Bitcoin, an emerging phenomenon in the world of digital economics, has become one of the popular assets for investment today. But selling bitcoin and turning it into cash requires awareness of safe and efficient ways. There are different ways to sell bitcoin; From online currency exchanges to the ATMs and ATMs, they are all methods of selling bitcoin in Iran and the world.
This article provides a comprehensive guide to selling bitcoin in Iran and turning it into Toman and by scrutinizing currency exchanges, platforms, and security tips, helps you to critique your digital assets. With this guide, experience bitcoin sales easily and safely.
Bitcoin sales methods
Before you learn about bitcoin sales in Iran and abroad, you must first know how to do this. There are four methods, including online currency exchanges, all -out platforms, direct transaction with the buyer and crypto ATMs, which we will look at in detail below.
Of course, if you are still not familiar with how bitcoin is working, we suggest reading Bitcoin first.
Bitcoin Sale in Central Currency Exchange
Centralized Exchange or CEX is one of the most common methods of bitcoin sales. In this way, a central entity manages the platform, maintaining user assets and implementing buying orders. Concentrated currency exchanges usually have a simpler user interface and more liquidity than other methods, but at the same time the private keys are in the hands of the currency exchange.
You can use foreign or Iranian currency exchanges to sell bitcoin in centralized currency exchanges. Foreign currency exchanges such as Binance and Coinbase have higher liquidity, but have limitations for Iranian users. On the other hand, Iranian currency exchanges allow direct harvesting to the bank card, but their liquidity is lower than foreign samples.
Foreign centralized currency exchanges
International currency exchanges such as Binsens and Kevin Base are the most famous options for Bitcoin. In these platforms, you can usually sell your bitcoins in a store (OTC) or deal with other users directly using their P2P markets.
One of the problems with using foreign currency exchanges for Iranians is the inability to withdraw the US card and boycott Iranians due to the inability to authenticate. At present, some currency exchanges have no mandatory authentication or have no problem with the use of Iranians. To get acquainted with these platforms, read the best foreign currency exchange without sanctions.
The advantages and disadvantages of external currency exchanges for selling bitcoin are the following:
- The problem of authentication of Iranians in most of them
- Inability to harvest equivalent sale in the form of USD (need to have international accounts such as PayPal or with other digital currencies)
- Access to higher liquidity (to register a high volume order)
Read more: The best foreign exchange for Iranians
Central Iranian Currency Exchange
While foreign currency exchanges may be a good option without sanctions, problems such as the inability to withdraw the bank card will lead to the use of Iranian currency exchanges. In these platforms, it is enough to register and authenticate and sell them by depositing your bitcoins.
Most Iranian currency exchanges also have both store markets and all the platforms with your own platform or with other users.
Among the benefits and disadvantages of Iranian currency exchanges are the following:
- Ease of registration and authentication
- Direct deposit equivalent to Tomani to the bank card
- Lack of access to the liquidity of global exchanges
In the best Iranian digital currency exchanges, we have provided a complete list of domestic digital currency platforms with their advantages and disadvantages.
Bitcoin sale through peer platforms to peer
In addition to the currency exchanges that have a consistent market, dedicated platforms are also designed for direct Bitcoin trading. These platforms are a good replacement for Iranian users who are unable to use foreign exchange rates due to sanctions.
Of course, large P۲P platforms still do not serve Iranian users or block the account if IP IP is identified. However, there are several platforms that are either accessible to Iran’s IP or by changing IP and caution to sell your bitcoins through them:
Hodlhodl platform
Hodlehodle is a Bitcoin, anonymous, and unintended transaction platform that opens a multi -dispatch account between the buyer and the seller. The seller then deposits the bitcoins directly from his Walt to this account and the buyer deposits the equivalent value of the Fiat currency, according to the agreed price and method. After depositing the money, the bitcoins are transferred to the buyer’s wallet address.
Features of Hadda Hadda:
- VPN usable
- Guarantee of the security of transactions by building a multinational account
- Iran’s name on the list of sanctions countries and requires custody and personal research by the user
BISQ platform
BISQ is a decentralized, central server platform that does not require registration. Just download and install the desktop app and register your sales order. Your order will then be locked with the buyer’s order in a multiplicity account, and after the buyer is deposited, the currency will be deposited to his wallet address.
Biscuit Features:
- Completely decentralized and without the need for registration and authentication
- Need to install desktop software and get acquainted with its interface
- Usable for Iranians (although always cautious when using external platforms)
Sell bitcoin directly to the buyer
In this way, just find the buyer and send the bitcoins directly to his wallet address. This method has a relatively high risk because of the need to trust the other party to deposit the equivalent of the equivalent of the fayed bitcoins.
Since proving financial transactions requires a specific contract and on the other hand, digital currencies make it difficult to regulate such contracts due to the use of China’s blockchain technology, you should be careful about its risks.
Bitcoin sale through bitcoin ATMs
Just like ATM Banks, Crypto ATMs today have been set up to buy and sell digital currencies such as bitcoin in some countries. Visit to the Coinatmradar site you can see the map of these devices around the world.
Bitcoin sales process varies depending on their type and brand, but the general steps are as follows:
- Making a dedicated ATM wallet
- Transfer bitcoins to dedicated Walt
- Login to an account in ATM
- Select “Withdraw” option
- Specify the amount of harvesting
- Receipt and cash
Bitcoin sales steps
Now that you are familiar with BTC sales methods, we are reviewing the practical steps of bitcoin sales training. Since there are a few different steps depending on the selected method, we teach the concentrated digital currency exchange method.
1. Registration for Bitcoin Sale and Sale
If you’ve already made bitcoin purchases from a currency exchange, you can also sell on the same platform. If you would like to use the new currency exchange, you must first find the best exchange for Bitcoin and register and authenticate.
2. Bitcoin Transfer to Currency Exchange
After that, you need to transfer your digital currencies to the currency exchange. If bitcoins are inside your personal wallet (for example, Trust Walt), hit it first. On the open page, select the “Send” option. Next, you need to enter the amount you want to send (number of bitcoins) and your wallet address at the currency exchange.
Finally, confirm the transaction and re -select “Send” after reading the details.
1. Bitcoin Price and Conditions Determine
After receiving the bitcoins in their currency exchange account, it is time to sell them. Enter your wallet in the currency exchange and select Bitcoin.
Now, depending on the Iranian or foreign currency exchange, the continuation of the steps can vary. For example, in the Iranian currency exchange, you can get the equivalent amount of bitcoin sales in your bank account. To do this:
- Select bitcoin in the currency exchange account.
- Specify the value or value of the desired toman for sale.
- Choose a bank card to receive Tomania.
- Finalize the sale.
If you use an external exchange, you can use it if you have the ability to receive a fayyer (eg, dollar or euro) in an international account. Otherwise, you need to convert bitcoins into another digital currency such as USDT and then get the equivalent amount of Toman in your bank account by transferring and selling tensors in an Iranian currency exchange.
Due to the difficulty of working as well as increasing fees, we suggest using Iranian currency exchange to sell bitcoin.
Methods of transforming bitcoin into Toman
All the steps we have explained in this article can be used to convert bitcoin into Toman and receive rial sale amount in your bank account. If we want to review these steps, it will be as follows:
- Choosing the right Iranian currency exchange
- Currency Exchange Registration
- Deposit Bitcoins into Exchange Account
- Specifying the amount and bank account for Toman
- Transaction finalization
How much is bitcoin conversion fees?
Selling and converting bitcoins into Toman is subject to three types of general fees:
- Currency transfer fees to currency exchange accountA: This fee is related to the bitcoin network and belongs to its miners. Usually the currency exchanges will not receive any extra fees for deposit.
- Sales fees: Usually the currency exchanges in the OTC markets do not receive a fee. But if you sell bitcoins in the marketplace market, depending on the selected currency exchange, you will be subject to payments that act as a currency exchange commission.
- Bank feeA: A fee will be deducted from you to withdraw the bitcoins, depending on the amount of the transaction. This fee has nothing to do with the currency exchange, and the banks receive it for transfer operations.
Methods of transforming bitcoin into other digital currencies
There are also three ways to turn bitcoin into other digital currencies:
- Inside the currency exchange
- Inside the digital currency wallet
- Using Chinese Block Bridges
Concentrated currency exchanges
The easiest way is to transform the currency exchange. Using this method, you have no worries about conversion, network selection and extra fees. To do this, simply transfer your bitcoins to your account and do conversion operations.
Of course, not all currency exchanges are equipped with a direct conversion tool. In that case, you should first sell the bitcoins and keep the amount inside your wallet. Then buy the digital currency you want, such as Ethereum.
Inside the digital currency wallet
Some wallets, such as Trust Wallet, are equipped with internal conversion tools called “SWAP” that can easily convert digital currencies with a few simple clicks. To do this, simply select the new digital currency, for example Binnes Kevin and finalize the conversion operation after checking the fee.
Keep in mind that the converter fee may be more than other methods due to the use of interface platforms by wallet software.
Read more: Currency Converting Training in Walt Walt
Non -decentralized currency exchanges and Chinese block bridges
In the decentralized financial environment, we have a series of tools and platforms called the Bridge or the Chinese Block Bridge that play an intermediate role in converting digital currencies. Most currency wallets also use the same tools to convert the tokens.
You can do conversion operations directly to the Chinese block bridges and connect your wallet. Of course, since bitcoin is not capable of directly interacting with other blocks, limited options are available.
Among the available options are Thorchain, which as a decentralized currency exchanges performs direct bitcoin conversion operations to other digital currencies such as Ethereum, Binens Kevin and Tetrone.
Why should we sell our bitcoin?
If you need a rial or dollar amount (if you live abroad) to do your daily routine, you may need to sell bitcoin.
In addition, if you do not see a bright future for Bitcoin and intend to invest in other digital currencies, selling and converting bitcoins into assets is the only way to do it. Of course, it is always advisable to diversify your investment basket and not put all your capital on one currency.
How to track bitcoin prices and the right time for sale
You can use analytical currency exchanges and platforms such as TradingView to view the instant price of Bitcoin. But the best way is to visit the bitcoin price page on the currency site, which shows the instant price changes, along with other useful details.
Since bitcoin’s currency exchanges and blocks are 1/4, you can sell your bitcoins at any time of the day. However, between 9pm and 6pm UTC time (1:37 pm and 6:30 pm Iran), as the World Stock Exchange work hours, the volume of trading in the Crypto market reaches its highest. This is the best time to cash in assets, especially for large sales orders that require high liquidity.
To learn more about the best bitcoin sales time, read our content in the currency.
Security tips when selling bitcoin
In each of the bitcoin sales methods we mentioned some security tips. In this section, we examine these more detailed.
Digital account security and wallet
Currency exchanges are prone to hacking and stealing digital assets. To date, there have been large exchanges such as MT. Gox, Coinex, Bybit and FTX (FTX) that have suffered heavy damage during their platform hacking. It is always advisable not to keep a high volume of digital currencies in the currency exchange account and only keep the amount needed for everyday trading.
Hot wallets such as Trust Walt are also subject to digital currency steal due to internet connection. If your mobile device or computer is infected with malware and hackers access it, they will be able to steal your private keys. Therefore, you should always be careful about hackers on the Internet.
Preventing frauds and cheating
In addition to hackers, there are people who intend to steal your bitcoins in different ways. Using methods such as phishing, these people are directing you to fake sites and trying to access your digital currencies by stealing private keys or encouraging to enter sensitive information.
Some people also encourage you to invest in the pyramid and Panzi sites by promising a few hundred percent profitability and escape with the money collected after earning the capital.
As a general rule, if any suggestion seems too good, doubt it. In today’s world, when it is very difficult to make money, no charity offers a stranger to help unless he is trying to steal his assets.
Read more: digital currency fraud; Comprehensive Guide to Maintaining Security in the Digital Currency Market
Frequently asked questions
Iranian and foreign currency exchanges that have no problem with your Iranian identity are the best methods of selling bitcoin. Other methods, such as selling directly to the buyer, have a lot of risks that we recommend if you are a newcome to.
Yes. In many Iranian currency exchanges you do not need to be authenticated to buy and sell bitcoin, but you will need to complete this step to withdraw the rial and currency. In some foreign currency exchanges without sanctions, you can also sell bitcoin without problems.
The ways to turn bitcoin into a dollar are the use of centralized currency exchanges, the use of digital wallet internal tools, decentralized currency exchanges, and Chinese block bridges.
Bitcoin sales security depends on how it is done. All online platforms are exposed to hacking and stealing their assets, but you also need to take care of a variety of frauds such as phishing.
The price of bitcoin varies in different currency exchanges. You can see the price of bitcoin in different currency exchanges by visiting integrated sites such as CoinmarketCap. For Iranian currency exchanges, there are also websites that display bitcoin prices. You can find these websites by searching the Internet.
Conclusion
There are various methods such as Iranian and foreign concentrated currency exchanges, peer platforms, and a direct deal with the buyer for bitcoin sales. Depending on the method, you need to go through different steps to sell bitcoins. However, some of these methods, such as directly dealing with the buyer, have their own risks. Introduction to a variety of digital currency hacking and fraud methods will help you stay away from theft of your assets.
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