Satoshily is a peer-to-peer Bitcoin trading platform that enables users to buy and sell Bitcoin without the need for intermediaries like banks or payment processors. Here are the steps to sell Bitcoin on Satoshily:

Step 1: Create an Account on Satoshily

The first step to selling Bitcoin on Satoshily is to create an account. To do this, go to the Satoshily website and click on the “Register” button on the top right corner of the homepage. Fill out the required information, including your name, email address, and a strong password, then click on the “Sign Up” button. You will receive an email with a link to activate your account.

Step 2: Verify Your Account

After activating your account, log in to Satoshily and complete the account verification process. You will need to provide personal information like your name, address, and phone number, and upload a photo ID. This is to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.

Step 3: Add Bitcoin to Your Satoshily Wallet

To sell Bitcoin on Satoshily, you will need to have Bitcoin in your Satoshily wallet. If you already have Bitcoin in your Satoshily wallet, skip to step 4. If not, click on the “Deposit” button on the top right corner of the homepage, select Bitcoin as the deposit method, and copy the deposit address. Send the amount of Bitcoin you want to sell from your external Bitcoin wallet to the Satoshily deposit address.

Step 4: Create a Sell Order

Once you have Bitcoin in your Satoshily wallet, click on the “Sell Bitcoin” button on the homepage. Enter the amount of Bitcoin you want to sell and the currency you want to receive (e.g., USD, EUR, etc.), then click on the “Sell Bitcoin” button. Satoshily will show you the exchange rate and the total amount of currency you will receive.

Step 5: Wait for a Buyer

After creating a sell order, you will need to wait for a buyer to match with your order. Satoshily uses an order book to match buyers and sellers, so the time it takes to find a buyer depends on the market demand. Once a buyer matches with your order, Satoshily will send you a notification.

Step 6: Complete the Trade

When a buyer matches with your sell order, Satoshily will hold the Bitcoin in escrow until the trade is completed. You will need to confirm that you have received the payment from the buyer before Satoshily releases the Bitcoin to the buyer. Once the trade is completed, the currency you received will be deposited in your Satoshily wallet.

In conclusion, selling Bitcoin on Satoshily is a straightforward process that requires creating an account, verifying your identity, adding Bitcoin to your Satoshily wallet, creating a sell order, waiting for a buyer, and completing the trade. As with any cryptocurrency transaction, it is important to be aware of the risks involved and to take appropriate security measures to protect your assets.

By Admin