Want to learn “How to Sell Bitcoin On Binance Canada”?
Then this guide is for you.
If you are a crypto investor from Canada and have some knowledge about what bitcoin is? then it is going to be a really helpful article if you want to sell your cryptocurrencies like Bitcoin and ethereum in Canada using the Binance wallet.
Due to the clean and user-friendly interface, most beginners from all around the world including Canada use this exchange to buy, sell, and trade crypto. There are multiple ways that you can use to sell your bitcoin. You can use the Binance mobile app, and also the Binance website to do that.
First, I will show you how to sell your crypto assets and get cash in Canadian dollars using the Binance mobile app which we call mobile wallet.
It is straightforward to sell bitcoin or any other currency which is available on the Binance exchange through the Binance mobile app in Canada. And it is so important to learn to sell crypto as well as buy it.
The good thing is that you can get cash into your bank or any other digital account when you sell bitcoin or ethereum, Solana on Binance app In Canada. It is almost the same method that users use in those countries where crypto is not allowed at the government stage.
How To Sell Bitcoin & Other Cryptocurrencies On Binance Cannada Using Binance Mobile App?
The first step is to log in to your Binance account on your smartphone and click on the wallet at the right bottom.
The second step is to click on the funding wallet on your balance app. If your funds are not showing in the funding wallet, it means that your funds are in the spot wallet. You need to transfer your funds ( bitcoin, ethereum, Shiba Inu, dogecoin) to your funding wallet. So you can sell them in the P2P section.
Step three is to go to the p2p option which allows you to trade peer-to-peer crypto. Although this is a little risky, Binance does a great job in terms of securing the deal between the two parties.
The 4 step is very easy as you might have used them to buy crypto. Here you will find two options.
1- Buying Crypto
2- Selling crypto
You need to click on the sell option simply. Binance will now show the crypto that you can sell like BTC, EtH, USD, and more. You need to select the crypto that you want to sell to the other party.
Always click on the crypto that you have in your funding wallet so Binance will not reject you. For example, if you have Bitcoin, then click on BTC. Once you select the coin, Binance will show all offers that people have for you and all the users to sell crypto to.
To get a good, fast, and decent deal, check all the conditions buyers have like the payment methods they accept, the amount of crypto they want to buy, etc. Usually, all the buyers have some limits and terms to complete the deal.
Once you find a perfect match for you, click on sell shown in red color next to the name of the buyer, and enter the amount of crypto that you want to sell.
It is time to add a payment method that you want to use to receive your cash into it. Here you can add interact e transfer and add the details of your interact e transfer.
Now Binance will get you to the sell trade window and ask the opponents to pay you the amount in fiat to your account. The seller will do this to get the funds.
Now if you receive the funds into your account and you are confirmed and assured, then click on release funds and complete the process. If you have not received the amount yet in your account, do not release funds to the buyer.
Congratulations, you have sold crypto on Binance Canda in return for fiat money.
How To Sell Bitcoin & Other Cryptocurrencies On Binance Canada Website?
Selling Bitcoin, Ethereum, and other digital assets on Binance Canada is also a simple process. The only thing that changes is the interface of the Binance website.
Repeat all the steps that I have mentioned above, but to make things easier for you. I will show you step by step to sell your crypto on the Binance Canada website.
- Log in to your Binance Canada account
- Click on the wallet at the top right corner
- Transfer the cryptocurrency from your spot wallet to your funding wallet. If the cryptocurrency is already in the funding wallet, then you are ready to go to the next step
- Click on P2P trading under the “Buy Crypto “ tab
- You will get two options, select “ I want to sell.”
- Select the currency you want to sell. For example Bitcoin, BNB, Ethereum
- Now you will see various advertisements posted by different buyers for the selected crypto
- Select the offer that you like and also the payment method. You can also filter offers by payment method, and the buying amount
- After selecting the payment method, add your payment details
- Once you receive the payment, release the funds