How to sell small amount of bitcoins
How to Sell Bitcoin for Beginners
all right you and bitcoin have had your
run you made your millions and you're
ready to cash out
you're tired of selling drugs on the
street and you're ready to move on to
your next business
buying and selling antique beanie babies
hey man i totally support that
so what i'm going to do is i'm going to
teach you how to take your masses in
bitcoin and other cryptocurrencies
and turn that into united states
dollars you may want to do this just
because bitcoin is not accepted very
many places
so if you want to actually use your
money then you need united states
dollars
at least for now so what you need to do
is you need to get your money
to someone who's willing to pay you for
your bitcoin and the easiest way to do
this
is to work with an exchange so my
recommended exchange
for this is coinbase i'm going to leave
a referral link in the description if
you sell or buy
100 worth of coins then you're going to
get a 10
bonus so you know who doesn't like a
little bonus here and there
so what you need to do is you need to
get all of your bitcoin
into your coinbase account so then you
can
trade it for united states dollars now
before you transfer all your bitcoin to
coinbase
if your bitcoin is already in an
exchange you know maybe you made your
millions
with binance or kraken or gemini or any
of these other exchanges
well the they are all going to have a
similar capability
to cash out on that investment but if
your money is just in a wallet
then what you can do is you can transfer
it to coinbase and then sell it
on coinbase so to get your coins to
coinbase here's what you need to do you
need to go to your portfolio
choose the coin you want to get onto
your coinbase account
so we're going to start with bitcoin
which
oh there it is blind sorry now from here
you can hit
receive and then you just need to scan
this qr code
well not this qr code i mean you can but
you're going to accidentally send all
your money to me which you don't want to
do
so whatever the qr code is on your
account you can scan that with your
wallet
app or you can just use this address and
copy and paste that
really recommend you copy and paste
don't copy it out by hand that's just a
bad idea
all right so this is my wallet i can hit
send and then i can say hey i want to
send 100 bucks of bitcoin
where do i want to send it i can paste
that address
in there or i can hit this little button
scan a qr code
and we're good to go oh hey there
so that's how you send it from your
wallet to coinbase
then once you're in coinbase here's what
you do you go up here to trade
and you're going to sell you're going to
select bitcoin
or whatever cryptocurrency you want to
sell and another side tip i probably
should have mentioned already
if you have a lot of bitcoin maybe don't
send it all at once just if you've never
done it before just send
a little bit just to make sure it gets
to where it's going to go it will take
some time
to appear so just get some practice
before you do something stupid and lose
all your coins
so once you got all your coins on here
you can type in an amount you want to
sell so let's say we want to sell
10 worth of bitcoin this is going to
give us
cash not really cash though it's just
like money on our account
so you can preview that cell it's going
to tell you the fees and anything else
hit sell now so you sold that bitcoin
and now what you can do is you can go to
your portfolio and you're going to have
this new asset on here
u.s dollar it's different than usd coin
don't get them confused
us dollar is just money you can bring to
your bank account
so you just type in the amount you want
to withdraw i'm just going to put one
dollar
hit continue
check your bank account you want to send
it to or add a new bank account hit
continue
no fee and withdraw now
and there you go that money is going to
show up in my bank account and i can go
spend that
to buy some classic old school beanie
babies
all right so that is how you sell
bitcoin using
coinbase now this video was a response
to so many questions of people asking me
hey how do i get rid of my bitcoin
well this is your answer so if you have
any other questions please leave them in
the comments section below because i do
read those
and that'll give me ideas for future
videos so stay tuned be sure to
subscribe and i'll see you in the next
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