How do I sell bitcoins? How do ordinary people get bitcoins?

Suppose you have 10 bitcoins in your hand and want to sell them. The operation is actually not complicated. You can resell Bitcoin into fiat or other digital currencies through a cryptocurrency exchange and trade it at market prices. For ordinary people who want to obtain Bitcoin, in addition to purchasing through exchanges, they can also obtain it through mining or participating in reward activities for some blockchain projects. Today, we will introduce in detail how to sell Bitcoin and how ordinary people can easily obtain Bitcoin, giving you a better understanding of the acquisition and sale process of this crypto-asset.

How to sell Bitcoin in your hand

If you have Bitcoin in your hand and want to sell it, there are several usual operating methods. The specific steps are as follows:

1. Select a trading platform

You first need to choose a cryptocurrency trading platform to sell Bitcoin. Common trading platforms include:

Binance

Huobi

Coinbase

OKEx

Kraken

Most platforms support transferring Bitcoin to the platform and then converting it into fiat currencies (such as US dollars, RMB, etc.), or directly converting it into other cryptocurrencies (such as USDT, ETH, etc.).

2. Register an account and complete authentication (KYC)

Register an account on the selected platform. Usually you need to provide a valid email address, mobile phone number and set a password.

Complete Authentication (KYC). This step is to improve security and comply with the platform\'s compliance requirements, which usually requires uploading identification and selfies.

3. Transfer Bitcoin to the exchange account

On the trading platform, find the \"recharge\" or \"recharge\" option and obtain the Bitcoin recharge address provided by the platform.

Transfer Bitcoin from your wallet (whether it\'s a hardware wallet or a software wallet) to the exchange\'s wallet address.

Note: When transferring money, you must check whether the address is correct, because cryptocurrency transactions are irreversible, and once the transfer fails or the address is wrong, the funds cannot be recovered.

4. Sell Bitcoin

Once Bitcoin is successfully transferred to the exchange account, you can start selling:

Market Sell: You can choose to quickly sell Bitcoin at the market price. This is the fastest way to sell, but the price may be slightly lower than what you expect.

Limit sell: You can set a sell price, and the trade will be executed automatically only when the market price reaches the price you set. This is suitable for users who want to sell at a specific price point.

Exchange selection: You can choose to convert Bitcoin to other stablecoins (such as USDT) or fiat currencies, or you can choose to convert Bitcoin to other cryptocurrencies (such as Ethereum, Dogcoin, etc.).

5. Withdrawal of legal currency

If you choose to convert Bitcoin into fiat currencies (such as RMB, US dollars), you can withdraw cash through bank transfer, Alipay, WeChat, etc. The specific withdrawal method depends on the payment method supported by the exchange.

When withdrawing cash, you need to pay attention to the platform\'s withdrawal fee and withdrawal time.

How do ordinary people get Bitcoin?

There are many ways to obtain Bitcoin. The following are a few common ways:

1. Buy through a cryptocurrency exchange

Register a trading platform account: First, you need to register an account on a reliable cryptocurrency trading platform (such as Binance, Huobi, Coinbase, etc.).

Authentication: Most trading platforms require you to complete Authentication (KYC), which is to prevent money laundering and fraud.

Deposit funds: Deposit funds (such as RMB, US dollars, etc.) into the platform account through bank transfer, Alipay, Weixin Pay or credit card.

Buy Bitcoin: Once you have funds in your account, you can buy Bitcoin directly on the platform. Most platforms support the purchase of bitcoin with fiat or through stablecoins (such as USDT).

2. Buy through P2P(OTC) platforms

If you do not want to use the exchange\'s centralized trading, you can choose P2P platforms (such as Binance P2P, Huobi OTC, LocalBitcoins, etc.) to make purchases.

P2P transactions match buyers and sellers through a platform. The buyer directly pays fiat to the seller, and the seller transfers bitcoin to the buyer. Make sure you choose reputable sellers to avoid fraud.

3. Buy through Bitcoin ATMs

Currently, in some cities, there are already Bitcoin ATMs that can purchase Bitcoin directly through cash. You can use cash to buy Bitcoin on your machine and transfer it to your wallet.

This approach is ideal for those who do not want to purchase Bitcoin through traditional banking channels, but may incur higher fees.

4. Get Bitcoin through work or services

If you are doing freelance work (such as programming, design, content creation, etc.), you can also get Bitcoin by accepting Bitcoin payment.

Some platforms or individuals will pay directly through Bitcoin, and you can choose to get it directly through this method.

5. Mining Bitcoin through miners

Mining is the original way to obtain Bitcoin. By participating in the Bitcoin network through professional miners, miners receive Bitcoin rewards by verifying transactions and creating new blocks.

However, since mining requires high technical and financial support, and the difficulty of mining Bitcoin is gradually increasing, it is both difficult and costly for ordinary people to obtain Bitcoin through mining.

6. Bitcoin givers or rewards

Some platforms or individuals may donate Bitcoin to users through Bitcoin rewards (such as airdrops, promotional rewards, etc.). Participating in these activities sometimes requires completing certain tasks (such as registering, sharing, participating in social media activities, etc.).

Tips:

Wallet selection: After purchasing Bitcoin, it is recommended to deposit it in your personal crypto wallet rather than deposit it on an exchange for a long time. Cryptocurrency wallets can be divided into hot wallets (online wallets) and cold wallets (hardware wallets). Cold wallets provide higher security and are suitable for long-term storage.

Risk warning: Bitcoin prices are highly volatile, and risk should be assessed before investing to ensure that you understand the high-risk nature of the cryptocurrency market.

Summary

● Selling Bitcoin: You need to select a trading platform to perform account registration, identity verification, recharge, sell Bitcoin, withdraw cash and other operations.

● Get Bitcoin: You can purchase it through a variety of methods such as cryptocurrency exchange, trading on P2P platforms, Bitcoin ATM, work remuneration, or participating in miners mining.

● Whether you are selling Bitcoin or getting Bitcoin, the most important thing is to choose a reliable platform and keep the security of your account.