Selling Bitcoin is a similar process to buying Bitcoin, and can be done through a cryptocurrency exchange or broker. Just in the reverse, to a degree.
Step 1: Choose a Bitcoin Exchange or Broker
If you have bitcoin but not from an exchange then you will likely want to set up an account with an exchange. Best practice is to go with a big name reputable exchange. Keep in mind, as you have seen, they do fail. But we are just selling today.
Some of the most popular exchanges include Coinbase, Binance and Kraken plus Gemini.
Again, if you are not already on an exchange, bounce around and see which one fits your needs and fits whatever country you are in the best.
Step 2: Create an Account
Simple, once you have figured out what exchange to use, create an account. You may need to give some personal information including some sort of government issued ID. You will also need to add a bank account if you want to withdraw the bitcoins.
Step 3: Transfer Your Bitcoin to the Exchange
To transfer your Bitcoin from your wallet, you will need to provide the recipient address, which is a long string of letters and numbers that identifies the exchange or broker’s wallet. There may also be a transaction fee.
Step 4: Place a Sell Order
Now just select the amount you wish to sell. And click it!
Step 5: Withdraw Your Funds
Once your sell order has been excecuted, the funds should be available in your account. You can then withdraw those funds back to your bank account.
Pretty simple, right? The key is really finding a good, trustworthy exchange and then setting up your account.
And from there, you can repeat the process as much as you want.