How can I sell bitcoin to cash without verification?
Peter Even though Bitcoin Cash (BCH) has only been around since August 2017, it is now the fourth-largest cryptocurrency behind the original Bitcoin, Ethereum, and Ripple in terms of market capitalization and the second-highest behind Bitcoin in terms of its price. At the time of writing, Bitcoin Cash’s market capitalization stands at $27,619,560,691 USD, while the price of one BCH is $1,631.30 USD.
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If you’ve already bought your share of BCH, you might be considering ways of selling it. This guide will provide you with detailed instructions on how to do so.
Sell it for Bitcoin
As Bitcoin Cash is a relatively new cryptocurrency, there are a very limited number of major international exchanges that support it, especially when it comes to selling it for fiat currencies. It is perhaps easier to trade your Bitcoin Cash tokens for other cryptocurrencies.
A number of globally operating exchanges, such as Poloniex and Bittrex (where Bitcoin Cash is listed as ‘BCC’), enable users to trade Bitcoin Cash for either Bitcoin, Ethereum, or Tether. If you’re looking to sell Bitcoin Cash, chances are you probably already know your way around exchanges and wallets. If you are new, however, you can always check out our ‘How to buy Bitcoin Cash’ guide.
Sell it for cash
Currently, there are three major globally operating exchanges where you can sell Bitcoin Cash for fiat currencies: Coinbase, Kraken, and Cex. Coinbase only allows selling Bitcoin Cash for U.S. Dollars. Kraken also supports Euros, while Cex supports the USD, Euros as well as British Pound Sterling.
Bear in mind, if you’re looking to exchange your BCH tokens for cash, you will have to both link your bank account to exchange and go through a lengthy procedure of identity verification. Once you’ve done all that, you can go ahead an withdraw your funds in cash.
Most exchanges only allow withdrawals to a linked bank account. This can be done via bank wire transfer, SEPA for European customers, SWIFT for customers from almost every country in the world as well as some other options. Moreover, Cex allows withdrawals directly to VISA or MasterCard cards in USD, EUR, or Russian Rubles.
Sell it peer-to-peer
If you wish to avoid all the hassle associated with trading on and withdrawing from an exchange, you could sell you Bitcoin Cash directly to another person. There is a service called LocalBitcoinCash, which facilitates direct trades between users. All you need to do is simply post an offer, or, alternatively, respond to an already existing offer posted by someone else.
Safety tips
Remember to keep your funds safe. Most importantly, never keep too much money in a wallet provided to you by an exchange. The cryptocurrency history is filled with instances of exchanges being hacked and shut down without reimbursing their customers.