Post
Topic
Board Electrum
Re: Created a Receive request
by
Findingnemo
on 05/12/2024, 04:12:36 UTC
Now I need to figure out how to get it into my bank account, now. Thank you all so much!!

You have to pick the exchange to sell your Bitcoin based on your country. For most countries, Binance will work fine but if you are from the UK then you can try Coinbase. While you are selling try to avoid p2p where scams like chargebacks are possible so sell directly for fiat and then withdraw to your bank account which maybe slightly expensive but it's the safest. Also don't deposit your BTC before verification, only do that after getting verified since every exchange made KYC mandatory for withdrawals.

I'm trying to figure out Binance right now. I'm trying to get it into my bank account. If you have tips, that would be awesome. Thank you again for the help.


As I said it depends on your country, just register using email and then go to the verification to get it completed with simple ID verification. Then you may have to add Bank account to deposit the fiat and then you just choose the BTC/fiat pair and create a sell order at the current market price or a little higher as you wish. Once the trade is successful you will see the fiat balance in your portfolio which you can withdraw directly to the connected bank account.