How to Sell Bitcoin (BTC) in Australia

Ever since its inception, Bitcoin has been stirring the finance and trading sectors. Even though BTC is relatively new, it’s undoubtedly among the oldest and most successful cryptocurrencies. It’s popular due to a number of advantages —  it is decentralized, free, and immune to transaction censorship.

BTC is permissionless as well, implying that it’s open to being used from any part of the globe. The fact that it’s decentralized means that there are no intermediaries, so it’s resistant to third-party confiscation. Therefore, no authority or financial institution can take your BTC, you’re the only owner.

Another upside of buying bitcoins and other cryptocurrencies is the 24/7 availability of the trading system. You have the ability to monitor the market whenever you want. Nowadays, Bitcoin is undoubtedly the most popular crypto trading asset. 

How Can You Trade Bitcoin with CEX.IO?

The very first thing you need to do before you start trading BTC is to find a trustworthy crypto exchange. With nearly a decade of presence in the market, CEX.IO is, without a doubt, one you can rely on for your trading. 

The next step is to create an account at the exchange. The registration process at CEX.IO takes just a few steps. You only need to provide your name, a valid email address, and proof of your identity (passport or ID card). As soon as your identity is verified, you’re all set to start trading. 

To make your first purchase, you need to fund your account. CEX.IO accepts various payment methods, so you can select the one that is most convenient for you:

• Credit or debit card (VISA and Mastercard),
• Bank transfer,
• Digital wallets (PayPal, Epay, Skrill),
• Apple Pay, Google Pay.

How Can You Buy Bitcoin (BTC) at CEX.IO?

Prior to selling BTC, you need to have some in your wallet. If you don’t, you may want to buy some. 

The fastest way to buy crypto on CEX.IO is via the Instant Buy service. To purchase BTC this way you should:

• Click on the Instant Buy product on the CEX.IO homepage,
• Choose BTC from the dropdown menu.  
• Select the amount you want to buy — you can choose from a pre-calculated pack or enter your own amount,
• Click Buy to finish the process.
• Select the payment method and click Proceed. 

Please note that in order to use this service, you need to link your credit or debit card with your CEX.IO account beforehand. In case you haven’t already done so, CEX.IO will ask you to add a credit or debit card to finish your purchase. 

Alternatively, you can use limit or market orders on CEX.IO Spot Trading to have more control over your purchases. A market order allows you to buy BTC instantly, at the current price. However, with a limit order, you have the opportunity to set a price that is most favorable to you. As soon as the token or coin you want to buy reaches that price, your order will be executed.  

The Instant Buy and Spot Trading services are also available in the CEX.IO App allowing you to expand and manage your crypto portfolio from anywhere with internet access. 

What is Possibly the Best Way to Sell Bitcoin in Australia?

Regardless of your level of experience in the crypto industry, CEX.IO offers you several different ways of selling BTC that are suitable for both novel and veteran traders. 

Instant crypto selling is possible with the Withdraw feature of the CEX.IO Wallet (Send feature in the CEX.IO App). To sell cryptocurrency with the CEX.IO Wallet you just need to click Withdraw button next to preferred asset. After that:

1. Enter how much you want to sell. Note that you need to have this cryptocurrency on your CEX.IO account balance to be able to withdraw.
2. Choose where to send funds. The proceeds can be immediately transferred to your linked card, bank account, or e-wallet (Skrill, Neteller).
3. Verify the fees, review the risk notice and click Proceed.  

How Can You Sell Bitcoin for USD and Keep Funds on CEX.IO Account?

The process of selling BTC on CEX.IO is as easy as buying it. If you want to exchange your BTC and keep USD proceeds on CEX.IO account, you can use the Convert feature using our website or the CEX.IO App.

To sell your BTC with Convert feature, follow these steps:

• Go to the Wallet page on the CEX.IO website or mobile app
• Choose to Convert next to BTC
• Pick the currency you want to receive (USD)
• Enter the amount of BTC you want to sell. The price will be automatically applied according to the current market rate. 
• Double-check if everything is correct and tap Proceed to finish the sale.

When you buy or sell, the transactions are processed instantly, so your funds will be available in your balance or on your card within seconds. Additionally, selling your BTC this way is not only simple, but it also saves you time since you won't have to navigate through the trading interface and deal with different order types. However, customers who are interested in price chart analysis and have greater control over their crypto transactions can use the Spot Trading platform to buy and sell BTC. 

How can you sell Bitcoin using trade orders?

The Spot Trading platform is a complete tool for traders looking to buy and sell a wide range of digital assets with deep liquidity and a diversity of order types. 

To instantly sell your BTC with the market type of orders:

• Open the Spot Trading page.
• Select the preferred crypto-to-fiat pair (BTC/USD).
• Switch your order direction is Sell and choose the Market type of order.
• Enter the amount you want to sell. The expected price will be calculated due on the current market rate.
• You can additionally set the Maximum Slippage level.
• Verify the order details together with fees and click the Place Sell Order button. 

However, if you’d like to sell BTC at a preferred price, a Limit order might be best for you. 

To sell the tokens with Limit order:

• Open the Spot Trading page,
• Select the currency pair,
• Switch order direction to Sell and choose Limit type of order,
• Enter the amount of BTC you want to sell and set the preferred price.
• Limit orders also allow to select the preferred TIF policy — Good till Cancel, Good till Date, and Immediate or Cancel. 
• Verify the order details and fees. Then click Place Sell Order to continue.

Note that your coins won’t be sold instantly with the limit order. Rather, you will have to wait until the coin or token you are selling reaches the value you have set. Once it attains that price, your order will be executed automatically. 

How can you sell bitcoin from your wallet?

You can use the Withdraw feature of the CEX.IO Wallet website or the Send function in the CEX.IO App to sell cryptocurrency instantly. You’ll need to enter the amount you want to sell and choose where to send the funds – whether it's to your linked card, bank account, or e-wallet, which includes methods like Skrill and Neteller. Please note that you can sell assets that are in your CEX.IO account balance. If you wish to exchange cryptocurrencies that are in your external wallet, you should first transfer the required amount to CEX.IO before selling.

If you prefer to convert your BTC and keep the proceeds in USD on your CEX.IO account, you can use the "Convert" feature on the CEX.IO website or mobile app. This allows you to seamlessly sell your BTC and receive the funds in USD, making the process simple and time-saving.

Where can you sell Bitcoin for AUD?

Even though CEX.IO doesn’t support AUD as a fiat currency, this doesn’t mean that you cannot trade with your local fiat. There is no reason to panic whether you can sell BTC or how to sell Bitcoin in Australia with CEX.IO. You can buy and sell Bitcoin for AUD in absolutely the same way as USD. The processes are completely identical. 

If you have linked your credit card, your local currency will be automatically converted to USD, GBP, or EUR, depending on which one you have chosen, immediately after selling your BTC. The same applies to purchasing crypto — your AUD will be converted to the fiat currency supported by CEX.IO prior to finishing the purchase. 

Customers from the U.S. can sell Bitcoin for PayPal, and out Australian users can use any other digital wallet such as Skrill, Google or Apple Pay.

How could you earn on CEX.IO?

In addition to an opportunity to increase your capital by selling BTC or any other cryptocurrency, CEX.IO offers you ways to earn crypto rewards. You can stake your tokens or coins, save them, or earn by inviting your friends to CEX.IO.  

Hold staking assets and earn up to 14% annually

Staking is a service that allows you to receive crypto rewards just by holding crypto in your balance. On CEX.IO, there are 14 cryptocurrencies you can put to your staking account. 

Staking crypto is fairly straightforward: just buy or deposit coins or tokens, and keep them in your balance. How much you can potentially earn depends on several factors: the token you choose to stake, the amount, and the period you hold it. 

Transfer your funds to the savings account

Crypto saving is yet another way to earn crypto rewards on CEX.IO. It’s quite similar to staking, as it requires little action from you. Again, buy or deposit your crypto, keep it in your balance, and receive potential rewards.