Getting to know crypto-currency exchange platforms
As a beginner, it's important to get informed before you start selling your crypto-currencies. We'll help you do just that.
Start by checking the market price of the crypto before sending a sell order. It's best if you can do both from a single interface.
If, for example, you sell your Bitcoins from a crypto-currency platform, you'll be able to consult Bitcoin prices there in real time and find out the real market prices.
Transaction fees can vary from one platform to another. That's why we strongly advise you to take the time to compare the different exchange platforms. And never forget to take into account other important criteria such as security, ease of use, supported withdrawal methods…
We'd like to suggest two sites that are essential if you want to be able to sell at any time and get your hands on the majority of crypto-currencies in circulation:
– eToro: This social trading site is one of the world's leading platforms. Millions of people have already discovered it and become active in crypto trading and investing.
– ZenGo: is an application that allows you to buy, sell, exchange and save Bitcoin, Ethereum, DogeCoin, Cardano etc…
Each of these platforms allows you to be active, to sell your digital currencies at any time and in a simple way.
Next, we'll explain in detail the steps you need to take once you've chosen your exchange platform.
Step 1: Synchronize your bank account with your online account, the one that enables you to sell your digital funds.
To achieve your financial goals, you'll first need to take your bank account details and provide them to your online broker. Remember that this first step is not necessary if you just want to collect your winnings without transferring them to your bank account. Otherwise, here's how to provide your bank details.
If you choose eToro or ZenGo social trading, you can do this by going to your personal account options. You'll need to start by going to your payment options, find and click on "Add a bank account."
Fill in all the fields: full name, IBAN, BIC number, bank address. Click on "Save" or "Save bank account. As soon as you receive a confirmation e-mail, click on the link provided to verify and register your bank account.
This procedure must be carried out on all accounts opened on crypto-currency platforms you use. Note that on eToro, just as you can buy Bitcoins with PayPal, for example, you'll be able to retrieve the funds linked to the sale from your PayPal account.
Step 2: Selling crypto-currencies on eToro, a guide to the procedure
The eToro trading platform has been in business since 2007. Thanks to its clean, intuitive interface, you'll have no trouble getting to grips with it. To sell Bitcoin, Ethereum, Cardon and other crypto-currencies on this platform.
How do I get started?
Start by logging into your eToro account, then in the "Menu" bar, click on the "Wallet" tab. Scroll down the options using the cogwheel, then select Bitcoin, Ethereum or others from the list of crypto-currencies. A window will appear on the screen.
Next, enter the amount you wish to sell in this window (please make sure you have sufficient funds in your balance). Once you've sold, the platform will convert directly into euros or the fiat currency of your choice. Click on "Close". Your order to sell Bitcoin has been sent, and you now have your funds in your eToro account.
sell bitcoin
Click on the "Sell" option to open a window with a real-time conversion tool. Enter the amount you wish to exchange for your bitcoins, making sure you have enough bitcoins in your account. Then click on "Continue".
You will then receive an e-mail summarizing your sell order. This means that the operation has been completed successfully and that you now have the equivalent in euros of the bitcoins sold in your ZenGo account.
If you wish to withdraw the full amount obtained from the sale of bitcoins, you can use the same methods offered by ZenGo when buying crypto: bank card (Visa and MasterCard), Apple Pay, bank transfer (if you're in Europe, for example).
Funds will be returned to your bank account via wire transfer within a few days. What about fees? The minimum fee charged by ZenGo when selling bitcoins is €20 (1.99% fee, network fee and spread of a few %).
You've got the funds and now you want to sell your crypto-currencies. You'll need to transfer the funds to your bank account. But you need to know that, according to eToro's GTC (General Terms and Conditions of Use), you need a minimum amount of 50 euros to transfer digital funds from your eToro account to your bank account. And you'll be charged a 5 euro fee for each transaction. So it's best to make substantial withdrawals.
Making the transfer: click on the "Withdraw funds" tab at the bottom left of the screen. A window will appear in which you can enter the amount to be withdrawn following this crypto-currency sale. Then click on "Submit".
Have the steps been followed?
You will receive an e-mail informing you that your request is being processed. Then, you'll need to wait around 10 working days for the digital funds linked to the crypto-currency sale to be available in your account in the form of fiat currency.
Guide to selling crypto-currency on ZenGo
zengo
After creating your account on the exchange platform, you need to click on the "Sell" option for a window to open with a real-time conversion tool. Then enter the amount you wish to exchange for your bitcoins, making sure you have enough bitcoins in your account. Then click on "Continue".
You will then receive an e-mail summarizing your sell order. If you receive this e-mail, it means that the operation was successful and that you now have the equivalent in euros of the bitcoins sold in your ZenGo account.
The funds will be transferred back to your bank account within a few days. The minimum fee charged by ZenGo when selling bitcoins, Ethereum etc. is €20 (1.99% fee, network fee and spread of a few %).
We hope you find these explanations useful and helpful.
We'd also like to know if you're interested in selling your crypto-currencies? Yes, we are. We'd also like to hear about your experience, i.e. how successful your transactions have been, and whether you'd suggest it to others.
