1、How to sell bitcoins (1) Ways Sell through an exchange. An exchange is a government regulated business and is connected to the traditional banking system. Exchanges may take the form of a simple website with limited exchange functionality, a digital wallet connected to a bank, or a full-service cryptocurrency exchange that offers a trading mandate book, market maker, etc. Peer-to-peer selling. When selling peer-to-peer, it is possible to bypass the traditional banking system to some extent, for example, by accepting cash payments, using payment applications such as PayPal, or settling transactions directly with goods or services. If one knows someone who wants to sell bitcoins, one can buy directly from him/her. Alternatively, there are platforms that offer matching services to help sellers find buyers and help buyers find sellers. The buyer and seller then negotiate the transaction peer-to-peer. (2) Commissions The commission for selling Bitcoin depends on the payment method and trading platform/channel used. If cash is received via bank transfer, there are of course fees associated with this that need to be taken into account. Exchanges will also charge facilitation fees. These fees cover the operating costs of the exchange as well as a small profit. (3) Identity verification When selling bitcoins through an exchange, you are dealing with a regulated business. These businesses must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These regulations require exchanges to collect and store information about their customers, including identity documents and sometimes proof of address. (4) Selling on bitcoin First you need to create an account, verify your identity and connect your bank account, then send the bitcoins (BTC) you wish to sell to the specified bitcoin address. Once the sell transaction has been processed, the bank account will receive the cash. Visit the Sell Bitcoin website Select Bitcoin Select the currency you wish to receive and enter the amount (either in local currency or in bitcoins) Double check the sell order, then add the wallet address and click continue. The wallet address will be used as the refund address in case the transaction is unsuccessful (very unlikely) Enter your bank details and send bitcoins to the address provided to complete the sell 2. In addition to relying on scientific methods, cryptocurrency arbitrage is also about finding ways to save money. One of the easiest ways to do this is to take advantage of the reduced transaction fees. The handling fee is small, but it must not be overlooked. I have calculated that as long as the transactions are frequent and long, the accumulation of small amounts may result in more than 10,000 U. Next, I will introduce a few common ways to reduce the fees for large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must use the invitation link below or use the invitation code "Q022W7SC" to register. https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum savings rate of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with the forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to the study of trading, add telegram friends to pull you into the community.