Cryptocurrency trading has security risks and uncertain volatilities that you should consider during transactions. Whether you focus on Bitcoin, Ethereum, Dogecoin, Ripple, or USDT, you should practice all necessary precautions.
One of the options when trading crypto is selling it for cash, especially if you are in business or want to buy other cryptocurrencies later. In fact, selling crypto for cash is one of the popular transactions on many exchange platforms.
So, how do you sell cryptocurrency for cash without risks? If this is your concern, then you have a lot of security options that we will discuss here.
How Do You Sell Cryptocurrency for Cash? Selling Through a CEX Platform
A CEX platform is a centralized exchange that facilitates the quick exchange of cryptocurrencies for cash and other crypto coins. It has centralized operation and management with enough liquidity to provide instant exchanges to verified users who typically must have an account with the platform.
How do you sell cryptocurrency for cash without risks on a CEX platform? Well, you need to choose the most reliable platforms that are trusted by the entire crypto community. These platforms have operational procedures that ensure smooth crypto exchange and provide a secure trading environment as well. CEX platforms can operate either online or at physical exchange offices.
How do you sell cryptocurrency for cash securely? If you are searching for reliable CEX platforms that will reduce your trading risks when cashing out your crypto coins, then consider the following options.
- NakitCoins – If you are looking forward to buying and selling cryptocurrency for cash in a convenient, secure, and affordable way, NakitCoins is one of the best examples. Their physical exchanges and major operations are based in Turkey. They offer unrivaled customer service at their in-person offices. Therefore, it is an excellent option for anyone who is wondering about this question: how do you sell cryptocurrency for cash without risks?
- CEX.IO – This is among numerous secure and reliable crypto platforms to sell your Bitcoin or any other cryptocurrency for cash. How do you sell cryptocurrency for cash on CEX.IO? Apart from being a secure platform to trade without risks, it also offers a lot of trading information and tools to help you make informed decisions. One of the best tools to interact with is the exchange calculator, which shows you the amount of fiat money you will get for selling your cryptocurrency. All these features are accessible on both the web platform and the app.
- Binance – This is a globally known crypto trading platform with all the appropriate security measures in place. Whether you are buying or selling their native coin Binance or hundreds of other popular coins, you can rest assured that you are on a secure platform. It is also rich in resources you need to sell your crypto coins conveniently and securely. Binance is instant, and this reduces the risks of being hacked as you wait for delayed transactions. You can choose to trade on a mobile app or the web platform when using Binance.
How Do You Sell Cryptocurrency for Cash? Selling Through a DEX Platform
Just like a CEX, a DEX is an online exchange platform. The main difference is that it uses a decentralized approach, where it connects a crypto seller to buyers. So, how do you sell cryptocurrency for cash on a DEX platform? You need to register for an account so that you can list your cryptocurrencies for sale and then wait for a buyer.
Reliable and reputable DEX platforms are equally secure, especially trusted ones because they use encryption technology, user authentication measures, and have strict guidelines for their users. While using such a platform, you should also ensure that your device has a secure internet connection to avoid malicious access.
If you prefer to sell your crypto for cash through a secure and trusted DEX platform, then consider these because they are among the many trusted platforms.
- Atomic DEX – This is considered a multi-coin and non-custodial wallet with bank-standard security to lock out hackers and other malicious intruders. It supports hundreds of cryptocurrencies across the world, and you can access it to sell your cryptocurrencies conveniently. How do you sell cryptocurrency for cash on this platform? You can access it on desktop, mobile app, or web platform to trade conveniently. Apart from being secure when selling cryptocurrencies for cash, it is an affordable and reliable platform you can trust.
- Savryn – This is a leading decentralized crypto platform for secure Bitcoin trading and lending. It has a user-friendly DeFi feature to help you cash out your cryptocurrencies without making any mistakes. It is also very low cost, making it one of the best platforms you can use on your phone or computer.
- Liquality Swap – DEX is very innovative in diversifying crypto trading. Hence, it is one of the best solutions for those who are evaluating, how do you sell cryptocurrency for cash? For instance, Liquality Swap is a secure and innovative platform that you can use to cash out your cryptocurrencies through their secure wallet from anywhere in the world.
Selling Through a Bitcoin ATM
How do you sell cryptocurrency for cash without risks? Have you heard of Bitcoin ATMs? These are physical cryptocurrency vending machines available in different locations, and you can cash out Bitcoin and many other cryptocurrencies here. They are considered secure because all you need is to scan your wallet after indicating the amount of Bitcoin you want to sell.
Typically, a BTC ATM provides the users with all the information they need to make informed decisions and avoid unnecessary risks when exchanging Bitcoin for cash. If you are not sure of which ATM to use, just search online, and the maps will show all those that are near you.
While using a BTC ATM, be sure that no one is behind you or follows you after leaving the booth. Also, keep your Bitcoin wallet’s private keys secure. Preferably, you should just know them to avoid written details. This will keep your crypto investment secure.
How do you sell cryptocurrency for cash securely? If this is your concern, then you are not alone. Many people are worried about losing their crypto investment when cashing it out. But with the above options, then you can trade regularly without increasing risks. You can also take more precautions that you know of to remain secure all throughout the process.