Selling Bitcoin: how to go about it with Coinhouse
The Coinhouse secure platform lets you sell Bitcoin quickly
Sell Bitcoin easily and securely
The Coinhouse platform allows you to quickly sell Bitcoin
How to sell Bitcoin?
Create an account
Create your account in a few seconds on our platform. You are guided step by step.
Verify your identity
In order to protect yourself from potential fraud and hacking, you will need photo ID to register.
Sell your bitcoins and receive your euros by bank transfer as fast as possible.
What is Bitcoin?
How do you sell your Bitcoin?
Which platform should you use to sell Bitcoin?
How can you sell your Bitcoin? You first need to choose a trading platform or investor network. There are three options available to an individual looking to sell their Bitcoin.
- Contact an online broker (like Coinhouse). This is the ideal solution for those who want to sell Bitcoin when they want, with little more needed than an internet connection. This is also the most secure option, such intermediaries have segregated accounts (funds are managed by a third-party entity) and are approved by the French Financial Markets Regulator (AMF). Incidentally, Coinhouse was the first platform to be registered with the AMF as a digital assets service provider. You can sell Bitcoin, paying low transaction fees, and have access to a wide range of cryptocurrencies.
- Sell through peer-to-peer platforms. This way of selling your Bitcoins means you find a buyer yourself and often sell at a lower price.
- Go through a Bitcoin ATM that allows you to sell Bitcoin for euro: France has some of these machines. The downside it that the transaction fees are particularly high! Moreover, the machine does not tell you the price so you will need to find it out beforehand.
Can you only get euros for selling Bitcoin?
You do need to keep in mind something else before you decide how you are going to sell your Bitcoin: any gains made in the selling of cryptocurrencies are taxable in France. Tax applies when a person converts their digital currency into fiat money (for example, euros). Individuals are not liable for any tax on realised gains provided those gains do not exceed €305 over the year.
On the other hand, exchanges between cryptocurrencies are not taxed. This means that if you sell Bitcoin for another digital currency, you are not liable for any tax on the conversion.
Coinhouse provides a quick sale of your Bitcoin by bank transfer
However, you should bear in mind that you should sell Bitcoin as soon as possible once you have made the decision to sell. And with reason – BTC is highly volatile. You need to act fast to get the gains you want from any sale because its price can quickly roll over. A simple and fast process will be vital to you.
This is exactly what Coinhouse offers when you want to sell Bitcoin for euros. On Coinhouse, you can make use of the fast bank transfer feature: it only takes a few minutes. Of course, you will need to have an account open on the platform and your bank account linked to it so that the money goes to the right place.
Our services make a difference.
Our crypto experts are at your disposal and offer you personalised support
We are the first French player registered with the AMF (Autorité des marchés financiers)
Registration number E2020-001
Your cryptocurrencies are kept safe with our top of the line stocking solution
Managing your investments is made easy with our intuitive interface
When to sell your Bitcoin
How to figure out the right time to sell Bitcoin
As a result, it is vital that you closely monitor Bitcoin’s price to decide when it is the right moment for you to sell. And do not forget to sell quickly (which is quick AND easy using Coinhouse’s bank transfer option).
The real answer to “when to sell your Bitcoin?” depends on what your goals are. The right time is when you think you have gained enough or lost enough with your portfolio of cryptocurrencies. Or when you come up with some plan and want to sell Bitcoin to finance it (for example, buying a car, taking a holiday).
If you trade, when should you sell your Bitcoin?
One good way involves analysing Bitcoin’s movements over recent months and years, to get a good idea of the macro trends. This could show you that the price has scarcely changed over six months and there is a chance that it will remain stable for the time being. Nonetheless, this is not 100% fool proof because Bitcoin’s price can turn on a sixpence and sharply rise or fall. Accordingly, you need to pay attention and check a myriad of indicators (such as the relative strength index or moving average – RSI and MA respectively)… and have confidence in your trading platform!
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Why sell with Coinhouse?
Reliable and European
Coinhouse aims to become the first regulated platform in Europe. Our sales team remains available and attentive to your needs in order to advise you on the best strategy adapted to your goals.
Simple and fast
Buy your first cryptocurrency in less than 10 minutes on Coinhouse. You are guided step by step through the registration process. Purchases and sales are completely transparent with invoices.
Keep your cryptocurrency safe with our professional storage solution available on our platform. You can also send your crypto-currency directly to your wallet free of charge.
Several payment methods possible
Take advantage of the different payment methods offered: credit card or bank transfers. We offer you the possibility to trigger your investment at the time that seems most convenient for you.