How to sell bitcoin
Looking to sell your bitcoin for Australian dollars? We’ve created a streamlined and reliable selling process, so that you can trade your bitcoin for AUD quickly and easily.
To sell your bitcoin securely, follow the three-step process outlined below.
Create an account. We will send you an email asking you to confirm your email address. Open the email, give it a read, and click the ‘Confirm’ button.
To keep your information private and secure, and to protect you against fraud, we will need to verify your identity. Begin the verification process from your account dashboard. You will need an identity document, such as a drivers’ licence or passport.
Watch this short video for a guide on getting verified.
From your account dashboard, click ‘Place order.’ Choose your sell order amount in bitcoin or Australian dollars, and send the specified amount to Bit Trade’s wallet address. Our team will confirm your payment and cross-check your details. Then, we will deposit Australian dollars into your nominated bank account. Payments to Australian bank accounts are usually finalised within three business days.
If you have not received your funds within three business days, please contact us via [email protected]
Bitcoin transaction (or ‘mining’) fees are a vital part of the Bitcoin network and must be paid anytime you make a transaction.
Bitcoin fees ensure your bitcoin transaction is confirmed on the blockchain. These fees are passed on to ‘miners’ – members of the Bitcoin network that process and verify transactions – as an incentive. This, in turn, keeps the network secure.
When selling bitcoin with Bit Trade, you will need to add a small transaction fee to your order.
If your wallet provider gives you the option to choose the level of fees paid, do not offer less than the ‘average/normal’ suggestion.
Failing to pay sufficient fees will prevent your transaction from processing. BTC will be withdrawn from your wallet but will not reach us. Your funds will be stuck in bitcoin limbo.
If you would like to pay lower fees, please check a BTC network fee estimator (such as estimatefee.com) first.
Reach out to our friendly support team at [email protected] if you have any questions.
Ready to get started?
It is easy to sign up, verify your account, and get trading today.
Please note: Because bitcoin rates can fluctuate, we maintain the right to process any payments at our current rate if a deposit is made into our account more than 15 minutes from the time of the request initiation.
Where possible, we attempt to fulfil all order requests. However, we maintain the right not to process any order requests for any reason, in which case your deposit will be refunded. Please view our terms and conditions or contact us via [email protected] for further information.