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What is the process to convert Bitcoin to US dollars on Binance?

avatarAtoZDec 30, 2021 · 3 years ago3 answers

Can you explain the step-by-step process of converting Bitcoin to US dollars on Binance? I'm new to cryptocurrency trading and would like to know how to cash out my Bitcoin holdings.

What is the process to convert Bitcoin to US dollars on Binance?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Sure! Converting Bitcoin to US dollars on Binance is a straightforward process. First, you need to create an account on Binance and complete the verification process. Once your account is set up, go to the 'Fiat' section on the Binance platform and select 'Deposit' for US dollars. Follow the instructions to link your bank account and transfer the desired amount of Bitcoin to your Binance wallet. After the Bitcoin deposit is confirmed, you can go to the 'Trade' section and select the BTC/USD trading pair. Enter the amount of Bitcoin you want to sell and place a sell order. Once the order is filled, you will have US dollars in your Binance account. You can then withdraw the US dollars to your linked bank account.
  • avatarDec 30, 2021 · 3 years ago
    Converting Bitcoin to US dollars on Binance is a breeze! Just follow these steps: 1. Sign up for a Binance account and complete the verification process. 2. Go to the 'Fiat' section and select 'Deposit' for US dollars. 3. Link your bank account and transfer your Bitcoin to your Binance wallet. 4. Head over to the 'Trade' section and choose the BTC/USD trading pair. 5. Enter the amount of Bitcoin you want to sell and place a sell order. 6. Once the order is executed, you'll have US dollars in your Binance account. 7. Withdraw the US dollars to your linked bank account. That's it! You've successfully converted Bitcoin to US dollars on Binance.
  • avatarDec 30, 2021 · 3 years ago
    Converting Bitcoin to US dollars on Binance is a piece of cake! Here's what you need to do: 1. Sign up for a Binance account and complete the verification process. 2. Navigate to the 'Fiat' section and choose 'Deposit' for US dollars. 3. Connect your bank account and transfer your Bitcoin to your Binance wallet. 4. Move to the 'Trade' section and select the BTC/USD trading pair. 5. Input the amount of Bitcoin you wish to sell and place a sell order. 6. Once the order is filled, you'll find US dollars in your Binance account. 7. Withdraw the US dollars to your linked bank account. Voila! You've successfully converted Bitcoin to US dollars on Binance.