How to sell btc in binance?

• Set up your ad. Choose your preferred payment method, currency and the amount of bitcoin you are planning to sell.
• Place an order.
• Confirm the payment.
• Release your crypto.

Following our guide on how to buy Bitcoin, we’re back again with the list of available options for converting BTC into fiat currency on Binance.

No matter your reason for buying or holding crypto, there often will come a time when you need to sell it for cash. You may need to purchase something, pay a bill, or reduce your crypto holdings. With Binance, there are multiple ways you can turn your bitcoin (BTC) into fiat without much fuss or hassle.

The availability of some of these will depend on your location, but the methods discussed here should be open to most of our users. Our 24/7 Customer Support team is always ready to help if you need any extra information or assistance.

Cashing out your bitcoin into fiat is simple with Binance, but there are still a few things to keep in mind as you do it. You will likely be subject to some capital gains tax if you’ve made a profit. You will also need to off-ramp the cash from Binance to your bank, which can take a few days. So while the process is easy, you need to consider these additional factors. Before cashing out, you might want to ask yourself the following questions:

If so, there are other options to explore before you commit to converting your crypto to fiat. If your goal is to reduce the effects of price volatility on your portfolio, it may be best to trade your bitcoin for a stablecoin like BUSD. Stablecoins are designed to maintain the value same to that of a particular reference asset (such as the US dollar), without the need for users to cash out and incur fees in the process.

It may be that your retailer accepts crypto. Perhaps you could even use a crypto payments solution. In both these cases, there wouldn’t be a need to convert manually to fiat. Opting for crypto payments can often be cheaper than going through the process of cashing out into fiat.

One great way to use crypto to pay for your expenses is Binance Card. It allows you to use your Binance crypto balance for purchases and payments with millions of retailers and service providers. The card is now available in many countries, with even more coming soon.

Another way to pay for goods and services is Binance Pay. Here’s the essence of this service in one succinct paragraph:

“Binance Pay is a simple, borderless, and secure way to send and receive cryptocurrencies from your mobile devices. You can send crypto to friends and family via email, phone number, Binance ID (UID), or Pay ID with zero gas fees.”

If the individual, retailer, or service provider you want to pay accepts crypto and Binance Pay, it’s a quick and cheap way to make your payment. For a complete guide, you can watch Binance Academy’s explanation of What is Binance Pay & How to Use It.

However, if you still need to cash out your crypto, read on for a selection of methods to use.

Binance’s [Buy and Sell Crypto] page is one of the simplest ways to convert your bitcoin into cash. Simply select [BTC] in the top field and the currency you want to sell it for in the bottom field. The fiat currency will then be debited to your Fiat and Spot wallet. The [Sell to Card] function may also be available, allowing you to cash out directly to your credit or debit card.

Another popular option for cashing out bitcoin is via Binance P2P. What is P2P, I hear you ask? Well, according to our Binance P2P Newbie Guide:

“Binance P2P is a peer-to-peer marketplace that allows you to directly trade cryptocurrencies with other Binance users with your preferred local currency, price, and payment method.”

Rather than trading on the exchange using an order with a large number of other traders, P2P lets you deal directly with a single user. Each P2P merchant can offer a variety of payment methods, including fiat payments, when trading with another individual.

Sell bitcoin directly to other Binance users to exchange them for your local fiat currency. On the P2P market, you can browse a variety of bitcoin listings and choose the best offers. To place an order, you’ll need to move your BTC (or other cryptocurrencies) to your Binance account’s Funding Wallet. Follow our How to Transfer Assets from Spot Wallet to Funding Wallet guide for more information.

The Binance P2P Express Zone is the simplest way to trade your BTC for fiat on the P2P market. It will automatically match you with a P2P merchant who meets your needs. In the top field, select [BTC]. In the bottom field, select the fiat currency you want to receive. For a more detailed guide, see our How to Sell Cryptocurrency via P2P Trading on Binance App guide.

You can access a wide selection of BTC trading pairs on the Binance Spot Exchange to sell for fiat. On the Spot Exchange, you can select the [BTC] pairs button on the right side of the screen and see what’s available. With the search box at the top, you can also look directly for a pair like [BTC/EUR].

The Spot Exchange supports fiat currencies like the euro (EUR), Brazilian reais (BRL), Australian dollar (AUD), British pound (GBP), and the Turkish lira (TRY). If you need to sell your bitcoin for any of the supported fiat currencies, all you need to do is sell BTC in the corresponding trading pair, then withdraw the fiat currency from your Fiat and Spot wallet to your bank account.

If you don’t feel like using the Spot Exchange directly, the Binance Convert feature is a straightforward alternative. It’s similar to the [Buy and Sell Crypto] page but offers the chance to trade your BTC for other cryptocurrencies.

On the Convert page, use the [Market] option in the top left. Next, choose BTC in the top field and input the amount you want to sell. Select the fiat currency you want in the bottom field and then click [Preview Conversion]. You’ll then be able to follow the instructions for completing your transaction.

With all the options on offer, there’s really something for every user when converting to fiat. No matter the option you use to cash out, they all have something in common: convenience! However, don’t forget that once you’ve sold to fiat on your Binance account, you’ll also need to transfer it to your card or bank account.

What’s the first word that comes to your mind when you hear Bitcoin? Chances are, it’s “HODL”. 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.

The easiest, cheapest, and fastest way to sell your bitcoin and other supported assets into your local currency is Binance Buy & Sell. Once you sell your bitcoin, you can choose between local currencies EUR, GBP, USD, BRL, AUD, TRY, RUB, MXN, UAH, KES, KZT, and UGX, and save on fees with bank transfer, instantly withdraw with your credit or debit card or get cash with P2P. You can also choose between three platforms, each with the same low fees and advantages, but in a different package.

- Binance.com is our intuitive web platform that provides all the features Binance offers in a traditional website interface.

- Binance Desktop is a software available for desktop and laptop computers running Linux, macOS, or Windows. Download Binance Desktop.

- Binance App is available on all mobile devices and tablets running iOS or Android, and you can download it here. Switch between Pro and Lite, depending on your crypto experience and needs.

In the next part of the article, we will show you how to sell bitcoin into fiat currency and withdraw your money.  In this article, we will focus on selling and withdrawing money via credit or debit card and bank transfer. If you want to learn how to sell via P2P, read the Binance P2P FAQ.

The Binance.com web platform and Binance Desktop user interfaces are almost identical with minimal differences. The step-by-step instructions for fiat withdrawal are exactly the same for both.

1. Navigate to Binance.com and login with your Binance account. If you don’t have a Binance account, click here to open one.

2. Open your Binance Fiat and Spot wallet and find Bitcoin you wish to sell into fiat.

3. Now you need to switch your Bitcoin into fiat before you can withdraw it. There are two options available - Trade Bitcoin to fiat via Spot Trading (BTC/EUR, BTC/AUD, etc.) or use the Convert function to swap between currencies immediately.

4. Once you obtain your preferred fiat currency, navigate back to the Fiat and Spot wallet and click Withdraw.

5. Select the currency you wish to withdraw and the preferred withdrawal method. Binance supports credit cards, debit cards, bank transfers, and local wallets. Each of them comes with different advantages. Credit/debit cards offer instantaneous withdrawal but at higher fees, while the bank transfer takes a bit longer, but the fees are generally lower.*

6. Enter the amount you wish to withdraw and fill in the required details. If you’re withdrawing fiat for the first time, you’ll be required to link your debit/credit card or bank account, depending on the withdrawal method you chose in the previous step.

7. Confirm the withdrawal, enter your verification code (text or email, or both), and you’re done.

*The available payment methods might differ based on your region.

We recommend using Binance App Lite Mode for a simple and straightforward experience, but you can sell Bitcoin with both Lite and Pro modes.

1. Download the Binance App on your mobile device and login to your Binance account. If you don’t have a Binance account, click here to open one.

2. In the top left corner of the screen, tap the profile icon and switch to Lite.

3. Tap the trade icon in the middle of the screen and follow the simple instructions.

4. Enter the amount of bitcoin you wish to sell, select your local currency, and enter the amount.

5. Once the sale is confirmed, tap Wallet and choose the local currency you just obtained (EUR).

6. Tap Withdraw, select a payment method, enter the amount, and add the required withdrawal info. If you’re withdrawing fiat for the first time, you’ll be required to link your debit/credit card or bank account, depending on the withdrawal method you chose in the previous step.

7. You’re done. Your money is on its way.

Now you know how to sell crypto into fiat and withdraw your local currency to your credit/debit card or a bank account with minimal fees and fast processing times.

Check out these excellent materials:

3 Ways to You Can Sell Your Bitcoin Into Cash: A Quick Guide from Binance

How to Withdraw Fiat Currency from Binance

(Support) Instant Card Withdrawals