Like other cryptocurrencies, Bitcoin isn’t controlled or regulated by any central body or financial institution. To put it simply, each Bitcoin is like a computer file that’s stored on a digital wallet app on a computer or smartphone. You can send bitcoin to others’ wallet, and other people can also send bitcoin to yours. Every single bitcoin transaction is recorded and verified on a public ledger called blockchain.
Selling bitcions is quite similar to buying bitcoins. You will need to log into your exchange account to initiate the selling procedure. It’s simple and easy.
Steps to Selling Bitcoin
- Log into your Exchange account
- Hit the ‘’Sells’’ page
- Type in the amount (BTC) you want to sell
- Choose the crypto wallet you are selling from
- Double check all the details
- Click “Sell.”
What’s a Crypto Exchange?
A crypto exchange is a digital platform that allows you buy, sale or trade cryptocurrencies. There’re many crypto exchanges out there that accept fiat deposit, meaning you can buy Bitcoin using your local currency. People can also buy Bitcoin using a Bitcoin ATM, which is almost similar to a normal ATM.