Mar 27, · Once you have set up your account, you will need to send your Bitcoin to your Coinbase Bitcoin address! To do this, click on the accounts tab, open your Bitcoin wallet, and click “ Receive ”. You will then be shown your Bitcoin Coinbase wallet . After the login, please click [Wallet] - [Spot Wallet] on the upper right-hand side of the page, and then click on [Deposit]. 3. Input the abbreviation or full name of a coin/token that you want to deposit or select it from the list. 4. May 05, · So if you want to deposit Bitcoin, then you need to find the Bitcoin address in your account and either copy the address or scan the QR code. Only send BTC to your BTC address, same for all cryptos! 5) Go to the wallet you want to send from Ok, so the next step is to head over to where you are sending/depositing your cryptos from.
How do i deposit bitcoin into binanceHow to deposit to Binance - Step by step guide to depositing crypto
Once you have set up your account, you will need to send your Bitcoin to your Coinbase Bitcoin address! You will then be shown your Bitcoin Coinbase wallet address. This is the address you need to send your Bitcoin to. Next, click on Sell. The next step on how to cash out Bitcoin is in the wallet.
Assuming you have now sent your Bitcoin to your Coinbase wallet, you should see your Bitcoin wallet and your default fiat currency here. This will change depending on where you are located.
For example, U. You will also see your withdrawal limit. If you have already verified your account, your limits will be quite high. However, if you need to increase this, click on See Limits and follow the additional verification instructions!
Before you can withdraw, you need to exchange your Bitcoin to your local currency. Enter the amount of Bitcoin that you wish to sell, and the fiat currency equivalent will update. Once you click on Sell Bitcoin Instantly , your funds will now be in your fiat currency wallet. Ok, so we are at the final step on how to cash out Bitcoin to your bank account. Your bank account details will already be saved from when you set it up earlier.
Another popular choice for Bitcoin sellers is Kraken! Kraken is another popular exchange that allows fiat currency deposits and withdrawals. It has been around since , and processes the most Bitcoin to Euro transactions. Now that you know how to cash out Bitcoin using a broker, let me show you how to do it using a peer-to-peer exchange. There are a few to choose from, however, the one I most recommend is Local Bitcoins.
LocalBitcoins was created in and now supports almost every country in the world. So, no matter where you are from, you should be able to find buyers to sell your Bitcoin to.
The great thing about P2P is that you can request any payment method you want. Here are some examples of the different payment methods available on LocalBitcoins:. Sellers who know how to cash out Bitcoin can also choose the price they would like to sell their Bitcoin for. However, if you sell to a buyer that has listed the price they want to pay, there are no fees. There is also a rating system like eBay, where you can leave feedback for the buyer or seller.
This helps you to remain safe when choosing a buyer. Local Bitcoins allows you to stay anonymous, too when choosing such payment methods as web money or gift vouchers , especially if you also use a reliable and safe VPN to secure your connection. However, some sellers decide to ask new buyers those who have no feedback to supply identification. First, you will need to open an account at Local Bitcoins. You can do this by clicking here. Choose a username and a strong password.
You also need to enter and confirm your email address. Then you need to choose the country where your ideal buyers are located. I recommend using your own country of course , however, this is up to you. In this example, I have selected the UK. You also need to enter the amount of Bitcoin you wish to sell.
In this example, I will show you how to cash out Bitcoin using PayPal. This is a sign of a serious, legitimate buyer. Confirm the amount of Bitcoin you want to sell and enter your PayPal email address. Then click on Send Trade Request. Your buyer will then receive a notification to say that you would like to sell your Bitcoins to them. Once they accept, you will then send your Bitcoins to the LocalBitcoins escrow I explained an escrow earlier, remember? So, the buyer will not receive your Bitcoins until they have paid you, and you confirm they have done so.
The buyer should contact you to let you know that the funds have been sent. Check that the funds have arrived in your PayPal, then click on Payment Received , and you're finished. Once you become more experienced with Local Bitcoins , you can practice selling using different payment methods.
It is also a good idea to set up an advertisement. In this case, you will receive a notification from buyers when they want to buy from you. LocalBitcoins is just one of the P2P exchanges that allow you to cash out your Bitcoin — there are many others.
The important thing to remember is that the exchange has an escrow, and NEVER send your Bitcoin to a buyer before they have paid! If you have read this guide from start to finish, you should now know how to cash out Bitcoin! We have shown you two different methods — the broker exchange way Coinbase , and also the peer-to-peer way. They both have their advantages and disadvantages. Coinbase can be more convenient and safe for beginners , whilst LocalBitcoins allows you to remain anonymous and sell at a higher price.
So, which did you prefer? Are you going to use a broker for cashing out Bitcoin, or a P2P exchange? We do not publish biased feedback or spam. So if you want to share your experience, opinion or give advice - the scene is yours! Reading up on how to cash out Bitcoin, you'll quickly notice that there are quite a few different ways of going about it. The general opinion, however, is that utilizing a cryptocurrency broker or an exchange is still the best way to go about it.
In general - yes. While cashing out Bitcoin might not always be a good idea at some specific point in time for example, when Bitcoin's prices are low , if you're doing it safely , then you might actually make a pretty decent profit!
When I say " safely ", naturally, I'm talking about utilizing a highly-rated crypto exchange , i. Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally.
That said, many users believe that Coinbase is one of the simpler exchanges on the current market. The exchange platform i. Binance acts as a middleman - it connects you your offer or request with that other person the seller or the buyer.
When considering cryptocurrency exchange rankings, though, both of these types of businesses exchanges and brokerages are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity. To find out more about it read our Disclosure page. For anyone interested in using the cryptocurrency exchange Binance , but you are a bit unsure how it all works and how you can deposit to Binance?
For newcomers to the crypto space, these things might seem a bit daunting and complex. For all three Binance exchanges you can, of course, deposit cryptocurrencies. Click on Wallet and then Spot wallet to find the address to the cryptocurrency that you want to deposit to your Binance account. It might not be clear to everyone but most cryptocurrencies have their own unique address structures.
Meaning a Bitcoin address is unique in its structure and differs from an Ethereum address. Here you will see a list of cryptocurrencies available on Binance. Any of those cryptos can be deposited to Binance.
And it is important that you copy the unique address for the cryptocurrency that you want to deposit. Otherwise you might risk losing your cryptos. So find the cryptocurrency in the list, scroll or search for it and then click on deposit.
So if you want to deposit Bitcoin , then you need to find the Bitcoin address in your account and either copy the address or scan the QR code.
If you are using your phone and with a wallet app then you can scan the QR code from your phone! Otherwise paste in the address that you copied from your Binance account. You can follow your deposit live from your Binance account. When the transactions has been confirmed you can check your balance to see it has been updated to match the amount you sent. When it has been confirmed you can check your balance in the wallet address where you sent your cryptocurrencies to.
As mentioned above you can also deposit fiat money from your Binance accounts. With Binance you can also deposit fiat money via any of the connected payment services listed on the site. They take a fee and might need you to complete some KYC checks. Go to your Spot Wallet again and click on Fiat and then you will see a list of options for payment gateways to use. Here you can deposit fiat money from a credit card or debit card purchase.
Or via a bank transfer. It depends on the payment solution what they can provide you with. You will need to complete KYC checks for them before you can start. Ok, that is the end of this guide on how to deposit to Binance.
I covered both how to deposit cryptocurrencies and fiat currencies to Binance.