How to sell cryptocurrency: multiple ways of selling your crypto assets with maximum profit

The process of selling crypto assets may confuse new investors, considering the diversity of methods and platforms. Nonetheless, with proper trading tools and knowledge the process becomes simple and effective. As crypto trading is all about making a profit, this guide will help you identify the criteria for exchange platform choice and useful tips to minimize risks and multiply your funds.

How to Sell Cryptocurrency: Initial Steps

1. Cryptocurrency prices fluctuate every second, so before selling your digital assets, make sure to analyse market trends and current crypto prices. When the price drops, it is better to wait it out, as the situation might change in a matter of hours. For deeper analysis, use analytical tools and platforms: CoinMarketCap or Trading View.
2. There are several ways how to sell cryptocurrency and each investor should make a choice based on financial goals and personal preferences: P2P trading, crypto exchange platforms, online exchangers or cryptomats – cryptocurrency ATMs.
3. Some exchange platforms have limitations and may not be available for use in particular regions. Always double-check that your preferred platform is operating in your country.

Let us examine the ways how to sell cryptocurrency in a more detailed way and discuss possible pros and cons.

• Cryptocurrency exchange platforms: you have heard about Coinbase and Binance even if you haven’t traded before. These platforms, alongside a myriad of others, are used by traders from every part of the world. They have user-friendly apps and are easy to use even by newcomers. Typically exchange platforms also have high liquidity and many of them offer a huge number of cryptocurrencies for trading. Keep in mind that transactions are never free and to avoid unpleasant surprises get acquainted with the list of applicable fees before executing a transaction.
• P2P trading platforms: peer-to-peer services, for instance, Binance P2P or LocalBitcoins, execute direct trading between users without a third party. Compared to centralized exchange platforms the transaction fees are lower, and the platforms accept versatile payment methods, which makes them convenient and appealing to traders. However, as no intermediary is involved in the trading process, chances for fraudulent activity are much higher and you must always verify the reviews of the buyer/seller before accepting the offer.
• Online crypto exchangers: exchangers like BestChange offer a quick and easy way to exchange your digital assets for fiat currency. Despite the convenience of use, this type of exchange has quite high commissions and scammers often create fake websites for their fraudulent schemes, so traders must be especially careful when selling their assets.
• Cryptocurrency ATMs: cryptomats can be found in big cities and allow you to sell your digital assets in exchange for cash. It is the least popular way of selling cryptocurrency due to the limited availability of these ATMs in most regions.

Tips on how to sell cryptocurrency securely:

1. Always choose reliable and trustworthy platforms with real reviews from the users.
2. When making a transfer, double-check the address of your digital wallet. In most cases the transactions on the blockchain are irreversible.
3. To maximally protect your account from scammers and hackers use two-factor authentication.
4. Crypto prices throughout platforms differ, but if the offer seems too favourable and the price is significantly low, there is a chance that it could be a scam. Do not share your personal information with third parties and avoid any deals outside of the platform.
5. Find information about the laws and regulations on selling cryptocurrency in your region and whether you are expected to notify the authorities about your transactions.

How to sell cryptocurrency is not a complicated process if you access risks, gather enough information and approach the process with diligence and precision. Visit https://blog.ellyx.com/blog/how-to-buy-and-sell-crypto/ if you want to study a trustworthy resource with useful tips for new and experienced traders.