Title: How to Sell Bitcoin: Step-by-Step Instructions for Beginners and Experienced Users
Description: Learn how to sell Bitcoin quickly and safely: an overview of the most convenient methods — exchanges, exchangers, P2P platforms, crypto wallets, and ATMs.
How to Sell Bitcoin: Detailed Instructions for Beginners
Selling Bitcoin is a common transaction for both beginners and experienced investors. Some people want to lock in profits, while others need to pay bills or convert some of their savings into fiat currency. The reasons vary, but the question is usually the same: how to make a transaction quickly, safely, and profitably?
In this article, we will explain in simple terms how to sell Bitcoin, what methods are available in Ukraine, what the risks may be, and how to avoid unnecessary expenses.
What Do You Need to Know Before Selling Bitcoin?
To ensure the transaction goes smoothly, we recommend that you pay attention to the following points.
How to prepare your wallet and check the exchange rate?
Before selling Bitcoin, check that you have access to your crypto wallet and that the balance is displayed correctly. If you store your crypto coins in personal storage (cold or software), make sure you have control over your private key.
The next step is to check the current BTC rate. If the price is high, selling may be more profitable, and if the quotes are falling, it may be worth waiting.
Also, make sure there are no "stuck" transactions in your wallet — sometimes, old transactions can slow down the confirmation process for new transactions.
Commissions, limits, and transaction times
In the Bitcoin network, the transfer fee depends not on the amount, but on the size of the transaction in bytes (how much data must be recorded in the blockchain). If the network is busy, the fees increase. In 2025, the average transaction cost was about $1–$2. If you make a small payment, the transfer may take a long time to confirm or may even freeze. High fees, on the contrary, speed up processing.
When selling through an exchange or exchanger, consider the additional limits and fees charged by the service. If you cannot find the information on the website, contact customer support.
How to Sell Bitcoin: Main Methods
Below, we explain how to sell Bitcoin in Ukraine and what methods you can use.
Selling via a cryptocurrency exchange
Trading crypto platforms have high liquidity and allow you to conduct transactions without intermediaries. To complete a transaction, follow these steps:
- Log in. If you do not have an account on the exchange yet, register and complete verification. Most platforms do not allow transactions without identity verification.
- Create a sell order. Go to the "Trade" section and select the BTC/USDT pair or another one.
- Specify the number of coins and the type of order: market — will be sold instantly at the current price; limit — you set the desired price and wait for execution.
- Confirm the transaction and wait for it to be executed. The funds will be credited to your exchange wallet (Spot Wallet).
Selling via P2P platforms
P2P is a way to sell Bitcoin directly to another user. You choose a buyer, agree on a payment method, and receive money after the transaction is confirmed. Platforms that provide this service use escrow, a feature that allows you to "freeze" cryptocurrency until the buyer pays for the transaction.
Selling through crypto exchanges
It is the easiest way to get hryvnia, dollars, or euros for BTC. You choose a service, enter the amount, receive the exchange wallet details, and send coins there. After confirming the transaction, the service transfers the money to your card or electronic wallet.
On ObmenAT24, you can also sell Bitcoin for cash dollars. The service is available in major cities in Ukraine. To complete the transaction, you need to:
- Select the appropriate currency pair in the calculator (for example, BTC — USD Kyiv).
- Fill out the online form and read the terms of service.
- Submit your application for processing.
To complete the transaction, you need to transfer the cryptocurrency to our crypto wallet. Then, our manager will contact you and provide the address and opening hours of the branch where you can receive your cash.
Selling through Bitcoin ATMs
Bitcoin ATMs also allow you to exchange BTC to cash. All you need to do is find the nearest machine, select the "Sell" function, scan the QR code from your wallet, and confirm the transfer. After processing the transaction, the ATM will dispense the cash.
How to Withdraw Money After Selling Bitcoin?
We will tell you how you can get hryvnia or dollars after you have exchanged BTC.
Withdrawal to a bank card
In Ukraine, such a transaction can be carried out through crypto exchangers and P2P platforms. Usually, you need to:
- select a currency (UAH, USD, EUR);
- enter your card details;
- confirm the request.
As of 2025, crypto exchanges do not support direct hryvnia withdrawals to cards for Ukrainian users.
Transfer to e-wallets
After selling BTC, fiat can be withdrawn to popular electronic services: Wise, Revolut, Payeer, Payoneer, or other systems supported by the exchange or exchanger. This is convenient if you often pay for goods and services online or work with international marketplaces.
Exchange BTC to other cryptocurrencies
If you don't need fiat, you can convert Bitcoin into stablecoins (USDT, USDC), Ethereum, or any other cryptocurrency. This is done to fix the value without converting to hryvnia or dollars, or to invest funds in other assets. It is most convenient to conduct such transactions through an exchange.
How to Sell Bitcoin Through Mobile Apps?
The safest option in Ukraine is to use official exchange apps with P2P, such as Binance. For EU residents, Coinbase or MoonPay are also suitable.
Basic steps:
- Download the app and create an account.
- Transfer BTC to the app's wallet.
- Click "Sell" and specify the amount.
- Select a method for receiving the money.
- Confirm the transaction and wait for the funds to arrive.
There are also apps that do not store cryptocurrency but only help sell it through partner resources. For example, through ZEN.com, you can sell Bitcoin for euros. Also, if you use mobile wallets, you can make transactions through their apps.
Tips for Selling Bitcoin Safely
- Use only trusted exchanges, exchangers, or mobile wallets with a good reputation.
- If you choose P2P, pay attention to the counterparty's rating, transaction history, and reviews.
- Do not sell under the influence of emotions (panic, FOMO) — it is important to have a clear sales strategy and exit when you have achieved your goals.
- Choose a withdrawal method suitable for your country to avoid unnecessary fees or conversions.
Taxes and Regulations When Selling Cryptocurrencies
Selling Bitcoin in Ukraine is considered investment income, which is subject to taxation. The tax is paid only on the difference between the purchase and sale price, i.e., on the actual earnings. If you sold the crypto for less than you bought it, there are no taxes.
For individuals, the standard rate applies: 19.5% of the profit (personal income tax + military tax). If the transaction amount does not exceed the minimum wage, no tax is charged.
Exchanging crypto to crypto, for example, BTC to USDT, is not considered a taxable event. The obligation arises only when there is a fiat or fixed profit.
The income tax return must be filed by May 1 of the following year, and the tax must be paid by August 1.
When Is the Best Time to Sell Bitcoin?
Most often, investors sell Bitcoin when:
- they have achieved their financial goals — recouped their investment or received the desired profit;
- they need to balance their portfolio because BTC occupies too large a share;
- the market is growing rapidly — historically, highs occur within 12–18 months after halving;
- technical indicators signal overheating;
- there are signs of euphoria in the market, when many traders buy just because "everyone else is buying."
There is no such thing as the perfect moment. We recommend selling when it is profitable for you, not when the market is in panic or, conversely, in a frenzy. Gradually locking in profits helps you avoid emotional decisions and losses.
