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Selling bitcoin

With BTCX, selling bitcoin is simple and secure. Using our user-friendly platform and professional support team, you can feel confident throughout the entire selling process.
This guide will help you understand how the process works and how to quickly and easily sell your bitcoin.

How do you sell bitcoin?

Here’s how to sell bitcoin on BTCX:

1. Register an account

If you’re not already a registered user, you’ll need to create an account with BTCX. It’s quick and easy!

2. Verify your identity

As part of our security measures, BTCX complies with regulations for bitcoin sales. This means you need to verify your identity to sell bitcoin.

3. Connect your bank account and start the selling process

Link the bank account where you want your Swedish kronor sent. Ensure your bank accepts international payments. Specify the amount of bitcoin you want to sell and confirm the sale.

4. Review the details

On the next page, you can double-check that you have selected the correct bank account and transfer amount. Send the exact bitcoin amount you chose to the wallet address provided. Ensure the amount matches, or the order won't go through.

Sell Bitcoin

What should you consider before selling bitcoin?

With proper preparation, selling bitcoin can be straightforward and secure. It is important to use a trusted platform for the sale. Also, monitor the current market rate and choose a selling time that aligns with your financial goals. Remember, selling bitcoin in Sweden must be declared, which means reporting gains or losses to the Swedish Tax Agency (Skatteverket). Make sure to gather your documentation.

How to withdraw bitcoin in Swedish kronor?

With BTCX, selling your bitcoin and converting it to SEK is straightforward. Once your order is processed and approved, the funds are transferred to your designated bank account in SEK.

Frequently asked questions

Deciding when to sell bitcoin is challenging, since there is no definitive answer. Some sell when the price is high to maximize returns, while others sell when personal goals are met. Keep in mind that bitcoin prices can change rapidly due to regulations, laws, and technical advancements.

Before selling bitcoin on BTCX, you need an account, identity verification, and a linked bank account. After that, start the transfer and follow the steps outlined above.

Policies vary among Swedish banks regarding bitcoin. However, with BTCX, you can sell your bitcoin and transfer SEK to any bank with a Swedish license

Yes, in Sweden, bitcoin transactions—whether selling, exchanging, or using it as payment or for gambling—must be declared to Skatteverket. For more information, see our comprehensive article on bitcoin taxation.

At BTCX, we charge a service fee that is included in the price. The fee for a sell order is 5%. For more information about our fees, please visit our support page.

When you sell bitcoin through BTCX, you will typically receive the funds in your bank account within 3-5 business days. The exact timing depends on how long your bank takes to process the transaction. Provided that you transfer the correct amount of bitcoin to BTCX, the transaction will be sent to your bank on the same day. Please ensure that your bank accepts international payments in order to receive the funds.

Get help from our support team

Have more questions about selling bitcoin? Our knowledgeable support team is available to assist you with any inquiries. You can reach us via chat or email on weekdays from 9 AM to 10 PM. On weekends, support is available via email.

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