Do you want to sell cryptocurrency on Changelly?
Changelly is a crypto exchange also inaugurated that brings you the best rates from the centralized exchanges.
Selling crypto for fiat is always a difficult task. But this is not the case with Changelly.
This platform allows you to buy, sell, and convert your favorite cryptocurrencies within minutes with a simple process.
Changelly has partnered with Mercury to enable its user to:
- Buy cryptocurrencies such as BTC, ETH, XRP, SOL, and more
- Sell cryptocurrencies
- Convert crypto into fiat currency
- Withdraw fiat currency USD, Euro directly to your bank account
One of the main reasons for the popularity of this platform is that you don’t need to give your KYC to be able to buy and sell cryptocurrencies on their platform.
What Do You Need To Have For Seling Crypto On Changelly?
To be able to sell your cryptocurrencies on Changelly, you need them to pass the basic KYC verification. For the Basic KYC, you need to provide the following documents:
- National ID card (for certain countries only)
You will also need to give your bank details, and your card details to withdraw your funds later to your bank account.
How To Sell Cryptocurrency On Changelly?
To sell cryptocurrencies for Fiat currency on Changelly, the first step is to find the pair of the crypto and Fiat currency that you want to sell.
Then complete your identity and email verification to proceed further.
Next, you need to select the withdrawal method and bank details.
The final step is to send the cryptocurrency currency and the amount of that crypto can see that you want to sell on changing
Steps to Sell Cryptocurrency on Changelly
Step 1- Go To ‘Sell’
Once you have opened the official website of Chengelly.com, then go to the sell option and select the ‘sell crypto’ option to continue your selling process.
Step 2- Find the Crypto and Fiat currency Pairs
After clicking on the sell to the sell option on changelly.com. You need to set the pair of cryptocurrency and Fiat currency.
For example, if you want to sell Bitcoin, then you need to select BTC in the first section and enter the amount you want to sell.
Next, select the Fiat currency on the other section like USD and Euro that you want to get and click on ‘sell’.
Step 3- Complete the Email Verification by Mercuryo
Next, you need to provide your email verification to secure your sell process
Now ‘click’ on sending the code now to receive your code on the email address.
You will receive a verification code on your email address that you need to enter in the website within the given time. Without doing so, you will need to redo the process again.
Step 4- Verify the Identity
Now Mercury will verify your identity with your email address.
Identity verification is a three-step process that contains:
- Document verification
- Selfie of yourself with the ID card
- Identity card, passport verification
You can also complete this step on your smartphone by scanning the QR code on your smartphone.
Step 5- Choose Payment Method
The next step is to choose a payment method to complete the process. There are two options such as bank account and cards.
It depends on you and which service looks easy to you and helps you most. If you are ok with the bank, then go for it.
Otherwise, you can choose the card option.
Mercuryo accepts Master Card and VISA cards for now. But these two are the most popular card services, so yo should not worry about it.
Enter the details of the payment method you are proceeding with.
Step 6- Enter the Refund Address
Now, the Mercuryo will ask the crypto wallet or exchange address to refund the crypto if the transaction fails. This is a very important step and you need to enter the address carefully.
Otherwise, you will lose your funds.
Once you enter the address, click “Continue”.
It might take some time to receive your money on your card. Usually, it does not take long.
It is important to keep in mind that price deviations can affect your sales and affect your transaction profitability.
- If you are selling a small amount of crypto and don’t worry about the price deviation, or it won’t affect your transaction, you need to choose the “Unconditional Payment” return option.
- Otherwise, if you are selling a fair amount ( large amount) of crypto and don’t want to sell for a loss if the price goes up more than 5%, you should choose “within 5%”.
So that your transaction doesn’t suffer due to price deviation.
Once you have chosen the right option from the above two, then, click “Continue”.
Step 7- Send Crypto to Mercuryo Wallet
You can see order details along with the platform fee which is 5 USD for $1,000.
Below the details, you can see the Mercuryo wallet address to which you need to send the cryptocurrency that you want to sell.
Step 8- Wait for the Transaction to Complete
After sending the crypto to the Mercuryo wallet address, you need to wait for a few minutes.
Once the transaction is completed, you will receive your money on your card.
Usually, it takes less than 10 minutes to receive money on your card if you sell cryptocurrency on Changelly. However, if the blockchain is congested, it may take longer.