Frequently asked questions

The bitcoin price is a market price made up of supply and demand. If more people want to buy bitcoin than sell it, the price will rise. Supply and demand depend on a large number of factors, from technological developments to the monetary policy of the central banks.

You can sell bitcoin on a crypto exchange.

Frankly, we don't know either. It's difficult to predict the future development of any investment, and especially in a volatile market like crypto. That said, it is generally wise to buy during price dips, and sell when price rises and investors get euphoric. Luckily, there's a way to not miss out on great selling opportunities: simply set up a price alert and get notified when bitcoin reaches your target price.

There are a several things you should consider before you sell crypto. First, you should pay attention to the trading and payout fees of an exchange. Second, look out for an exchange supports your preferred payout method such as bank transfer or PayPal. Third, make sure that your exchange has good customer service in case something goes wrong. And last but not least, don't forget to assess your tax bill before you sell. Crypto tax tools can help you with that.

Most exchanges will offer payouts via bank transfer, but there are also some exchanges which will offer alternative methods like PayPal or even Amazon gift cards. An alternative is to leave your funds on the exchange, where you may even be able to earn interest through staking.

In most countries, bitcoin is considered as a commodity, and any profits you make from trading bitcoin falls under capital gains tax. Be sure to inform yourself about the applicable regulations in your country. You can use a crypto tax tool to calculate your taxes.

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