How do I exchange bitcoin for euros?
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How do I sell Bitcoin to Euro
Step 1: Place an order to sell Bitcoin
In contrast to many other brokers, SATOS does not require you to create an account to trade Bitcoin. The first step in the Bitcoin selling process is to enter the amount of Bitcoin you like to sell. You can also enter the amount in euros you would like to receive. The computer will then automatically calculate the other amount based on the exchange rate. Click on ‘Place order’ once you are ready.
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Step 2: Confirm your order
You will now be asked to enter your personal details. We require this information to finalise your transaction. At the top of the page, you can also see the amount of EUR we will pay for your Bitcoin. The only remaining data we require of you are your email address, your bank account number, and the name of the account holder. Have you finished entering all this information? Congratulations, you are nearly done! Click on ‘Confirm order’ to confirm your transaction.
Step 3: Send Bitcoin to SATOS and receive your euros
The final step is to send your Bitcoin to a SATOS wallet address. You will be shown an address which you can use to send us your Bitcoin. It is vital that you select an appropriate transaction fee. This ensures that we will receive your Bitcoin before your order expires. Most Bitcoin wallets automatically display a recommended and customary transaction fee. Once you have uploaded your transaction to the network, you will only need to wait for the confirmation of the miners. We will then directly transfer the euros to your bank account. How long this takes? You will find out in the section below!
How to sell bitcoin at the right selling price?
The pricing of Bitcoin and other cryptocurrencies is extremely volatile. It is not unusual for exchange rates to soar or crash over a single day. So how do you determine the right moment to sell or buy Bitcoin? Well, that's entirely up to you! The only advice we can give you is that no one has a monopoly on the truth. As such, it is crucial that you do your own research. Would you like to know more about the dynamics behind the current Bitcoin rates, and which factors are of influence? Then feel free to have a look at our Bitcoin price chart.