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- Nimrod Gruber
- Bitcoin news, blog
- Reading Time: 3 minutes
Reading Time: 3 minutes
In our current times of uncertainty, even the most avid Bitcoin believers know that being able to sell Bitcoin and have fiat liquidity is a must. So while the financial revolution is going strong, for those of you who need to momentarily hit pause, Coinmama wants you to know: we’re still with you, and we’re doing it with the lowest fees possible.
It’s our way of giving back to you in these tough times!
Can you sell Bitcoin for cash?
Now, more than ever, your health is probably first and foremost on your mind—it is on ours too—but your finances may be a close second. With over 3 million Coronavirus cases and 200,000 deaths worldwide, we’ve entered a new reality. We’re in the midst of an unprecedented financial crisis, with mass layoffs regularly taking place, and some people predicting unemployment rates will hit 30%. We know that some of you may need fiat, even if it comes at the expense of the Bitcoin you’ve been HODLing.
Today, we’re making it easy to sell Bitcoin and access the fiat you need. So if you are wondering “Where do I sell my Bitcoin for cash,” look no further. We’re giving users the ability to sell up to 30,000 USD (or EUR equivalent) of Bitcoin a day, depending on account verification level, with payout directly to your bank account.
What’s more, as a thank you for being part of our family, we’re doing it with the lowest fees possible. Coinmama fees on sell transactions are between 0.1% and 0.9% *, depending on your Coinmama Loyalty level.
How to transfer Bitcoin for cash using SEPA
If you’re part of our European family, you can transfer Bitcoin for cash using a bank account that supports SEPA transfers.
- Sign up for Coinmama, or log into your verified Coinmama account
- Click the “sell” button and enter the Bitcoin amount you’d like to sell
- Choose SEPA as your payout method
- Add your bank information, including your European bank country and IBAN
- Add your personal details
- Transfer the Bitcoin amount from your own wallet to the wallet address provided
- Once the coins have been confirmed on the Blockchain, Coinmama will transfer the fiat amount to the bank account provided
How to transfer Bitcoin for cash using SWIFT
Coinmama users in the United States and the rest of the world can sell Bitcoin for cash using a SWIFT bank transfer.
- Sign up or log into your Coinmama account
- Select “sell” and enter the Bitcoin amount you’re selling
- Choose SWIFT as your payout method
- Enter your bank country, bank account number, and routing number or Bank Identifier Code
- Complete your personal details
- From your own wallet, send the Bitcoin amount to the wallet address provided
- As soon as the coins have been confirmed on the Blockchain, Coinmama will send the fiat amount to the bank account provided.
For more information on how to sell Bitcoin with Coinmama, visit our help center.
Sell now with Coinmama. Or Sign Up Now.
* Additional charges may apply.
Key Inquiries: Streamlining Your Bitcoin Liquidation Process
1. What are the steps to sell Bitcoin for cash using Coinmama?
To sell Bitcoin on Coinmama, sign up or log in, hit “sell,” specify the Bitcoin amount, select your payout method (SEPA or SWIFT), enter your bank details and personal information, and transfer your Bitcoin to the provided address. Once confirmed on the Blockchain, Coinmama will send the fiat to your bank account.
2. How does Coinmama determine its selling fees?
Coinmama’s selling fees are competitive, ranging from 0.1% to 0.9%, and are determined by your Loyalty level on the platform. These low fees are part of Coinmama’s commitment to providing value and support to its users, especially during challenging times.
3. Can I sell my Bitcoin for cash if I’m outside Europe and the US?
Yes, Coinmama supports Bitcoin sales for cash worldwide using SWIFT bank transfers. Simply choose SWIFT as your payout method and follow the provided steps to convert your Bitcoin to fiat, regardless of your location.
Nimrod, a long-time crypto enthusiast, is the founder of Israel’s first bitcoin ATM company and Coinmama where he runs the Operations. When he’s not making ends meet, you’ll likely find him doing some kind of extreme sport.
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Nimrod, a long-time crypto enthusiast, is the founder of Israel’s first bitcoin ATM company and Coinmama where he runs the Operations. When he’s not making ends meet, you’ll likely find him doing some kind of extreme sport.
All Posts »
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