Mini Guide to Sell Your Bitcoins: From the beginning of its journey bitcoin is being the most argumentative topic in the world. Some people doubted that bitcoin will not stay long. But, in just a few years bitcoin has become so popular that many investors suggest investing in it.
Due to its high volatility nature, you can invest bitcoin for short-term investments. But, investors often recommended you to hold your bitcoin for a long period of time because you will get a huge return if you keep your coins for a longer time in your wallet or crypto account.
But, you must have an exit plan while you invest in crypto and you might need some cash by selling your coins. In this case, you can choose the best platform for selling and buying your coins. You can use the Ekrona App app. It is a trusted platform by many investors and you can buy or sell your coins from this user-friendly platform.
Before you sell your bitcoin, you need to check the alternatives because you can also keep your coins safe from price fluctuations by converting your bitcoin into stablecoins. For example, you can convert your bitcoin into BUSD, and you can keep your stablecoins protected with fiat valuation.
Converting your bitcoin into cash can take more time and you need to go through some hassles. Along with that, you need to pay a hefty transaction fee for the same. To save your transaction fees, you can simply use your crypto card issued by your exchange. Else, you can also use your wallet linked with your crypto account. You can make transactions with your card or wallet, and pay your bills with bitcoin. For example, there are some crypto cards available that are widely accepted in Europe, and you do not need to convert your bitcoin into cash if you have such cards.
Selling the coins in a direct mode can be risky and you can lose your coins if you choose a fake buyer. So, always check the safety and security features of the listing portal before you place an offer. You can choose a portal where buyers can deposit the funds to your account and you can release your coins to the buyer’s account, but the portal will clean the transactions from their end after getting the confirmation from both the parties.
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