At Coinmama, we pride ourselves on being your trusted partner in the world of cryptocurrency investments. We recognize that making informed crypto investments requires both the ability to buy and sell digital assets seamlessly. That’s why we’ve made it our mission to offer you a user-friendly, hassle-free solution for selling any cryptocurrency and conveniently receiving funds directly into your bank account.
What sets us apart is that we never compromise on your financial freedom or security, and you can sell coins from any wallet, including those not originally acquired through Coinmama.
Since our inception in 2013, Coinmama has remained committed to simplifying the crypto experience worldwide. With a dedicated user base spanning 188 countries and exceeding 3,500,000 users, we’ve become your go-to platform for swift Bitcoin purchases. Whether you prefer the convenience of using a credit card, debit card, or wire transfer from your bank account, we’ve got you covered.
Millions choose Coinmama on a daily basis because of our:
Easy to use, and secure platform
Excellent Customer Support of Crypto Specialists
Reputable brand, operating since 2013
We believe in a world without middlemen, where we, the people, are in charge of our own economies, and we’re excited to be on the forefront of the financial revolution.
One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use “buy/sell” button and you can choose which cryptocurrency you want to sell and the amount.
It usually takes exchanges a couple of days to transfer the funds. However, on Binance P2P you can convert your bitcoin into cash instantly, depending on how fast the party makes payment and the payment method you are using.
The easiest way for someone to sell their Bitcoin and receive cash is by using a cryptocurrency exchange platform like Coinbase or Binance. These platforms allow users to sell their Bitcoin and withdraw the funds directly to their bank account.
If you sold bitcoin on Cash App, you may owe taxes relating to such sale(s). Cash App will provide you with your IRS Form 1099-B based on the IRS Form W-9 information you provided in the app. Cash App does not report a cost basis for your bitcoin sales to the IRS.
Perhaps the most typical way of cashing out large amounts of Bitcoin is using a centralized exchange (CEX). These platforms provide extensive crypto trading tools and offer a few cash-out ways.
A: To transfer Bitcoin to a bank account, sell your Bitcoin on a crypto exchange for fiat currency. Link your bank account to the exchange, complete identity verification, and then withdraw the fiat cash to your bank account. Withdrawal times and fees vary depending on the exchange.
The basic way for a user to send BTC is to copy the recipient's address and then paste it into their wallet's 'send' field. Or, they can scan the recipient's QR code and automatically fill it in.
You can buy Bitcoin instantly in the BitPay app or through the BitPay website online. Select the amount you want to convert to Bitcoin. Enter your wallet information to confirm where you'd like to receive your Bitcoin.
Crypto purchased with a debit card will be instantly available to transfer. You can find our Terms and Conditions and Acceptable Use Policy by clicking Legal at the bottom of any PayPal page.
Selling crypto to your debit card usually involves using a crypto exchange or wallet service that offers withdrawals, selling your crypto for fiat currency on the platform, and then withdrawing money to your linked debit card.
Enter the amount of Bitcoin you want to withdraw (you can toggle between BTC or USD) Either tap the top left corner of the screen to access the QR code scanner or tap Send to enter the external wallet address manually. Tap wallet address to confirm. Tap Next.
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