How to sell your BitcoinCash earnings easily

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Avatar for KennieKing
2 years ago

Just 4 days ago, i wrote about how to buy Bitcoin Cash easily in Nigeria and Africa as a whole. Especially Nigeria, the difficulty we face in buying and selling crypto is so much that even banks are looking for whom to devour or close his/her account, but with the way of peer to peer,things have become a lot easier and much accessible. A lot of Nigerians so to speak are still having fear in investing in crypto due to the Federal Government news on banning cryptocurrency trading, but the advent and introduction of peer to peer by different exchange platforms has made it a lot easier for lots of us.

So i thought i should let others too know how to make some withdrawal of their BCH earning via peer to peer, which is as easy as anything, I'm going to be using binance app to explain because that's what i use as well and has been working for me perfectly well, you might as well find any other exchange which might be working for you, but in this article, we'll be using binance for better explanation

and below are the step by step on how to sell your BCH should in case the need arises.

Click on Trade Tab;

The first you will do is click on the trade tab below and this would pop up, originally it brings the buy (green), which means if you are willing to buy, you can click and adjust the amount you want to buy then click buy, but as for selling, you click the sell beside the buy.

Click the sell;

After the clicking the sell button, this is what comes up, asking you to input the amount of BCH/USDT you want to sell. You have to be very careful when doing this because once done, it can't be reversed, of course we are in the world of crypto, so you need to be extra careful when about to sell.

Click on P2P;

P2p as said earlier means "Peer to Peer" and the transaction always takes place from person to person via the exchange app to buy or sell your crypto for money. The p2p is right at the top right corner as seen in the picture below, note that you click p2p after selling your BCH to USDT, because you can only sell your local currency or stable coin for money.

sell page;

Once you click on sell, this page appears up, you are almost at the final stage, this is asking to to chose any seller/merchant or agent to sell your crypto to. This shows how much they can sell 1 usdt to you in local currency and the limit amount to sell out, you can chose from various sellers based on your choice or interest, then click the sell button with the red color, then you are ready to sell.

Sell the BCH;

This is almost the final stage to selling your BitcoinCash, after choosing the seller with your maximum usdt you have,then follow the arrow in the last picture.

Enter the quantity of USDT you want to sell , then select payment payment you want and the page will pop up where you will be asked either binance profile with or bank transfer. After completing the criteria, sell the USDT button and expect a notification to confirm if you are the one actually sending.

Thank you for reading, hope you learn few things? You can be a sponsor too.

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2 years ago

Comments

For the sell button, what does limit, market price means? Which is the best to choose when trading our crypto just the way you wanna sell your bch/usdt?

$ 0.01
2 years ago

So in your case you must exchange your BCH into USDT so that people can buy your USDT for your local currency, I guess that is need it to have a somehow stable market when it comes to your local currency. At the moment where I am living I can buy without much effort, but is always good to know how others are doing in other to learn and to also know how to do things if things get from bad to worst. what I am saying is that knowing how Nigerians buy BCH is something I can use in the future is the USD goes the way of the Venezuelan peso or the Zimbabwe dollar as well.

$ 0.01
2 years ago

Thanks for your reply. Actually we used to buy crypto straight without having to go through p2p, but since the Government had banned cryptocurrency trading, the only way we could go has been peer to peer, which is buying usdt then convert in to or trade it with the desired crypto. While selling it as well, one must need to convert it to USDT then sell it to the verified merchants.

$ 0.01
2 years ago

I guess the government trying to ban trading only means their money is worthless or about to be worthless, and unlike gold they can't confiscate if you keep your mouth closed

$ 0.00
2 years ago