Cryptocurrency Q&A
Where does money go when you sell Bitcoin?
Where does money go when you sell Bitcoin?
CryptoTamer
Thu Oct 10 2024
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7 answers
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I sold some Bitcoin and now I'm wondering where the money goes. Does it go directly to my bank account or is there some intermediate step? How does the process work?
7 answers
Lucia
Sat Oct 12 2024
Once your identity is verified, the next step is to LINK your bank account to the platform. This allows for seamless transfers of funds between your bank and the platform.
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amelia_martinez_engineer
Sat Oct 12 2024
With your bank account connected, you're ready to initiate the selling process. Locate the Bitcoin (BTC) you wish to sell and select the option to sell.
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CryptoDynasty
Sat Oct 12 2024
The platform will provide a specific Bitcoin address where you need to send the BTC you're selling. This ensures the transaction is securely tracked and processed.
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DaeguDivaDance
Sat Oct 12 2024
To sell Bitcoin (BTC) using this method, the initial step involves creating an account with a reputable platform. This process typically requires basic information for account setup.
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CryptoTitaness
Sat Oct 12 2024
After sending the BTC to the specified address, the platform will handle the sale on your behalf. This involves finding a buyer and facilitating the exchange of BTC for cash.
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