With the Pi Network mainnet moving forward, trading is now possible on crypto exchanges that support Pi trading. The process is finally possible if you’re asking how to sell Pi Coin, but you must know the right steps. With billions of Pi in circulation, this guide will help you understand how to trade your coins easily and safely. Every buy, sell, and transfer counts as a taxable event, and tracking them can be a nightmare if you haven’t been keeping good records.
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Depending on how long you’ve had your Bitcoin, selling might mean paying capital gains taxes, which eats into what you make. All information, including rates and fees, are accurate as of the date of publication and are updated as provided by our partners. Some of the offers on this page may not be available through our website.
Have a strategy, consider taxes, and choose the right selling method for your needs. Once you’ve chosen your selling method, you need to transfer your BTC from your personal wallet to the platform where you’ll sell it. If only there were a magic alarm that rang when it was the perfect time to sell your Bitcoin. But the crypto market doesn’t play by the rules—it’s unpredictable, dramatic, and sometimes downright ruthless. While timing the market perfectly is nearly impossible, there are a few key situations where selling might make sense.
Best Exchanges for Selling Cryptocurrency in 2025
However, it has since recovered as more traders and investors show interest. Here’s a step-by-step guide to ensure you sell your BTC smoothly, securely, and without losing money to unnecessary fees. The crypto world isn’t just about charts and numbers—it’s deeply tied to regulatory news, economic downturns, and global sentiment. If governments start cracking down on Bitcoin, major institutions pull out, or a bear market is looming, reducing your exposure could be a defensive move. If you bought crypto with dollars and didn’t sell it, you likely don’t have to report anything.
Gate.io is one of the longest-running centralized exchanges, supporting a wide range of cryptocurrencies, including Pi Coin. It has high liquidity, meaning you can sell without big price changes, and offers low fees for trading. Cryptocurrency is a modern digital asset and method of exchange that relies on blockchain technology and is protected by cryptography, ensuring the assets can’t be forged. Essentially, cryptocurrencies serve as alternatives to traditional currencies like the euro, dollar, yen, and others. Unlike electronic bank money, the key distinction is that cryptocurrency operates in a decentralized system, with no central authority controlling it.
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- Since YFI has now corrected almost 66% some investors may look to sell Yearn Finance and look into other projects that are still in a bullish uptrend.
- They are often considered a great store of value and they are recognized in hundreds of exchanges.
- The tax rate is between 0-20 percent as the actual taxing begins from $40,401.
- He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK.
- The most basic way to withdraw funds is to move them to your bank account.
First, ensure your Bitget account is fully verified through their KYC process. Once logged in, navigate to the “Assets” tab at the screen’s bottom-right corner. At this stage, you need only bitcoin and cryptocurrency wallets market research report 2027 wait for the Pi KYC team to verify your identity.
No profits are forex commodities indices cryptos etfs guaranteed, and you may lose some or all of your investment. Always invest responsibly and only with funds you can afford to lose. Then sell your crypto for fiat, and get paid directly to your bank account, credit card or debit card. You can also do a direct trade, selling your cryptocurrency directly to another person.
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To buy them, you must be a user of the exchange, input funds into your account, then search for the asset of your choice and proceed to open a buy trade. When investors are not careful enough to make analyses, fundamental and technical, they risk losing their trading capital. The platform is known for its derivatives market, with high liquidity and advanced trading features such as margin trading, grid trading, and automated strategies. Bitget has also partnered with high-profile organizations and influencers in the cryptocurrency industry to promote adoption and education.
Lesser known altcoins can be sold on Binance, the best exchange for altcoins, before they eventually get listed on Coinbase and eToro if they become more popular. Read our full guide on how to sell Ripple if you’re looking to book profits on a big pump, as XRP likes to have short-lived bull cycles where it marks up in price followed by a longer bear cycle. A popup window will automatically appear, detailing your available balance. Fill in the amount you wish to withdraw, having in mind that eToro charges a fixed $5 fee for withdrawals. After this choose your reason for withdrawal and desired withdrawal channel. Before you can withdraw funds on eToro, there must be value in your available balance where the withdrawal would be drawn from.
Using a peer-to-peer marketplace is a little harder than other methods, but it gets around the transaction fees and limitations of going through an exchange. However, if you’re willing to take on the challenge, this is how you make a P2P trade. There are some problems around this, such as what happens if the buyer doesn’t pay up, and the peer-to-peer marketplaces will still have some information on who you are.
Via a Crypto Wallet or Off-Ramp
To sell Pi Coin, you first need to transfer your coins to an exchange that supports Pi trading. However, before making any transfers, you must complete the Pi Network Mainnet Checklist to unlock the transfer feature. Right now, Pi Coin can be traded on several centralized exchange platforms. The price is still changing, depending on how many people buy and sell. The Pi Network team is working on further adoption, which could impact its future value.
Two-factor authentication adds an extra step to the login process, helping keep online accounts safer than relying on just a username and password. To complete the verification, tap on the task and follow the instructions. Then, you’ll need to log into your wallet address, and the confirmation will be complete. A code that verifies ownership of a crypto wallet and grants access to the funds within. A device or application that securely holds a user’s public and private keys while allowing interaction with a blockchain network. After starting at $1.97 on February 20, 2025, Pi Coin quickly dropped to $0.737 within the first 24 hours.
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- For instance, there are blockchains and crypto networks that offer payment services for the movement of funds and cross-border payments for institutional entities.
- Aleksander Hougen, the co-chief editor at Cloudwards, is a seasoned expert in cloud storage, digital security and VPNs, with an educational background in software engineering.
- Pi Network started in 2019, and since then, millions of people have been mining Pi Coin, hoping to one day sell it.
- One of the most important steps to earn from digital assets is learning how to accumulate them as well as sell them when you are inclined to.
- We test each product thoroughly and give high marks to only the very best.
In most cases, the user has to be a verified member of the platform as well as using the service from authorized locations. The following steps would take you on how to sell your cryptocurrencies like Bitcoin, Ethereum, or Ripple on eToro in the most efficient, less costly, and most secure how to send avax to metamask way possible. Oliver Knight is the co-leader of CoinDesk data tokens and data team.
Nevertheless, some traders might choose to transfer their digital assets into more conventional digital coins like Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin SV, and Stellar to get high liquidity. This is because these cryptocurrencies have more of a solid foundation and are less likely to decline so much in little time. Various services allow you to exchange one cryptocurrency for another or sell crypto for cash. But the specific options you can use might depend on the type of cryptocurrency you have and whether you’re storing it in a wallet, on a centralized exchange or in a brokerage account. No matter which route you’re considering, compare the potential service providers to find one that seems legitimate and either inexpensive or easy to use.
Offer pros and cons are determined by our editorial team, based on independent research. The banks, lenders, and credit card companies are not responsible for any content posted on this site and do not endorse or guarantee any reviews. Louis DeNicola is freelance personal finance and credit writer who works with Fortune 500 financial services firms, FinTech startups, and non-profits to teach people about money and credit.
Once installed, it will be the main platform for interacting with the Pi Mainnet and managing your coins. If Bitcoin takes off again, you’re gonna miss out on any new profits. And trust me, it sucks to watch something you just sold suddenly skyrocket.
It’ll also limit you to only certain payment methods, and there will be a centralized organization of some kind monitoring the transaction — the exact thing many cryptocurrency users are against. However, since hot wallets are fine for short-term storage and free to set up, it’s a good idea to start with them. The fourth option is to cash out your Bitcoin at a Bitcoin ATM, which is the equivalent of selling your Bitcoin, says California Bitcoin ATM company Hermes Bitcoin. Bitcoin ATMs are a way to get immediate access to cash using your bitcoins. In order to make a cash withdrawal and sell your Bitcoin from the ATM, the machine provides a QR code to which you send your Bitcoin. These types of transactions are often facilitated by an exchange, and Binance runs a well-known online peer-to-peer platform called Binance P2P.