Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, control the creation of additional units, and verify the transfer of assets. The network adheres to a proof-of-work protocol to ensure that a central authority confirms transactions. Many people are buying and selling bitcoin online to make huge profits. The process of trading only works through online platforms. But not every platform is secure.
There are many hackers and frauds that you can experience. However, if you choose the platform wisely to sell your bitcoin, you will not face any scams. One of the trusted platforms in Canada to sell bitcoin is Bitcoin4U. The best thing is you can sell bitcoin instantly there. Read more about how you can sell bitcoin online through this platform.
Go to the selling page.
You need to go to the selling page. You can see your account balance in the top right corner; below it, you have a Sell tab. Click that to go to the Sell section of your account. In this section, you can select how much bitcoin you want to sell and choose a payment method for receiving funds.
You can also set an exchange rate for your sale. You might want to increase this if it has been a while since you last sold bitcoin. Click “Review Transaction” when everything is ready, and complete your sale!
Enter the amount you would like to sell.
- Enter the amount you would like to sell.
- The amount is in USD, so make sure you enter it correctly and don’t accidentally input your CAD instead! Suppose you want to sell more than the maximum amount. In that case, we recommend using a different payment method like Interac e-Transfers or a credit card.
Select a payment method.
Select one of the payment methods you want to use from the Dashboard. You can select from the different method:
- A debit card or credit card
- Interac Online (Canadian customers only)
- Direct Bank Deposit (Canadian customers only)
Review the transaction and complete your sale.
You’ll need to go to your online banking account to review the transaction. The payment comes through as an “e Transfer” and a dollar amount. The amount will be the total of all bitcoin sales across your account. So you can check that you’ve received all payments correctly by reviewing this section.
Once you’re satisfied with the amounts listed in your e-transfer, click “Confirm.” This will finalize the transaction and send it through for processing. Suppose there’s an error with one or more payments. In that case, they will contact you about it to resolve it before sending off those transactions for processing, which takes anywhere from 10 minutes to hours.
Now you know how to sell bitcoin online with e transfer. Bitcoin is the most popular cryptocurrency today. People are investing in bitcoin because of its high value, making it profitable to trade and buy bitcoin. They need some way to convert their bitcoins into fiat money to cash out their trading profits. There are many ways you can sell your bitcoin safely and easily, but the best option is through a bitcoin4U that accepts e-transfer as a deposit method. We hope you found this article helpful.