how to sell bitcoin from exodus wallet

Selling Bitcoin from Exodus Wallet is easy via the in-built exchange, or more versatile through an external exchange, but consider fees, security, and potential tax implications.

Nov 03, 2024 at 05:20 pm

How to Sell Bitcoin from Exodus Wallet: A Step-by-Step Guide

Exodus Wallet is a well-known cryptocurrency software wallet that allows users to buy, sell, store and exchange various cryptocurrencies including Bitcoin (BTC). Selling Bitcoin from Exodus Wallet is a relatively straightforward process but can vary depending on the preferred exchange method and destination. Here's a step-by-step guide outline both the easiest and most versatile ways of selling Bitcoin via Exodus.

Method 1: Using the Exodus In-Built Exchange (Easiest)

1.Set up an Exodus account: Install the Exodus wallet on your device and create an account if you haven't already.
2.Fund your wallet: To sell Bitcoin, ensure your Exodus wallet contains the amount of Bitcoin you wish to sell minus any fees.
3. Navigate to the exchange tab: On the Exodus interface, click on the "Exchange" tab.
4. Select a destination: Choose the cryptocurrency or fiat currency (e.g., USD, EUR) you want to receive in exchange for your Bitcoin.
5.Specify the amount: Enter the amount of Bitcoin you want to sell or select a preset percentage.
6.Submit the order: Review the transaction details and click on the "Exchange" button to initiate the trade.
7.Confirmation: The exchange will be executed once confirmed, and the proceeds will be credited to your chosen destination account within a short period.

Method 2: Via an External Exchange (Most Versatility)

1.Create an account on a cryptocurrency exchange: Choose a reputable platform, such as Binance, Coinbase, or your preferred exchange.
2.**Link your Exodus wallet: Connect your Exodus wallet to the exchange by providing the necessary information or scanning a QR code.

3. Transfer your Bitcoin: Send the Bitcoin you want to sell from your Exodus wallet to the exchange's receiving address.
   4.Sell your Bitcoin: Navigate to the exchange's trading interface, select the BTC/desired currency pair. Enter the amount of Bitcoin you want to sell or set up a market or limit order, and execute the trade.
   5.Withdraw funds: Once the trade is completed, withdraw the proceeds to your bank account or other desired destination.

Additional Considerations:

• Fees: Both Exodus and external exchanges may charge fees for transactions. It is important to check the fee structure before selecting a method.
• Security: Ensure your Exodus wallet is secure with a strong password or 2FA. When using external exchanges, verify the platform's trustworthiness and security measures.
• Taxes: Depending on your location, selling Bitcoin may be subject to taxes. Consult with a tax professional for guidance.