How to Sell Bitcoin From Your Hardware Wallet to Your Bank (Step-by-Step Guide) πΈ
Rex Kneisley
In this video, Iβll show you how to sell your Bitcoin from your hardware wallet and transfer the proceeds to your bank account. Many people mistakenly think they can send Bitcoin directly from their wallet to their bank, but most banks donβt accept crypto. Instead, the process involves transferring your Bitcoin from your hardware wallet to an exchange, where you can convert it to cash.
Iβll demonstrate the process using two popular exchanges: Kraken and Uphold. π
πΌ In this guide, Iβll walk you through:
Transferring Bitcoin from a Trezor Safe 5 via Trezor Suite to Kraken Selling Bitcoin for USD on Kraken and withdrawing funds to your bank
Transferring Bitcoin from Ledger Live to Uphold, converting it to cash, and making a bank withdrawal
This video will help you understand the steps involved in turning your crypto into fiat currency and moving it to your bank account. π
Key Points: Trezor Safe 5 and Ledger Live wallet-to-exchange transfers Selling Bitcoin for US Dollar on Kraken and Uphold Withdrawal of funds to your bank account Full process with detailed, easy-to-follow steps
π Useful Resources:
Kraken Sign-up link: https://kraken.pxf.io/LKKOBL Uphold Sign-up link: https://uphold.sjv.io/CryptoDad
π¦ Ledger STAX Now Available! β¨ Order your Ledger STAX here: https://shop.ledger.com/pages/ledger-stax/?r=6057
π The all-new Touchscreen Ledger Flex π Get yours here: https://shop.ledger.com/pages/ledger-flex/?r=6057
π Get your very own Trezor Safe 5 Multi-Coin Edition here! πππ π https://affil.trezor.io/aff_c?offer_id=235&aff_id=2147
00:00 Introduction 01:24 Cash out from Trezor to Kraken 05:24 Cash out from Ledger to Uphold
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Interested in a video chat session to get your new wallet set up or restored? Or maybe you have a technical issue that you can't figure out. Or perhaps you just want a Q & A session. Shoot me an email and we can set something up! π¬Email: thecryptodad@gmail.com
π‘ DISCLAIMER: This video is for educational purposes only and should not be considered financial advice. Always do your own research before investing in cryptocurrencies. ... https://www.youtube.com/watch?v=k5YinSYtEKQ
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