Selling Bitcoin made simple.
At Bitinvestor we’ve made it simple to sell Bitcoin.
As soon as you’ve sent us your Bitcoin, we’ll initiate a bank transfer to you. You will usually receive your money within a few hours, but always within 2 business days.
And if you face problems or have any questions, we’re ready to help in our livechat every day of the week!
How do you sell Bitcoin?
Why sell through Bitinvestor?
Local bank transfer
We pay out through the local banking systems for EUR, GBP, and DKK so you don’t have to worry about international methods.
As soon as we receive your Bitcoin, we intiate the payout to you.
Bitinvestor is regulated by the Danish Financial Authorities and Fintrac Canada.
Learn about Bitcoin
The Genesis of Bitcoin
The world’s confidence in conventional banking systems was destroyed by the 2008 financial crisis. The white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto, which proposed a revolutionary decentralized digital currency, stood out as a ray of hope amidst this chaos. The ‘genesis block‘ was mined by January 2009, when the Bitcoin software became available to the general public. This first block contained the following message, which emphasized the status of the global economy: The Times, 03/Jan/2009, “Chancellor on verge of second bank bailout“
The Enigma Behind Bitcoin
Bitcoin’s appeal is increased by the fact that the real identity of Satoshi Nakamoto is still one of the biggest mysteries in the computer industry. The decentralized nature of Bitcoin is highlighted by its very anonymity.
The Uniqueness of Bitcoin
Several attributes differentiate Bitcoin in the crowded crypto space:
- Decentralization: Absence of central control ensures Bitcoin’s resilience.
- Finite Supply: A ceiling of 21 million coins guarantees scarcity.
- Security: Bitcoin’s blockchain is fortified against breaches.
- Pioneer Status: As the first cryptocurrency, Bitcoin enjoys unparalleled recognition.
- Digital Gold Analogy: It’s seen as a hedge against economic uncertainties.
- Open-Source Philosophy: Bitcoin’s transparent code encourages collaboration.
- Global Transactions: Bitcoin eliminates geographical transaction barriers.
Disruption of the Financial Ecosystem
Bitcoin has changed the rules of finance. Its existence facilitates peer-to-peer trades, decentralizes transactions, and empowers individuals. It has also sparked the creation of a plethora other digital assets, many of which seek to fill in gaps or improve perceived inefficiencies in Bitcoin.
Cultural and Societal Implications
The impact of bitcoin extends beyond the financial sector. It puts conventional systems to the test and prompts a reassessment of accepted wisdom regarding digital autonomy, privacy, and worth. Additionally, it lowers the hurdles associated with traditional investment routes and democratizes financial participation and access.
Bitcoin and the Evolution of Industries
The impact of Bitcoin goes well beyond money. Because of its mainstreaming, blockchain is now being investigated in a variety of industries, including supply chain management, real estate, and healthcare. In the financial sector, Decentralized Finance (DeFi) platforms, which offer financial services without middlemen, are multiplying and are modeled after Bitcoin. Blockchain’s ability to provide transparent voting procedures has the potential to completely reinvent democracy in the governance space as well.
Regulatory Challenges and Opportunities
International authorities have responded to the rise of Bitcoin in different ways. While some countries have welcomed it, others have expressed worries about its possible exploitation for illicit purposes. This has encouraged the crypto sector to have proactive conversations with regulators, which has resulted in the creation of regulation frameworks that attempt to safeguard consumers while promoting innovation.
Bitcoin’s Role in Developing Economies
Bitcoin is a lifeline for many people in impoverished countries, not merely an investment vehicle. A substitute store of value and a way to conduct international transactions are offered by Bitcoin in nations beset by hyperinflation, unstable economies, or stringent capital controls. It provides financial inclusion to individuals disadvantaged by conventional banking institutions, such as distant African farmers who wish to conduct internet transactions or Asian freelancers who need to send money abroad.
Frequently asked questions
You can receive your money in less than 5 minutes when selling Bitcoin through Bitinvestor.
If your bank is in Europe or the United Kingdom, you’ll receive your money in a few minutes after we receive your Bitcoin if your bank supports SEPA instant or Faster Payments. Regular bank transfers will take 1 business day.
With MasterCard, you’ll receive your payout within 24 hours after we receive your Bitcoin.
Some of the reasons why one could consider selling Bitcoin are:
- Profit taking
- Risk Management,
- Liquidity Needs
- Tax payments being due
- Market Conditions
There are a lot of different reasons why someone may consider selling Bitcoin. If you believe the market may crash, Bitcoin isn’t the cryptocurrency that’ll succeed or the network fees are too high, you have very valid reasons to sell Bitcoin.
When you sell Bitcoin, we will initiate a bank transfer to your bank as soon as we receive your Bitcoin.
The money usually arrives within hours, but always within 2 business days.
If you have Bitcoin in a wallet, you can easily sell the Bitcoin on Bitinvestor.
To sell Bitcoin, go to our sell page, choose the amount of Bitcoin you want to sell, enter your Bank or Credit Card details and send the Bitcoin to the address we give you. You will always receive your money within 1 business day.
As soon as we receive your Bitcoin, the price gets locked in.
When selling, the price is locked in after your transaction has 1 confirmation on the blockchain. That usually never takes more than 30 minutes.
You can sell your Bitcoin and receive a bank transfer in as little as 5 minutes on Bitinvestor.
You can sell Bitcoin for USD, GBP, EUR or DKK on Bitinvestor.
In order to complete identity verification, have your passport or driver’s license ready as well as a device with your camera.
Then begin your verification, take an image of your passport or driver’s license and take a live selfie of your face.
Once done, you will have to wait for the system to verify your identity. This usually takes 5-10 minutes.
If you have to verify your address, we need a document that is no older than 3 months old. This can be a bank statement, rent agreement, water bill, utility bill, etc.
If you experience problems or have any questions about the process, please message us in our livechat.
Identity verification is required in order to comply with money laundering regulations.
Cryptocurrency is taxed differently based on the jurisdiction you reside in. Please check with your local tax authorities to figure out which tax implications you are subject to.
We make it easy and transparent for you to report and do bookkeeping on all of your purchases and sales of cryptocurrency. At the end of the year, we’ll send you a summary of all of your trades.
You can sell Bitcoin for euro and receive your euro in as little as 5 minutes on Bitinvestor.
Receive your euro with MasterCard, SEPA Instant or Regular SEPA.