How Do I Sell Coins on Bitstamp?
If you are thinking of opening a Bitstamp account to buy and sell cryptocurrency, or you currently have an account and want to sell your coins, you can do so online in a few steps. Log into your account, open your portfolio and select the coins you want to sell. You can sell all your coins or set up a limited order that is tied to the value you wish to set for your sale.
Bitstamp is a European cryptocurrency exchange that allows users to trade Bitcoin, Ethereum and other forms of cryptocurrency.
How do you sell coins on Bitstamp? What is the process? You can learn more about Bitstamp by contacting user support here, and below are the steps to doing your own cryptocurrency transactions.
How to Sell Coins on Bitstamp
Opening and Registering an Account
Before you can complete cryptocurrency transactions on Bitstamp, you must have opened and registered an account. To set up your account, follow these steps:
- Open Bitstamp in your browser.
- Click "Get Started" at the top of the screen.
- Enter the information in the form that opens.
- Hit "Continue."
- Enter the country and state (or province) you live in.
- Agree to the Bitstamp "Terms of Use" and "Privacy Policy."
- Check your email for your verification link. Click the "Complete your registration" button in the email to verify your email address and create a password.
- Register your account by doing the following steps:
- Log into your new account.
- Navigate to the account verification page.
- Enter the requested information.
- Check the circle (yes or no) that best fits your citizenship status.
- Submit a photo of your government issued identification and fill in the form regarding the ID.
- Upload proof of residency (this cannot be the same as your ID, it must be a utility bill, bank account statement or other official bill or statement with your address).
- Complete the KYC (know your customer) form that opens.
- Enter your banking information.
- Follow the prompts to include any additional information needed.
- Enable two-factor authorization/authentication on your account.
Selling Coins on Your Account
Once you have registered your account, you are now ready to do business in the world of cryptocurrency. To sell coins on Bitstamp, follow these steps:
- Log into your Bitstamp account.
- Open your "Portfolio."
- Determine which cryptocurrency you want to sell.
- Select "Trade" to be taken to the trading interface.
- On the trading interface, click "Sell."
- Set your order to sell as either "Market" or "Instant."
- Enter the amount of coins you want to sell and follow the prompts to show where the funds will be deposited following the sale.
- You can also set up a limited order that will not sell until it reaches a set amount you determine (in other words, the limited order will not be sold until the market value reaches the price at which you wish to sell).
Cryptocurrency trading is becoming increasingly more popular. Bitstamp is one of the oldest, most recognized exchanges for digital currency. If you are interested in learning more about how to buy and sell digital currency on Bitstamp, contact user support here.
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