In the cryptocurrency market, Binance coin contributes a trade volume of over 2 billion with a rank of fourth place. Considering the rate at which binance coins have grown, most predictions point towards the coin increasing in value in the near future. This price change is likely to occur as Binance Coins like most crypto currencies are volatile with high liquidity. EToro offers one of the most competitive exchange rates in the industry.
For some exchanges there is a depth percent that shows how much liquidity is available, live bids two percent up or down from the current price. The list is sorted by 24-hour volume and CL trust rating, and different pairs are listed separately with the corresponding volume. Binance Coin can be exchanged for USD on a platform that has USD as an available fiat currency. Platforms like eToro, AvaTrade, Coinbase and Binance can be used to sell Binance Coins with ease. While this seems like a wrong move, there is no doubt some reasonable profit will be made along the line. Though this is not an endorsement of this style of investment.
Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies. Most exchanges need a minimum $50 deposit to exchange it for crypto. The table below offers a detailed overview of different amounts and their respective costs. There are over 33 crypto exchanges where you can buy Binance Coin, and the top 3 ones are Binance, Indoex, and BingX. After clicking on it you will need to select the currency you want to pay with.
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As for the withdrawal methods, Poloniex supports bank transfers to traders in selected countries including the United Kingdom, Germany and France. Crypto exchanges are platforms that aid the buying, selling and storing of cryptocurrencies. Crypto investors and traders make use of different crypto exchangers or brokers to meet their trading needs from time to time. There are so many crypto exchanges around the world, each with special features and design to make the trading experience easy for users. There are several BNB trading pairs to select from that will suit all types of investors that want to sell to cash.
Download Bridge Wallet, the mobile app that we’ve made to help you easily invest and manage your cryptoassets from your phone with total control on your funds. We have explored the different platforms traders can use to sell BNB. This guide has also reviewed some of the best channels investors can use to sell off their Binance Coins. Depending on the local tax laws in the investor’s region, a taxable event could be triggered when BNB is sold.
In every investment journey, there will come a point where investors feel they have made the expected profit and chose to sell their investment. Selling BNB for cash, USD or stable coins like USDT should not be a hassle in any way. On the above listed platforms, selling is actually very easy and in a couple of hours, you will have the calculated equivalent in your desired currency. This guide will be covering all the necessary steps needed to successfully sell Binance Coins with a focus on eToro.
This option is useful for investors who own BNB but don’t have acces to an exchange where they can sell it. Crypto traders can trade Binance Coin by connecting their Trust Wallet to decentralised exchanges like PancakeSwap and UniSwap. Alternatively, they can sell BNB directly using the Swap option. For this tutorial, we will focus on using the Swap option on Trust Wallet for direct sales. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.
Traders are advised to be prompt in executing trades to prevent unexpected losses. These brokers have amazing features ranging from a sleek interface to ease of transactions and many more. They are all very reliable when it comes to making exchanges.
Investors can trade their BNB for USDT, BUSD or USDC on the exchange. It is worth noting that Poloniex is one of the bigger exchanges for selling BNB to USDT, behind Binance, FTX and Gate.io. At the time of writing, Poloniex handled more than 600,000 in BNB to USDT conversions within the last 24-hour period. The mediums for making deposits on eToro varies and users can choose whichever route they find convenient.
In this case, eToro still tries to help ease the trouble users could encounter. Their customer service department pays strong attention to the complaints of clients and are always willing to give the best solution to any hitch encountered. To find out the estimate of your coins in USD, navigate to the platform and sign in. After signing in, move to the left and hit the top icon that stands for portfolio.
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Trust Wallet is available as a mobile cryptocurrency wallet. The app is available on the Google Play Store or Apple App Store. Once installation is complete, create a new crypto wallet and save the recovery backup phrase. Investors can also setup extra security with passcode and facial ID. Head to the Binance homepage and click ‘Register’ to begin.
Once the trader has the fiat currency credited into their account, they can proceed with the withdrawal. To do this, head back to the Fiat and Spot wallet and click on the “Withdraw” button. Binance users can choose the currency they want to withdraw and their preferred payment method. Remember that Binance allows users to choose between cards, bank transfers, and external wallets for fiat withdrawals.
How Easy is it to Sell Binance Coins?
Buy crypto with a credit / debit card, Apple Pay, Union Pay, PIX, or via SEPA. Mt Pelerin Group SA is a company established in Switzerland since 2018, with offices in Neuchâtel and Geneva. We are an affiliated financial intermediary, which means that our processes are regularly audited by an external and independent entity.
- Nothing is as profitable and dangerous as timing when it comes to dealing with cryptocurrencies.
- All cryptocurrencies experience price fluctuations from the day of launch.
- There are so many crypto exchanges around the world, each with special features and design to make the trading experience easy for users.
- The truth with every form of investment is that it comes with risk.
- The first choice is a hardware wallet, and then you can go with the official coin wallet and third-party software wallets.
A survey of the available reviews on eToro proves this as well. Even first time users can easily make withdrawals on the platform without needing an extra hand. Guarda is a non-custodial cryptocurrency wallet that allows users to hold, receive and send cryptocurrency. Non-custodial means that Guarda has no access to personal information, backup files and passwords.
Also, you will be able to assess this along several other time frames to better understand the best time to initiate a sell decision. The main purpose of carrying out an exchange is to either get the equivalent in cash at that moment or to finally reap the profit on investment over time. It will be disheartening to lose out on expected profit after waiting for a long time. All traders on the platform have unrestricted access to these tools in order to be able to make well informed and smart decisions while trading.
How to Sell BNB on Trust Wallet? There Are Several Ways to Explore
In a case where the coins had been purchased from a broker different from eToro, you would need to have the coins transferred to the platform. Aside from the Trust Wallet, where you can store your BNB, there are other options available. One of the best options is to use Binance Chain Wallet, a Binance exchange platform wallet.
The truth with every form of investment is that it comes with risk. Hence, investors need to be careful before making huge investment choices. The defining factor most times is the amount of cash the investor is looking to invest in the asset. Also, the instability of the coin’s price and tendency to grow to higher heights must be given due consideration. Above all, for all volatile assets, it is best to go deep in investing but not so deep that a huge loss will cost you very serious damages to your finances. All top performing brokers have the automated trading feature enabled on their platform.
The above scenario is basically what every investor has in mind when purchasing cryptocurrencies in bulk. Sometimes, coins reach an unexpected high and fall shortly after. Software wallets are wallets where the Binance Coins can be stored and access can only be gained via a certain password. This password will be known to only the user and used in opening this wallet whenever necessary.
- With the aid of current charts, the process should go smoothly.
- We also gather additional information from different sources to ensure we cover all necessary data or events.
- Holders of Tron’s native token (TRX) can enjoy a 30% slash in rates when it comes time to sell BNB on the exchange.
- There are so many brokers out there with very similar features that distinguishing the averagely good from the excellent ones can be hard.
- Binance Coins stored in a wallet can be exchanged for cash or USD by enabling a withdrawal method for the chosen fiat currency.
- Sell choices and investment in Binance Coins should be done after careful thought.
This is beneficial to traders as very small amounts can be withdrawn easily. In line with that, before moving on to sell, estimating the expected return in cash will let you know if you have reached the minimum amount or not. It is important you ensure that the amount of Binance coin being exchanged will be equal to or more than $50. Nothing is as profitable and dangerous as timing when it comes to dealing with cryptocurrencies. All successful cryptocurrencies have a reasonable degree of volatility and Binance Coin is no exception.
List of all Binance Coin exchanges where you can buy, sell, trade BNB coin, sorted by trading volume
For extra safety, you can always combine hardware and software wallets. From hardware wallets that support BNB, there are several options available, such as Ledger and SafePal. Both ways are pretty similar, and the whole process doesn’t take long. Sell Binance Coin directly from your BNB Chain wallet and withdraw funds in 12 fiat currencies on your bank account in 171 countries. The next step is to transfer BNB coins to the new wallet address. To access your BNB wallet, search for “Smart Chain” in the search bar.
What is needed to buy Binance Coin?
In spite of this, people continue to invest everyday mapping out different kinds of strategies in the hope of optimizing their investments. This has increased the rate of flying theories claiming that there is a fixed hour or day that is best to sell coins. These brokers ensure that all the essentials traders will be needing for various transactions are provided. They are also known for constantly improving their platform for increased satisfaction. Failure to comply with the laid down regulations like having an account verified however creates withdrawal hitches for some users.
The knowledge you will be getting on this site is meant to serve as a compass for your own analysis before the execution of any sell decision. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
Then, deposit the stipulated minimum and buy BNB on the platform. Before sending BNB to Trust Wallet, ensure the network from the sending wallet corresponds with the receiving wallet. Choosing the wrong network here could lead to the permanent loss of your assets.
Swap allows investors to exchange their BNB coin to another crypto asset of their choice. In short, Poloniex is one of the few exchanges that supports BNB tokens and a marketplace to sell into USDT. While the trading volume is much smaller than its competitors and is not available to US investors, it will appeal to certain traders that are familiar with the platform. Poloniex is the fourth-best platform to sell BNB on our list. The exchange has a dossier of over 300 digital assets with an impressive 500 trading pairs including BNB pairs. Poloniex is notable for its simplified and smooth user interface as noted in our Poloniex review.