How to sell crypto?

Selling your cryptocurrency can be done in several ways. Here are some of them:

  • P2P (peer-to-peer) trading, where the buyer and the seller are matched 1:1 to make the trade either online or offline.
  • Swapping, where the seller can exchange or swap their cryptocurrency for the one they want to exchange.
  • Crypto exchange sell order, where the seller places a sell order at a preferred price/rate in the exchange. (The concept of buy/sell might differ on different crypto exchange platforms.)

The safest way to sell your crypto for FIAT is through an exchange. The usual process consists of the following steps:

  • Open an account at an exchange, and complete the KYC.
  • Send the crypto you want to sell to the exchange's designated deposit address.
  • Go to the market, and set the currency you want to sell and receive (USDT/JPY, BTC/JPY).
  • Check the rate and insert the amount you want to sell, and place the sell order. (Note: at some exchanges, it can be represented as 'buying JPY, using crypto'.)
  • Once the order is fulfilled, your account will have a JPY balance.
  • Withdraw the JPY to your desired bank account.

The above step is selling your crypto at average exchanges; the details may differ. To learn more about how to use a specific exchange, we strongly recommend visiting their help center.

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